NOT LISTED FOR SALE

990 University St Memphis, TN 38107

Hyde Park Neighborhood

Estimated Value: $135,000 - $197,000

2 Beds
2 Baths
2,709 Sq Ft
$59/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $70,000 $26 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $950/month

98 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Central Heating and Cooling System
  • Some Wood Windows
  • Landscaped
  • Wall to Wall Carpet

About This Home

As of October 2020

Attention investors! Great investment property to add to portfolio. This duplex townhouse needs total rehab. Great bones and structure in a great location in hot midtown area. This one will not last long. Property can be packaged with 990-992 for a great deal. Run the numbers, a solid investment. Make your offer contingent on inspection. Please do not disturb the neighbors. Market rent between $600 - $800 per month in this area of town.

Last Agent to Sell the Property

Craig Best

Crye-Leike, Inc., REALTORS License #355175 Listed on: 07/06/2020

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Michael Valenza

eXp Realty, LLC License #352076

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $923

Year Built

  • Built in 1967

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60 x 125
  • Landscaped

Home Design

  • Traditional Architecture
  • Split Level Home

Interior Spaces

  • 2,709 Sq Ft Home
  • 2-Story Property
  • Some Wood Windows
  • Wall to Wall Carpet
  • Eat-In Kitchen

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Vollintine Evergreen Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041034 00149

Home Details

Home Type

Single Family

Est. Annual Taxes

$923

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional, Split Level
  • MLS Map #: 742D
  • MAAR Subdivision Name: VOLLINTINE EVERGREEN
  • Freestanding: Yes
  • List Price Per Sq Ft: 33
  • Number Of Stories: 2
  • Price Per Sq Ft: 25.84
  • Estimated Sq Ft: 2709
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Wall to Wall Carpet

Exterior Features

  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Gas

Lot Info

  • Lot Description: Landscaped
  • Lot Number: 22
  • Acreage: 0.17
  • Lot Size: 60 X 125
  • Price Per Acre: 529412

Rental Info

  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 041034 00149

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2021
Sold by
Tuazon Josef
Bought by
University Street Properties Llc
Current Estimated Value
$160,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,500
Outstanding Balance
$143,086
Interest Rate
2.99%
Mortgage Type
Commercial
Estimated Equity
$19,363

Purchase Details

Listed on
Jul 6, 2020
Closed on
Oct 8, 2020
Sold by
Sulmera Georges
Bought by
Tuazon Josef
Seller's Agent
Craig Best
Crye-Leike, Inc., REALTORS
Buyer's Agent
Michael Valenza
eXp Realty, LLC
List Price
$90,000
Sold Price
$70,000
Premium/Discount to List
-$20,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.87%
Original Mortgage
$97,900
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 10, 2018
Closed on
Apr 15, 2019
Sold by
Stein Michael E and Stein Esther V
Bought by
Sulmers Georges
Seller's Agent
Shelly Garg
eXp Realty, LLC
Buyer's Agent
James Forlines
Sowell, Realtors
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.50%
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
University Street Properties Llc -- Edco Ttl & Closing Svcs Inc
Tuazon Josef $70,000 Realty Title
Sulmers Georges $75,000 Tri Star Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open University Street Properties Llc $155,500
Previous Owner Tuazon Josef $97,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2020 10/14/20 Sold $70,000 -22.2% $26 / Sq Ft
07/06/2020 07/06/20 For Sale $90,000 +20.0% $33 / Sq Ft
04/15/2019 04/15/19 Sold $75,000 -11.8% $31 / Sq Ft
10/10/2018 10/10/18 For Sale $85,000 -- $35 / 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 $923 $49,680 $5,400 $44,280
2024 $923 $27,240 $2,000 $25,240
2023 $1,659 $27,240 $2,000 $25,240
2022 $1,659 $27,240 $2,000 $25,240
2021 $1,972 $27,240 $2,000 $25,240
2020 $387 $12,120 $2,000 $10,120
2019 $387 $12,120 $2,000 $10,120
2018 $387 $12,120 $2,000 $10,120
2017 $397 $12,120 $2,000 $10,120
2016 $472 $10,800 $0 $0
2014 $612 $14,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Craig Best

    Crye-Leike

    Section Image
  • Michael Valenza

    Buyer's Agent in 2020

    Michael Valenza

    eXp Realty, LLC

    (901) 335-7878

    3 in this area

    62 Total Sales

    Michael Valenza
    Section Image

  • S

    Seller's Agent in 2019

    Shelly Garg

    eXp Realty, LLC

  • J

    Buyer's Agent in 2019

    James Forlines

    Sowell, Realtors

    (901) 515-6950

    17 Total Sales

    James Forlines
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10080078

Memphis Area Association of REALTORS®

APN: 04-1034-0-0149

Tennessee Shelby County Memphis 38107 Hyde Park

990 University St, Memphis, TN

This home is located at 990 University St, Memphis, TN 38107 since 06 July 2020 and is currently estimated at $160,183, approximately $59 per square foot. This property was built in 1967. 990 University St is a home located in Shelby County with nearby schools including Snowden School, Manassas High School, and Perea Elementary School.

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