NOT LISTED FOR SALE

3518 Steele St Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $82,000 - $136,000

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$76/Sq Ft Est. Value

Last Sold August 10, 2023

Last sale price $60,000 $43 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $635/month

36 Days on Market

About This Home

As of August 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: 07/05/2023

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 1956

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 70x147

Parking

  • 1 Parking Space

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,393 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Community Details

  • Pleasant Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070051 00022

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 726B
  • MAAR Subdivision Name: PLEASANT VALLEY
  • Number Of Stories: 1
  • Price Per Sq Ft: 43.07
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1393
  • Year Built: 1956
  • List Price/ Sq Ft: 49
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 1.1

Garage/Parking

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

Lot Info

  • Lot Number: 17
  • Acreage: 0.23
  • Lot Size: 70X147
  • Price Per Acre: 295652

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 070051 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2024
Sold by
Marvins Garden Llc
Bought by
Chhoda Real Estate Llc
Current Estimated Value
$106,012

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
$1,094,630
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
-$988,618

Purchase Details

Listed on
Jul 5, 2023
Closed on
Aug 10, 2023
Sold by
Vb Six Llc
Bought by
Marvins Garden Llc
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Melissa Wilbanks
Crye-Leike, Inc., REALTORS
List Price
$68,000
Sold Price
$60,000
Premium/Discount to List
-$8,000
-11.76%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.23%

Purchase Details

Closed on
Aug 18, 2022
Sold by
Vb One Llc
Bought by
Vb Six Llc

Purchase Details

Closed on
Mar 22, 2013
Sold by
Rhodes David M and Rhodes Yulonda
Bought by
Rhodes David and Rhodes Yulonda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,350
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2008
Sold by
Hamilton Andrea J
Bought by
Rhodes David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2006
Sold by
Citimortgage Inc
Bought by
Hamilton Andrea J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,640
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2006
Sold by
Wilkerson Sean Dhu and Wilkerson Annie Clara
Bought by
Citimortgage Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,640
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage
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
Chhoda Real Estate Llc $574,600 Saddle Creek Title
Marvins Garden Llc $60,000 Saddle Creek Title
Vb Six Llc -- Total Title Services
Rhodes David -- None Available
Rhodes David M $78,000 None Available
Hamilton Andrea J $36,000 Edco Title & Closing Service
Citimortgage Inc $24,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chhoda Real Estate Llc $1,107,075
Previous Owner Rhodes David $59,350
Previous Owner Rhodes David M $62,400
Previous Owner Hamilton Andrea J $52,640
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2023 08/10/23 Sold $60,000 -11.8% $50 / Sq Ft
07/05/2023 07/05/23 For Sale $68,000 -- $57 / 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 -- $20,650 $1,675 $18,975
2024 -- $15,500 $1,450 $14,050
2023 $944 $15,500 $1,450 $14,050
2022 $944 $15,500 $1,450 $14,050
2021 $535 $15,500 $1,450 $14,050
2020 $815 $11,250 $1,450 $9,800
2019 $360 $11,250 $1,450 $9,800
2018 $360 $11,250 $1,450 $9,800
2017 $368 $11,250 $1,450 $9,800
2016 $477 $10,925 $0 $0
2014 $477 $10,925 $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

    214 in this area

    1,437 Total Sales

    Dean Harris
    Section Image
  • Melissa Wilbanks

    Buyer's Agent in 2023

    Melissa Wilbanks

    Crye-Leike

    (901) 438-1107

    8 in this area

    95 Total Sales

    Melissa Wilbanks
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10151513

Memphis Area Association of REALTORS®

APN: 07-0051-0-0022

Tennessee Shelby County Memphis 38127 Frayser

3518 Steele St, Memphis, TN

This home is located at 3518 Steele St, Memphis, TN 38127 since 05 July 2023 and is currently estimated at $106,012, approximately $75 per square foot. This property was built in 1956. 3518 Steele St is a home located in Shelby County with nearby schools including Trezevant High School, Cornerstone Prep Denver Campus, and Memphis Business Academy Middle School.

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