NOT LISTED FOR SALE

3585 Fox Meadows Rd Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $169,000 - $201,413

3 Beds
2 Baths
2,506 Sq Ft
$75/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2024

Last sale price $195,000 $78 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,182 / mo

7 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Breakfast Bar
  • Wood Flooring
  • Formal Dining Room
  • Central Heating and Cooling System

About This Home

As of August 2024

Introducing a remarkable investment opportunity in Memphis TN! This duplex features 6 beds & 4 baths. Priced competitively, this property boasts a gross rental income of $2,195. The right side is rented for $1395/month until 7/31/2026 & the left side is month to month at $800/month! This excellent duplex is poised for cashflow! With the potential to increase the rent on the left side to match the right, this property already exceeds the 1% rule even before reaching $2790 in potential gross rent!

Last Agent to Sell the Property

Jordan Ray

eXp Realty, LLC License #375004 Listed on: 07/12/2024

eXp Realty, LLC

Last Buyer's Agent

Jordan Ray

eXp Realty, LLC License #375004 Listed on: 07/12/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 11,761 Sq Ft Lot
  • Lot Dimensions are 105x120
  • Few Trees

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 2,506 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Separate Formal Living Room
  • Formal Dining Room
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Built-In Range

Flooring

  • Wood
  • Tile

Parking

  • 2 Parking Spaces
  • Carport
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Fox Meadows Gardens Rev Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074111 00008

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.27 Acres

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MAAR Subdivision Name: FOX MEADOWS GARDENS
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 2506
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood, Tile, Textured Ceiling
  • Appliances Equipment: Range/Oven (Built-In)
  • Estimated Entire Duplex Sq Ft: 2400-2599
  • Miscellaneous Interior: Pull Down Attic Stairs

Exterior Features

  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2
  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Electric

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 196
  • Acreage: 0.27
  • Lot Size: 105X120

Tax Info

  • Assessor Parcel Number: 074111 00008

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2025
Sold by
Bought by
Current Estimated Value
$187,103

Purchase Details

Listed on
Jul 12, 2024
Closed on
Jul 26, 2024
Sold by
Bought by
Seller's Agent
Jordan Ray
eXp Realty, LLC
Buyer's Agent
Jordan Ray
eXp Realty, LLC
List Price
$195,000
Sold Price
$195,000
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.13%

Purchase Details

Closed on
Dec 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,700
Interest Rate
0.0825%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 11, 2012
Closed on
Nov 20, 2012
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$74,500
Sold Price
$74,000
Premium/Discount to List
-$500
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Original Mortgage
$36,000
Interest Rate
0.0344%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 11, 2012
Closed on
Nov 19, 2012
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$74,500
Sold Price
$74,000
Premium/Discount to List
-$500
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
0.0344%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 11, 2012
Closed on
Nov 12, 2012
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$74,500
Sold Price
$74,000
Premium/Discount to List
-$500
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
0.0344%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
0.0814%

Purchase Details

Closed on
Dec 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 1998
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Foundation Title & Escrow
$195,000 Foundation Title & Escrow
$95,000 Delta Title Services Llc
$64,000 None Available
$64,000 --
$72,000 None Available
$70,000 First American Title Ins Co
$60,000 --
$89,950 --
$150,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $63,700
Previous Owner $36,000
Previous Owner $56,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2024 08/16/24 Sold $195,000 0.0% $78 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $195,000 +163.5% $78 / Sq Ft
11/21/2012 11/21/12 Sold $74,000 -0.7% $30 / Sq Ft View Prior Sale
10/15/2012 10/15/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $74,500 -- $30 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,993 $74,080 $7,000 $67,080
2024 $1,170 $34,520 $6,240 $28,280
2023 $2,103 $34,520 $6,240 $28,280
2022 $2,103 $34,520 $6,240 $28,280
2021 $2,127 $34,520 $6,240 $28,280
2020 $2,011 $27,760 $6,240 $21,520
2019 $887 $27,760 $6,240 $21,520
2018 $887 $27,760 $6,240 $21,520
2017 $908 $27,760 $6,240 $21,520
2016 $1,119 $25,600 $0 $0
2014 $1,119 $25,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Ray

    Seller's Agent in 2024

    Jordan Ray

    eXp Realty, LLC

    (662) 642-1458

    3 in this area

    171 Total Sales

    Jordan Ray
    Section Image
  • Jeffrey Moore

    Seller's Agent in 2012

    Jeffrey Moore

    Crye-Leike

    (901) 277-0477

    71 Total Sales

    Jeffrey Moore
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10176769

Memphis Area Association of REALTORS®

APN: 07-4111-0-0008

Tennessee Shelby County Memphis 38115 Fox Meadows

3585 Fox Meadows Rd, Memphis, TN

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