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268 N Avalon - Rehabbed and ready in Evergreen Historic District

11-04-09
Joe Spake
Joe Spake: Real Estate Agent in Memphis, TN
  • view my blog
  • Office: (901) 725-7766 x
  • Mobile: (901) 870-3440
  • Secondary: (901) 274-1847

Just listed this down to the studs rehab in Evergreen Historic District: Here's the Flyer:

268 N Avalon - Evergreen

268 N Avalon, Memphis, TN 38112 View Map

Down to the studs Rehab. Gleaming hardwoods, new carpet and paint, Knock-out Kitchen with Corian counter tops and stainless steel appliances.
Welcoming, full width, front porch with swing. Huge deck and 2 car garage in Back. You will love the sunroom off the living room, and the family room near the kitchen is great for entertaining. The Master suite up features built-ins, whirlpool, double sinks and separate shower.
Enjoy the many amenities of the Evergreen neighborhood: walk to the Zoo, Snowden School, and Rhodes.

Details

Asking Price:
269,900
MLS:
3184756
Bedrooms:
3
Bathrooms:
3.5
# of Floors:
2
Garage Size:
2 car
Subdivision:
Evergreen
Year Built:
1922

Property Amenities

    - Range/Oven
    - Sink Disposal
    - Full Refrigerator
    - Washer/Dryer
    - Dishwasher
    - Hardwood floors
    - Basement
    - Security System
    - Attic
    - Deck
    - Grass Lawn
    - Yard
    - Fenced Yard
    - Central A/C
    - Central Heat
    - Walk-in closet
    - Tile floor
    - Family room
    - Living room
    - Bonus/rec room
    - Dining Room
    - Breakfast nook
    - Stainless steel appliances
    - Laundry area - inside

Contact Info

Joe Spake
Broker



Main 901 725-7766
Cell 901 870-3440
Dir 901 274-1847
Email | Website

All information is deemed reliable but is not guaranteed.

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Blog_tag

Daylight Saving Time ends Sunday

10-29-09
Joe Spake
Joe Spake: Real Estate Agent in Memphis, TN
  • view my blog
  • Office: (901) 725-7766 x
  • Mobile: (901) 870-3440
  • Secondary: (901) 274-1847

Spring Forward - Fall Back

Most of us in the USA revert back to Standard Time on Sunday Morning, November 1. Set your time keeping devices back one hour before you go to bed Saturday night if they don't take care of it themselves. Don't forget to remind your clients. There always seems to be a handful that forgets about it. They will be very grateful to you
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3 years olds eating Chinese & a little Memphis Real Estate Investing Advice!

10-29-09
Chris Clothier
Chris Clothier: Real Estate - Other in Memphis, TN
  • view my blog
  • Office: (901) 751-7191
  • Mobile: (901) 212-9647

I was recently asked about a post I did some time ago with my then 3-year old son. I decided to update it a bit and re-release it. It is amazing how much we can learn when we don't know fear.

One night, when my family was out to dinner, 3 year old gave me an idea about how to explain the need to get over your fear if you are going to be a successful real estate investor in Memphis. The perfect storm for real estate investors to purchase great investment properties in Memphis will not last forever. With a company like Memphis Invest, regardless of past experience, we can assist investors with building high quality portfolios of Memphis cash flow properties. Here's the story.....

3 Year old with chopsticks!

On Monday night we took our 3 year old out for Chinese on his birthday. He loves everything that is edible and will try almost anything unlike his 7 year old brother. So here he is with his chopsticks wrapped around a just delivered egg roll that's as big as his fist and determined to get it in his mouth. You see, he set a goal - he was going to get a bite of that egg roll one way or another. Being that it was just made and delivered fresh, it was still a little hot and his first bite gave him quite a shock. He quickly shot that first bite back on the plate with a look of disgust on his face and grabbed his water to cool off his tongue. After I explained to him that he needed to blow on it to let it cool off before taking a bite he proceeded to try that bite again and loved it!

It was so funny watching him eat the rest of his egg roll, blowing on every bite from every direction, but enjoying every bit of it! He ate the whole egg roll along with everything else we put in front of him that night. While watching him it occurred to me that he learned from his own experience, listened to someone else tell him how to achieve his goal and went after it again - savoring his victory! I can guarantee he will eat more egg rolls in the future. So how in the heck does that relate to Real Estate??

