NOT LISTED FOR SALE

924 Forrest Ave Memphis, TN 38105

Crosstown Neighborhood

Estimated Value: $206,000 - $252,000

5 Beds
2 Baths
1,800-1,999 Sq Ft
$115/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $85,000 $43 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $1,328/month

132 Days on Market

Highlights

  • Traditional Architecture
  • Brick Veneer
  • Partially Carpeted
  • Separate Formal Living Room
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of May 2022

Community investors, this is the one you have been waiting on! Wonderful property waiting for the right owner! This is an opportunity to invest and help to revitalize this community! Schedule your showing today! Other properties for sale-1010 Forrest Ave., 997 JW Williams Ln.; Vacant Lots - 981 JW Williams, 914 Forrest Ave, 1098 Forrest Ave., 914 Galloway, and 828 N. Pkwy.

Last Agent to Sell the Property

Chelena Allen

BenchMark REALTORS, LLC License #335201 Listed on: 11/18/2021

Last Buyer's Agent

Tara Bradley

Crye-Leike, Inc., REALTORS License #313089

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,900 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Partially Carpeted

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Galloway Park Blk 9 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021121 00038

Home Details

Home Type

Single Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: GALLOWAY PARK BLK 9
  • List Price Per Sq Ft: 45
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1900
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 5
  • Bedrooms Down: 5
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room

Exterior Features

  • Misc Exterior: Sidewalks
  • Exterior Windows: Brick Veneer

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 23
  • Acreage: 0.14
  • Lot Size: 50X125

Tax Info

  • Assessor Parcel Number: 021121 00038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
May 17, 2022
Sold by
Center Memphis Properties Llc
Bought by
Phillips Maureen
Seller's Agent
Chelena Allen
BenchMark REALTORS, LLC
Buyer's Agent
Tara Bradley
Crye-Leike, Inc., REALTORS
List Price
$85,000
Sold Price
$85,000
Current Estimated Value
$229,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,392
Avg. Annual Appreciation
31.55%
Original Mortgage
$228,000
Outstanding Balance
$216,692
Interest Rate
5.3%
Mortgage Type
Balloon
Estimated Equity
$12,700

Purchase Details

Closed on
Apr 12, 2016
Sold by
County Of Shelby
Bought by
Center Memphis Properties

Purchase Details

Closed on
Jul 10, 2008
Sold by
Us Bank Na
Bought by
Salvage R W

Purchase Details

Closed on
Feb 22, 2008
Sold by
Morgan Athena
Bought by
Us Bank Na and Lehman Brothers Structured Asset Securit

Purchase Details

Closed on
Jun 21, 2007
Sold by
Burnett M C
Bought by
Morgan Athena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2007
Sold by
Burnett Chester
Bought by
Burnett M C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phillips Maureen $85,000 Regency Title & Escrow
Center Memphis Properties $6,600 None Available
Salvage R W $15,000 Edco Title & Closing Service
Us Bank Na $44,625 None Available
Morgan Athena $75,000 Verified Title & Escrow
Burnett M C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Maureen $228,000
Previous Owner Morgan Athena $71,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2022 05/23/22 Sold $85,000 0.0% $47 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
11/18/2021 11/18/21 For Sale $85,000 -- $47 / 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 $1,548 $58,975 $4,500 $54,475
2024 $1,022 $45,675 $1,125 $44,550
2023 $1,467 $16,450 $1,125 $15,325
2022 $300 $4,925 $1,125 $3,800
2021 $170 $4,925 $1,125 $3,800
2020 $257 $3,550 $1,125 $2,425
2019 $113 $3,550 $1,125 $2,425
2018 $113 $3,550 $1,125 $2,425
2017 $250 $7,650 $1,125 $6,525
2016 $418 $0 $0 $0
2014 $418 $9,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chelena Allen

    Seller's Agent in 2022

    Chelena Allen

    BenchMark REALTORS, LLC

    (901) 338-9608

    3 in this area

    101 Total Sales

    Chelena Allen
    Section Image
  • Tara Bradley

    Buyer's Agent in 2022

    Tara Bradley

    Crye-Leike

    (901) 652-2281

    1 in this area

    58 Total Sales

    Tara Bradley
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10112965

Memphis Area Association of REALTORS®

APN: 02-1121-0-0038

Tennessee Shelby County Memphis 38105 Crosstown

924 Forrest Ave, Memphis, TN

Not Listed for Sale

Detached

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