Check Availability
$49,900
House - For Sale

1261 DRIVER

Memphis, TN 38106
bedrooms
2 Beds
bathrooms
1 Bath
$269
Estimated Monthly
$0
HOA / Fees
25.76%
Cap Rate

About This Property

Check out this recently renovated income producing property! Perfect for any investor looking to add a cash flowing property to their portfolio. Priced to sell, make your offer today! BACK ON THE MARKET.  Rented at $800 per month!
Unit Size
-
Days on Market
24 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$24
HOA Dues
-
Year Built
1912
Listed By
Jonathan Nunez
Fast Track Realty, LLC
Last updated: 12 days ago (MAARTN #10169160)

Price History

Date / Event Date Event Price
Apr 14, 2024 Relisted $49,900
Relisted
Apr 8, 2024 In contract -
In contract
Apr 2, 2024 Listed by Fast Track Realty, LLC $49,900
Listed by Fast Track Realty, LLC
May 12, 2019 No longer available -
No longer available
Mar 22, 2019 Price Decreased $8,500
↓ $500 (5.6%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Poor
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Bungalow
  • Roof Shape Type: Gable
  • 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: 6,200
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,122
  • Gross Building Area: 1,122
  • Building Area: 1,122
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 1,122
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: J S HARRIS
  • Land Acres: 0.142
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS DRIVER

Ownership

  • Current Owner : VIARS AUDIE
  • Previous Owner : BANK OF AMERICA NA
  • Owner Before Previous Owner: RODGERS BOBBY R
  • Vacant Flag Date: Mar 07, 2024

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 005900

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 02-5053-0-0011
  • Lot: 9&10
  • Municipality: MEMPHIS
  • Latitude: 35.1128
  • Longitude: -90.0463

    Address

  • Full Address: 1261 Driver St
  • Address - House Number: 1261
  • Address - Street Name: Driver
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C045
  • 4-Digit Zip Code: 3003
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $285
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1088
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 89
  • Final Value: 50,940
  • High Value: 56,483
  • Low Value: 45,397

    Market Valuation

  • Market Total Value: $18,700
  • Market Land Value: $3,000
  • Market Improvement Value: $15,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,675
  • Assessed Land Value: $750
  • Assessed Improvements Value: $3,925

    Sales

  • Current Sale Contract Date: Oct 26, 2016
  • Current Sale Recording Date: Nov 16, 2016
  • Current Sale Transaction ID: 1857043882
  • Current Sale Price: $4,400
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 16117506
  • Previous Sale Recording Date: Feb 18, 2016
  • Previous Sale Contract Date: Feb 16, 2016
  • Previous Sale Amount: $5,950
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
-
$49,900 Mar 9, 2024
-
$18/mo
House
2 Beds
1 Bath
-
$44,000 Jan 29, 2024
-
$21/mo
House
2 Beds
1 Bath
-
$57,500 Feb 16, 2024
-
$43/mo
House
4 Beds
2 Baths
-
$53,000 Mar 30, 2024
-
$76/mo

About South Memphis Planning Dist


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Frequently Asked Questions

When was property at 1261 Driver Street built and last sold?
The property at 1261 Driver Street was built in 1912 and last sold on Oct 26, 2016 for $4,400.
How much is this home worth?
The estimated value of the home located at 1261 Driver Street is $50,399.
What are some comparable homes to 1261 Driver Street?
Homes that are comparable to 1261 Driver Street include a house property at 610 Walker Avenue, 1552 Grimes Street, 1615 South Wellington Street.

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