Check Availability
$60,000 - $70,000
House - In Contract

3125 Mimosa Avenue

Memphis, TN 38112
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Sqft
Refi Dec 05, 2023
Transfer
Owner
$30,000 by Truist Bank
Mortgage Due Nov 13, 2048

About This Property

Great investment potential! Home needs some repairs but was recently rented in it's current condition. Central HVAC, large fenced back yard that backs up to the Shelby Farms Greenline! Two bedrooms and one full bath. Original hardwood floors that could easily be refinished. This one is almost ready for cash flow, take a look today! Being sold as-is.

The manager has listed the unit size as 720 square feet.
Unit Size
720Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$86
Property Type
House
Property Taxes
$43
HOA Dues
-
Year Built
1950
Listed By

Price History

Date / Event Date Event Price
Apr 6, 2024 In contract -
In contract
Apr 2, 2024 Listed $62,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Cottage
  • Exterior Walls Type: Asbestos shingle
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,880
  • Lot Size Depth Feet: 1,870
  • Lot Size Frontage Feet: 300
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 720
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EASTVIEW
  • Land Acres: 0.365
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS MIMOSA CV JCT EASTVIEW ST

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 003000

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 13-77
  • District: O
  • Parcel: 04-4020-0-0064
  • Lot: 21
  • Municipality: MEMPHIS
  • Latitude: 35.1388
  • Longitude: -89.9569

    Address

  • Full Address: 3125 Mimosa Ave
  • Address - House Number: 3125
  • Address - Street Name: Mimosa
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C077
  • 4-Digit Zip Code: 4219
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $518

    Appraisal Valuation

  • Standard Deviation: 0.2549
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 63
  • Final Value: 74,343
  • High Value: 93,297
  • Low Value: 55,389

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $30,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Dec 05, 2023
  • First Open Lien Mortgage Loan Amount: $30,000
  • First Open Lien Mortgage Term: 298
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 13, 2048

    Market Valuation

  • Market Total Value: $34,000
  • Market Land Value: $6,000
  • Market Improvement Value: $28,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,500
  • Assessed Land Value: $1,500
  • Assessed Improvements Value: $7,000

Comparables

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

About Jackson - University Area


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Currently no similar homes around

Nearby Rentals

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Unit for rent at 528 Lundee St, Memphis, TN, 38111

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  • 1 Bath
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528 Lundee St #528 Lundee St, Memphis, TN, 38111 Listing by Manager
Unit for rent at 3609 Mynders Ave, MEMPHIS, TN, 38111

$1,000 /mo

  • 2 Beds
  • 2 Baths
3609 Mynders Ave #3609 Mynders #105, MEMPHIS, TN, 38111 Listing by Manager


Frequently Asked Questions

When was property at 3125 Mimosa Avenue built and last sold?
The property at 3125 Mimosa Avenue was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3125 Mimosa Avenue is $62,620.
What are some comparable homes to 3125 Mimosa Avenue?
There are currently no comparable homes to 3125 Mimosa Avenue.

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