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Memphis 38114 Bethel Grove Community Organization
2390 BOYLE AVE
Photo of 2390 BOYLE AVE
Sold on Mar 13, 2023

16

Map

Photo of 2390 BOYLE AVE
Photo of 2390 BOYLE AVE
$24,000
● House - Off Market

2390 BOYLE AVE

Memphis, TN 38114
bedrooms
3 Beds
bathrooms
1 Bath
$24,732
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

3 bedroom 1 bath brick home with a detached garage, Located just off Airways Blvd, convenient location, walking distance to Kellogg company a manufacturing facility for breakfast cereal. "back on the market"
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$67
HOA Dues
-
Year Built
1942

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #RTC3596713)

Price History

Date / Event Date Event Price
May 4, 2024 No longer available -
No longer available
Apr 12, 2024 Price Decreased $124,900
↓ $5K (3.9%)
Price Decreased
Mar 24, 2024 Relisted $129,900
Relisted
Feb 24, 2024 In contract -
In contract
Feb 15, 2024 Listed by Fast Track Realty, LLC $129,900
Listed by Fast Track Realty, LLC
INVESTOR SPECIAL! This beautifully renovated home offers 3 bedrooms and 1 bathroom. Step inside to discover a fresh and modern interior, thanks to the fully remodeled design. With new HVAC, plumbing, water heater, and electrical systems, this home ensures comfort and efficiency. The new roofing provides peace of mind for years to come. This home is move-in ready. Don't miss out on this stylish and upgraded property! Currently rented at 1,300/per Month.
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Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 320
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,540
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,193
  • Gross Building Area: 1,193
  • Building Area: 1,193
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 7
  • Heating: 24
  • Heated Square Feet: 1,193
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BETHEL GROVE
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: NS BOYLE

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006900

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-7045-0-0033
  • Block: 308
  • Lot: 3
  • Municipality: MEMPHIS
  • Latitude: 35.098
  • Longitude: -89.9834

    Address

  • Full Address: 2390 Boyle Ave
  • Address - House Number: 2390
  • Address - Street Name: Boyle
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C079
  • 4-Digit Zip Code: 4201
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $79,039
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 89
  • Final Value: 120,595
  • High Value: 133,739
  • Low Value: 107,452

    Market Valuation

  • Market Total Value: $51,900
  • Market Land Value: $4,500
  • Market Improvement Value: $47,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,975
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $11,850

    Sales

  • Current Sale Contract Date: Feb 09, 2023
  • Current Sale Recording Date: Mar 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 25485
  • Previous Sale Recording Date: Sep 01, 2022
  • Previous Sale Contract Date: Aug 23, 2022
  • Previous Sale Amount: $47,000
  • Previous Sale Document Type: 27
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 Depot Planning District

Stats & Trends

Median Asking:

$102,401

Sale Price/ft²

$96

Below Asking

0.06%

Average Days on Market

68

Average Home Size

1544 ft²

Average Home Age

77 years

Currently For Sale

16 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

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Realtracs

Listed by: Edwin Engelke, United Real Estate Mid-South
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3596713
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 2390 Boyle Avenue built and last sold?
The property at 2390 Boyle Avenue was built in 1942 and last sold on Feb 9, 2023 for $24,000.
How much is this home worth?
The estimated value of the home located at 2390 Boyle Avenue is $126,149.
What are some comparable homes to 2390 Boyle Avenue?
There are currently no comparable homes to 2390 Boyle Avenue.
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