Most investors I have talked to in the past have always known they wanted to invest. And almost everyone of them has had a set back - a shock - taken a "hot bite" that scared them a little. The successful ones have all taken their time to regroup and figure out how to not get burned again. They've learned from their mistakes, sought out advice and help and some have even gone to work building a better team to surround themselves with. All have ended up enjoying their experience and growth as real estate investors.

The important lesson is that not all deals are going to go super smooth. Some are going to leave you with bumps, bruises and burns, but in the long run those all heal and your real estate portfolio should leave you smiling!
--------------------------

MemphisInvest.com is a full service real estate investment company that offers turn key investment opportunities by specializing in assisting investors from around the county who seek to develop wealth building portfolios of cash flow properties in Memphis, TN. Memphis Invest is family owned and all of the principles are full time real estate investors, each with large portfolios of Memphis properties. Stop by our website at www.MemphisInvest.com or contact us at 1-877-773-9998 today! Best of luck with all your real estate investing.

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What's my Memphis are home really worth?

10-16-09
Joe Spake
Joe Spake: Real Estate Agent in Memphis, TN
  • view my blog
  • Office: (901) 725-7766 x
  • Mobile: (901) 870-3440
  • Secondary: (901) 274-1847
What is the real value of your house in the Memphis area? By definition the value of a property, be it a house, a car or a horse, is what a willing seller is willing to accept and what an able buyer is willing to pay. The agreed amount of the executed transaction is true value. That being said, there are resources to approximate true value. We realtors are called upon to provide valuation information when we list a house or represent buyers. You trust us for our expertise in pulling together sales history, market information, competition, neighborhood conditions, and other factors to come up with a reasonable valuation, based on our knowledge in real estate sales. An appaisal is a formalized declaration of value by a licensed real estate appraiser. But appraisals produce more than just a magic number. Appraisal information is driven by variables such as type of loan applied for, government guidelines, and appraiser knowledge of neighborhood. The Memphis Area Association of Realtors and Chandler Reports, a private company, maintain separate databases of property information and sales data, that realtors and appraisers draw from. The Shelby County Tax Assessor's office appraises properties for the purposes of taxation. It is physically impossible to do a full appraisal on all properties in the County every 3 years, so updates to appraisals are based on computer models, and often do not reflect actual comparable sales data. Evidence of the imperfection of the system can be seen in the significant number of property owners who appeal successfuly in having Assessor appraisals changed. So here we are in 2009, in the domain of web 2.0. We are seeing valuations of local properties from companies no where close to Memphis. Using public and consumer provided information and ever evolving algorithms, companies like Zillow, Trulia, and Cyberhomes are providing valuation information. It is interesting to compare the valuations provided by these sources. Check your house (or a house you have wondered about) at the Assessor's site, and an online site like Zillow. They are free. You may be shocked by the difference. For a fee Chandler will provide you with comparable information about property; an appraisal will caost you usually $300-400, or you can call your realtor to pull it all together for you.
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Job Growth in Memphis is great news for Memphis Real Estate Investments

09-24-09
Chris Clothier
Chris Clothier: Real Estate - Other in Memphis, TN
  • view my blog
  • Office: (901) 751-7191
  • Mobile: (901) 212-9647

Two Tennessee companies announce that they could be adding as many as 250 jobs to the Memphis area with an average salary of $42,500 plus benefits if all goes as planned.

For real estate investors who buy properties in Memphis for investment, this is fantastic news that only adds to Memphis' already attractive investment picture.

See News Story Here

Memphis continues to have a strond work force and is positioned for solid growth in jobs and pay as the economy continues to turn around. The great thing about the jobs being created is that they are in sustainable industries where workers are being taught skills that make our workforce attractive to other companies thinking about relocating to Memphis.

These are all positive factors for Memphis and should mean our rental numbers continue to stay strong. With over 50% of the population renting their housing, more jobs and better pay should translate into stronger rental rates and lower late pay rates and vacancies. It's a little early to say exactly how this will effect Memphis real estate investors or their Memphis investment properties, but all good news on the job market is good news for investors looking to invest in Memphis real estate.

We'll keep you posted on more news from the job front in Memphis!

Chris

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