Check Availability
$39,900
↓ $10K (19.4%)
House - For Sale

1427 S WILLETT

Memphis, TN 38106
bedrooms
2 Beds
bathrooms
2 Baths
$221
Estimated Monthly
$0
HOA / Fees

About This Property

Great investment opportunity just minutes away from Central Gardens in booming Midtown Memphis! Structurally solid and brick all around, this rehab opportunity would be great for a quick flip or long term rental investment as rental rates continue to rise. Please do all inspections and due diligence before presenting an offer, leaving only contingency to be clean title. Call CSS for showings and listing agent with any questions. Don't miss out before it's gone!
Unit Size
-
Days on Market
627 days
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$24
HOA Dues
-
Year Built
1928
Listed By
Tyler Bowman
Weichert, REALTORS-BenchMark
Last updated: 4 months ago (MAARTN #10131200)

Price History

Date / Event Date Event Price
Jan 31, 2024 Price Decreased $39,900
↓ $10K (19.4%)
Price Decreased
May 7, 2023 Price Decreased $49,500
↓ $6K (10%)
Price Decreased
Oct 6, 2022 Price Increased $55,000
↑ $25K (82.7%)
Price Increased
Sep 2, 2022 Sold $30,110
Sold
Aug 15, 2022 Listed by Weichert Realtors BenchMark $65,000
Listed by Weichert Realtors BenchMark

Property Highlights

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,476
  • Gross Building Area: 1,476
  • Building Area: 1,476
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,476
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: SOUTH PARKWAY WILLETT
  • Land Acres: 0.138
  • Legal Description 1: WS WILLETT

Ownership

  • Current Owner : GEM PROPERTIES LLC
  • Previous Owner : COUNTY OF SHELBY
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: unknown
  • Vacant Flag Date: Mar 06, 2024

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006000

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 04-8035-0-0006
  • Lot: 69
  • Municipality: MEMPHIS
  • Latitude: 35.1072
  • Longitude: -90.0108

    Address

  • Full Address: 1427 S Willett St
  • Address - House Number: 1427
  • Street Direction: S
  • Address - Street Name: Willett
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C053
  • 4-Digit Zip Code: 5031
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $278
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2553
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 63
  • Final Value: 56,455
  • High Value: 70,871
  • Low Value: 42,038

    Market Valuation

  • Market Total Value: $11,400
  • Market Land Value: $3,400
  • Market Improvement Value: $8,000

    Assessments Valuation

  • Assessed Year: 2022

    Sales

  • Current Sale Contract Date: Aug 07, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Transaction ID: 11895769563
  • Current Sale Price: $30,110
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 98642

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
-
$59,900 Feb 15, 2023
-
$28/mo
House
2 Beds
1 Bath
-
$64,900 Dec 24, 2022
-
$159/mo
Land
Loft
-
-
$45,500 May 12, 2022
-
$100/mo
Land
Loft
-
-
$45,500 May 12, 2022
-
$93/mo
Land
Loft
-
-
$45,500 May 12, 2022
-
$100/mo
Land
Loft
-
-
$45,000 Nov 18, 2022
-
$84/mo

About Depot Planning District


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Frequently Asked Questions

When was property at 1427 South Willett Street built and last sold?
The property at 1427 South Willett Street was built in 1928 and last sold on Aug 7, 2022 for $30,110.
How much is this home worth?
The estimated value of the home located at 1427 South Willett Street is $40,299.
What are some comparable homes to 1427 South Willett Street?
Homes that are comparable to 1427 South Willett Street include a house property at 1384 Kyle Street, 1421 James Street, 1601 Foster Avenue.

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