See Home Value
$179,000*
House - Off Market

1507 AIRWAYS

Memphis, TN 38114
bedrooms
2 Beds
bathrooms
2 Baths
$162,000 - $196,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Dec 05, 2018
$35,000
Sold May 15, 2018
$55,000

About This Property

Lucrative opportunity with huge potential! Close to Downtown and Midtown. This corner lot can be a package deal with owner possessing the vacant lot next door, 1511 Airways! Featuring ample sqft, versatile layout, & can be residential or commercial. Catering to a wide range of needs, this property is an ideal investment for establishing or expanding commercial/residential ventures. Buying this as an investment Property? Tenant pays all utilities, taxes, fire insurance and liability insurance.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$104
HOA Dues
-
Year Built
1940

Price History

Date / Event Date Event Price
Nov 10, 2023 No longer available -
No longer available
Nov 2, 2023 No longer available -
No longer available
Aug 31, 2023 Listed $179,000
Listed
Aug 11, 2023 Listed $179,900
Listed
Lucrative opportunity for commercial buyers! Close to Downtown and Midtown. This corner lot can be a package deal with owner possessing the vacant lot next door, 1511 Airways! Featuring ample sqft, versatile layout, & can be residential or commercial. It caters to a wide range of business needs! This property is an ideal investment for establishing or expanding commercial ventures. Buying this as an investment Property? Tenant pays all utilities, taxes, fire insurance and liability…
May 2, 2023 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,741
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,602
  • Gross Building Area: 1,602
  • Building Area: 1,602
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,602
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: RAMBO
  • Land Acres: 0.201
  • Standard Land Use Code: Bar, taver
  • Legal Description 1: WS AIRWAYS BLVD COR DEADRICK SW

Ownership

  • Current Owner : VALDES JAIME
  • Current Owner 2: NUNEZ MYRIAN
  • Previous Owner : WEST TENNESSEE VENTURE CAPITAL CORP
  • Owner Before Previous Owner: BANKS FRANK

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006500

Zoning

  • Zoning: CMU-1

Geography

  • District: O
  • Parcel: 04-7020-0-0042
  • Lot: 3
  • Municipality: MEMPHIS
  • Latitude: 35.1044
  • Longitude: -89.9864

    Address

  • Full Address: 1507 Airways Blvd
  • Address - House Number: 1507
  • Address - Street Name: Airways
  • Address - Suffix Type: Blvd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C073
  • 4-Digit Zip Code: 3634
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,252

    Market Valuation

  • Market Total Value: $51,400
  • Market Land Value: $22,800
  • Market Improvement Value: $28,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,560
  • Assessed Land Value: $9,120
  • Assessed Improvements Value: $11,440

    Sales

  • Current Sale Contract Date: Nov 30, 2018
  • Current Sale Recording Date: Dec 05, 2018
  • Current Sale Transaction ID: 11540772555
  • Current Sale Price: $35,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18124212
  • Previous Sale Recording Date: May 15, 2018
  • Previous Sale Contract Date: Sep 30, 2014
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: WEST TENNESSEE VENTURE CAPITAL
  • First Mortgage Transaction Date: Dec 05, 2018
  • First Mortgage Loan Amount: $15,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Dec 01, 2019



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$210,000 Aug 18, 2023
-
$261/mo
House
3 Beds
2 Baths
-
$185,000 Aug 6, 2023
-
$215/mo
House
4 Beds
3 Baths
-
$155,000 Jun 6, 2023
-
$44/mo
Commercial
Loft
-
-
$179,900 Aug 11, 2023
-
$104/mo
Multifamily
4 Beds
2 Baths
-
$164,900 Jul 10, 2023
-
$82/mo
Commercial
Loft
-
-
$199,999 Mar 16, 2023
-
$175/mo
Commercial
Loft
-
-
$209,000 Mar 10, 2023
-
$219/mo

About Depot Planning District


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Frequently Asked Questions

When was property at 1507 Airways Boulevard built and last sold?
The property at 1507 Airways Boulevard was built in 1940 and last sold on Nov 30, 2018 for $35,000.
How much is this home worth?
The estimated value of the home located at 1507 Airways Boulevard is $180,790.
What are some comparable homes to 1507 Airways Boulevard?
Homes that are comparable to 1507 Airways Boulevard include a house property at 1068 South Cox Street, 1073 Bruce Street, 2107 Worthing Lane.

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