NOT LISTED FOR SALE

3618 Rhea Ave Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $116,000 - $159,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$96/Sq Ft Est. Value

Last Sold January 25, 2021

Last sale price $60,000 $43 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $761/month

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • Partially Carpeted

About This Home

As of January 2021

Lovely brick home in need of renovation in the highly sought after Berclair Area just East of Treadwell HS. Covered parking. Excellent lot and neighborhood. Dethatched workshop. Great investment or starter home.

Last Agent to Sell the Property

William Haynes

Crye-Leike, Inc., REALTORS License #355990 Listed on: 11/02/2020

Crye-Leike, Inc., REALTORS

Co-Listed By

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080

Last Buyer's Agent

William Haynes

Crye-Leike, Inc., REALTORS License #355990 Listed on: 11/02/2020

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $567

Year Built

  • Built in 1946

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 65x125
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,342 Sq Ft Home
  • 1-Story Property
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Workshop in Garage
  • Driveway

Community Details

  • Runnimeade Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038053 00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$567

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752E
  • MAAR Subdivision Name: RUNNIMEADE
  • List Price Per Sq Ft: 41
  • Number Of Stories: 1
  • Price Per Sq Ft: 44.71
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1342
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Pantry
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Sidewalks
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad, Workshop(s)

Lot Info

  • Lot Description: Level
  • Lot Number: 54
  • Acreage: 0.18
  • Lot Size: 65X125
  • Price Per Acre: 305556

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 038053 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Jan 25, 2021
Sold by
Wilson George R
Bought by
Krantz Brandon and Bayas Raina
Seller's Agent
William Haynes
Crye-Leike, Inc., REALTORS
Buyer's Agent
William Haynes
Crye-Leike, Inc., REALTORS
List Price
$55,000
Sold Price
$60,000
Premium/Discount to List
$5,000
9.09%
Current Estimated Value
$134,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,607
Avg. Annual Appreciation
13.88%
Original Mortgage
$60,000
Interest Rate
2.67%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Krantz Brandon $60,000 Memphis Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Krantz Brandon $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2021 01/25/21 Sold $60,000 +9.1% $50 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $55,000 -- $46 / 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 $567 $33,550 $3,625 $29,925
2024 $567 $16,725 $1,550 $15,175
2023 $1,019 $16,725 $1,550 $15,175
2022 $1,019 $16,725 $1,550 $15,175
2021 $467 $13,550 $1,550 $12,000
2020 $732 $10,100 $1,350 $8,750
2019 $323 $10,100 $1,350 $8,750
2018 $323 $10,100 $1,350 $8,750
2017 $330 $10,100 $1,350 $8,750
2016 $427 $9,775 $0 $0
2014 $427 $9,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Haynes

    Seller's Agent in 2021

    William Haynes

    Crye-Leike, Inc., REALTORS

    (865) 454-1124

    18 in this area

    261 Total Sales

    William Haynes
    Section Image
  • Tyler Tapley

    Seller Co-Listing Agent in 2021

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    78 in this area

    1,214 Total Sales

    Tyler Tapley
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10088025

Memphis Area Association of REALTORS®

APN: 03-8053-0-0011

Tennessee Shelby County Memphis 38122 Berclair

3618 Rhea Ave, Memphis, TN

This home is located at 3618 Rhea Ave, Memphis, TN 38122 since 02 November 2020 and is currently estimated at $134,607, approximately $96 per square foot. This property was built in 1946. 3618 Rhea Ave is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Kingsbury High School.

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