See Home Value
$365,772*
House - Off Market

1961 NELSON

Memphis, TN 38104
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$293,000 - $357,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jan 07, 2021
$325,000
$260,000 by Paragon Bank
Mortgage Due Jan 01, 2051
Sold Jan 29, 2020
$177,000
$177,000 by Ocg Capital Llc
Mortgage Due Jan 28, 2021

About This Property

Not your typical Cooper Young home. You will love all the midtown charm that was carefully maintained during renovations. Original hardwood floors brought back to their initial beauty. This 5 bedroom, 2.5 bath historic beauty will not disappoint.  New HVAC, roof, luxury master bath &  granite tops offer the luxury you crave, while the inviting porch & breath taking staircase offer the midtown character you expect. Large bedrooms and full pantry are a nice surprise. Rear parking is a plus!
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$3,281
HOA Dues
-
Year Built
1910

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jan 7, 2021 Sold to Gardner T Mounce, Kendyl B ... $325,000
Sold to Gardner T Mounce, Kendyl B ...
Dec 8, 2020 In contract -
In contract
Nov 24, 2020 Price Decreased $325,000
↓ $15K (4.4%)
Price Decreased
Nov 21, 2020 Price Decreased $340,000
↓ $9K (2.6%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,550
  • Lot Size Depth Feet: 1,510
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,308
  • Gross Building Area: 2,308
  • Building Area: 2,308
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,308
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCLAUGHLIN
  • Land Acres: 0.173
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS NELSON

Ownership

  • Current Owner : MOUNCE GARDNER T
  • Current Owner 2: MOUNCE KENDYL B
  • Previous Owner : MEC DESIGNS LLC
  • Owner Before Previous Owner: DENTON C WILLIAM
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006300

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 03-1126-0-0010
  • Lot: 10
  • Municipality: MEMPHIS
  • Latitude: 35.1218
  • Longitude: -89.9968

    Address

  • Full Address: 1961 Nelson Ave
  • Address - House Number: 1961
  • Address - Street Name: Nelson
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C037
  • 4-Digit Zip Code: 5419
  • Zip Code: 38104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,974

    Appraisal Valuation

  • Standard Deviation: 0.1966
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 416,743
  • High Value: 498,705
  • Low Value: 334,782

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: PARAGON BANK
  • First Open Lien Mortgage Recording Date: Jan 07, 2021
  • First Open Lien Mortgage Loan Amount: $260,000
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $326,600
  • Market Land Value: $44,600
  • Market Improvement Value: $282,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,650
  • Assessed Land Value: $11,150
  • Assessed Improvements Value: $70,500

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Jan 07, 2021
  • Current Sale Transaction ID: 11810349851
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21002069
  • Previous Sale Recording Date: Jan 29, 2020
  • Previous Sale Contract Date: Jan 28, 2020
  • Previous Sale Amount: $177,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAGON BANK
  • First Mortgage Transaction Date: Jan 07, 2021
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: OCG CAPITAL LLC
  • Previous Mortgage Transaction Date: Jan 29, 2020
  • Previous Mortgage Loan Amount: $177,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jan 28, 2021



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$269,500 Aug 12, 2021
$269,500 Oct 13, 2021
$293/mo
House
4 Beds
2 Baths
-
$339,900 Jul 14, 2023
-
$316/mo
House
2 Beds
2 Baths
-
$319,000 Jul 28, 2023
-
$305/mo
House
2 Beds
2 Baths
-
$329,000 Jun 23, 2023
-
$374/mo
House
3 Beds
2.5 Baths
-
$335,000 Jun 19, 2023
-
$334/mo
House
3 Beds
2 Baths
-
$350,000 Jul 12, 2023
-
$398/mo
House
3 Beds
2 Baths
-
$329,900 Jun 20, 2023
-
$249/mo
House
3 Beds
1.5 Baths
-
$299,000 Mar 30, 2023
-
$329/mo
House
2 Beds
1 Bath
-
$265,000 May 25, 2023
-
$307/mo
House
3 Beds
2 Baths
-
$375,000 Jun 23, 2023
-
$363/mo

About Depot Planning District


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Frequently Asked Questions

When was property at 1961 Nelson Avenue built and last sold?
The property at 1961 Nelson Avenue was built in 1910 and last sold on Dec 30, 2020 for $325,000.
How much is this home worth?
The estimated value of the home located at 1961 Nelson Avenue is $328,250.
What are some comparable homes to 1961 Nelson Avenue?
There are currently no comparable homes to 1961 Nelson Avenue.

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