NOT LISTED FOR SALE

940 Biggs St Memphis, TN 38108

Hyde Park Neighborhood

Estimated Value: $96,000 - $118,000

2 Beds
2 Baths
1,400-1,599 Sq Ft
$68/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $50,000 $31 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $597/month

79 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Porch
  • Wood Flooring
  • 2 Car Detached Garage
  • Central Heating and Cooling System

About This Home

As of June 2019

Good opportunity for an investor or owner occupant. Solid brick single family home that was a duplex that can easily be converted back to a duplex or can have additional bedrooms. This property has so much potential, the home is close to the Memphis Zoo, Rhodes College and Sam Cooper. Offered in the AS-IS condition.

Last Agent to Sell the Property

Randall Garrett

Franchise Realty, LLC License #309803 Listed on: 02/27/2019

Co-Listed By

Chris Mosby

ResiAmerica, Inc. License #282881

Last Buyer's Agent

Barbara Reives

Crye-Leike, Inc., REALTORS License #261509

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $664

Year Built

  • Built in 1942

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x130.2
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,425 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Front Facing Garage

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Overton Park View Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052009 00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$664

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 742D
  • MAAR Subdivision Name: OVERTON PARK VIEW
  • List Price Per Sq Ft: 39
  • Number Of Stories: 1
  • Price Per Sq Ft: 35.09
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1425
  • Year Built: 1942
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Washer/Dryer Connections
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2D
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 55
  • Acreage: 0.14
  • Lot Size: 50X130.2
  • Price Per Acre: 392143

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 052009 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2019
Closed on
May 22, 2019
Sold by
Mill City Mortgage Loan Trust
Bought by
Newborn Re Investments Llc
Seller's Agent
Randall Garrett
Franchise Realty, LLC
Buyer's Agent
Barbara Reives
Crye-Leike, Inc., REALTORS
List Price
$59,900
Sold Price
$50,000
Premium/Discount to List
-$9,900
-16.53%
Current Estimated Value
$98,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,988
Avg. Annual Appreciation
13.23%
Original Mortgage
$67,662
Outstanding Balance
$59,744
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$47,726

Purchase Details

Closed on
Jan 2, 2019
Sold by
Burkins Walter Lou and Burkins Peggy Ann
Bought by
Savings Fund Society Fsb and City Mortgage Loan Trust
Source: Public Records

Range of Values:

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Average Value
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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
Newborn Re Investments Llc $50,000 Title Clearing And Escrow
Savings Fund Society Fsb $30,629 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newborn Re Investments Llc $12,435
Open Newborn Re Investments Llc $67,662
Previous Owner Burkins Walter Lou $72,250
Previous Owner Burkins Walter Lou $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2019 06/13/19 Sold $50,000 -8.9% $36 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
04/10/2019 04/10/19 Price Changed $54,900 -8.3% $39 / Sq Ft
02/27/2019 02/27/19 For Sale $59,900 -- $43 / 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 $664 $28,825 $3,750 $25,075
2024 $664 $19,600 $1,225 $18,375
2023 $1,194 $19,600 $1,225 $18,375
2022 $1,194 $19,600 $1,225 $18,375
2021 $1,419 $19,600 $1,225 $18,375
2020 $1,322 $18,250 $1,225 $17,025
2019 $583 $18,250 $1,225 $17,025
2018 $583 $18,250 $1,225 $17,025
2017 $597 $18,250 $1,225 $17,025
2016 $789 $18,050 $0 $0
2014 $789 $18,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Randall Garrett

    Franchise Realty, LLC

    (901) 502-7548

    1 in this area

    27 Total Sales

    Section Image
  • Chris Mosby

    Seller Co-Listing Agent in 2019

    Chris Mosby

    ResiAmerica, Inc.

    (901) 830-7200

    391 Total Sales

    Section Image

  • B

    Buyer's Agent in 2019

    Barbara Reives

    Crye-Leike

    (901) 828-0176

    1 in this area

    11 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10046891

Memphis Area Association of REALTORS®

APN: 05-2009-0-0020

Tennessee Shelby County Memphis 38108 Hyde Park

940 Biggs St, Memphis, TN

This home is located at 940 Biggs St, Memphis, TN 38108 since 27 February 2019 and is currently estimated at $108,085, approximately $67 per square foot. This property was built in 1942. 940 Biggs St is a home located in Shelby County with nearby schools including Brewster Elementary School, Grandview Heights Middle, and Manassas High School.

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