Check Availability
$110,000
House - For Sale

1898 E MCLEMORE

Memphis, TN 38114
bedrooms
4 Beds
bathrooms
2 Baths
$623
Estimated Monthly
$0
HOA / Fees
17.10%
Cap Rate

About This Property

This is a great investment opportunity! This property currently has professional property management in place by Reedy and Company. This property is being sold in AS-IS condition. The target rent on this property is $1,095. This property is Vacant and easy to view. No wholesale or assignments.
Unit Size
-
Days on Market
98 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$83
HOA Dues
-
Year Built
1940
Listed By
Mark Hart
Reedy & Company, REALTORS
Last updated: 4 months ago (MAARTN #10164651)

Price History

Date / Event Date Event Price
Jan 26, 2024 Listed by Reedy & Company, REALTORS $110,000
Listed by Reedy & Company, REALTORS

Property Highlights

Air Conditioning
Interior Details

Interior Information

Security System

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 4,680
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 390
  • Total Building Area: 1,363
  • Gross Building Area: 1,363
  • Building Area: 1,363
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,363
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: VULCAN REALTY CO
  • Land Acres: 0.107
  • Legal Description 1: NS MCLEMORE

Ownership

  • Current Owner : ECHO SHY
  • Previous Owner : SHAW JOHN E
  • Previous Owner 2: SHAW LINDA
  • Owner Before Previous Owner: WITTICHEN WILLIAMS LTD

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006400

Zoning

  • Zoning: CMU-3

Geography

  • District: O
  • Parcel: 03-1114-0-0005
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1158
  • Longitude: -89.9992

    Address

  • Full Address: 1898 E Mclemore Ave
  • Address - House Number: 1898
  • Street Direction: E
  • Address - Street Name: Mclemore
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C060
  • 4-Digit Zip Code: 2108
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $993
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 398,031
  • High Value: 580,781
  • Low Value: 215,280

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $109,500
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 07, 2021
  • First Open Lien Mortgage Loan Amount: $54,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050
  • Second Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • Second Open Lien Mortgage Recording Date: Feb 16, 2021
  • Second Open Lien Mortgage Loan Amount: $54,750
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $65,200
  • Market Land Value: $4,000
  • Market Improvement Value: $61,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,300
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $15,300

    Sales

  • Current Sale Contract Date: May 01, 2020
  • Current Sale Recording Date: May 07, 2020
  • Current Sale Transaction ID: 11759965768
  • Current Sale Price: $65,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 20046427
  • Previous Sale Recording Date: Sep 11, 2003
  • Previous Sale Contract Date: Sep 04, 2003
  • Previous Sale Amount: $13,500
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
-
$120,000 Jan 26, 2024
-
$90/mo
House
4 Beds
1 Bath
-
$89,900 Oct 20, 2023
-
$76/mo
House
3 Beds
2 Baths
-
$125,000 Aug 3, 2023
-
$235/mo
House
3 Beds
1.5 Baths
-
$125,000 Nov 2, 2023
-
$86/mo
House
2 Beds
1 Bath
-
$108,500 Jun 12, 2023
-
$61/mo
Land
Loft
-
-
$99,900 Oct 25, 2023
-
$56/mo

About Depot Planning District


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Frequently Asked Questions

When was property at 1898 East McLemore Avenue built and last sold?
The property at 1898 East McLemore Avenue was built in 1940 and last sold on May 1, 2020 for $65,000.
How much is this home worth?
The estimated value of the home located at 1898 East McLemore Avenue is $111,100.
What are some comparable homes to 1898 East McLemore Avenue?
Homes that are comparable to 1898 East McLemore Avenue include a house property at 1894 East McLemore Avenue, 1541 Netherwood Avenue, 1227 Garfield Street.

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