NOT LISTED FOR SALE

Estimated Value: $258,422 - $351,000

3 Beds
3 Baths
6,864 Sq Ft
$44/Sq Ft Est. Value

Last Sold December 23, 2023

Last sale price $310,000 $45 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,834/month

13 Days on Market

Highlights

  • Central Heating and Cooling System
  • Vinyl Flooring
  • Garden Home

About This Home

As of December 2023

This Midtown Triplex is available near Overton Park. The units are all 1 bedroom with central heating and air. The scheduled monthly income is 2925. Drive by only, Please do not disturb residents

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 10/31/2023

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 10/31/2023

Crye-Leike Commercial

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,236

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 6,864 Sq Ft Home
  • 1.2-Story Property
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 3 Units
  • Gilbert Subdivision

Listing and Financial Details

  • Tenant pays for some utilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,236

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MLS Map #: 746C
  • MAAR Subdivision Name: Gilbert
  • Freestanding: Yes
  • Number Of Stories: 1.2
  • Price Per Sq Ft: 2066666.67
  • Estimated Sq Ft: 6864
  • Year Built: 1910
  • Construction: Brick/Veneer
  • List Price/ Sq Ft: 51
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central

Lot Info

  • Acreage: 0.15
  • Lot Size: 6864
  • Price Per Acre: 2326667
  • Improved Sq Ft: 2668
  • Land Sq Ft: 6864

Rental Info

  • Actual Annual Rent: 35100
  • Leaseable Sq Ft: 2668
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 3
  • Number1 Bedroom Units: 3
  • Type of Unit: 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 14, 2023
Sold by
Glen E Stovall Living Trust and Stovall Glen E
Bought by
Str Fund I Spe Ii Llc
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$349,000
Sold Price
$310,000
Premium/Discount to List
-$39,000
-11.17%
Views
28
Current Estimated Value
$302,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,644
Avg. Annual Appreciation
0.93%
Original Mortgage
$232,500
Outstanding Balance
$228,990
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$85,853

Purchase Details

Closed on
Dec 16, 2022
Sold by
Stovall Glen E
Bought by
Glen E Stovall Living Trust

Purchase Details

Closed on
Feb 11, 2019
Sold by
Wood Robert A and Wood Karen K
Bought by
Stovall Glen E

Purchase Details

Closed on
Oct 17, 2002
Sold by
Kearney Annette and Kerney Annette
Bought by
Wood Robert
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Str Fund I Spe Ii Llc $310,000 Executive Title & Closing
Glen E Stovall Living Trust -- --
Stovall Glen E $170,000 None Available
Wood Robert $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Str Fund I Spe Ii Llc $232,500
Previous Owner Wood Robert A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2023 12/23/23 Sold $310,000 -11.2% $45 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $349,000 -- $51 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,236 $118,640 $20,400 $98,240
2024 $2,236 $65,960 $16,040 $49,920
2023 $4,018 $65,960 $16,040 $49,920
2022 $4,018 $65,960 $16,040 $49,920
2021 $4,065 $65,960 $16,040 $49,920
2020 $2,864 $39,520 $16,040 $23,480
2019 $1,263 $39,520 $16,040 $23,480
2018 $1,263 $39,520 $16,040 $23,480
2017 $1,293 $39,520 $16,040 $23,480
2016 $1,559 $35,680 $0 $0
2014 $1,559 $35,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10159955

Memphis Area Association of REALTORS®

APN: 01-7051-0-0014