See Home Value
$238,596*
Multifamily - Off Market

3468 BOWEN DR

Memphis, TN 38122
bedrooms
Studio
bathrooms
0 Bath
$191,000 - $233,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Apr 03, 2023
$268,000
$201,000 by Movement Mortgage, Llc
Mortgage Due Apr 01, 2053
Sold Oct 18, 2021
$200,000

About This Property

For more information, contact James Underwood at . Visit http://www.crye-leike.com/memphis/10109202 to view more pictures of this property. Rare opportunity to beat the 1% rule of investing with this fully occupied (as of time of listing) 4 unit property in neighborhood that is trending upwards in values. 100% occupied.  This property brings in $2650 mo.  Owner pays all utilities (average is $450 mo) for a net of $2200. Property has 3 buildings.  One duplex and 2 singles. Many updates through including: fresh paint inside and outside, updated flooring, new kitchen cabinets, updated landscaping and much more (updates attached to MLS)
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1925

Price History

Date / Event Date Event Price
Apr 3, 2023 Sold to Travis Mewhirter, Tyler Mew... $268,000
Sold to Travis Mewhirter, Tyler Mew...
Oct 12, 2021 No longer available -
No longer available
Sep 25, 2021 In contract -
In contract
Sep 22, 2021 Listed $212,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1975
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 144
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,880
  • Gross Building Area: 2,048
  • Building Area: 1,880
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,880
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND HEIGHTS
  • Land Acres: 0.23
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: NS BOWEN

Ownership

  • Current Owner : MEWHIRTER TYLER
  • Current Owner 2: MEWHIRTER TRAVIS
  • Previous Owner : BERGLUND KIRSTINE
  • Previous Owner 2: BERGLUND JOERGEN
  • Owner Before Previous Owner: HPM PROPERTIES LLC
  • Ownership Rights Codes: Joint Tenants
  • Vacant Flag Date: Jan 16, 2024

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001300

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MB 4-118
  • District: O
  • Parcel: 03-8040-0-0022
  • Block: 14
  • Lot: PT13
  • Municipality: MEMPHIS
  • Latitude: 35.1535
  • Longitude: -89.9453

    Address

  • Full Address: 3468 Bowen Ave
  • Address - House Number: 3468
  • Address - Street Name: Bowen
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C081
  • 4-Digit Zip Code: 3322
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,374

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 87,591
  • High Value: 127,428
  • Low Value: 47,753

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $201,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE, LLC
  • First Open Lien Mortgage Recording Date: Apr 03, 2023
  • First Open Lien Mortgage Loan Amount: $201,000
  • 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: Apr 01, 2053

    Market Valuation

  • Market Total Value: $56,400
  • Market Land Value: $4,500
  • Market Improvement Value: $51,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,560
  • Assessed Land Value: $1,800
  • Assessed Improvements Value: $20,760

    Sales

  • Current Sale Contract Date: Mar 27, 2023
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Transaction ID: 11904507579
  • Current Sale Price: $268,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 26585
  • Previous Sale Recording Date: Oct 18, 2021
  • Previous Sale Contract Date: Oct 06, 2021
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE, LLC
  • First Mortgage Transaction Date: Apr 03, 2023
  • First Mortgage Loan Amount: $201,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
-
$205,000 Feb 16, 2024
-
$64/mo
Townhouse
3 Beds
3 Baths
-
$199,900 Oct 8, 2023
-
$193/mo
House
3 Beds
2 Baths
-
$197,500 Nov 7, 2023
-
$56/mo
Townhouse
2 Beds
2.5 Baths
-
$225,000 Apr 16, 2024
-
$189/mo
Townhouse
2 Beds
3 Baths
-
$225,000 Feb 26, 2024
-
$192/mo
House
3 Beds
2 Baths
-
$189,900 Mar 18, 2024
-
$460/mo
House
2 Beds
1 Bath
-
$174,900 Apr 19, 2024
-
$59/mo
House
3 Beds
3 Baths
-
$249,000 Mar 25, 2024
-
$98/mo

About Jackson - University Area


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Frequently Asked Questions

When was property at 3468 Bowen Avenue built and last sold?
The property at 3468 Bowen Avenue was built in 1925 and last sold on Mar 27, 2023 for $268,000.
How much is this home worth?
The estimated value of the home located at 3468 Bowen Avenue is $214,120.
What are some comparable homes to 3468 Bowen Avenue?
There are currently no comparable homes to 3468 Bowen Avenue.

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