965 Faxon Ave Memphis, TN 38105
Crosstown Neighborhood
4
Beds
2
Baths
1,862
Sq Ft
5,663
Sq Ft Lot
Highlights
- Traditional Architecture
- Some Wood Windows
- Level Lot
- Great Room
- Eat-In Kitchen
About This Home
As of April 2024Attention Investors: What an opportunity to own this brick duplex w/4 bedrms, 2 bath, liv & family rm! Think of owning a property in this area at current price & converting it to a property worth hundreds, whether keeping as a duplex or potentially converting to a single family home. Property needs a lot of work; BUT, check out a recent residential new build very near that sold in the $360's-see the potential? AS IS, Cash Only-no contingencies & no blind offers; please do your home work!
Last Agent to Sell the Property
Lawrence Johnson, REALTORS License #225170 Listed on: 07/06/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $708
Year Built
- Built in 1920
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 50x119
- Level Lot
Parking
- Driveway
Home Design
- Traditional Architecture
Interior Spaces
- 1,862 Sq Ft Home
- 1.2-Story Property
- Some Wood Windows
- Great Room
- Eat-In Kitchen
Utilities
- Window Unit Cooling System
- Electric Water Heater
Community Details
- Galloway Park Blk 10 Subdivision
Listing and Financial Details
- Assessor Parcel Number 021017 00011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2023
Closed on
Apr 2, 2024
Sold by
Mma Investments Llc
Bought by
Rico Jefferson and Rico Kristen Jefferson
Seller's Agent
Mario Jaramillo
REMAX Experts
Buyer's Agent
Jennifer Clark
KAIZEN Realty, LLC
List Price
$300,000
Sold Price
$255,000
Premium/Discount to List
-$45,000
-15%
Views
243
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
-$39,029
Avg. Annual Appreciation
-2.02%
Original Mortgage
$255,000
Outstanding Balance
$250,127
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
-$1,657
Purchase Details
Listed on
Jul 6, 2023
Closed on
Jul 28, 2023
Sold by
Townsend Velma Mitchell
Bought by
M M A Investments Llc
Seller's Agent
Tjuania Redmond
Lawrence Johnson, REALTORS
Buyer's Agent
Tjuania Redmond
Lawrence Johnson, REALTORS
List Price
$79,500
Sold Price
$50,000
Premium/Discount to List
-$29,500
-37.11%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
925.21%
Original Mortgage
$169,770
Interest Rate
6.81%
Mortgage Type
New Conventional
Similar Homes in Memphis, TN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $255,000 | Southern Trust Title Company | |
| Warranty Deed | $50,000 | Southern Trust Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | VA | |
| Previous Owner | $169,770 | New Conventional | |
| Previous Owner | $50,400 | Unknown | |
| Previous Owner | $45,836 | Unknown | |
| Previous Owner | $36,959 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2024 04/10/24 | Sold | $255,000 | 0.0% | $142 / Sq Ft |
| 02/22/2024 02/22/24 | Price Changed | $255,000 | -3.4% | $142 / Sq Ft |
| 02/15/2024 02/15/24 | Price Changed | $264,000 | -5.4% | $147 / Sq Ft |
| 02/08/2024 02/08/24 | Price Changed | $279,000 | -7.0% | $155 / Sq Ft |
| 02/01/2024 02/01/24 | For Sale | $300,000 | 0.0% | $167 / Sq Ft |
| 02/01/2024 02/01/24 | Price Changed | $300,000 | +17.6% | $167 / Sq Ft |
| 12/26/2023 12/26/23 | Off Market | $255,000 | -- | -- |
| 11/25/2023 11/25/23 | Price Changed | $275,000 | -6.8% | $153 / Sq Ft |
| 10/21/2023 10/21/23 | Price Changed | $295,000 | -1.7% | $164 / Sq Ft |
| 10/17/2023 10/17/23 | For Sale | $300,000 | +500.0% | $167 / Sq Ft |
| 07/28/2023 07/28/23 | Sold | $50,000 | -37.1% | $27 / Sq Ft |
| 07/21/2023 07/21/23 | Pending | -- | -- | -- |
| 07/06/2023 07/06/23 | For Sale | $79,500 | -- | $43 / 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 |
|---|---|---|---|---|
| 2025 | $708 | $63,300 | $4,500 | $58,800 |
| 2024 | $442 | $20,880 | $1,800 | $19,080 |
| 2023 | $795 | $13,050 | $1,125 | $11,925 |
| 2022 | $795 | $13,050 | $1,125 | $11,925 |
| 2021 | $804 | $13,050 | $1,125 | $11,925 |
| 2020 | $915 | $12,625 | $1,125 | $11,500 |
| 2019 | $915 | $12,625 | $1,125 | $11,500 |
| 2018 | $915 | $12,625 | $1,125 | $11,500 |
| 2017 | $519 | $12,625 | $1,125 | $11,500 |
| 2016 | $704 | $16,100 | $0 | $0 |
| 2014 | $704 | $16,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mario Jaramillo
Seller's Agent in 2024
Mario Jaramillo
RE/MAX
(714) 323-0958
1 in this area
56 Total Sales
-
Jennifer Clark
Buyer's Agent in 2024
Jennifer Clark
KAIZEN Realty, LLC
(901) 488-5383
1 in this area
201 Total Sales
-
Tjuania Redmond
Seller's Agent in 2023
Tjuania Redmond
Lawrence Johnson, REALTORS
(901) 606-5929
2 in this area
58 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10151776
APN: 02-1017-0-0011
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