NOT LISTED FOR SALE

Estimated Value: $531,000 - $573,000

3 Beds
2 Baths
4,523 Sq Ft
$123/Sq Ft Est. Value

Last Sold October 10, 2014

Last sale price $325,000 $72 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,371/month

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • Some Wood Windows
  • Traditional Architecture
  • 2 Fireplaces
  • 3 Car Detached Garage

About This Home

As of October 2014

Classic Spanish two story duplex with high ceilings, hardwood floors, and lots of architectural interest, updated kitchens and baths, lovely porches and sun rooms, covered parking on sought after street in the heart of Central Gardens.

Last Agent to Sell the Property

Linda Sowell

Sowell, Realtors License #50660 Listed on: 04/16/2014

Last Buyer's Agent

Leigh Martin

Hobson, REALTORS License #277409

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,246

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Duplex
  • Traditional Architecture
  • Spanish Architecture
  • Composition Shingle Roof
  • Stucco Exterior
  • Pier And Beam

Interior Spaces

  • 4,523 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • 2 Fireplaces
  • Some Wood Windows
  • Window Treatments
  • Wood Flooring
  • Partial Basement
  • Attic Access Panel
  • Storm Doors

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Parking

  • 3 Car Detached Garage
  • Front Facing Garage
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Porch
  • The property is located in a historic district

Community Details

  • W A New Subdivision

Listing and Financial Details

  • Tenant pays for heating, gas, electric
  • Assessor Parcel Number 030009 00019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,246

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional, Spanish
  • Cross Street: Central
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Freestanding: Yes
  • Historic District: Central Gardens HC
  • List Price Per Sq Ft: 77
  • Number Of Stories: 2
  • Estimated Sq Ft: 4523
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Smooth Ceiling, 9 or more Ft. Ceiling
  • Number Of Fireplaces: 2
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Microwave, Fireplace(s)
  • Estimated Entire Duplex Sq Ft: 4500-4999
  • Miscellaneous Interior: All Window Treatments, Permanent Attic Stairs, Attic Access

Exterior Features

  • Misc Exterior: Porch, Separate Meters, Historic District
  • Exterior Windows: Stucco, Wood Window(s), Storm Door(s)
  • Foundation: Conventional, Partial Basement
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Number Covered Parking Spaces: 3
  • Parking Display: 3D
  • Parking: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central Cooling
  • Heating: Central, Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced
  • Lot Number: S PT 18
  • Acreage: 0.17
  • Lot Size: .17AC 74.65/75.4X100/75.67+6.33+ ~

Rental Info

  • Tenants Pay: Heating, Gas, Electric
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 030009 00019

Multi Family

  • Perc Occ: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2014
Closed on
Sep 29, 2014
Sold by
Crocker Mary Wallace
Bought by
Gross Lawrence B
Seller's Agent
Linda Sowell
Sowell, Realtors
Buyer's Agent
Leigh Martin
Hobson, REALTORS
List Price
$369,000
Sold Price
$325,000
Premium/Discount to List
-$44,000
-11.92%
Current Estimated Value
$557,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,831
Avg. Annual Appreciation
5.01%
Original Mortgage
$243,750
Outstanding Balance
$82,042
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$475,789
Source: Public Records

Range of Values:

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Average Value
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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
Gross Lawrence B $325,000 Fntg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Lawrence B $243,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2014 10/10/14 Sold $325,000 -11.9% $72 / Sq Ft
10/06/2014 10/06/14 Pending -- -- --
04/16/2014 04/16/14 For Sale $369,000 -- $82 / 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 $5,246 $208,800 $32,440 $176,360
2024 $5,246 $154,760 $26,160 $128,600
2023 $9,427 $154,760 $26,160 $128,600
2022 $9,427 $154,760 $26,160 $128,600
2021 $9,538 $154,760 $26,160 $128,600
2020 $9,200 $126,960 $26,160 $100,800
2019 $9,199 $126,960 $26,160 $100,800
2018 $9,200 $126,960 $26,160 $100,800
2017 $5,218 $126,960 $26,160 $100,800
2016 $4,835 $110,640 $0 $0
2014 $4,835 $110,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9924367

Memphis Area Association of REALTORS®

APN: 03-0009-0-0019