NOT LISTED FOR SALE

3563 Bishops Gate Dr Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $125,000 - $157,000

3 Beds
2 Baths
1,800-1,999 Sq Ft
$68/Sq Ft Est. Value

Last Sold October 04, 2013

Last sale price $83,900 $42 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $759/month

Highlights

  • Traditional Architecture
  • Zero Lot Line
  • Level Lot
  • 1 Fireplace
  • Central Heating and Cooling System

About This Home

As of October 2013

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

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 09/13/2013

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot
  • Zero Lot Line

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,856 Sq Ft Home
  • 1.5-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Bishops Gate Pd Area 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074102 A00012

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • MAAR Subdivision Name: BISHOPS GATE AREA 2
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1856
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 3
  • Bedrooms Down: 1
  • Full Bathrooms: 2
  • Number Of Fireplaces: 1

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 12
  • Acreage: 0.06
  • Lot Size: .068AC27X110
  • Zero Lot Line: Yes

Tax Info

  • Assessor Parcel Number: 074102 A00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2013
Closed on
Oct 4, 2013
Sold by
Memphis Invest G P
Bought by
Akyenmpong Nat
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
$83,900
Sold Price
$83,900
Current Estimated Value
$136,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,882
Avg. Annual Appreciation
4.09%
Original Mortgage
$41,950
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 13, 2013
Closed on
Sep 6, 2013
Sold by
Cortrust Bank
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
$83,900
Sold Price
$83,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,950
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 26, 2011
Closed on
Mar 2, 2012
Sold by
Batts Larry M
Bought by
Batts Properties Llc
Seller's Agent
Elizabeth Glosson
Fast Track Realty, LLC
Buyer's Agent
Clarence Dickson
BEST Real Estate Company
List Price
$38,000
Sold Price
$33,060
Premium/Discount to List
-$4,940
-13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.66%

Purchase Details

Listed on
Sep 26, 2011
Closed on
Feb 1, 2012
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Batts Larry
Seller's Agent
Elizabeth Glosson
Fast Track Realty, LLC
Buyer's Agent
Clarence Dickson
BEST Real Estate Company
List Price
$38,000
Sold Price
$33,060
Premium/Discount to List
-$4,940
-13%

Purchase Details

Closed on
Aug 17, 2011
Sold by
Comstock Dennis B
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Apr 25, 2000
Sold by
Fifer Marqui G
Bought by
Comstock Dennis B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,861
Interest Rate
8.23%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1998
Sold by
Lane Daniel A
Bought by
Fifer Marqui G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,867
Interest Rate
6.96%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Akyenmpong Nat $83,900 None Available
Memphis Invest Gp $35,500 None Available
Memphis Invest Gp $38,000 Chicago Title Insurance Co
Batts Properties Llc -- None Available
Batts Larry $33,060 None Available
Secretary Of Housing & Urban Development $71,055 None Available
Comstock Dennis B $74,900 --
Comstock Dennis B $74,900 --
Fifer Marqui G $69,000 --
Fifer Marqui G $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Akyenmpong Nat $41,950
Previous Owner Memphis Invest Gp $2,575
Previous Owner Memphis Invest Gp $2,575,000
Previous Owner Comstock Dennis B $74,861
Previous Owner Fifer Marqui G $69,867
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2013 10/04/13 Sold $83,900 0.0% $47 / Sq Ft
09/13/2013 09/13/13 Pending -- -- --
09/13/2013 09/13/13 For Sale $83,900 +153.8% $47 / Sq Ft
02/01/2012 02/01/12 Sold $33,060 -13.0% $18 / Sq Ft View Prior Sale
01/20/2012 01/20/12 Pending -- -- --
09/26/2011 09/26/11 For Sale $38,000 -- $21 / 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 -- $36,825 $4,400 $32,425
2024 $472 $24,350 $3,000 $21,350
2023 $1,483 $24,350 $3,000 $21,350
2022 $1,483 $24,350 $3,000 $21,350
2021 $1,501 $24,350 $3,000 $21,350
2020 $1,266 $17,475 $3,000 $14,475
2019 $1,266 $17,475 $3,000 $14,475
2018 $1,266 $17,475 $3,000 $14,475
2017 $718 $17,475 $3,000 $14,475
2016 $698 $15,975 $0 $0
2014 $698 $15,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mark Saller

    Reedy Group II, LLC

    Section Image

  • N

    Buyer's Agent in 2013

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • Elizabeth Glosson

    Seller's Agent in 2012

    Elizabeth Glosson

    Fast Track Realty, LLC

    (901) 336-8103

    198 Total Sales

    Elizabeth Glosson
    Section Image
  • Greg Glosson

    Seller Co-Listing Agent in 2012

    Greg Glosson

    Fast Track Realty, LLC

    (901) 550-3633

    13 Total Sales

    Greg Glosson
    Section Image

  • C

    Buyer's Agent in 2012

    Clarence Dickson

    BEST Real Estate Company

    (901) 643-9729

    43 Total Sales

    Clarence Dickson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3281066

Memphis Area Association of REALTORS®

APN: 07-4102-A0-0012

Tennessee Shelby County Memphis 38115 Fox Meadows

3563 Bishops Gate Dr, Memphis, TN

Not Listed for Sale

MultiFamily

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