LOCATION PROPERTY SUMMARY

Property Address 1448 Dellwood Ave MAAR Data # 122814

Memphis, TN 38127
Class Commercial
MAAR Subdivision Ridgecrest 1st Add
Land Use Apartment
Legal Subdivision Ridgecrest First Addition
MAAR Square Feet 36800
County/MLS Area Shelby/726C
Beds / Baths / .0
GENERAL PARCEL INFORMATION Stories
Parcel ID/Tax ID 070010 00018
Year Built
Alternate Parcel ID
Lot Dim /Acres / 1.35
Account Number
Lot Square Feet 58,912
District/Ward Memphis
Last Sale $2,597,000 on 4/3/2023 N(WD)
2020 Census Trct/Blk 101.22/2 SQFT Seller Concessions N/A

Assessor Roll Year 2023 CURRENT OWNER

Plat Book/Page 18/44 Name Duke Investments Capital Enterprises LLC

Zoning Code RU-3- Residential Urban-3 Mailing Address 3800 Contractors Pl

Memphis, TN 38115
Permits Permits
SCHOOL ZONE INFORMATION
Frayser Corning Elementary School 0.3 mi
Elementary: Pre K to 5 Distance

Westside Achievement Middle School 1.3 mi

Middle: 6 to 8 Distance

Martin Luther King Preparatory High School 0.1 mi

High: 9 to 12 Distance

SALES HISTORY THROUGH 11/08/2023

Date Amount Buyer/Owners Instrument Book/Page or Seller Concessions Sale Type
Document#

4/3/2023 $2,597,000 Duke Investments Capital Enterprises Warranty 23027150 Normal Sale
LLC

2/11/2022 $1,540,000 Jules Verne LLC Warranty 22023018 Normal Sale

4/27/2006 $675,000 Normil Jeffrey Warranty 06080458 Normal Sale

TAX ASSESSMENT
Appraisal Amount Assessment Amount Jurisdiction Rate

Appraisal Year 2023 Assessment Year 2023 Memphis 2.70164

Appraised Land $79,500 Assessed Land Shelby County 3.39

Appraised Improvements $569,300 Assessed Improvements

Total Tax Appraisal $648,800 Total Assessment $259,520

Exempt Amount

Exempt Reason

TAXES
Tax Year City Taxes County Taxes Total Taxes

2022 $7,011.30 $8,797.73 $15,809.02

2021 $7,040.90 $8,953.44 $15,994.34

© 2004-2023, Memphis Area Association of REALTORS®

© 2023 Courthouse Retrieval System. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
 Property Detail for 1448 DELLWOOD AVE, cont.

2020 $7,890.25 $9,998.64 $17,888.89

2019 $7,890.26 $9,998.64 $17,888.90

2018 $7,875.47 $9,998.64 $17,874.11

2017 $8,076.43 $10,146.77 $18,223.20

2016 $8,402.08 $10,799.14 $19,201.22

2014 $8,402.08 $10,799.14 $19,201.22

2013 $8,402.08 $10,823.86 $19,225.94

MORTGAGE HISTORY
Date Loan Amount Borrower Lender Book/Page or Document#

02/15/2022 $1,855,000 Arion Fund LLC Jules Verne 22023019

02/15/2022 $3,600,000 Jules Verne LLC Crenshaw Alan S 22023021

01/16/2013 $22,150 Normil Jeffrey City Of Memphis 13032379

01/16/2013 $24,000 Normil Jeffrey City Of Memphis 13032380

04/27/2006 $487,500 Normil Jeffry Commercial Funding 06080459

FORECLOSURE HISTORY
No foreclosures were found for this parcel.

PROPERTY CHARACTERISTICS: BUILDING

Building # 1

Type Apt <100 Units Condition Units 4

Year Built 1959 Effective Year Stories 2

BRs 12 Baths 4 F H Rooms

Total Sq. Ft. 4,150

Building Square Feet (Living Space) Building Square Feet (Other)

- CONSTRUCTION

Quality D Average Roof Framing

Shape Roof Cover Deck

Partitions Cabinet Millwork

Common Wall Floor Finish

Foundation Interior Finish

Floor System Air Conditioning Central Heat & Air

Exterior Wall Brick Veneer Heat Type Hot Air

Structural Framing Woodframe/Joist/Beam Bathroom Tile

Fireplace Y Plumbing Fixtures

- OTHER

Occupancy Building Data Source

PROPERTY CHARACTERISTICS: BUILDING

Building # 2

Type Apt <100 Units Condition Units 16

Year Built 1959 Effective Year Stories 2

BRs 32 Baths 16 F H Rooms

Total Sq. Ft. 13,000

Building Square Feet (Living Space) Building Square Feet (Other)

- CONSTRUCTION
© 2004-2023, Memphis Area Association of REALTORS®
© 2023 Courthouse Retrieval System. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
 Property Detail for 1448 DELLWOOD AVE, cont.
- CONSTRUCTION

