940 Forrest Ave Memphis, TN 38105
Crosstown Neighborhood
3
Beds
1.5
Baths
1,551
Sq Ft
6,098
Sq Ft Lot
Highlights
- Traditional Architecture
- Some Wood Windows
- Patio
- Wood Flooring
- Porch
- Central Heating and Cooling System
About This Home
As of September 2021Wonderful home in Midtown area with inviting front porch, wonderful wood floors, large den, gas cooking, dishwasher, and dining area and big kitchen being offered at a great price. Excellent opportunity and nice floor plan with true master bedroom. Large backyard and big basement as well. Home is in good condition and should qualify for all types of financing. Wonderful incentives are available through several banks & mortgage programs. Excellent opportunity for an owner occupant or investor.
Last Agent to Sell the Property
Crye-Leike, Inc., REALTORS License #296080 Listed on: 05/01/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,171
Year Built
- Built in 1920
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50 x 125
- Few Trees
Parking
- Driveway
Home Design
- Traditional Architecture
Interior Spaces
- 1,551 Sq Ft Home
- 1-Story Property
- Some Wood Windows
- Combination Dining and Living Room
- Wood Flooring
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Outdoor Features
- Patio
- Porch
Utilities
- Central Heating and Cooling System
Community Details
- Galloway Park Blk 9 Subdivision
Listing and Financial Details
- Assessor Parcel Number 021121 00035
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2021
Closed on
Sep 14, 2021
Sold by
Mas Properties K Inc
Bought by
Hughes Brianna
Seller's Agent
Matt Wallace
REMAX Experts
Buyer's Agent
Gena Banks
The Home Partners Realty
List Price
$300,000
Sold Price
$300,000
Total Days on Market
63
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,057
Avg. Annual Appreciation
-3.90%
Original Mortgage
$294,566
Outstanding Balance
$270,938
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
-$11,995
Purchase Details
Closed on
Dec 2, 2020
Sold by
Feyrer Jess E
Bought by
Mas Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
May 1, 2019
Closed on
Jul 15, 2019
Sold by
Locally Built Wealth Llc
Bought by
Feyrer Jess
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$84,900
Sold Price
$80,500
Premium/Discount to List
-$4,400
-5.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.02%
Purchase Details
Closed on
Mar 25, 2015
Sold by
Investments Inc
Bought by
Locally Built Wealth Llc
Purchase Details
Closed on
Jul 22, 1988
Sold by
Houston Luther
Bought by
Investments Inc
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | Saddle Creek Title Llc | |
| Warranty Deed | $68,000 | Saddle Creek Title Llc | |
| Warranty Deed | $80,500 | Memphis Title Company | |
| Warranty Deed | $10,000 | Preferred Title & Escrow Llc | |
| Trustee Deed | $4,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $294,566 | FHA | |
| Previous Owner | $128,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $31,324 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2021 09/15/21 | Sold | $300,000 | +5.3% | $150 / Sq Ft |
| 09/03/2021 09/03/21 | Pending | -- | -- | -- |
| 08/10/2021 08/10/21 | Price Changed | $285,000 | -5.0% | $143 / Sq Ft |
| 08/04/2021 08/04/21 | For Sale | $300,000 | +272.7% | $150 / Sq Ft |
| 07/16/2019 07/16/19 | Sold | $80,500 | -5.2% | $52 / Sq Ft |
| 07/03/2019 07/03/19 | Pending | -- | -- | -- |
| 06/13/2019 06/13/19 | For Sale | $84,900 | 0.0% | $55 / Sq Ft |
| 06/06/2019 06/06/19 | Pending | -- | -- | -- |
| 05/16/2019 05/16/19 | For Sale | $84,900 | 0.0% | $55 / Sq Ft |
| 05/06/2019 05/06/19 | Pending | -- | -- | -- |
| 05/01/2019 05/01/19 | For Sale | $84,900 | -- | $55 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $1,171 | $34,550 | $1,125 | $33,425 |
| 2023 | $2,105 | $34,550 | $1,125 | $33,425 |
| 2022 | $2,105 | $34,550 | $1,125 | $33,425 |
| 2021 | $1,119 | $15,450 | $1,125 | $14,325 |
| 2020 | $316 | $9,875 | $1,125 | $8,750 |
| 2019 | $316 | $9,875 | $1,125 | $8,750 |
| 2018 | $316 | $9,875 | $1,125 | $8,750 |
| 2017 | $323 | $9,875 | $1,125 | $8,750 |
| 2016 | $394 | $9,025 | $0 | $0 |
| 2014 | $394 | $9,025 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Wallace
Seller's Agent in 2021
Matt Wallace
RE/MAX
(901) 800-9406
4 in this area
138 Total Sales
-
Gena Banks
Buyer's Agent in 2021
Gena Banks
The Home Partners Realty
(901) 598-0133
1 in this area
19 Total Sales
-
Tyler Tapley
Seller's Agent in 2019
Tyler Tapley
Crye-Leike, Inc., REALTORS
(901) 871-1290
7 in this area
1,264 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10051584
APN: 02-1121-0-0035
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