NOT LISTED FOR SALE

3164 Raleigh Ridge Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $206,000 - $222,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$120/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $183,000 $102 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,210/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Living Room
  • Traditional Architecture
  • Some Wood Windows
  • Tile Flooring

About This Home

As of April 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1350 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 02/14/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $964

Year Built

  • Built in 1975

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 85x125
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,673 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Living Room
  • Dining Room
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Raleigh Ridge Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 087053 A00053

Home Details

Home Type

Single Family

Est. Annual Taxes

$964

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 733A
  • MAAR Subdivision Name: RALEIGH RIDGE PARK
  • List Price Per Sq Ft: 109
  • Number Of Stories: 1
  • Price Per Sq Ft: 109.38
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1673
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 53
  • Acreage: 0.24
  • Lot Size: 85X125
  • Price Per Acre: 762500

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 087053 A00053

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Apr 25, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Onto Keith
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$183,000
Sold Price
$183,000
Current Estimated Value
$215,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,484
Avg. Annual Appreciation
4.77%
Original Mortgage
$146,400
Outstanding Balance
$137,386
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$78,098

Purchase Details

Closed on
Jan 19, 2022
Sold by
Duren Aven E and Duren Debbie W
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 1998
Sold by
Miller Robert C and Miller Carol
Bought by
Duren Aven E and Duren Debbie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,954
Interest Rate
6.61%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Onto Keith $183,000 Delta Title Services
Memphis Investment Properties Iii Llc $118,000 Delta Title Services Llc
Duren Aven E $88,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Onto Keith $146,400
Previous Owner Memphis Investment Properties Iii Llc $146,000
Previous Owner Duren Aven E $88,954
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2022 04/26/22 Sold $183,000 0.0% $114 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $183,000 -- $114 / 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 $964 $53,275 $6,250 $47,025
2024 $964 $28,425 $5,225 $23,200
2023 $1,732 $28,425 $5,225 $23,200
2022 $1,732 $28,425 $5,225 $23,200
2021 $1,752 $28,425 $5,225 $23,200
2020 $1,418 $19,575 $5,225 $14,350
2019 $626 $19,575 $5,225 $14,350
2018 $626 $19,575 $5,225 $14,350
2017 $640 $19,575 $5,225 $14,350
2016 $843 $19,300 $0 $0
2014 $843 $19,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    402 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    419 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10117736

Memphis Area Association of REALTORS®

APN: 08-7053-A0-0053

Tennessee Shelby County Memphis 38128 Raleigh

3164 Raleigh Ridge Dr, Memphis, TN

This home is located at 3164 Raleigh Ridge Dr, Memphis, TN 38128 since 14 February 2022 and is currently estimated at $215,484, approximately $119 per square foot. This property was built in 1975. 3164 Raleigh Ridge Dr is a home located in Shelby County with nearby schools including Brownsville Rd Elementary School, Craigmont Middle School, and Craigmont High School.

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