Check Availability
$95,000
↓ $15K (13.6%)
House - For Sale

715 LESTER

Memphis, TN 38112
bedrooms
5 Beds
bathrooms
2 Baths
$494
Estimated Monthly
$0
HOA / Fees
27.05%
Cap Rate

About This Property

Welcome to your investment opportunity in the heart of Binghamton, an up-and-coming area. 5 spacious-bedroom, 2-bath. with 2 reliable tenants already in place, paying a total of $1100 mo. Seller rent by the room weekly. Seller collects cash, no property management Co. and can make up to $3100 with all 5 rooms rented. Needs a little TLC. The property is being sold in As-Is conditions. Can be sold with or with the tenants.
Unit Size
-
Days on Market
82 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$27
HOA Dues
-
Year Built
1950
Listed By
Last updated: 8 days ago (MAARTN #10165312)

Price History

Date / Event Date Event Price
Apr 20, 2024 Price Decreased $95,000
↓ $15K (13.6%)
Price Decreased
Feb 5, 2024 Listed by KELLER WILLIAMS® $110,000
Listed by KELLER WILLIAMS®

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,820
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,534
  • Gross Building Area: 1,534
  • Building Area: 1,534
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,534
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: JOHNSONS RE S&D
  • Land Acres: 0.18

Ownership

  • Current Owner : CAMPBELL LAKETTA
  • Previous Owner : SHELBY COUNTY

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001400

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 05-2064-0-0029
  • Lot: 12
  • Municipality: MEMPHIS
  • Latitude: 35.152
  • Longitude: -89.9654

    Address

  • Full Address: 715 Lester St
  • Address - House Number: 715
  • Address - Street Name: Lester
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C076
  • 4-Digit Zip Code: 2325
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $320
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 64
  • Final Value: 93,078
  • High Value: 116,230
  • Low Value: 69,926

    Market Valuation

  • Market Total Value: $21,000
  • Market Land Value: $4,500
  • Market Improvement Value: $16,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,250
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $4,125

    Sales

  • Current Sale Contract Date: Sep 16, 2014
  • Current Sale Recording Date: Sep 24, 2014
  • Current Sale Transaction ID: 1176678868
  • Current Sale Price: $9,500
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 14097956

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
-
$110,000 Sep 6, 2023
-
$318/mo
House
2 Beds
1 Bath
-
$115,000 Dec 12, 2023
-
$327/mo
House
1 Bed
1 Bath
-
$115,000 Dec 12, 2023
-
$205/mo
House
2 Beds
1 Bath
-
$124,900 Jan 1, 2024
-
$359/mo
House
3 Beds
1 Bath
-
$90,000 Oct 19, 2023
-
$43/mo
Multifamily
2 Beds
2 Baths
-
$90,000 Nov 20, 2023
-
$83/mo

About Jackson - University Area


Similar Homes for Sale

Unit for sale at 706 Lester Street, Memphis, TN 38112

$90,000

  • 2 Beds
  • 2 Baths
706 Lester Street, Memphis, TN 38112 Listing by Miki Brewer
Unit for sale at 801 Kippley Street, Memphis, TN 38112

$90,000

  • 3 Beds
  • 1 Bath
801 Kippley Street, Memphis, TN 38112 Listing by Petra Walker Jones
Unit for sale at 2561 Tutwiler Avenue, Memphis, TN 38112

$124,900

  • 2 Beds
  • 1 Bath
2561 Tutwiler Avenue, Memphis, TN 38112 Listing by David Lorrison

Nearby Rentals

Unit for rent at 2906 Tishomingo, Memphis, TN, 38111

$2,800 /mo

  • 3 Beds
  • 3 Baths
2906 Tishomingo, Memphis, TN, 38111 Listing by Jeff Bennett
Unit for rent at 758 Meda Street, Memphis, TN, 38104

$2,970 /mo

  • 3 Beds
  • 3 Baths
  • 2,400 ft²
758 Meda Street #758 Meda Street, Memphis, TN, 38104 Listing by Manager


Frequently Asked Questions

When was property at 715 Lester Street built and last sold?
The property at 715 Lester Street was built in 1950 and last sold on Sep 16, 2014 for $9,500.
How much is this home worth?
The estimated value of the home located at 715 Lester Street is $95,950.
What are some comparable homes to 715 Lester Street?
Homes that are comparable to 715 Lester Street include a house property at 3060 Manhattan Avenue, 672 Lipford Street, 682 Glankler Street.

Quantcast