Quality D Average Roof Framing

Shape Roof Cover Deck

Partitions Cabinet Millwork

Common Wall Floor Finish

Foundation Interior Finish

Floor System Air Conditioning Central Heat & Air

Exterior Wall Brick Veneer Heat Type Hot Air

Structural Framing Woodframe/Joist/Beam Bathroom Tile

Fireplace Y Plumbing Fixtures

- OTHER

Occupancy Building Data Source

PROPERTY CHARACTERISTICS: BUILDING

Building # 3

Type Apt <100 Units Condition Units 20

Year Built 1959 Effective Year Stories 2

BRs 44 Baths 20 F H Rooms

Total Sq. Ft. 19,650

Building Square Feet (Living Space) Building Square Feet (Other)

- CONSTRUCTION

Quality D Average Roof Framing

Shape Roof Cover Deck

Partitions Cabinet Millwork

Common Wall Floor Finish

Foundation Interior Finish

Floor System Air Conditioning Central Heat & Air

Exterior Wall Brick Veneer Heat Type Hot Air

Structural Framing Woodframe/Joist/Beam Bathroom Tile

Fireplace Y Plumbing Fixtures

- OTHER

Occupancy Building Data Source

PROPERTY CHARACTERISTICS: EXTRA FEATURES

Feature Size or Description Year Built Condition

Paving Asphalt <75000 Sqft 10000 1950 FAIR

PROPERTY CHARACTERISTICS: LOT

Land Use Apartment Lot Dimensions

Block/Lot /27Thru32 Lot Square Feet 58,912

Latitude/Longitude 35.213716°/-90.015593° Acreage 1.35

PROPERTY CHARACTERISTICS: UTILITIES/AREA

Gas Source Road Type

Electric Source Topography

Water Source District Trend

Sewer Source Special School District 1

© 2004-2023, Memphis Area Association of REALTORS®

© 2023 Courthouse Retrieval System. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
 Property Detail for 1448 DELLWOOD AVE, cont.
Zoning Code RU-3- Residential Urban-3 Special School District 2

Owner Type

LEGAL DESCRIPTION
Subdivision Ridgecrest First Addition Plat Book/Page 18/44

Block/Lot /27Thru32 District/Ward Memphis

Description Neighborhood: 00503C54

FEMA FLOOD ZONES

FIRM Panel Eff.
Zone Code Flood Risk BFE Description FIRM Panel ID Date

X Minimal Area of minimal flood hazard, usually depicted on FIRMs as 47157C0260F 09/28/2007
above the 500-year flood level.

SUBJECT SALES INFORMATION

$2,597,000 ON 04/03/23, Sale price is total for 2 parcels, Warranty Deed, 23027150. Recorded 2023.JULES VERNE LLC to DUKE INVESTMENTS CAPITAL
ENTERPRISES LLC. Loan $0, % Cash Sale Or Mortgage Type Unknown. Normal Sale. (Physical Data from Mls on 04/2023) Commercial.

$1,540,000 ON 02/11/22, Sale price is total for 2 parcels, Warranty Deed, 22023018. Recorded 2022.NORMIL JEFFREY to JULES VERNE LLC. Loan $0, %
Cash Sale Or Mortgage Type Unknown. Normal Sale. (Physical Data from Mls on 02/2022) Commercial.

$675,000 ON 04/27/06, Warranty Deed, 06080458. Recorded 1001. CANFIELD L P to NORMIL JEFFREY. Loan $0, % Cash Sale Or Mortgage Type
Unknown. Normal Sale. (Physical Data from Mls on 02/2022) Commercial.

LISTING ARCHIVE
MLS # Address Cat Status Sale Listing Agent List Date Sold Date CDOM List Price Sold Price

1448 Alan Stricklin

10129236 Dellwood Ave MULT Sold Normal Sale Crenshaw 07/21/2022 04/06/2023 256 $2,597,000 $2,597,000

10106173 1448 MULT Sold Normal Sale Jeffrey B Moore 08/04/2021 02/16/2022 82 $1,695,000 $1,540,000
Dellwood Ave (CRLI07)

1448 Jeffrey B Moore

10078853 Dellwood Ave MULT Expired Normal Sale (CRLI07) 06/17/2020 116 $1,450,000

1448 Jeffrey B Moore

10086855 Dellwood Ave MULT Expired Normal Sale (CRLI07) 06/17/2020 167 $1,450,000

10090014 1448 MULT Expired Normal Sale Jeffrey B Moore 06/17/2020 232 $1,450,000
Dellwood Ave (CRLI07)

1448 Jeffrey B Moore

10037833 Dellwood Ave MULT Expired Normal Sale (CRLI07) 09/30/2018 39 $1,650,000

1448 Jeffrey B Moore

3233364 Dellwood MULT Expired Normal Sale (CRLI07) 09/30/2011 264 $950,000
Avenue

1448 Jeffrey B Moore

3173870 Dellwood MULT Expired Normal Sale (CRLI07) 06/16/2009 92 $1,225,000
Avenue

© 2004-2023, Memphis Area Association of REALTORS®

© 2023 Courthouse Retrieval System. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.