Memphis recently-sold prices all over (6k to 228k+) in an area

[Account Closed]

Hi all,

Got a question for the Memphis, TN experts out there:

I couldn't help but notice that recently sold listings in this region just North of Sourthern Ave, in zip code 38111 has recently-sold houses all over the place, ranging from 6k to 228k and more. Was wondering if anyone know what could explain recently-sold properties varying so much for houses that are on the same block, or just 2 blocks apart?

It seems like this region is safer than most other parts of Memphis according to neighborhoodscout and a 5 minute drive from U of M.

I included an image below. What's a reasonable price to pay for a fully renovated house on Haynes St. for instance?

[Curt Davis]

This is a unique area that has a combination of junkers as well as nice retail homes. I dont trust sources like Zillow but pricing is all over the place here. This is where you really need to know what you are getting.  There are several bad areas all over this area, the U of M is not in the nicest area. Only reason why some houses around it towards the south are good is bc of college rentals and a handful of home owners.  Its a yuppie community over there.  

I would ask Alex Craig to chime in on this one as he personally owns a triplex on Kearney over there.