NOT LISTED FOR SALE

3685 Ridgemont Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $109,000 - $145,000

3 Beds
1.5 Baths
1,000-1,199 Sq Ft
$106/Sq Ft Est. Value

Last Sold December 18, 2018

Last sale price $79,900 $67 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $718/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Eat-In Kitchen
  • Traditional Architecture
  • Some Wood Windows
  • Living Room

About This Home

As of December 2018

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2018 standards! Target rent = $795 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

James Wachob

Foundation Property Management License #294924 Listed on: 09/19/2018

Foundation Property Management

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $571

Year Built

  • Built in 1977

Lot Details

  • 8,276 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,176 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Living Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Home Security

  • Fire and Smoke Detector
  • Iron Doors

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Nam Ni Estates Re Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090052 00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$571

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 731B
  • MAAR Subdivision Name: NAM NI ESTATES
  • List Price Per Sq Ft: 68
  • Number Of Stories: 1
  • Price Per Sq Ft: 67.94
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1176
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen, Eat-In Kitchen
  • Misc Interior: Smoke Detector(s)
  • Number Of Fireplaces: 1
  • 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

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: 298
  • Acreage: 0.19
  • Lot Size: 72.87/50.53+32X115.76/102.94
  • Price Per Acre: 420526

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 090052 00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Rais George Scott
Bought by
Moon Pie Properties Llc
Current Estimated Value
$126,851

Purchase Details

Closed on
May 24, 2022
Sold by
Sr Flats Inc
Bought by
Rais George Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,940
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 19, 2018
Closed on
Dec 14, 2018
Sold by
Memphis Investments Rentals Properties L
Bought by
Sr Flats Inc
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$79,900
Sold Price
$79,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
Aug 16, 2018
Sold by
U S Bank Trust N A
Bought by
Memphis Investment Rental 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
$60,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2018
Sold by
Perkins Patricia A and Perkins Kevin O
Bought by
Us Bank Trust Na and Lsf 10 Master Patricipation Trust

Purchase Details

Closed on
May 3, 1996
Sold by
Chapman Barbara J
Bought by
Perkins Kelvin O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,965
Interest Rate
8.02%
Mortgage Type
FHA
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
Moon Pie Properties Llc -- None Listed On Document
Rais George Scott $119,900 Delta Title Services
Sr Flats Inc $79,900 Delta Title Services Llc
Memphis Investment Rental Properties Llc $38,500 Delta Title Services Llc
Us Bank Trust Na $68,471 None Available
Perkins Kelvin O $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rais George Scott $71,940
Previous Owner Memphis Investment Rental Properties Llc $60,000
Previous Owner Perkins Kelvin O $52,965
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2018 12/18/18 Sold $79,900 0.0% $80 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $79,900 -- $80 / 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 $571 $25,875 $2,875 $23,000
2024 $571 $16,850 $2,250 $14,600
2023 $1,026 $16,850 $2,250 $14,600
2022 $1,026 $16,850 $2,250 $14,600
2021 $1,038 $16,850 $2,250 $14,600
2020 $949 $13,100 $2,250 $10,850
2019 $419 $13,100 $2,250 $10,850
2018 $419 $13,100 $2,250 $10,850
2017 $429 $13,100 $2,250 $10,850
2016 $571 $13,075 $0 $0
2014 $558 $12,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wachob

    Seller's Agent in 2018

    James Wachob

    Foundation Property Management

    (901) 633-1484

    26 in this area

    637 Total Sales

    James Wachob
    Section Image

  • B

    Buyer's Agent in 2018

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    27 in this area

    426 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10036918

Memphis Area Association of REALTORS®

APN: 09-0052-0-0012

Tennessee Shelby County Memphis 38128 Raleigh

3685 Ridgemont Rd, Memphis, TN

This home is located at 3685 Ridgemont Rd, Memphis, TN 38128 since 19 September 2018 and is currently estimated at $126,851, approximately $105 per square foot. This property was built in 1977. 3685 Ridgemont Rd is a home located in Shelby County with nearby schools including Egypt Elementary School, Raleigh Egypt High School, and Promise Academy - Spring Hill.

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