NOT LISTED FOR SALE

3131 Ridgecrest St Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $89,000 - $106,000

3 Beds
1 Bath
980 Sq Ft
$99/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $70,000 $71 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $558/month

46 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Central Heating and Cooling System
  • Wood Flooring
  • Patio
  • Property has 3 Levels

About This Home

As of April 2021

INVESTORS ONLY!! DO NOT DISTURB TENANT. 3 bedroom, 1 bathroom brick house, rented for $675/month, managed by a Local Professional Management Company. Lease renews 9/30/2021. Tenant moved in 9/7/2016. Renovated in 2014 including: brand new roof, AC, furnace & A-coil. Repair and maintenance history available upon request. Multiple properties rehabbed to a high standard with professional management available.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $954

Year Built

  • Built in 1952

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 100x100

Parking

  • Parking Pad

Home Design

  • Traditional Architecture

Interior Spaces

  • 980 Sq Ft Home
  • Property has 3 Levels
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Ridgecrest Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 070013 00052

Home Details

Home Type

Single Family

Est. Annual Taxes

$954

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1952
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area: 980
  • Living Area Units: Square Feet

Exterior Features

  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Pad

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.35
  • Lot Size: 100X100
  • Lot Size Units: Acres
  • Parcel #: 070013 00052
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 954
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2022
Sold by
Porter Zechondra L
Bought by
Zechondra L Porter Family Trust
Current Estimated Value
$96,616

Purchase Details

Listed on
Mar 12, 2021
Closed on
Apr 23, 2021
Sold by
Esh David
Bought by
Porter Zechondra
List Price
$71,900
Sold Price
$70,000
Premium/Discount to List
-$1,900
-2.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$56,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2014
Sold by
Mid South Homebuyers Inc
Bought by
Esh David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,620
Interest Rate
4.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 19, 2014
Closed on
Apr 22, 2014
Sold by
Donovan Shaun
Bought by
Mid South Homehuyer Inc
Seller's Agent
Crystal Mitchell
Crye-Leike Inc., REALTORS
Buyer's Agent
Jessica Buffington
HelloHome
List Price
$16,388
Sold Price
$14,700
Premium/Discount to List
-$1,688
-10.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.79%

Purchase Details

Closed on
Aug 14, 2013
Sold by
Brown Warren L and Brown William M
Bought by
The Secretary Of Hud Of Washington Dc
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
Zechondra L Porter Family Trust -- None Listed On Document
Porter Zechondra $70,000 Saddle Creek Title Llc
Esh David $52,700 None Available
Mid South Homehuyer Inc $14,700 None Available
The Secretary Of Hud Of Washington Dc $20,285 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Porter Zechondra $56,000
Previous Owner Esh David $31,620
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2021 04/27/21 Sold $70,000 -2.6% $71 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $71,900 +389.1% $73 / Sq Ft
04/22/2014 04/22/14 Sold $14,700 -10.3% $15 / Sq Ft View Prior Sale
03/11/2014 03/11/14 Pending -- -- --
01/19/2014 01/19/14 For Sale $16,388 -- $17 / Sq Ft
Source: Realtracs

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 $607 $24,775 $1,950 $22,825
2024 $607 $17,900 $1,600 $16,300
2023 $1,090 $17,900 $1,600 $16,300
2022 $1,090 $17,900 $1,600 $16,300
2021 $1,103 $17,900 $1,600 $16,300
2020 $955 $13,175 $1,600 $11,575
2019 $421 $13,175 $1,600 $11,575
2018 $421 $13,175 $1,600 $11,575
2017 $431 $13,175 $1,600 $11,575
2016 $444 $10,150 $0 $0
2014 $444 $10,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Crystal Mitchell

    Seller's Agent in 2014

    Crystal Mitchell

    Crye-Leike

    (901) 461-6828

    1 in this area

    50 Total Sales

    Crystal Mitchell
    Section Image
  • Jessica Buffington

    Buyer's Agent in 2014

    Jessica Buffington

    HelloHome

    (901) 282-8443

    60 Total Sales

    Jessica Buffington
    Section Image
See All Agents

Map

Source: Realtracs

MLS Number: 3024336

Realtracs

APN: 07-0013-0-0052

Tennessee Shelby County Memphis 38127 Frayser

3131 Ridgecrest St, Memphis, TN

This home is located at 3131 Ridgecrest St, Memphis, TN 38127 since 12 March 2021 and is currently estimated at $96,616, approximately $98 per square foot. This property was built in 1952. 3131 Ridgecrest St is a home located in Shelby County with nearby schools including Whitney Achievement Elementary School, Grandview Heights Middle, and Trezevant High School.

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