NOT LISTED FOR SALE

3542 Bishops Gate Dr Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $113,000 - $138,499

2 Beds
2.5 Baths
1,200-1,399 Sq Ft
$89/Sq Ft Est. Value

Last Sold September 24, 2020

Last sale price $94,900 $68 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $710/month

Highlights

  • Updated Kitchen
  • Main Floor Primary Bedroom
  • End Unit
  • Traditional Architecture
  • 1 Fireplace
  • Den

About This Home

As of September 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $895 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: 08/03/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1987

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 27x110
  • End Unit

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,345 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main

Utilities

  • Central Heating and Cooling System

Community Details

  • Bishops Gate Pd Area 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074102 A00088

Townhouse Details

Home Type

Townhome

Year Built

Built in 1987

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, Town House
  • MAAR Subdivision Name: BISHOPS GATE AREA 2
  • List Price Per Sq Ft: 71
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1345
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 1 1/2 Bath, Laundry Room
  • Second Story Floor Plan: 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: Primary Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 2
  • Bedrooms: 2
  • Bedrooms Down: 1
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Disposal, Dishwasher
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Primary Bathroom Description: Tile Floor
  • 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: Wood/Composition
  • Foundation: Slab

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 88
  • Acreage: 0.06
  • Lot Size: 27X110

Tax Info

  • Assessor Parcel Number: 074102 A00088

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Sep 24, 2020
Sold by
Memphis Investmetns Properties Ii Llc
Bought by
Holladay Murray Rushton and Holladay Suzanne Hulen
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$94,900
Sold Price
$94,900
Current Estimated Value
$125,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,225
Avg. Annual Appreciation
5.20%
Original Mortgage
$75,920
Outstanding Balance
$67,527
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$57,598

Purchase Details

Closed on
May 28, 2020
Sold by
Stokes Candace H
Bought by
Memphis Investments Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.3%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Holladay Murray Rushton $94,900 Delta Title Services Llc
Memphis Investments Properties Ii Llc $38,000 Delta Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holladay Murray Rushton $75,920
Previous Owner Memphis Investments Properties Ii Llc $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2020 09/24/20 Sold $94,900 0.0% $79 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $94,900 -- $79 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $786 $34,125 $4,400 $29,725
2024 $786 $23,175 $3,000 $20,175
2023 $1,412 $23,175 $3,000 $20,175
2022 $1,412 $23,175 $3,000 $20,175
2021 $1,428 $23,175 $3,000 $20,175
2020 $1,029 $14,200 $3,000 $11,200
2019 $454 $14,200 $3,000 $11,200
2018 $454 $14,200 $3,000 $11,200
2017 $465 $14,200 $3,000 $11,200
2016 $570 $13,050 $0 $0
2014 $570 $13,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    3 in this area

    312 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    3 in this area

    327 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10082018

Memphis Area Association of REALTORS®

APN: 07-4102-A0-0088

Tennessee Shelby County Memphis 38115 Fox Meadows

3542 Bishops Gate Dr, Memphis, TN

Not Listed for Sale

Townhouses

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