NOT LISTED FOR SALE

3016 Cromwell Ave Memphis, TN 38118

Oakhaven Neighborhood

Estimated Value: $78,000 - $120,920

3 Beds
1 Bath
1,000-1,199 Sq Ft
$85/Sq Ft Est. Value

Last Sold October 24, 2023

Last sale price $88,500 $74 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $677/month

18 Days on Market

About This Home

As of October 2023

What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 09/14/2023

Last Buyer's Agent

Melissa Wilbanks

Crye-Leike, Inc., REALTORS License #277840

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 69x195

Parking

  • 1 Parking Space

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,151 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Kensington Gardens Blk B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 060200 00038

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 771B
  • MAAR Subdivision Name: KENSINGTON GARDENS BLK B
  • Number Of Stories: 1
  • Price Per Sq Ft: 76.89
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1151
  • Year Built: 1958
  • List Price/ Sq Ft: 78
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 106
  • Acreage: 0.3
  • Lot Size: 69X195
  • Price Per Acre: 300000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 060200 00038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2024
Sold by
Gp Memphis Cashflow
Bought by
Chhoda Real Estate Llc
Current Estimated Value
$106,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,107,075
Outstanding Balance
$1,098,868
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
-$990,213

Purchase Details

Listed on
Jul 16, 2021
Closed on
Sep 29, 2021
Sold by
Providen Trust Company Llc
Bought by
Vb One Llc
Seller's Agent
Itzel Sanchez Bustamante
Keller Williams
Buyer's Agent
Bryan Rhoads
LKV Realty, LLC
List Price
$92,500
Sold Price
$89,000
Premium/Discount to List
-$3,500
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%

Purchase Details

Listed on
Oct 9, 2013
Closed on
Dec 6, 2013
Sold by
Memphis Invest Gp
Bought by
Provident Trust Group Llc
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$71,900
Sold Price
$70,900
Premium/Discount to List
-$1,000
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$2,575
Interest Rate
4.57%
Mortgage Type
Unknown

Purchase Details

Listed on
Jan 20, 2013
Closed on
Oct 3, 2013
Sold by
Thomas Fred
Bought by
Memphis Invest Gp
Seller's Agent
James Haley
Neighborhood Asst Corp of Amer
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$45,000
Sold Price
$22,500
Premium/Discount to List
-$22,500
-50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58681.80%
Original Mortgage
$2,575
Interest Rate
4.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 19, 1999
Sold by
Nichols Freddie B and Nichols Ruby F
Bought by
Thomas Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.58%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chhoda Real Estate Llc $778,400 None Listed On Document
Vb One Llc $89,000 Total Title Services Llc
Provident Trust Group Llc $70,900 None Available
Memphis Invest Gp $22,500 Regency Title And Escrow Ll
Thomas Fred $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chhoda Real Estate Llc $1,107,075
Previous Owner Memphis Invest Gp $2,575
Previous Owner Thomas Fred $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2023 10/24/23 Sold $88,500 -1.7% $89 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $90,000 +1.1% $90 / Sq Ft
10/05/2021 10/05/21 Sold $89,000 -1.1% $89 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/13/2021 08/13/21 Price Changed $90,000 -2.7% $90 / Sq Ft
08/02/2021 08/02/21 For Sale $92,500 0.0% $93 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $92,500 +30.5% $93 / Sq Ft
12/06/2013 12/06/13 Sold $70,900 -1.4% $71 / Sq Ft
11/04/2013 11/04/13 Pending -- -- --
10/09/2013 10/09/13 For Sale $71,900 +219.6% $72 / Sq Ft
10/03/2013 10/03/13 Sold $22,500 -50.0% $23 / Sq Ft
05/13/2013 05/13/13 Pending -- -- --
01/20/2013 01/20/13 For Sale $45,000 -- $45 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $25,325 $3,375 $21,950
2024 -- $18,875 $2,750 $16,125
2023 $1,150 $18,875 $2,750 $16,125
2022 $1,150 $18,875 $2,750 $16,125
2021 $512 $18,875 $2,750 $16,125
2020 $1,029 $14,200 $2,750 $11,450
2019 $454 $14,200 $2,750 $11,450
2018 $454 $14,200 $2,750 $11,450
2017 $465 $14,200 $2,750 $11,450
2016 $589 $13,475 $0 $0
2014 $589 $13,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2023

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    62 in this area

    1,429 Total Sales

    Section Image
  • Melissa Wilbanks

    Buyer's Agent in 2023

    Melissa Wilbanks

    Crye-Leike

    (901) 438-1107

    1 in this area

    92 Total Sales

    Section Image
  • Itzel Sanchez Bustamante

    Seller's Agent in 2021

    Itzel Sanchez Bustamante

    Keller Williams

    (901) 378-4334

    17 in this area

    604 Total Sales

    Section Image

  • B

    Buyer's Agent in 2021

    Bryan Rhoads

    LKV Realty, LLC

    (844) 453-1398

    3 in this area

    31 Total Sales

    Section Image

  • J

    Seller's Agent in 2013

    James Haley

    Neighborhood Asst Corp of Amer

  • M

    Seller's Agent in 2013

    Mark Saller

    Reedy Group II, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10156652

Memphis Area Association of REALTORS®

APN: 06-0200-0-0038

Tennessee Shelby County Memphis 38118 Oakhaven

3016 Cromwell Ave, Memphis, TN

This home is located at 3016 Cromwell Ave, Memphis, TN 38118 since 14 September 2023 and is currently estimated at $101,980, approximately $85 per square foot. This property was built in 1958. 3016 Cromwell Ave is a home located in Shelby County with nearby schools including Oakhaven Elementary School, Oakhaven Middle School, and Oakhaven High School.

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