See Home Value
$257,000 - $313,000
House - Off Market

1245 Forrest

Memphis, TN 38104
bedrooms
6 Beds
bathrooms
3 Baths
square feet
2250 Sqft
Sold Sep 28, 2022
$125,000
$225,000 by Civic Financial Services Llc
Mortgage Due Mar 01, 2053
Sold Aug 31, 2021
$450,460

About This Property

This Renovated 4 Bedroom 2 Bedroom Brick Bungalow Home is Located in the Chandlers Addn to Speedway Terrace Subdivision. This Home has over 2200 Heated Square Feet and it has been Renovated with New Flooring, Neutral Paint Colors, New Appliances, Light Fixtures and So Much More!! Give Us a Call to Schedule Your Private Showing...

The manager has listed the unit size as 2250 square feet.
Unit Size
2,250Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1923

Price History

Date / Event Date Event Price
Dec 6, 2023 No longer available -
No longer available
Jul 24, 2023 Listed $285,900
Listed
Dec 16, 2022 Listed $330,000
Listed
For more information, contact Anna Palazola at (901) 383-3968. Visit http://www.crye-leike.com/memphis/10139144 to view more pictures of this property. Recently updated property with open floor plan, distinctive curb appeal. Move in Ready! 6 bedrooms and 3 full baths. Located in a heart of the Mid-Town. Walking distance to Concourse, back yard backs up to Brewery. Close to dining, shopping and entertainment.
Sep 28, 2022 Sold $125,000
Sold
Aug 30, 2022 No longer available -
No longer available
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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
  • Garage Type: Attached
  • Garage Square Area: 216
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,314
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 460
  • Total Building Area: 2,466
  • Gross Building Area: 2,466
  • Building Area: 2,250
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,250
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHANDLERS ADDN TO SPEEDWAY TERRACE
  • Land Acres: 0.168
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS FORREST

Ownership

  • Current Owner : CM1 ENTERPRISE LLC
  • Previous Owner : TAVITA CONWAY
  • Owner Before Previous Owner: SHELBY COUNTY OF EDUCATION
  • 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

  • District: O
  • Parcel: 02-0014-0-0002
  • Lot: PT35
  • Municipality: MEMPHIS
  • Latitude: 35.1525
  • Longitude: -90.0176

    Address

  • Full Address: 1245 Forrest Ave
  • Address - House Number: 1245
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C051
  • 4-Digit Zip Code: 6818
  • Zip Code: 38104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,808
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 281,960
  • High Value: 312,692
  • Low Value: 251,229

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $225,000
  • First Open Lien Mortgage Lender: CIVIC FINANCIAL SERVICES LLC
  • First Open Lien Mortgage Recording Date: Mar 14, 2023
  • First Open Lien Mortgage Loan Amount: $225,000
  • 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: Mar 01, 2053

    Market Valuation

  • Market Total Value: $118,700
  • Market Land Value: $18,900
  • Market Improvement Value: $99,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,675
  • Assessed Land Value: $4,725
  • Assessed Improvements Value: $24,950

    Sales

  • Current Sale Contract Date: Sep 22, 2022
  • Current Sale Recording Date: Sep 28, 2022
  • Current Sale Transaction ID: 11896353207
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 108988
  • Previous Sale Recording Date: Aug 31, 2021
  • Previous Sale Contract Date: Aug 31, 2021
  • Previous Sale Amount: $450,460
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITYMAX INC
  • First Mortgage Transaction Date: Sep 28, 2022
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 204
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2039



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
-
$299,900 Feb 21, 2023
-
$272/mo
House
4 Beds
2 Baths
-
$265,000 Jul 14, 2023
-
$146/mo
House
3 Beds
2 Baths
-
$290,000 Jul 14, 2023
-
$834/mo
House
3 Beds
2 Baths
-
$249,000 Jul 7, 2023
-
$70/mo
House
3 Beds
2 Baths
-
$230,000 Jan 16, 2023
-
-
House
2 Beds
2 Baths
-
$245,000 Mar 22, 2023
-
$91/mo

About North Memphis


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Frequently Asked Questions

When was property at 1245 Forrest Avenue built and last sold?
The property at 1245 Forrest Avenue was built in 1923 and last sold on Sep 22, 2022 for $125,000.
How much is this home worth?
The estimated value of the home located at 1245 Forrest Avenue is $288,759.
What are some comparable homes to 1245 Forrest Avenue?
Homes that are comparable to 1245 Forrest Avenue include a house property at 1519 N Parkway, 1305 Tutwiler Avenue, 1036 Forrest Avenue.

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