Check Availability
$26,000
House - For Sale

1225 MERCHANT

Memphis, TN 38108
bedrooms
2 Beds
bathrooms
1 Bath
$157
Estimated Monthly
$0
HOA / Fees

About This Property

Calling all investors!! This property is in need of a full rehab and could be a great flip opportunity as well as a profitable rental investment. Walking distance to parks as well as close interstate access. Please do all due diligence and inspections before presenting an offer. Seller recently put on a brand new roof. Call Broker Bay for showing appointments and listing agent with any questions.
Unit Size
-
Days on Market
39 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$29
HOA Dues
-
Year Built
1946
Listed By
Tyler Bowman
Weichert, REALTORS-BenchMark
Last updated: 2 months ago (MAARTN #10168859)

Price History

Date / Event Date Event Price
Mar 28, 2024 Listed by Weichert Realtors BenchMark $26,000
Listed by Weichert Realtors BenchMark
Dec 19, 2023 No longer available -
No longer available
Sep 15, 2023 Price Decreased $26,500
↓ $1K (3.6%)
Price Decreased
Dec 10, 2022 Price Decreased $27,500
↓ $2K (8%)
Price Decreased
Sep 20, 2022 Price Decreased $29,900
↓ $10K (25.1%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • 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: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,900
  • Lot Size Depth Feet: 980
  • Lot Size Frontage Feet: 500
  • Total Building Area: 696
  • Gross Building Area: 696
  • Building Area: 696
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 696
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNION HEIGHTS
  • Land Acres: 0.113
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS MERCHANT

Ownership

  • Current Owner : CURRIE JOEL
  • Previous Owner : CURRIE MAJOR
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 000700

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 04-0044-0-0006
  • Lot: 9&10
  • Municipality: MEMPHIS
  • Latitude: 35.1716
  • Longitude: -90.0012

    Address

  • Full Address: 1225 Merchant St
  • Address - House Number: 1225
  • Address - Street Name: Merchant
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C003
  • 4-Digit Zip Code: 1139
  • Zip Code: 38108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $344
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2743
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 60
  • Final Value: 60,698
  • High Value: 77,348
  • Low Value: 44,047

    Market Valuation

  • Market Total Value: $22,600
  • Market Land Value: $4,000
  • Market Improvement Value: $18,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,650
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $4,650

    Sales

  • Current Sale Contract Date: Jul 12, 2002
  • Current Sale Recording Date: Jul 24, 2002
  • Current Sale Transaction ID: 1176772518
  • Current Sale Price: $40,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 02122391

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FRANKLIN FIN
  • First Mortgage Transaction Date: Jul 24, 2002
  • First Mortgage Loan Amount: $30,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Aug 01, 2032
  • Second Mortgage Loan Amount: $10,000

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hollywood-Hyde Park-Springdale


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Frequently Asked Questions

When was property at 1225 Merchant Street built and last sold?
The property at 1225 Merchant Street was built in 1946 and last sold on Jul 12, 2002 for $40,000.
How much is this home worth?
The estimated value of the home located at 1225 Merchant Street is $26,260.
What are some comparable homes to 1225 Merchant Street?
There are currently no comparable homes to 1225 Merchant Street.

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