$78,000
SOLD DEC 5, 2024
1 Bed
1 Bath
1,080 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

8% Below List Price

6 Days on Market

About This Home

As of December 2024

Fantastic investment opportunity in the Shelby area. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 10/30/2024

Last Buyer's Agent

Alissa Fowler

CrestCore Realty MphsBrokerage License #340310

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $198

Year Built

  • Built in 1948

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 93x111

Home Design

  • Duplex

Interior Spaces

  • 1,080 Sq Ft Home
  • 1-Story Property
  • Great Room

Community Details

  • Churchwood Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 027013 00027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$198

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • MLS Map #: 741D
  • MAAR Subdivision Name: CHURCHWOOD TERRACE
  • Number Of Stories: 1
  • Price Per Sq Ft: 72.22
  • Estimated Sq Ft: 1080
  • Year Built: 1948
  • List Price/ Sq Ft: 79
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Lot Info

  • Lot Number: 36
  • Acreage: 0.16
  • Lot Size: 93X111
  • Price Per Acre: 531250
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 027013 00027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Dec 5, 2024
Sold by
Whitestone Real Estate Fund Iii Lp
Bought by
Memphis Peony Investments Llc
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Alissa Fowler
CrestCore Realty MphsBrokerage
List Price
$85,000
Sold Price
$78,000
Premium/Discount to List
-$7,000
-8.24%
Views
1
Current Estimated Value
$543,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,342
Avg. Annual Appreciation
3674.25%

Purchase Details

Closed on
Jan 18, 2024
Sold by
Pigeon Cay Llc
Bought by
Whitestone R/E Fund Iii Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
6.61%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 8, 2003
Sold by
Shaw Garland D and Shaw Edith H
Bought by
Shaw Larry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,550
Interest Rate
6.16%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,830,000 Southern Trust Title
Special Warranty Deed $60,000 Total Title Services
Interfamily Deed Transfer $600,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $58,000 Construction
Previous Owner $512,550 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $78,000 -8.2% $72 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $85,000 -- $79 / 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 $198 $14,640 $3,000 $11,640
2024 $198 $5,840 $1,200 $4,640
2023 $356 $5,840 $1,200 $4,640
2022 $356 $5,840 $1,200 $4,640
2021 $360 $5,840 $1,200 $4,640
2020 $693 $9,560 $1,200 $8,360
2019 $693 $9,560 $1,200 $8,360
2018 $693 $9,560 $1,200 $8,360
2017 $393 $9,560 $1,200 $8,360
2016 $439 $10,040 $0 $0
2014 $439 $10,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10184232

Memphis Area Association of REALTORS®

APN: 02-7013-0-0027