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Memphis 38127 Rangeline
2340 MCGOWAN DR
Photo of 2340 MCGOWAN DR

18

Map

Photo of 2340 MCGOWAN DR
Photo of 2340 MCGOWAN DR
$42,900
● House - Off Market

2340 MCGOWAN DR

Memphis, TN 38127
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,684 Ft²
$302
Est. Monthly

About This Property

3 bedroom 2 bath brick home with attached carport, large den with fireplace, large lot with trees.
Unit Size
1,684 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$25
Property Type
House
Property Taxes
$91
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (Realtracs #RTC3596872)

Price History

Date / Event Date Event Price
Sep 30, 2021 No longer available -
No longer available
Sep 21, 2021 Listed by Reedy & Company, REALTORS $82,000
Listed by Reedy & Company, REALTORS
Investment Opportunity!! Occupied 3 Bedroom 1 Bath home, currently tenant occupied. No viewings until we have accepted offer
Aug 24, 2021 No longer available -
No longer available
Aug 13, 2021 Listed by Reedy & Company, REALTORS $82,000
Listed by Reedy & Company, REALTORS
Investment Opportunity!! Occupied 3 Bedroom 1 Bath home, currently tenant occupied. No viewings until we have accepted offer
Jul 30, 2017 Listed $34,900
Listed
Come home to nice older home in heart of Frayser / 3 bedroom / large den with fireplace / formal living and dining room combo / large eat in kitchen / nice fenced yard with mature trees
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 228
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,827
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 890
  • Total Building Area: 1,684
  • Gross Building Area: 1,684
  • Building Area: 1,684
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,684
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ST ELMO THIRD ADDITION
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: NS MCGOWAN DR

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010001

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 22-33
  • District: O
  • Parcel: 07-1043-0-0025
  • Lot: 15
  • Municipality: MEMPHIS
  • Latitude: 35.2338
  • Longitude: -89.9858

    Address

  • Full Address: 2340 Mcgowan Dr
  • Address - House Number: 2340
  • Address - Street Name: Mcgowan
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C096
  • 4-Digit Zip Code: 4025
  • Zip Code: 38127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $111,934

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 23,866
  • High Value: 34,823
  • Low Value: 12,908

    Market Valuation

  • Market Total Value: $73,500
  • Market Land Value: $8,600
  • Market Improvement Value: $64,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,375
  • Assessed Land Value: $2,150
  • Assessed Improvements Value: $16,225

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Nov 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21139588
  • Previous Sale Recording Date: Feb 14, 2019
  • Previous Sale Contract Date: Feb 12, 2019
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Frayser - Raleigh PD

Stats & Trends

Median Asking:

$130,000

Sale Price/ft²

$91

Below Asking

0.03%

Average Days on Market

53

Average Home Size

1302 ft²

Average Home Age

53.8 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Edwin Engelke, United Real Estate Mid-South
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3596872
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 2340 McGowan Drive built and last sold?
The property at 2340 McGowan Drive was built in 1960 and last sold on Nov 4, 2021 for $82,000.
How much is this home worth?
The estimated value of the home located at 2340 McGowan Drive is $82,820.
What are some comparable homes to 2340 McGowan Drive?
There are currently no comparable homes to 2340 McGowan Drive.
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