See Home Value
$130,000 - $158,000
House - Off Market

1003 BRUCE

Memphis, TN 38104
bedrooms
2 Beds
bathrooms
1 Bath
Sold Dec 10, 2014
$46,000
$448,000 by Iberiabank
Mortgage Due Nov 02, 2046
Sold Mar 11, 1998
$29,000
$29,650 by First South Credit Union
Mortgage Due Apr 01, 2028

About This Property

Rare opportunity in sought after Cooper Young area.  This 2 bed, one bath house is currently rented for $1075 per month.  The house can be kept as a rental, used as owner occupied space, or renovated and expanding to go along with many of the other homes in the area.  Current tenant lease runs through August 31 and showings will require 24 hour notice.  Contact agent for more information, financials, and lease information.  Please do not disturb tenants!
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$204
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Apr 24, 2024 No longer available -
No longer available
Feb 19, 2024 Price Decreased $144,900
↓ $10K (6.5%)
Price Decreased
Jan 30, 2024 Listed $154,900
Listed

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Bungalow
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 886
  • Gross Building Area: 886
  • Building Area: 886
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 886
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MT ARLINGTON S/D
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS BRUCE

Ownership

  • Current Owner : ESS INVESTMENTS LLC
  • Previous Owner : LENHART SCOTT
  • Owner Before Previous Owner: KING DOSSIE S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006600

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 2-116
  • District: O
  • Parcel: 02-9024-0-0014
  • Block: C
  • Lot: 19&20
  • Municipality: MEMPHIS
  • Latitude: 35.1182
  • Longitude: -89.9858

    Address

  • Full Address: 1003 Bruce St
  • Address - House Number: 1003
  • Address - Street Name: Bruce
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C062
  • 4-Digit Zip Code: 5807
  • Zip Code: 38104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,453
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.4541
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 9
  • Final Value: 435,589
  • High Value: 633,432
  • Low Value: 237,745

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $448,000
  • First Open Lien Mortgage Lender: IBERIABANK
  • First Open Lien Mortgage Recording Date: Nov 02, 2016
  • First Open Lien Mortgage Loan Amount: $448,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Nov 02, 2046

    Market Valuation

  • Market Total Value: $161,100
  • Market Land Value: $33,800
  • Market Improvement Value: $127,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,275
  • Assessed Land Value: $8,450
  • Assessed Improvements Value: $31,825

    Sales

  • Current Sale Contract Date: Dec 04, 2014
  • Current Sale Recording Date: Dec 10, 2014
  • Current Sale Transaction ID: 1176849120
  • Current Sale Price: $46,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14124329
  • Previous Sale Recording Date: Mar 11, 1998
  • Previous Sale Contract Date: Mar 04, 1998
  • Previous Sale Amount: $29,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: IBERIABANK
  • First Mortgage Transaction Date: Dec 10, 2014
  • First Mortgage Loan Amount: $38,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SOUTH CREDIT UNION
  • Previous Mortgage Transaction Date: Mar 11, 1998
  • Previous Mortgage Loan Amount: $29,650
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2028



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
-
$139,000 Aug 18, 2023
-
$67/mo
House
3 Beds
2 Baths
-
$125,000 Aug 3, 2023
-
$235/mo
Land
Loft
-
-
$149,999 Oct 26, 2022
-
$490/mo

About Depot Planning District


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Frequently Asked Questions

When was property at 1003 Bruce Street built and last sold?
The property at 1003 Bruce Street was built in 1920 and last sold on Dec 4, 2014 for $46,000.
How much is this home worth?
The estimated value of the home located at 1003 Bruce Street is $146,349.
What are some comparable homes to 1003 Bruce Street?
Homes that are comparable to 1003 Bruce Street include a house property at 1951 East McLemore Avenue, 1227 Garfield Street, 883 South Barksdale Street.

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