NOT LISTED FOR SALE

863 E Person Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $74,000 - $118,000

3 Beds
1 Bath
1,274 Sq Ft
$76/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $11,500 $9 Per Sq Ft

Est. 741% increase in value since last sale

Current estimated payment $558/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Level Lot
  • Wood Flooring
  • Dining Room
  • 1-Story Property

About This Home

As of May 2021

Home is vacant and wide open, easy to show. No blind offers or contingencies, do your due diligence. Brick home needs lots of work but good bones and ready to sell! Homes are being rehabbed throughout the area, great for experienced or first time investor. Owner/agent call for more information.

Last Agent to Sell the Property

Frank Malvezzi

CB Properties of Memphis, LLC License #264358 Listed on: 03/04/2021

Last Buyer's Agent

Robert Vaughn

The Carter Group LLC, REALTORS License #233832

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $376

Year Built

  • Built in 1938

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,274 Sq Ft Home
  • 1-Story Property
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Community Details

  • Oklahoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034063 00046

Home Details

Home Type

Single Family

Est. Annual Taxes

$376

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747E
  • MAAR Subdivision Name: OKLAHOMA
  • List Price Per Sq Ft: 10
  • Number Of Stories: 1
  • Price Per Sq Ft: 9.03
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1274
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Dining Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Lot Info

  • Lot Description: Level
  • Lot Number: 19
  • Acreage: 0.14
  • Lot Size: 6250 SF 50 X 125
  • Price Per Acre: 89286

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 034063 00046

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2024
Sold by
First Premier Properties Llc
Bought by
Almonte Aleudy
Current Estimated Value
$96,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Outstanding Balance
$77,536
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$19,194

Purchase Details

Listed on
Mar 4, 2021
Closed on
Apr 29, 2021
Sold by
Pmw Properties Llc
Bought by
First Premier Properties Llc
Seller's Agent
Frank Malvezzi
CB Properties of Memphis, LLC
Buyer's Agent
Robert Vaughn
The Carter Group LLC, REALTORS
List Price
$12,500
Sold Price
$11,500
Premium/Discount to List
-$1,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.09%
Original Mortgage
$41,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2021
Sold by
Coleman Timothy
Bought by
Pmw Properties Llc

Purchase Details

Closed on
Jan 26, 2000
Sold by
Kebede Fasil
Bought by
Coleman Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
8.02%

Purchase Details

Closed on
Jul 15, 1999
Sold by
Pemberton Jonathan and Dykes James
Bought by
Kebede Fasil

Purchase Details

Closed on
Jan 12, 1998
Sold by
First Money Center
Bought by
Pemberton Jonathan and Dykes James

Purchase Details

Closed on
Dec 29, 1997
Sold by
Thomas Joe N and Burrow Cornelia
Bought by
First Money Center
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
Almonte Aleudy $105,000 Nexus Title & Escrow
First Premier Properties Llc $11,500 Delta Title Services
Pmw Properties Llc $7,158 Closetrak Llc
Coleman Timothy $55,000 --
Kebede Fasil $3,700 Tri State Title & Escrow Inc
Pemberton Jonathan $10,000 --
First Money Center $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almonte Aleudy $78,750
Previous Owner First Premier Properties Llc $41,500
Previous Owner Coleman Timothy $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2021 05/03/21 Sold $11,500 -8.0% $9 / Sq Ft
04/27/2021 04/27/21 For Sale $12,500 0.0% $10 / Sq Ft
04/27/2021 04/27/21 Price Changed $12,500 -19.4% $10 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/13/2021 03/13/21 Price Changed $15,500 -11.4% $12 / Sq Ft
03/04/2021 03/04/21 For Sale $17,500 -- $14 / 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 $376 $25,950 $2,000 $23,950
2024 $376 $11,100 $1,000 $10,100
2023 $676 $11,100 $1,000 $10,100
2022 $676 $11,100 $1,000 $10,100
2021 $383 $11,100 $1,000 $10,100
2020 $623 $8,600 $1,000 $7,600
2019 $275 $8,600 $1,000 $7,600
2018 $275 $8,600 $1,000 $7,600
2017 $281 $8,600 $1,000 $7,600
2016 $393 $9,000 $0 $0
2014 $393 $9,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Frank Malvezzi

    Seller's Agent in 2021

    Frank Malvezzi

    CB Properties of Memphis, LLC

    (901) 619-4145

    1 in this area

    88 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    Robert Vaughn

    The Carter Group LLC, REALTORS

    (901) 652-4634

    2 in this area

    22 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10094426

Memphis Area Association of REALTORS®

APN: 03-4063-0-0046

Tennessee Shelby County Memphis 38106 South Memphis

863 E Person Ave, Memphis, TN

This home is located at 863 E Person Ave, Memphis, TN 38106 since 04 March 2021 and is currently estimated at $96,730, approximately $75 per square foot. This property was built in 1938. 863 E Person Ave is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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