NOT LISTED FOR SALE

6954 Us Highway 51 N Millington, TN 38053

Estimated Value: $94,000 - $278,000

4 Beds
4 Baths
2,152 Sq Ft
$72/Sq Ft Est. Value

Last Sold May 31, 2013

Last sale price $35,000 $16 Per Sq Ft

Est. 344% increase in value since last sale

Current estimated payment $966/month

About This Home

As of May 2013

Investor Ready property is already Tenant Occupied - Monthly rent $400 per unit

Last Agent to Sell the Property

Skip Miller

Morris Realty & Auction, LLC License #291138 Listed on: 08/14/2012

Last Buyer's Agent

Michael Wooten

Adaro Realty, Inc. License #319314

Adaro Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,793

Year Built

  • Built in 1946

Lot Details

  • 2.52

Home Design

  • Triplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,152 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Parking

  • Gravel Driveway
  • Paved Parking

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number M0125 A00002

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Highlands Subdivision

Building Details

  • Insurance Expense $950
  • Operating Expense $1,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,793

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MAAR Subdivision Name: HIGHLANDS
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 2152
  • Year Built: 1946
  • Construction: Wood/Composition
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Facility: Concrete, Gravel

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Central, Gas
  • Laundry: Connections

Lot Info

  • Lot Number: 2
  • Lot Size: 239.7/197.4X434.5/570
  • Improved Sq Ft: 2152
  • Land Sq Ft: 109728
  • Zoning: R-O

Rental Info

  • Actual Annual Rent: 14400
  • Leaseable Sq Ft: 2152
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: M0125 A00002

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 3
  • Number2 Bedroom Units: 1
  • Type of Unit: 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2012
Closed on
May 31, 2013
Sold by
Amax Realty Inc
Bought by
Barrera Gregory Allen
Seller's Agent
Skip Miller
Morris Realty & Auction, LLC
Buyer's Agent
Michael Wooten
Adaro Realty, Inc.
List Price
$45,500
Sold Price
$35,000
Premium/Discount to List
-$10,500
-23.08%
Current Estimated Value
$155,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,421
Avg. Annual Appreciation
12.75%
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
Barrera Gregory Allen $38,000 Fidelity Title & Escrow
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2013 05/31/13 Sold $35,000 -23.1% $16 / Sq Ft
05/15/2013 05/15/13 Pending -- -- --
08/14/2012 08/14/12 For Sale $45,500 -- $21 / 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 $1,793 $69,120 $12,520 $56,600
2024 $1,793 $37,440 $10,880 $26,560
2023 $1,793 $37,440 $10,880 $26,560
2022 $1,793 $37,440 $10,880 $26,560
2021 $1,816 $37,440 $10,880 $26,560
2020 $1,562 $28,000 $10,880 $17,120
2019 $1,134 $28,000 $10,880 $17,120
2018 $1,562 $28,000 $10,880 $17,120
2017 $1,579 $28,000 $10,880 $17,120
2016 $1,980 $33,560 $0 $0
2014 $1,467 $33,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Skip Miller

    Seller's Agent in 2013

    Skip Miller

    Morris Realty & Auction, LLC

    (901) 335-9519

    37 Total Sales

    Skip Miller
    Section Image

  • M

    Buyer's Agent in 2013

    Michael Wooten

    Adaro Realty, Inc.

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3255438

Memphis Area Association of REALTORS®

APN: M0-125-A-00002

Tennessee Shelby County Millington 38053

6954 Us Highway 51 N, Millington, TN

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