See Home Value
$104,000 - $126,000
House - Off Market

723 N MERTON

Memphis, TN 38112
bedrooms
3 Beds
bathrooms
1 Bath
Sold Feb 06, 2024
$95,000
Sold Jun 16, 2021
$40,000

About This Property

Great flip or rental opportunity!! Structurally sound and partially renovated, this home sits in a highly sought after location where values are constantly rising. This property is only .3 miles from 50 million dollar development on Broad. So close you can even see it from the front yard!! Plenty of room to add 2nd bath. Get in early on a home and location with major upside potential and don't miss this one before it's gone! Please call CSS for showings and listing agent with any questions.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$85
HOA Dues
-
Year Built
1930

Price History

Date / Event Date Event Price
Feb 6, 2024 Sold to Nguyet Thi Ly $95,000
Sold to Nguyet Thi Ly
Jan 31, 2024 No longer available -
No longer available
Sep 21, 2023 Price Decreased $115,000
↓ $9K (7.3%)
Price Decreased
May 7, 2023 Price Decreased $124,000
↓ $1K (0.8%)
Price Decreased
Mar 23, 2023 Price Decreased $125,000
↓ $35K (21.8%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Bungalow
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 221
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,850
  • Gross Building Area: 1,850
  • Building Area: 1,850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,850
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OVERTON PARK HEIGHTS
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LY NGUYET THI
  • Previous Owner : GEM PROPERTIES LLC
  • Owner Before Previous Owner: SHELBY COUNTY CHANCERY COURT
  • Ownership Rights Codes: Married Woman as her sole & separate property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001500

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 05-2028-0-0022
  • Lot: 38
  • Municipality: MEMPHIS
  • Latitude: 35.155
  • Longitude: -89.9746

    Address

  • Full Address: 723 N Merton St
  • Address - House Number: 723
  • Street Direction: N
  • Address - Street Name: Merton
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C076
  • 4-Digit Zip Code: 1933
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,083
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 64
  • Final Value: 157,654
  • High Value: 196,868
  • Low Value: 118,440

    Market Valuation

  • Market Total Value: $71,100
  • Market Land Value: $8,000
  • Market Improvement Value: $63,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,775
  • Assessed Land Value: $2,000
  • Assessed Improvements Value: $15,775

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 06, 2024
  • Current Sale Transaction ID: 11920241231
  • Current Sale Price: $95,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10266
  • Previous Sale Recording Date: Jun 16, 2021
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: Public Action - Common in Florida (Clerks Tax Deed or Tax Deeds or property sold for taxes.



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$145,000 Mar 22, 2023
-
$57/mo
House
2 Beds
1 Bath
-
$134,500 Apr 25, 2023
-
$309/mo
House
2 Beds
1 Bath
-
$139,900 Apr 3, 2023
-
$97/mo
House
2 Beds
1 Bath
-
$144,900 Apr 18, 2023
-
$74/mo
Land
Loft
-
-
$150,000 Mar 27, 2023
-
$251/mo

About Jackson - University Area


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Frequently Asked Questions

When was property at 723 North Merton Street built and last sold?
The property at 723 North Merton Street was built in 1930 and last sold on Jan 30, 2024 for $95,000.
How much is this home worth?
The estimated value of the home located at 723 North Merton Street is $116,150.
What are some comparable homes to 723 North Merton Street?
Homes that are comparable to 723 North Merton Street include a house property at 636 Eva Street, 727 Lipford Street, 2491 Princeton Avenue.

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