Check Availability
$95,000
House - For Sale

1159 FORREST

Memphis, TN 38105
bedrooms
3 Beds
bathrooms
2 Baths
$619
Estimated Monthly
$0
HOA / Fees
15.13%
Cap Rate

About This Property

This 3 bedroom, 2 bath home has been gutted and cleared and is the perfect blank slate for your future home or investment! It features new windows, new walkway, new roof, & a new wood privacy fence. This home has such great potential. New construction next door and across the street is sure to boost the value of this home! We have approved building plans and COA approval for work. You will not want to miss this. Estimated renovation cost is $105k for current building plans.
Unit Size
-
Days on Market
6 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1920
Listed By
Last updated: 5 days ago (MAARTN #10171111)

Price History

Date / Event Date Event Price
Apr 27, 2024 Listed by RE/MAX Real Estate Experts $95,000
Listed by RE/MAX Real Estate Experts
Jan 26, 2024 No longer available -
No longer available
Dec 28, 2023 Price Decreased $79,000
↓ $2K (2.5%)
Price Decreased
Dec 28, 2023 Relisted $81,000
Relisted
Dec 7, 2023 In contract -
In contract
Show More

Property Highlights

Fireplace
Interior Details

Fireplace Information

Fireplace
Building Details
New Construction

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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 Shape Type: Hip
  • 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: 6,750
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,777
  • Gross Building Area: 1,777
  • Building Area: 1,777
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,777
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPEEDWAY TERRACE
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 112 SS FORREST

Ownership

  • Current Owner : ITHAKA HOLDINGS LLC
  • Previous Owner : PAYNE SANDRA
  • 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: 02-0098-0-0011
  • Block: F
  • Lot: PT14
  • Municipality: MEMPHIS
  • Latitude: 35.1527
  • Longitude: -90.0207

    Address

  • Full Address: 1159 Forrest Ave
  • Address - House Number: 1159
  • 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: $1,829
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 89
  • Final Value: 77,599
  • High Value: 86,056
  • Low Value: 69,141

    Market Valuation

  • Market Total Value: $120,100
  • Market Land Value: $18,400
  • Market Improvement Value: $101,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,025
  • Assessed Land Value: $4,600
  • Assessed Improvements Value: $25,425

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jul 11, 2023
  • Current Sale Transaction ID: 11909333686
  • Current Sale Price: $50,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 56598

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$79,000 Mar 15, 2024
-
$30/mo
House
2 Beds
1 Bath
-
$79,900 Sep 6, 2023
-
$25/mo

About North Memphis


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Frequently Asked Questions

When was property at 1159 Forrest Avenue built and last sold?
The property at 1159 Forrest Avenue was built in 1920 and last sold on Jun 29, 2023 for $50,000.
How much is this home worth?
The estimated value of the home located at 1159 Forrest Avenue is $95,950.
What are some comparable homes to 1159 Forrest Avenue?
Homes that are comparable to 1159 Forrest Avenue include a house property at 768 Castle Place, 1007 Randle Street, which are both great to check out.

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