$200,000
$20K PRICE DROP

Estimated payment $1,171/month

Total Views 9,979
3 Beds
2 Baths
1,200-1,399 Sq Ft
$143 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Walk-In Closet
  • Tile Flooring
  • Some Wood Windows
  • Patio
  • Outdoor Storage

About This Home

What an investment opportunity! Awesome neighborhood, great rents and really amazing property for long-term holders - this one has it all. 3/2, just placed a new tenant for $1524, Sec. 8/MHA and with a 2-car garage. The neighborhood has great schools and plenty of shopping within a few minutes, so the value-add/growth potential will go up over the years for a really nice exit strategy as a profitable flip after a lot of cashflow in the meantime. Property should be in excellent condition as it just had a turn done after the previous tenant left after 15 years. Once it's gone, it's gone, so if you've been thinking about stepping into nicer rentals via a 1031, now's your chance! No city taxes. No showings before accepted offer; ask your agent for interior photos from prior to tenant moving in. No assignable/wholesaler/seller-financing offers will be considered - end buyers only. Buyer to verify all facts.

Listing Agent

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 04/01/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,260

Year Built

  • Built in 1991

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 56x125
  • Wood Fence
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,395 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Some Wood Windows
  • Living Room with Fireplace

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Concord Place 1St Addition Subdivision
  • Property managed by Lubin

Listing and Financial Details

  • Assessor Parcel Number D0241A J00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,260

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 787D
  • MAAR Subdivision Name: CONCORD PLACE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1395
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Living Room
  • Floors/Ceilings: Wall to Wall Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Pantry
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath, Carpet

Exterior Features

  • Misc Exterior: Storage Building, Patio
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Management Company: Lubin

Lot Info

  • Lot Description: Some Trees, Wood Fenced
  • Lot Number: 73
  • Acreage: 0.26
  • Lot Size: 56X125
  • Price Per Acre: 769231
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: D0241A J00007

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,260 $52,300 $16,100 $36,200
2024 $1,260 $37,175 $7,800 $29,375
2023 $1,260 $37,175 $7,800 $29,375
2022 $1,260 $37,175 $7,800 $29,375
2021 $1,283 $37,175 $7,800 $29,375
2020 $1,138 $28,100 $7,800 $20,300
2019 $1,138 $28,100 $7,800 $20,300
2018 $1,138 $28,100 $7,800 $20,300
2017 $1,155 $28,100 $7,800 $20,300
2016 $1,032 $23,625 $0 $0
2014 $1,032 $23,625 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $200,000 -7.0% $167 / Sq Ft
05/20/2025 05/20/25 For Sale $215,000 0.0% $179 / Sq Ft
05/20/2025 05/20/25 Price Changed $215,000 -2.3% $179 / Sq Ft
05/05/2025 05/05/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $220,000 -- $183 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $83,000 West Tennessee Title
Quit Claim Deed -- Multiple
Special Warranty Deed $58,000 Multiple
Trustee Deed $68,787 None Available
Warranty Deed $120,000 Equity Title & Escrow Co
Warranty Deed $97,000 Equity Title & Escrow Co
Quit Claim Deed -- --
Warranty Deed $80,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $66,400 New Conventional
Previous Owner $66,449 Purchase Money Mortgage
Previous Owner $25,000 Stand Alone Second
Previous Owner $114,000 Purchase Money Mortgage
Previous Owner $87,300 No Value Available
Previous Owner $72,800 No Value Available
Previous Owner $12,000 Credit Line Revolving
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10193229

Memphis Area Association of REALTORS®

APN: D0-241A-J0-0007