NOT LISTED FOR SALE

3543 Merritt St Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $136,000 - $163,000

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 29, 2019

Last sale price $96,900 $69 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $878/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of July 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 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: 06/24/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $870

Year Built

  • Built in 1961

Lot Details

  • 10,454 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,247 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Lakemont Gardens Blk B 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 086015 00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$870

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 732C
  • MAAR Subdivision Name: LAKEMONT GARDENS BLK B-1
  • List Price Per Sq Ft: 76
  • Number Of Stories: 1
  • Price Per Sq Ft: 77.71
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1247
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1.1
  • 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
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 25
  • Acreage: 0.24
  • Lot Size: 65/113.32 X 167.45/213.29
  • Price Per Acre: 395833

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 086015 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2022
Sold by
Sef Tennessee Llc
Bought by
Finnegan Shawn
Current Estimated Value
$147,725

Purchase Details

Closed on
Oct 2, 2019
Sold by
Finnegan Shawn
Bought by
Sef Tennessee Llc

Purchase Details

Listed on
Jun 24, 2019
Closed on
Jul 26, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Finnegan Shawn
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$95,000
Sold Price
$96,900
Premium/Discount to List
$1,900
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$77,520
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2019
Sold by
Khoo Kevin
Bought by
Memphis Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4%
Mortgage Type
Commercial
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
Finnegan Shawn -- None Listed On Document
Sef Tennessee Llc -- None Available
Finnegan Shawn $96,900 Delta Title Services Llc
Memphis Investment Properties Llc $51,000 Close Track Closing & Ttl Sv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finnegan Shawn $91,500
Previous Owner Finnegan Shawn $77,520
Previous Owner Memphis Investment Properties Llc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2019 07/29/19 Sold $96,900 +2.0% $81 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $95,000 -- $79 / 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 $870 $35,825 $3,250 $32,575
2024 $870 $25,650 $2,900 $22,750
2023 $1,563 $25,650 $2,900 $22,750
2022 $1,563 $25,650 $2,900 $22,750
2021 $885 $25,650 $2,900 $22,750
2020 $1,147 $15,825 $2,900 $12,925
2019 $506 $15,825 $2,900 $12,925
2018 $506 $15,825 $2,900 $12,925
2017 $518 $15,825 $2,900 $12,925
2016 $681 $15,575 $0 $0
2014 $681 $15,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    426 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    443 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10056170

Memphis Area Association of REALTORS®

APN: 08-6015-0-0013

Tennessee Shelby County Memphis 38128 Raleigh

3543 Merritt St, Memphis, TN

This home is located at 3543 Merritt St, Memphis, TN 38128 since 24 June 2019 and is currently estimated at $147,725, approximately $105 per square foot. This property was built in 1961. 3543 Merritt St is a home located in Shelby County with nearby schools including Raleigh Egypt High School, Coleman School, and Promise Academy - Spring Hill.

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