$97,000
SOLD MAR 28, 2025
3 Beds
2 Baths
1,600-1,799 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$54 Per Sq Ft

25% Below List Price

168 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Patio
  • 1 Fireplace
  • Brick Veneer
  • Tile Flooring

About This Home

As of March 2025

Discover 3555 Bishops Gate Dr, a well-maintained, tenant-occupied gem in Memphis! This inviting 3-bedroom, 2-bath home features a spacious living area and a cozy backyard, perfect for relaxing or entertaining. With reliable tenants in place, it's an ideal investment opportunity. Conveniently located near schools, shopping, and parks, this property offers immediate rental income and future potential. Don’t miss out—schedule your viewing today and see the value for yourself!

Last Agent to Sell the Property

Rick Luebbert

Premier Realty Group, LLC License #329003 Listed on: 09/11/2024

Last Buyer's Agent

Rick Luebbert

Premier Realty Group, LLC License #329003 Listed on: 09/11/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 27x110
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Veneer

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,779 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Separate Formal Living Room

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Bishops Gate Pd Area 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074102 A00015

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: BISHOPS GATE AREA 2
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1779
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room
  • Number Of Fireplaces: 1

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Display: N0
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 15
  • Acreage: 0.06
  • Lot Size: 27X110
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 074102 A00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Mar 28, 2025
Sold by
Patrick Kaye Enterprises Inc
Bought by
Kaplan Jakub
Seller's Agent
Rick Luebbert
Premier Realty Group, LLC
Buyer's Agent
Rick Luebbert
Premier Realty Group, LLC
List Price
$130,000
Sold Price
$97,000
Premium/Discount to List
-$33,000
-25.38%
Views
116
Current Estimated Value
$127,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,292
Avg. Annual Appreciation
38.74%

Purchase Details

Closed on
Mar 14, 2019
Sold by
John O Brien
Bought by
Patrick Kaye Enterprises Inc

Purchase Details

Listed on
Dec 4, 2012
Closed on
Jan 3, 2013
Sold by
Stable Investments Llc
Bought by
Memphis Invest Gp
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$74,900
Sold Price
$74,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
Nov 2, 2012
Sold by
Stable Investments Llc
Bought by
Brett Clotheier Pa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2012
Sold by
Bank Of New York Mellon
Bought by
Stable Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2012
Sold by
Tapp Jacqueline R
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 22, 2003
Sold by
Lance Pamela G
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $97,000 River City Title & Escrow
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $29,000 None Available
Special Warranty Deed $26,000 None Available
Trustee Deed $22,950 None Available
Trustee Deed $70,086 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2025 03/28/25 Sold $97,000 -11.8% $61 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
02/13/2025 02/13/25 Price Changed $110,000 -15.4% $69 / Sq Ft
02/10/2025 02/10/25 For Sale $130,000 0.0% $81 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
11/19/2024 11/19/24 Price Changed $130,000 -3.7% $81 / Sq Ft
09/11/2024 09/11/24 For Sale $135,000 +80.2% $84 / Sq Ft
01/11/2013 01/11/13 Sold $74,900 0.0% $47 / Sq Ft View Prior Sale
12/11/2012 12/11/12 Pending -- -- --
12/04/2012 12/04/12 For Sale $74,900 -- $47 / 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 $803 $35,825 $4,400 $31,425
2024 $803 $23,700 $3,000 $20,700
2023 $1,444 $23,700 $3,000 $20,700
2022 $1,444 $23,700 $3,000 $20,700
2021 $1,461 $23,700 $3,000 $20,700
2020 $1,234 $17,025 $3,000 $14,025
2019 $544 $17,025 $3,000 $14,025
2018 $544 $17,025 $3,000 $14,025
2017 $557 $17,025 $3,000 $14,025
2016 $681 $15,575 $0 $0
2014 $681 $15,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10180995

Memphis Area Association of REALTORS®

APN: 07-4102-A0-0015