|Home sq ft||921|
|Plot sq ft||6540|
A wonderful single family home built in 1944 this property consists of 2 bedrooms and 1 bathroom and is approximately 921 sq ft in size with a 6,540 sq ft plot of land. The property is located in the Berclair-Highland Heights neighbourhood of Memphis, the location provides easy access to major routes and is within close proximity to schools and parks. Local amenities include: Shopping centers, restaurants and supermarkets.
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||$29,940||921||$32.51|
The Comparable Value of $40,728 means that the current value on OwnBrix.com is at a 26.49% 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)|
|1183 National St||06-06-2014||$34,750||700||$49.64||0.20|
|3447 Buchanan Ave||25-03-2015||$43,000||1,128||$38.12||0.10|
|1145 N Highland St||19-03-2015||$60,000||1,287||$46.62||0.30|
31st Jan 2017 The property has now been leased. Details of the contract and rent PCM can be found on the property page.
1st Dec 2016 Tenant applications are being received for the property.
3rd Oct 2016 The lease on the property has expired. New applicants are now actively being searched for.
27th Oct 2015 The property has now been leased. Details of the contract and rent PCM can be found on the property page.
7th Aug 2015 A new tenant has been found for the property. Background and credit checks are currently being conducted before the lease agreement is signed.
7th Jun 2015 The lease on the property has expired. New applicants are now actively being searched for.
18th May 2015 New comparable property sales figures for the local area have been added, view them on the property page under the Valuation tab.
April 2014 Tenant found move in 1st June at a rent of $6,000 p.a
March 2014 The property is now refurbished, and we are advertising for a tenant.
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®.