See Home Value
$340,470*
House - Off Market

1023 FORREST

Memphis, TN 38105
bedrooms
4 Beds
bathrooms
2 Baths
$306,000 - $372,000
Reference Base Price*
0.17%
Since Jul 1, 2023
National-US
Primary Model
Sold Jul 03, 2023
$315,000
$236,250 by Rocket Mortgage Llc
Mortgage Due Jul 01, 2053
Sold Apr 18, 2022
$135,000
Buyer
Seller
$175,470 by Genesis Capital Llc
Mortgage Due Nov 01, 2022

About This Property

FULLY renovated 4 bed, 2 bath home full of character & charm* You don't want to miss out on this beauty located between Uptown and Crosstown! From the studs in, everything in this home is brand new and up to code: plumbing, electrical, heating & air units, hot water tank, new roof, new windows, new floors throughout, granite countertops, new fixtures, fresh paint, new kitchen appliances.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$893
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Jul 3, 2023 Sold to Jennifer Williams, Steven W... $315,000
Sold to Jennifer Williams, Steven W...
Jun 28, 2023 No longer available -
No longer available
May 9, 2023 In contract -
In contract
Apr 16, 2023 Price Decreased $339,900
↓ $20K (5.6%)
Price Decreased
Mar 6, 2023 Listed $359,900
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Bungalow
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 591
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,987
  • Gross Building Area: 2,987
  • Building Area: 2,987
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,987
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPEEDWAY TERRACE
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS FORREST COR DECATUR SE

Ownership

  • Current Owner : WILLIAMS STEVEN
  • Current Owner 2: WILLIAMS JENNIFER
  • Previous Owner : GENENT LLC
  • Owner Before Previous Owner: TARIA REESE
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002400

Zoning

  • Zoning: RU-3

Geography

  • Assessors Map Reference: MB 6-111
  • District: O
  • Parcel: 02-0083-0-0001
  • Block: E
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.1531
  • Longitude: -90.0251

    Address

  • Full Address: 1023 Forrest Ave
  • Address - House Number: 1023
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C053
  • 4-Digit Zip Code: 2406
  • Zip Code: 38105

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,344
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 348,169
  • High Value: 432,314
  • Low Value: 264,025

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $236,250
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 03, 2023
  • First Open Lien Mortgage Loan Amount: $236,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $219,600
  • Market Land Value: $4,500
  • Market Improvement Value: $215,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,900
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $53,775

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jul 03, 2023
  • Current Sale Transaction ID: 11908776257
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 54422
  • Previous Sale Recording Date: Apr 18, 2022
  • Previous Sale Contract Date: Apr 08, 2022
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 03, 2023
  • First Mortgage Loan Amount: $236,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: GENESIS CAPITAL LLC
  • Previous Mortgage Transaction Date: Apr 18, 2022
  • Previous Mortgage Loan Amount: $175,470
  • Previous Mortgage Term: 6
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Nov 01, 2022



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
-
$369,000 Mar 21, 2023
-
-
Multifamily
4 Beds
2 Baths
-
$330,000 Apr 22, 2023
-
$136/mo
House
3 Beds
2 Baths
-
$285,000 Oct 28, 2022
-
$643/mo
House
3 Beds
2 Baths
-
$284,900 Apr 13, 2023
-
$143/mo
House
6 Beds
3 Baths
-
$330,000 Dec 16, 2022
-
-
House
2 Beds
2 Baths
-
$284,900 Mar 22, 2023
-
$91/mo

About North Memphis


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Frequently Asked Questions

When was property at 1023 Forrest Avenue built and last sold?
The property at 1023 Forrest Avenue was built in 1920 and last sold on Jun 23, 2023 for $315,000.
How much is this home worth?
The estimated value of the home located at 1023 Forrest Avenue is $343,299.
What are some comparable homes to 1023 Forrest Avenue?
Homes that are comparable to 1023 Forrest Avenue include a house property at 940 Faxon Avenue, a multifamily property at 1311 Snowden Avenue, a house property at 941 Forrest Avenue.

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