NOT LISTED FOR SALE

3538 Bishops Gate Dr Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $122,000 - $154,000

2 Beds
2.5 Baths
1,200-1,399 Sq Ft
$100/Sq Ft Est. Value

Last Sold September 02, 2014

Last sale price $75,900 $54 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $828/month

Highlights

  • Traditional Architecture
  • End Unit
  • Level Lot
  • 1 Fireplace
  • Central Heating and Cooling System

About This Home

As of September 2014

PROPERTY CURRENTLY UNDER RENOVATION. NO SHOWINGS. PLEASE CALL LIST AGENT FOR MORE INFO. SEE ATTACHMENTS FOR SCOPE OF WORK. PROPERTY IS RENTED AND TO BE SOLD AS INVESTMENT. PROPERTY OCCUPIED BY TENANT WITH TENANTS RIGHTS.

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 07/17/2014

Last Buyer's Agent

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 07/17/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $841

Year Built

  • Built in 1989

Lot Details

  • 2,614 Sq Ft Lot
  • End Unit
  • Level Lot

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,416 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • All Upper Level Bedrooms

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Bishops Gate Pd Area 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074102 A00087

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$841

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit
  • MLS Map #: 784D
  • MAAR Subdivision Name: BISHOPS GATE AREA 2
  • List Price Per Sq Ft: 54
  • Number Of Stories: 2
  • Price Per Sq Ft: 53.6
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1416
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2.1

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 87
  • Acreage: 0.06
  • Lot Size: 2970SQFT27.1X111.8 IRR
  • Price Per Acre: 1265000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074102 A00087

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2014
Closed on
Aug 21, 2014
Sold by
Memphis Invest Gp
Bought by
Obuobisa Joel
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$75,900
Sold Price
$75,900
Current Estimated Value
$140,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,260
Avg. Annual Appreciation
5.21%

Purchase Details

Listed on
Jul 17, 2014
Closed on
Jul 16, 2014
Sold by
Vo Nguyet T
Bought by
Memphis Invest Gp
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$75,900
Sold Price
$75,900

Purchase Details

Listed on
May 23, 2013
Closed on
Jun 19, 2013
Sold by
Donovan Shaun
Bought by
Vo Nguyet T
Seller's Agent
Elizabeth Glosson
Fast Track Realty, LLC
Buyer's Agent
Barbara Dixon
KAIZEN Realty, LLC
List Price
$24,500
Sold Price
$28,000
Premium/Discount to List
$3,500
14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%

Purchase Details

Closed on
Oct 26, 2012
Sold by
Johnson Diane
Bought by
Secretary Of The Dept Of Hud

Purchase Details

Closed on
Oct 31, 1996
Sold by
Ge Capital Mtg Services Inc
Bought by
Hud

Purchase Details

Closed on
May 8, 1996
Sold by
Darnell Clifton E
Bought by
G E Capital Mtg Services Inc
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
Obuobisa Joel $75,900 Fntg
Memphis Invest Gp $30,000 First Natl Financial Title S
Vo Nguyet T $28,000 None Available
Secretary Of The Dept Of Hud -- None Available
Hud -- --
G E Capital Mtg Services Inc $83,465 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Diane $3,369
Previous Owner Johnson Diane $61,493
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2014 09/02/14 Sold $75,900 0.0% $63 / Sq Ft
07/17/2014 07/17/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $75,900 +153.0% $63 / Sq Ft
07/16/2014 07/16/14 Sold $30,000 -20.8% $21 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
06/07/2014 06/07/14 For Sale $37,900 +35.4% $27 / Sq Ft
06/19/2013 06/19/13 Sold $28,000 +14.3% $20 / Sq Ft
05/29/2013 05/29/13 Pending -- -- --
05/23/2013 05/23/13 For Sale $24,500 -- $18 / 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 $841 $37,375 $4,400 $32,975
2024 -- $24,800 $3,000 $21,800
2023 $1,511 $24,800 $3,000 $21,800
2022 $1,511 $24,800 $3,000 $21,800
2021 $1,528 $24,800 $3,000 $21,800
2020 $1,346 $18,575 $3,000 $15,575
2019 $1,346 $18,575 $3,000 $15,575
2018 $1,346 $18,575 $3,000 $15,575
2017 $763 $18,575 $3,000 $15,575
2016 $597 $13,650 $0 $0
2014 $597 $13,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vinh Le

    Seller's Agent in 2014

    Vinh Le

    BEST Real Estate Company

    (901) 230-6636

    40 Total Sales

    Vinh Le
    Section Image

  • M

    Seller's Agent in 2014

    Mark Saller

    Reedy Group II, LLC

    Section Image
  • Elizabeth Glosson

    Seller's Agent in 2013

    Elizabeth Glosson

    Fast Track Realty, LLC

    (901) 336-8103

    126 Total Sales

    Elizabeth Glosson
    Section Image
  • Greg Glosson

    Seller Co-Listing Agent in 2013

    Greg Glosson

    Fast Track Realty, LLC

    (901) 550-3633

    12 Total Sales

    Greg Glosson
    Section Image

  • B

    Buyer's Agent in 2013

    Barbara Dixon

    KAIZEN Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9932520

Memphis Area Association of REALTORS®

APN: 07-4102-A0-0087

Tennessee Shelby County Memphis 38115 Fox Meadows

3538 Bishops Gate Dr, Memphis, TN

This home is located at 3538 Bishops Gate Dr, Memphis, TN 38115 since 17 July 2014 and is currently estimated at $140,160, approximately $100 per square foot. This property was built in 1989. 3538 Bishops Gate Dr is a home located in Shelby County with nearby schools including Newberry Elementary School, Wooddale High School, and Compass Community School Hickory Hill Campus.

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