NOT LISTED FOR SALE

751 Saint Paul Ave Memphis, TN 38126

South City Neighborhood

Estimated Value: $319,000 - $850,349

14 Beds
14 Baths
10,780 Sq Ft
$64/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $750,000 $70 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,977/month

17 Days on Market

Highlights

  • 1.04 Acre Lot
  • Laundry Facilities
  • Vinyl Flooring
  • Central Heating and Cooling System

About This Home

As of October 2021

•Multiple offers! Deadline to submit best and final offer is 09/18. •14 Apartment Units across 7 duplexes all on one parcel •Individually metered for all utilities except 765 and 763 where coin laundry room is located in back. New roofs, plumbing, electrical and HVAC in the last 3 years. Over a 9 percent cap rate. • Walking distance from the Medical District and Downtown Memphis. • In a Designated Opportunity Zone • Eligible for Historic Grant up to 30% of renovations up to 300k

Last Agent to Sell the Property

Jonathan Minerick

homecoin.com License #357494 Listed on: 09/04/2021

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,856

Year Built

  • Built in 1922

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 159x284

Parking

  • Off-Site Parking

Home Design

  • Slab Foundation
  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 10,780 Sq Ft Home
  • Sheet Rock Walls or Ceilings
  • Vinyl Flooring

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 011027 00001

Community Details

Overview

  • 14 Units
  • Mc Grath Subdivision

Amenities

  • Laundry Facilities

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,856

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 745E
  • MAAR Subdivision Name: MCGRATH
  • Freestanding: Yes
  • List Price Per Sq Ft: 69
  • Price Per Sq Ft: 721153.85
  • Estimated Sq Ft: 10780
  • Year Built: 1922
  • Construction: Vinyl Siding
  • List Price Per Unit: 53500
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Vinyl Floor, Dry Wall

Exterior Features

  • Foundation: Slab
  • Roof: Pitched

Garage/Parking

  • Parking Facility: Offsite/Street

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Washer in Unit, Dryer in Unit, Common Laundry

Lot Info

  • Lot Number: 18-19+PT
  • Acreage: 1.04
  • Lot Size: 159X284
  • Price Per Acre: 720192

Rental Info

  • Actual Annual Rent: 11240
  • Leaseable Sq Ft: 11130
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 011027 00001

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 14
  • Number1 Bedroom Units: 14
  • Type of Unit: 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2021
Closed on
Oct 15, 2021
Sold by
Jules Verne Llc
Bought by
Ark7 Properties Llc
Seller's Agent
Jonathan Minerick
homecoin.com
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$749,000
Sold Price
$750,000
Premium/Discount to List
$1,000
0.13%
Current Estimated Value
$692,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,913
Avg. Annual Appreciation
-3.50%

Purchase Details

Listed on
Feb 19, 2020
Closed on
Jun 22, 2020
Sold by
Saint Paul Properties Llc
Bought by
Jules Verne Llc
Seller's Agent
Rick Baer
Rick Baer Realty
Buyer's Agent
Alan Crenshaw
Ware Jones, REALTORS
List Price
$529,000
Sold Price
$536,000
Premium/Discount to List
$7,000
1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.98%

Purchase Details

Closed on
Dec 7, 2018
Sold by
Broad St Llc
Bought by
Saint Paul Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2018
Sold by
Moss William P
Bought by
Boshwit Bros Mortgage Corp

Purchase Details

Closed on
Jan 1, 2002
Sold by
United Development Co Lp
Bought by
Buehler Harold E and Buehler Joellen

Purchase Details

Closed on
Mar 28, 1998
Sold by
Buehler Harold E and Buehler Jo Ellen
Bought by
United Development Co Lp

Purchase Details

Closed on
Mar 17, 1997
Sold by
Pegram Steve and Jane Johns B
Bought by
Buehler Harold E and Buehler Jo Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,450
Interest Rate
7.86%
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
Ark7 Properties Llc $750,000 None Available
Jules Verne Llc $535,000 Mid South Title Svcs Llci
Saint Paul Properties Llc $450,000 Mid South Title
Boshwit Bros Mortgage Corp $28,969 None Available
Buehler Harold E -- Memphis Title
United Development Co Lp -- Memphis Title
Buehler Harold E $68,967 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saint Paul Properties Llc $360,000
Previous Owner Cross Waquanza $27,147
Previous Owner Buehler Harold E $5,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $750,000 +0.1% $70 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/04/2021 09/04/21 For Sale $749,000 +39.7% $69 / Sq Ft
06/22/2020 06/22/20 Sold $536,000 +1.3% $348 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $529,000 -- $344 / 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 $1,856 $113,400 $8,800 $104,600
2024 -- $54,760 $1,400 $53,360
2023 $3,336 $54,760 $1,400 $53,360
2022 $3,336 $54,760 $1,400 $53,360
2021 $1,486 $54,760 $1,400 $53,360
2020 $3,907 $53,920 $1,400 $52,520
2019 $1,723 $53,920 $1,400 $52,520
2018 $1,723 $53,920 $1,400 $52,520
2017 $1,764 $53,920 $1,400 $52,520
2016 $2,360 $54,000 $0 $0
2014 $2,360 $54,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Minerick

    Seller's Agent in 2021

    Jonathan Minerick

    homecoin.com

    (888) 400-2513

    2 in this area

    6,609 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • Rick Baer

    Seller's Agent in 2020

    Rick Baer

    Rick Baer Realty

    (901) 461-8791

    99 Total Sales

    Section Image
  • Alan Crenshaw

    Buyer's Agent in 2020

    Alan Crenshaw

    Ware Jones, REALTORS

    (901) 413-0990

    109 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10108058

Memphis Area Association of REALTORS®

APN: 01-1027-0-0001

Tennessee Shelby County Memphis 38126 South City

751 Saint Paul Ave, Memphis, TN

This home is located at 751 Saint Paul Ave, Memphis, TN 38126 since 04 September 2021 and is currently estimated at $692,087, approximately $64 per square foot. This property was built in 1922. 751 Saint Paul Ave is a home located in Shelby County with nearby schools including Larose Elementary School, Booker T. Washington Middle & High School, and Southwest Early College High School.

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