NOT LISTED FOR SALE

3505 Buchanan Ave Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $98,000 - $130,000

3 Beds
1 Bath
1,069 Sq Ft
$107/Sq Ft Est. Value

About This Home

This home is located at 3505 Buchanan Ave, Memphis, TN 38122 and is currently estimated at $114,570, approximately $107 per square foot. 3505 Buchanan Ave is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Kingsbury High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Memphis Real Estate Ventures Llc
Bought by
Lerch Kenneth J and Lerch Kim E
Current Estimated Value
$114,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,925
Outstanding Balance
$92,204
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$22,692

Purchase Details

Closed on
Apr 7, 2022
Sold by
K And T Investment Inc
Bought by
Mobley Gregory

Purchase Details

Closed on
Jul 14, 2007
Sold by
K&T Investments
Bought by
Mobley Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 29, 2007
Sold by
Charles Claudette
Bought by
K&T Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 26, 2007
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Charles Claudette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 2, 2007
Sold by
Weller Harold and Weller Joy
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 4, 2001
Sold by
Skyline Investment
Bought by
Weller Joy and Weller Harold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,400
Interest Rate
7.05%

Purchase Details

Closed on
May 11, 2001
Sold by
Union Planters Bank Na
Bought by
Skyline Investment

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,400
Interest Rate
7.05%

Purchase Details

Closed on
Feb 23, 2001
Sold by
Magee Kimberley R
Bought by
Hud

Purchase Details

Closed on
Nov 30, 1998
Sold by
Brookfield Properties Inc
Bought by
Magee Kimberly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,400
Interest Rate
6.77%

Purchase Details

Closed on
Jun 17, 1997
Sold by
Hatley David R and Hatley Brenda F
Bought by
Hud

Purchase Details

Closed on
Jan 18, 1996
Bought by
Collier Laura C
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Lerch Kenneth J $127,900 Nexus Title & Escrow
Mobley Gregory -- New Title Company Name
Mobley Greg -- None Available
K&T Investments -- None Available
Charles Claudette $17,500 None Available
Federal Home Loan Mortgage Corporation $45,831 None Available
Weller Joy $53,000 American Title Co
Skyline Investment $21,000 --
Hud $53,861 --
Magee Kimberly R $49,900 --
Hud $32,307 --
Collier Laura C $33,184 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lerch Kenneth J $95,925
Previous Owner Mobley Gregory R $44,000
Previous Owner Weller Joy $42,400
Previous Owner Magee Kimberly R $48,400
Closed Magee Kimberly R $3,500
Source: Public Records

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 $425 $28,675 $2,075 $26,600
2024 $425 $12,525 $1,350 $11,175
2023 $763 $12,525 $1,350 $11,175
2022 $574 $9,425 $1,350 $8,075
2021 $581 $9,425 $1,350 $8,075
2020 $605 $8,350 $1,125 $7,225
2019 $267 $8,350 $1,125 $7,225
2018 $267 $8,350 $1,125 $7,225
2017 $273 $8,350 $1,125 $7,225
2016 $336 $7,700 $0 $0
2014 $336 $7,700 $0 $0
Source: Public Records

Map

Tennessee Shelby County Memphis 38122 Berclair

3505 Buchanan Ave, Memphis, TN

This home is located at 3505 Buchanan Ave, Memphis, TN 38122 and is currently estimated at $114,570, approximately $107 per square foot. 3505 Buchanan Ave is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Kingsbury High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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