Check Availability
$249,000
↓ $16K (6%)
House - For Sale

994 FORREST

Memphis, TN 38105
bedrooms
4 Beds
bathrooms
2.5 Baths, 1 Half Bath
$1,295
Estimated Monthly
$0
HOA / Fees
2.62%
Cap Rate

About This Property

Welcome home to this 4 bed, 2 and a half bath midtown charmer! Listed at $289,900 with $3000 offered for buyer's closing costs! Huge list of renovations including all new: HVAC system, electrical and plumbing, roof, all flooring, granite countertops and more! Located in a great neighborhood, enjoy a walk to Crosstown Concourse and a short ride to East Memphis and downtown. With almost 1900 sf there is ample space in this home for all of your needs.
Unit Size
-
Days on Market
89 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$72
HOA Dues
-
Year Built
1930
Listed By
Last updated: 13 days ago (MAARTN #10165568)

Price History

Date / Event Date Event Price
Apr 25, 2024 Price Decreased $249,000
↓ $16K (6%)
Price Decreased
Mar 31, 2024 Price Decreased $265,000
↓ $11K (4%)
Price Decreased
Mar 7, 2024 Price Decreased $275,900
↓ $9K (3.2%)
Price Decreased
Mar 6, 2024 Price Decreased $284,900
↓ $5K (1.7%)
Price Decreased
Feb 8, 2024 Listed by KAIZEN Realty $289,900
Listed by KAIZEN Realty
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,110
  • Gross Building Area: 3,164
  • Building Area: 2,070
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,070
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: GALLOWAY PARK
  • Land Acres: 0.144
  • Legal Description 1: NS FORREST

Ownership

  • Current Owner : MAG MILES DESIGN LLC
  • Previous Owner : WALLS CLINTON D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002400

Zoning

  • Zoning: RU-3

Geography

  • Assessors Map Reference: MB 6-118
  • District: O
  • Parcel: 02-1121-0-0024
  • Block: 9
  • Lot: 37
  • Municipality: MEMPHIS
  • Latitude: 35.1539
  • Longitude: -90.0259

    Address

  • Full Address: 994 Forrest Ave
  • Address - House Number: 994
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C053
  • 4-Digit Zip Code: 2308
  • Zip Code: 38105

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $868

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 64
  • Final Value: 189,182
  • High Value: 236,238
  • Low Value: 142,126

    Market Valuation

  • Market Total Value: $57,000
  • Market Land Value: $4,500
  • Market Improvement Value: $52,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,250
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $13,125

    Sales

  • Current Sale Contract Date: May 15, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Transaction ID: 11907462665
  • Current Sale Price: $66,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 43731

    Last Sale Mortgage

  • First Mortgage Lender: CRESTCORE FINANCIAL LLC
  • First Mortgage Transaction Date: Jun 05, 2023
  • First Mortgage Loan Amount: $232,500
  • First Mortgage Terms: 5
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Dec 10, 2023

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
-
$279,000 Oct 17, 2023
-
$795/mo
House
4 Beds
3 Baths
-
$279,000 Jan 23, 2024
-
$78/mo
House
3 Beds
2 Baths
-
$278,000 Jan 12, 2024
-
$834/mo
House
3 Beds
3 Baths
-
$265,000 Nov 30, 2023
-
$123/mo
House
3 Beds
1 Bath
-
$330,000 Jan 12, 2024
-
$290/mo
House
3 Beds
2.5 Baths
-
$237,500 Nov 20, 2023
-
$45/mo
Multifamily
6 Beds
3 Baths
-
$245,900 Sep 27, 2023
-
$136/mo

About North Memphis


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Frequently Asked Questions

When was property at 994 Forrest Avenue built and last sold?
The property at 994 Forrest Avenue was built in 1930 and last sold on May 15, 2023 for $66,000.
How much is this home worth?
The estimated value of the home located at 994 Forrest Avenue is $278,659.
What are some comparable homes to 994 Forrest Avenue?
Homes that are comparable to 994 Forrest Avenue include a house property at 965 Faxon Avenue, 1235 Tutwiler Avenue, 1036 Forrest Avenue.

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