Check Availability
$59,000
House - For Sale

549 CAMBRIDGE

Memphis, TN 38106
bedrooms
3 Beds
bathrooms
1 Bath
$323
Estimated Monthly
26.79%
Cap Rate

About This Property

Investors! This tenant occupied bungalow with 3 bedrooms and 1 bath and a large kitchen is available for new owners! Located just south of downtown Memphis, this home is a perfect candidate to perform a value-add renovation and rent for more money. Currently rented through 2/28/2025 for $900/mo. Do not disturb the tenants. Call today for more info!
Unit Size
-
Days on Market
18 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$33
HOA Dues
-
Year Built
1973

Listed By

Last updated: 17 days ago (MAARTN #10174441)

Price History

Date / Event Date Event Price
Jun 12, 2024 Listed by Sowell and Company Realtors $59,000
Listed by Sowell and Company Realtors
Apr 6, 2022 Sold $37,000
Sold
Jun 15, 2021 Sold to Dondre Turner $15,000
Sold to Dondre Turner
Oct 4, 2019 Sold to Realty And Investments Llc ... $5,000
Sold to Realty And Investments Llc ...
Oct 3, 2008 Sold to Trust Co Equity $67,042
Sold to Trust Co Equity

Property Highlights

Air Conditioning
Interior Details

Interior Information

Security System

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,020
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 300
  • Total Building Area: 940
  • Gross Building Area: 940
  • Building Area: 940
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 940
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: RANDOLPH
  • Land Acres: 0.092
  • Legal Description 1: SS CAMBRIDGE

Ownership

  • Current Owner : 549 CAMBRIDGE AVENUE LAND TRUST
  • Previous Owner : DONDRE TURNER
  • Owner Before Previous Owner: ERIKA FITCH
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: unknown
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 005900

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 4-38
  • District: O
  • Parcel: 02-5052-0-0015
  • Lot: 27
  • Municipality: MEMPHIS
  • Latitude: 35.1128
  • Longitude: -90.0441

    Address

  • Full Address: 549 Cambridge Ave
  • Address - House Number: 549
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C045
  • 4-Digit Zip Code: 3001
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $391
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 47,059
  • High Value: 59,507
  • Low Value: 34,611

    Market Valuation

  • Market Total Value: $25,700
  • Market Land Value: $3,000
  • Market Improvement Value: $22,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,425
  • Assessed Land Value: $750
  • Assessed Improvements Value: $5,675

    Sales

  • Current Sale Contract Date: Mar 08, 2022
  • Current Sale Recording Date: Apr 06, 2022
  • Current Sale Transaction ID: 11884292034
  • Current Sale Price: $37,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 39160
  • Previous Sale Recording Date: Jun 15, 2021
  • Previous Sale Contract Date: Jun 04, 2021
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: AVALON CAPITAL LLC
  • Previous Mortgage Transaction Date: Jun 15, 2021
  • Previous Mortgage Loan Amount: $20,000
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Dec 04, 2021

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
1 Bath
-
$60,000 Dec 6, 2023
-
$58/mo

About South Memphis Planning Dist


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Frequently Asked Questions

When was property at 549 Cambridge Avenue built and last sold?
The property at 549 Cambridge Avenue was built in 1973 and last sold on Mar 8, 2022 for $37,000.
How much is this home worth?
The estimated value of the home located at 549 Cambridge Avenue is $59,590.
What are some comparable homes to 549 Cambridge Avenue?
Homes that are comparable to 549 Cambridge Avenue include a house property at 541 East Trigg Avenue, located in Memphis, TN.

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