$550,000
SOLD AUG 30, 2024

836 Chelsea Ave Memphis, TN 38107

North Memphis Neighborhood
13 Beds
-- Bath
2,288 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$240 Per Sq Ft

55 Days on Market

About This Home

As of August 2024

7 units current Gross annual rented $62400 with $10800 Potential rent on vacant unit tenant just move out. 1 Triplex and 2 Duplexes selling at package only. Triplex has 2 units 1 bedroom 1 bath rented $700 each and 3/2 rented $1100. 2 Duplexes 2/1.5 each side current 3 of them rented $900 each and 1 vacant. All units had been renovated. Dati Mortgage current offer DSCR OR No debt to ratio requires available for investor with 20%+down. Foreign investors with 30% down No credit score No income

Last Agent to Sell the Property

David Truong

eXp Realty, LLC License #285299

eXp Realty, LLC

Last Buyer's Agent

David Truong

eXp Realty, LLC License #285299

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $359

Year Built

  • Built in 1929

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,288 Sq Ft Home
  • Tile Flooring
  • Crawl Space
  • Washer

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • 7 Units
  • 3 Lots Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 027036 00026

Home Details

Home Type

Single Family

Est. Annual Taxes

$359

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 741B
  • Freestanding: Yes
  • Price Per Sq Ft: 3437500
  • Estimated Sq Ft: 2288
  • Year Built: 1929
  • Construction: Brick
  • List Price/ Sq Ft: 240
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Tile

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Washer in Unit

Lot Info

  • Acreage: 0.16
  • Lot Size: 39.48/54.4 X 147.13/131.58
  • Price Per Acre: 3436875
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 62400
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 027036 00026

Multi Family

  • Perc Occ: 86
  • Total Number Of Units: 7
  • Number1 Bedroom Units: 2
  • Number2 Bedroom Units: 4
  • Number3 Bedroom Units: 1
  • Type of Unit: 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Aug 27, 2024
Sold by
Le Nha Khanh Thuy and Pham Steven Hong
Bought by
Kile Ian Wesley
Seller's Agent
David Truong
eXp Realty, LLC
Buyer's Agent
David Truong
eXp Realty, LLC
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%
Total Days on Market
55
Views
26
Current Estimated Value
$146,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$403,452
Avg. Annual Appreciation
-83.43%
Original Mortgage
$120,000
Outstanding Balance
$119,269
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$26,136

Purchase Details

Closed on
May 25, 2020
Sold by
Deutsche Bank Trust Company Americas
Bought by
Ly Nguyet Thi and Ly Thuy Le

Purchase Details

Closed on
Jan 21, 2020
Sold by
Lindley Lance
Bought by
Deutsche Bank Nationa Trust Co Americas and Residential Accredit Loans Inc

Purchase Details

Closed on
May 31, 2006
Sold by
Myles Earlean C
Bought by
Lindley Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8%
Mortgage Type
Stand Alone Second

Map

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 Type Sale Price Title Company
Warranty Deed $150,000 Saddle Creek Title
Special Warranty Deed $30,297 Premium Title Services
Warranty Deed $42,024 None Available
Warranty Deed $50,000 West Tennessee Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 New Conventional
Previous Owner $52,000 Unknown
Previous Owner $45,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $550,000 0.0% $240 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $549,900 +1715.0% $240 / Sq Ft
08/27/2020 08/27/20 Sold $30,297 +11.0% $16 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $27,300 -9.9% $15 / Sq Ft
07/07/2020 07/07/20 Off Market $30,297 -- --
07/07/2020 07/07/20 Pending -- -- --
06/18/2020 06/18/20 Price Changed $27,300 -4.9% $15 / Sq Ft
05/26/2020 05/26/20 For Sale $28,700 -- $15 / Sq Ft
Source: Memphis Area Association of REALTORS®

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
2024 $359 $10,600 $920 $9,680
2023 $646 $10,600 $920 $9,680
2022 $646 $10,600 $920 $9,680
2021 $653 $10,600 $920 $9,680
2020 $609 $19,040 $920 $18,120
2019 $609 $19,040 $920 $18,120
2018 $609 $19,040 $920 $18,120
2017 $623 $19,040 $920 $18,120
2016 $897 $20,520 $0 $0
2014 $897 $20,520 $0 $0
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10172043

Memphis Area Association of REALTORS®

APN: 02-7036-0-0024

Tennessee Shelby County Memphis 38107 North Memphis

836 Chelsea Ave, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 836 Chelsea Ave, Memphis, TN 38107 and is currently priced at $550,000, approximately $240 per square foot. This property was built in 1929. 836 Chelsea Ave is a home located in Shelby County with nearby schools including Manassas High School, Memphis Scholars Caldwell-Guthrie, and Perea Elementary School.

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