|Home sq ft||1500|
|Plot sq ft||8400|
A delightful 1500sq ft single family home built in 1962 and sitting on a 8400sq ft plot of land. The property offers 3 bedrooms, 2 bathrooms and is located in the established Shelby Forest-Frayser neighbourhood of Memphis benefiting from numerous amenities including shops and restaurants. The home is also within reach of shopping centres including the Georgian Hill Shopping Centre and the Frayser Village Shopping Centre, there are several school in the area and the house is just down the road from the local bus route making for convenient travel around the city.
The comparable value for this property is based on the sale of similar properties in the same area, and is calculated using the average price per square foot multiplied by the square foot of this property. This figure is an indication of the possible value of this property. The comparable value is not the same as the OwnBrix value as several other considerations are taken into account when calculating the value on OwnBrix.
|Price||Sq Ft||Price Per Sq Ft|
|OwnBrix Current Value||$52,460||1,500||$34.97|
The Comparable Value of $69,158 means that the current value on OwnBrix.com is at a 24.15% discount compared to local comparable property sales.
All properties listed below have been sold in the area local to this OwnBrix property, and are considered to be comparable in terms of size, location and overall condition.
|Property Address||Date of Sale||Price||Sq Ft||Price per Sq Ft||Distance From Property (miles)|
|3840 Denver St||22-01-2015||$59,700||1,210||$49.34||0.40|
|2136 Townsend Ave||26-02-2015||$52,900||1,195||$44.27||0.50|
|3775 Argonne St||10-04-2015||$56,700||1,267||$44.75||0.70|
19th May 2016 The lease on the property has been renewed. Details of the contract and rent PCM can be found on the property page.
19th May 2015 New comparable property sales figures for the local area have been added, view them on the property page under the Valuation tab.
12th Mar 2015 The lease on the property has been renewed. Details of the contract and rent PCM can be found on the property page.
24th Sep 2014 New comparable property sales figures for the local area have been added, view them on the property page under the Valuation tab.
¹All figures are calculated as price per annum, for the whole property, unless stated otherwise.
²Total annual running costs for the property, see panel below.
³All costs are calculated as estimated price per month, per Brix®.