NOT LISTED FOR SALE

725 Mckinley St Memphis, TN 38126

South City Neighborhood

Estimated Value: $97,000 - $172,277

3 Beds
2 Baths
1,400-1,599 Sq Ft
$82/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $63,000 $39 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $794/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Porch
  • Separate Formal Living Room
  • Some Wood Windows
  • Laundry closet

About This Home

As of December 2019

3 bedrooms, 2 baths, corner lot. Sold as-is. Needs work. Cash or rehab loans only.

Last Agent to Sell the Property

Sam Hanks

Broker South Realty License #285943 Listed on: 11/06/2019

Last Buyer's Agent

Jacob Laurence

Keller Williams License #339121

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $918

Year Built

  • Built in 2011

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 58 x 98
  • Corner Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,472 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Iron Doors
  • Laundry closet

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

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

Community Details

  • Mckinley Park Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 011020 A00028

Home Details

Home Type

Single Family

Est. Annual Taxes

$918

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 745E
  • MAAR Subdivision Name: MCKINLEY PARK
  • List Price Per Sq Ft: 37
  • Number Of Stories: 1
  • Price Per Sq Ft: 42.8
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1472
  • Year Built: 2011
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Carpet

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Corner
  • Lot Number: 28
  • Acreage: 0.13
  • Lot Size: 58 X 98
  • Price Per Acre: 422308

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 011020 A00028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2019
Closed on
Dec 12, 2019
Sold by
Hope Federal Credit Union
Bought by
Triplett Demetrius
Seller's Agent
Sam Hanks
Broker South Realty
Buyer's Agent
Jacob Laurence
Keller Williams
List Price
$54,900
Sold Price
$63,000
Premium/Discount to List
$8,100
14.75%
Current Estimated Value
$131,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,819
Avg. Annual Appreciation
13.75%

Purchase Details

Closed on
Jul 23, 2019
Sold by
Walker Marcellous and Walker Lakeandle
Bought by
Hope Federal Credit Union

Purchase Details

Listed on
Sep 27, 2012
Closed on
May 15, 2014
Sold by
Quimby Bayou Homes Llc
Bought by
Walker Marcellous
Seller's Agent
Sherry Cole
John Green & Co., REALTORS
Buyer's Agent
Sherry Cole
John Green & Co., REALTORS
List Price
$95,000
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$92,150
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2013
Sold by
Quimby Bayou Homes Llc
Bought by
Bennett Ronnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
4%

Purchase Details

Closed on
Nov 24, 2008
Sold by
Memphis Housing Authority
Bought by
Quimby Bayou Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.51%
Mortgage Type
Seller Take Back
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
Triplett Demetrius $63,000 None Available
Hope Federal Credit Union $108,000 None Available
Walker Marcellous $95,000 Saddle Creek Title Llc
Bennett Ronnie $95,000 --
Quimby Bayou Homes Llc $154,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walker Marcellous $92,150
Previous Owner Walker Marcellous $2,850
Previous Owner Bennett Ronnie $15,000
Previous Owner Bennett Ronnie $82,824
Previous Owner Quimby Bayou Homes Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2019 12/12/19 Sold $63,000 +14.8% $45 / Sq Ft
12/04/2019 12/04/19 Pending -- -- --
11/06/2019 11/06/19 For Sale $54,900 -42.2% $39 / Sq Ft
05/15/2014 05/15/14 Sold $95,000 0.0% $65 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
09/27/2012 09/27/12 For Sale $95,000 -- $65 / 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 $918 $36,175 $8,750 $27,425
2024 $918 $27,075 $3,800 $23,275
2023 $1,649 $27,075 $3,800 $23,275
2022 $1,649 $27,075 $3,800 $23,275
2021 $934 $27,075 $3,800 $23,275
2020 $1,719 $23,725 $3,800 $19,925
2019 $758 $23,725 $3,800 $19,925
2018 $758 $23,725 $3,800 $19,925
2017 $776 $23,725 $3,800 $19,925
2016 $1,043 $23,875 $0 $0
2014 $1,038 $23,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sam Hanks

    Seller's Agent in 2019

    Sam Hanks

    Broker South Realty

    (901) 378-0494

    29 Total Sales

    Sam Hanks
    Section Image
  • Jacob Laurence

    Buyer's Agent in 2019

    Jacob Laurence

    Keller Williams

    (901) 734-8006

    54 Total Sales

    Jacob Laurence
    Section Image
  • Sherry Cole

    Seller's Agent in 2014

    Sherry Cole

    John Green & Co., REALTORS

    (901) 853-2055

    2 in this area

    100 Total Sales

    Sherry Cole
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10065553

Memphis Area Association of REALTORS®

APN: 01-1020-A0-0030

Tennessee Shelby County Memphis 38126 South City

725 Mckinley St, Memphis, TN

This home is located at 725 Mckinley St, Memphis, TN 38126 since 06 November 2019 and is currently estimated at $131,819, approximately $82 per square foot. This property was built in 2011. 725 Mckinley St is a home located in Shelby County with nearby schools including Larose Elementary School and Booker T. Washington Middle & High School.

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