NOT LISTED FOR SALE

985 Marble Ave Memphis, TN 38107

North Memphis Neighborhood

Estimated Value: $76,000 - $111,241

2 Beds
1 Bath
1,775 Sq Ft
$50/Sq Ft Est. Value

Last Sold March 28, 2019

Last sale price $8,500 $5 Per Sq Ft

Est. 948% increase in value since last sale

Current estimated payment $539/month

Highlights

  • Traditional Architecture
  • Heating System Uses Gas
  • 1-Story Property

About This Home

As of March 2019

BRING YOUR BEST CASH OFFER. SOLD AS-IS. Ideal for buy and hold investors, and contractors.

Last Agent to Sell the Property

Karimah Muhammad

Assured Real Estate Services License #334826 Listed on: 05/05/2018

Last Buyer's Agent

April Jones

BEST Real Estate Company License #342730

BEST Real Estate Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1940

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,775 Sq Ft Home
  • 1-Story Property

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Victory Courts Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 021050 00088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$860

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 987
  • MLS Map #: 741B
  • MAAR Subdivision Name: VICTORY COURTS
  • List Price Per Sq Ft: 5
  • Number Of Stories: 1
  • Price Per Sq Ft: 4.79
  • Estimated Sq Ft: 1775
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Miscellaneous Interior: Unknown

Exterior Features

  • Foundation: Slab

Garage/Parking

  • Parking: Street Parking Only

Utilities

  • Heating: Gas, Electric
  • Hot Water: Gas

Lot Info

  • Acreage: 0.1
  • Lot Size: 4528SF50.48X89.85/89.56
  • Price Per Acre: 95000

Rental Info

  • Tenants Pay: All Utilities

Tax Info

  • Assessor Parcel Number: 021050 00088

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2018
Closed on
Mar 28, 2019
Sold by
Everett Community Development
Bought by
Richmond Ronnette
Seller's Agent
Karimah Muhammad
Assured Real Estate Services
Buyer's Agent
April Jones
BEST Real Estate Company
List Price
$18,000
Sold Price
$8,500
Premium/Discount to List
-$9,500
-52.78%
Current Estimated Value
$89,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,560
Avg. Annual Appreciation
42.83%

Purchase Details

Closed on
Apr 24, 2015
Sold by
County Of Shelby
Bought by
Everett Community Development
Source: Public Records

Range of Values:

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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
Richmond Ronnette $8,500 Regency Title & Escrow Llc
Everett Community Development -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2019 03/28/19 Sold $8,500 -10.5% $5 / Sq Ft
08/11/2018 08/11/18 Price Changed $9,500 -47.2% $5 / Sq Ft
05/05/2018 05/05/18 For Sale $18,000 -- $10 / 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 $860 $41,680 $2,280 $39,400
2024 $860 $25,360 $760 $24,600
2023 $1,545 $25,360 $760 $24,600
2022 $1,545 $25,360 $760 $24,600
2021 $357 $5,800 $760 $5,040
2020 $371 $5,120 $760 $4,360
2019 $164 $5,120 $760 $4,360
2018 $164 $5,120 $760 $4,360
2017 $167 $5,120 $760 $4,360
2016 $743 $17,000 $0 $0
2014 $694 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Karimah Muhammad

    Assured Real Estate Services

    Section Image

  • A

    Buyer's Agent in 2019

    April Jones

    BEST Real Estate Company

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10026535

Memphis Area Association of REALTORS®

APN: 02-1050-0-0088

Tennessee Shelby County Memphis 38107 North Memphis

985 Marble Ave, Memphis, TN

This home is located at 985 Marble Ave, Memphis, TN 38107 since 05 May 2018 and is currently estimated at $89,060, approximately $50 per square foot. This property was built in 1940. 985 Marble Ave is a home located in Shelby County with nearby schools including Manassas High School, Memphis Scholars Caldwell-Guthrie, and Perea Elementary School.

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