Check Availability
$125,000
House - For Sale

1966 PROSPECT

Memphis, TN 38106
bedrooms
2 Beds
bathrooms
1 Bath
$650
Estimated Monthly
$0
HOA / Fees
9.21%
Cap Rate

About This Property

Great Investment property. Will not go FHA/VA. Vacant. SELLING AS-IS   Start from a gutted state where you can release your creative side and enjoy renovating and rehabilitating this property.
Unit Size
-
Days on Market
222 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$36
HOA Dues
-
Year Built
1948
Listed By
LaQuitha Williams
Crye-Leike, Inc., REALTORS
Last updated: 2 months ago (MAARTN #10157273)

Price History

Date / Event Date Event Price
Sep 19, 2023 Listed by Crye Leike, Inc. $125,000
Listed by Crye Leike, Inc.
Oct 28, 2022 Sold $53,000
Sold
Jul 9, 2022 No longer available -
No longer available
Jun 13, 2022 Sold $38,105
Sold
Jun 4, 2022 Listed by Crye Leike, Inc. $10,000
Listed by Crye Leike, Inc.
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 848
  • Gross Building Area: 848
  • Building Area: 848
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 848
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: WOODLAND
  • Land Acres: 0.287
  • Legal Description 1: ES PROSPECT

Ownership

  • Current Owner : 4D PROPERTY SOLUTIONS LLC
  • Previous Owner : FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Owner Before Previous Owner: LLG TRUSTEE TN LLC
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: unknown
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007500

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-9076-0-0035
  • Block: 11
  • Lot: 7
  • Municipality: MEMPHIS
  • Latitude: 35.0932
  • Longitude: -90.0374

    Address

  • Full Address: 1966 Prospect St
  • Address - House Number: 1966
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C059
  • 4-Digit Zip Code: 7646
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $428

    Appraisal Valuation

  • Standard Deviation: 0.459
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 8
  • Final Value: 383,502
  • High Value: 559,547
  • Low Value: 207,456

    Market Valuation

  • Market Total Value: $28,100
  • Market Land Value: $4,000
  • Market Improvement Value: $24,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,025
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $6,025

    Sales

  • Current Sale Contract Date: Jul 21, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • Current Sale Transaction ID: 11898023713
  • Current Sale Price: $53,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 119715
  • Previous Sale Recording Date: Jun 13, 2022
  • Previous Sale Contract Date: Jun 03, 2022
  • Previous Sale Amount: $38,105
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: F STREET INVESTMENTS LLC
  • First Mortgage Transaction Date: Oct 28, 2022
  • First Mortgage Loan Amount: $47,700
  • First Mortgage Terms: 8
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Mar 08, 2023

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 Sep 19, 2023
-
$60/mo
House
3 Beds
1 Bath
-
$135,000 Sep 14, 2023
-
$393/mo
Multifamily
4 Beds
2 Baths
-
$110,000 Aug 1, 2023
-
$109/mo
Commercial
Loft
-
-
$149,000 Jun 27, 2023
-
$114/mo

About South Memphis Planning Dist


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Frequently Asked Questions

When was property at 1966 Prospect Street built and last sold?
The property at 1966 Prospect Street was built in 1948 and last sold on Jul 21, 2022 for $53,000.
How much is this home worth?
The estimated value of the home located at 1966 Prospect Street is $126,250.
What are some comparable homes to 1966 Prospect Street?
Homes that are comparable to 1966 Prospect Street include a house property at 1488 McMillan Street, 1577 Marjorie Street, 1225 Effie Road.

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