See Home Value
$48,694*
Land - Off Market

1155 FORREST

Memphis, TN 38105
bedrooms
Studio
bathrooms
0 Bath
$40,000 - $50,000
Reference Base Price*
-0.62%
Since Oct 1, 2023
National-US
Primary Model
Sold Jan 22, 2024
$70,000
$228,289 by Guaranty Bank & Trust Company
Mortgage Due Jan 12, 2029
Sold Sep 27, 2023
$70,000

About This Property

Location! Location! Great Opportunity to Own 2 Lots Zoned RU-3 in Highly Desirable Crosstown Concourse Neighborhood in Midtown Memphis! 1155 & 1162 Forrest Ave to be sold as package $49,000 for each lot - What's RU-3? RU-3 will allow you to build Single-Family, Single Family with Guest House, Multi Unit, Duplex or Townhome! See Pics for more Information! This Location is Steps from Crosstown Concourse & Minutes from Downtown Memphis, Overton Park, Zoo, Restaurants & Entertainment!
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$23
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jan 22, 2024 Sold $70,000
Sold
Sep 27, 2023 Sold to Treasures Llc Inkan $70,000
Sold to Treasures Llc Inkan
Sep 26, 2023 No longer available -
No longer available
Aug 16, 2023 Listed $49,000
Listed

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,750
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 450
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: SPEEDWAY TERRACE
  • Land Acres: 0.155
  • Standard Land Use Code: Vacant land (general)
  • Legal Description 1: SS FORREST

Ownership

  • Current Owner : INKAN FORREST FUND LLC
  • Previous Owner : SOMES JOSHUA M
  • Previous Owner 2: SOMES DEIDRE L
  • Owner Before Previous Owner: SOMES JOSH
  • Owner Before Previous Owner 2: BRADY DEIDRE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002500

Zoning

  • Zoning: RU-3

Geography

  • Assessors Map Reference: MB 6-111
  • District: O
  • Parcel: 02-0098-0-0010
  • Lot: 13
  • Municipality: MEMPHIS
  • Latitude: 35.1527
  • Longitude: -90.0208

    Address

  • Full Address: 1155 Forrest Ave
  • Address - House Number: 1155
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C011
  • 4-Digit Zip Code: 2522
  • Zip Code: 38105

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $280
  • Intital Tax Deliquent Year: 2019

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $228,289
  • First Open Lien Mortgage Lender: GUARANTY BANK & TRUST COMPANY
  • First Open Lien Mortgage Recording Date: Jan 22, 2024
  • First Open Lien Mortgage Loan Amount: $228,289
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jan 12, 2029

    Market Valuation

  • Market Total Value: $18,400
  • Market Land Value: $18,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,600
  • Assessed Land Value: $4,600

    Sales

  • Current Sale Contract Date: Jan 12, 2024
  • Current Sale Recording Date: Jan 22, 2024
  • Current Sale Transaction ID: 11919603615
  • Current Sale Price: $70,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5217
  • Previous Sale Recording Date: Sep 27, 2023
  • Previous Sale Contract Date: Sep 12, 2023
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Contract of Sale

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTY BANK & TRUST COMPANY
  • First Mortgage Transaction Date: Jan 22, 2024
  • First Mortgage Loan Amount: $228,289
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 12, 2029



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$49,999 Mar 10, 2024
-
$45/mo

About North Memphis


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Frequently Asked Questions

When was property at 1155 Forrest Avenue built and last sold?
The property at 1155 Forrest Avenue was built in and last sold on Jan 12, 2024 for $70,000.
How much is this home worth?
The estimated value of the home located at 1155 Forrest Avenue is $49,490.
What are some comparable homes to 1155 Forrest Avenue?
There are currently no comparable homes to 1155 Forrest Avenue.

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