NOT LISTED FOR SALE

940 Galloway Ave Memphis, TN 38105

Crosstown Neighborhood

Estimated Value: $227,000 - $380,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$200/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $15,000 $11 Per Sq Ft

Est. 1,422% increase in value since last sale

Current estimated payment $1,376/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Dining Room
  • Wood Flooring
  • Eat-In Kitchen
  • Level Lot

About This Home

As of August 2018

This property is located near Overton Park/Memphis Zoo. Just minutes from Downtown Memphis, Beale Street Entertainment and the FedEx Forum, Le Bonheur Children's Hospital, Regional Medical Center at Memphis. ... This home does require repair. Being sold "AS IS"

Last Agent to Sell the Property

Stanley Echols

Crye-Leike, Inc., REALTORS License #255321 Listed on: 08/10/2018

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Nathan Mitchell

Crye-Leike, Inc., REALTORS License #297349

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,588

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Bungalow
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,203 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Wood Flooring
  • Iron Doors
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • Galloway Park Blk 8 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021122 00035

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,588

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional, Bungalow
  • Detached Unit Type: General Residential
  • Cross Street: Decatur
  • MLS Map #: 741E
  • MAAR Subdivision Name: GALLOWAY PARK BLK 8
  • List Price Per Sq Ft: 17
  • Number Of Stories: 1
  • Price Per Sq Ft: 12.47
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1203
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen, Washer/Dryer Connections
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Gas
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 26
  • Acreage: 0.14
  • Lot Size: 50 X 125
  • Price Per Acre: 142857

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 021122 00035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2024
Sold by
Inkan Investors Gp
Bought by
Inkan Builders Llc
Current Estimated Value
$228,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Outstanding Balance
$272,464
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
-$45,886

Purchase Details

Closed on
Jan 31, 2024
Sold by
Butler Property Llc
Bought by
Inkan Investors Gp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2018
Closed on
Aug 1, 2018
Sold by
Linzy Angala
Bought by
Mltchell Nathan
Seller's Agent
Stanley Echols
Crye-Leike, Inc., REALTORS
Buyer's Agent
Nathan Mitchell
Crye-Leike, Inc., REALTORS
List Price
$20,000
Sold Price
$15,000
Premium/Discount to List
-$5,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.88%

Purchase Details

Closed on
Oct 24, 2014
Sold by
Mid South Homebuyers Inc
Bought by
Linzy Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,275
Interest Rate
4.26%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 15, 2014
Sold by
Bcp Properties
Bought by
Mid South Homebuyers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,275
Interest Rate
4.26%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 27, 2013
Sold by
Kermick Robert D and Kermick Claire M
Bought by
Mitchell Nathan

Purchase Details

Closed on
Nov 17, 1997
Sold by
Young Herman K and Young Lorraine
Bought by
Bcp Properties

Purchase Details

Closed on
Oct 17, 1994
Bought by
Young Herman K and Young Lorraine
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
Inkan Builders Llc -- None Listed On Document
Inkan Investors Gp $145,000 None Listed On Document
Mltchell Nathan $15,000 Realty Title
Linzy Angela $13,200 Saddle Creek Title Llc
Mid South Homebuyers Inc $11,200 Realty Title
Mitchell Nathan -- None Available
Bcp Properties $36,000 --
Young Herman K $36,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkan Builders Llc $281,250
Previous Owner Inkan Investors Gp $235,000
Previous Owner Linzy Angela $15,275
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $15,000 -25.0% $13 / Sq Ft
08/10/2018 08/10/18 For Sale $20,000 -- $17 / 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 $1,588 $80,850 $4,500 $76,350
2024 $38 $12,900 $1,125 $11,775
2023 $69 $1,125 $1,125 $0
2022 $69 $1,125 $1,125 $0
2021 $69 $1,125 $1,125 $0
2020 $82 $1,125 $1,125 $0
2019 $245 $7,650 $1,125 $6,525
2018 $245 $7,650 $1,125 $6,525
2017 $250 $7,650 $1,125 $6,525
2016 $334 $7,650 $0 $0
2014 $334 $7,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stanley Echols

    Seller's Agent in 2018

    Stanley Echols

    Crye-Leike

    (901) 497-0269

    20 Total Sales

    Section Image

  • N

    Buyer's Agent in 2018

    Nathan Mitchell

    Crye-Leike

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10034010

Memphis Area Association of REALTORS®

APN: 02-1122-0-0035

Tennessee Shelby County Memphis 38105 Crosstown

940 Galloway Ave, Memphis, TN

This home is located at 940 Galloway Ave, Memphis, TN 38105 since 10 August 2018 and is currently estimated at $279,500, approximately $199 per square foot. This property was built in 1920. 940 Galloway Ave is a home located in Shelby County with nearby schools including Bruce Elementary School, Manassas High School, and Memphis Scholars Caldwell-Guthrie.

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