NOT LISTED FOR SALE

3702 Norris Ave Memphis, TN 38111

Audubon Park Neighborhood

Estimated Value: $75,000 - $96,000

2 Beds
1 Bath
842 Sq Ft
$104/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $75,000 $89 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $505/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of February 2021

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $750 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

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 01/23/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $343

Year Built

  • Built in 1953

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 842 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Mallory Road First Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058093 00040

Home Details

Home Type

Single Family

Est. Annual Taxes

$343

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 758D
  • MAAR Subdivision Name: MALLORY ROAD 1ST ADD
  • List Price Per Sq Ft: 89
  • Number Of Stories: 1
  • Price Per Sq Ft: 89.07
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 842
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

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, Level
  • Lot Number: 2
  • Acreage: 0.14
  • Lot Size: 50X125
  • Price Per Acre: 535714

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 058093 00040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2021
Closed on
Feb 23, 2021
Sold by
Memphis Investment Properties Llc
Bought by
Fulton Mark S and Fulton Nicole S
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$75,000
Sold Price
$75,000
Current Estimated Value
$87,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,413
Avg. Annual Appreciation
3.76%

Purchase Details

Closed on
Dec 31, 2015
Sold by
Reedy James E and Reedy Debra L
Bought by
Memphis Investment Properties Llc

Purchase Details

Closed on
Apr 26, 2011
Sold by
Tennessee Investment Rental Properties L
Bought by
Reedy James E and Reedy Debra L

Purchase Details

Closed on
Aug 1, 2006
Sold by
Reedy Debra L
Bought by
Tennessee Investment Rental Property Llc

Purchase Details

Closed on
Aug 24, 2002
Sold by
Tennessee Rehab Inc
Bought by
Reedy Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,200
Interest Rate
6.31%

Purchase Details

Closed on
May 17, 2002
Sold by
First Tennessee Bank National Assn
Bought by
Tennessee Rehab Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,800
Interest Rate
7.12%

Purchase Details

Closed on
Oct 23, 2001
Sold by
Morris Kwane
Bought by
First Tennessee Bank National Assn

Purchase Details

Closed on
Oct 31, 1997
Sold by
Pruett Hope Chestine
Bought by
Morris Kwane N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,200
Interest Rate
9.5%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Fulton Mark S $75,000 Delta Title Services Llc
Memphis Investment Properties Llc -- Delta Title Services Llc
Reedy James E -- Mid South Title Services Llc
Tennessee Investment Rental Property Llc -- None Available
Reedy Debra -- Fayette County Title Company
Tennessee Rehab Inc $22,000 --
First Tennessee Bank National Assn $25,700 --
Morris Kwane N $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reedy Debra $34,200
Previous Owner Tennessee Rehab Inc $19,800
Previous Owner Morris Kwane N $25,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2021 02/23/21 Sold $75,000 0.0% $89 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/23/2021 01/23/21 For Sale $75,000 -- $89 / 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 $343 $21,675 $1,925 $19,750
2024 $343 $10,125 $1,200 $8,925
2023 $617 $10,125 $1,200 $8,925
2022 $617 $10,125 $1,200 $8,925
2021 $279 $8,075 $1,200 $6,875
2020 $484 $6,675 $1,200 $5,475
2019 $213 $6,675 $1,200 $5,475
2018 $213 $6,675 $1,200 $5,475
2017 $218 $6,675 $1,200 $5,475
2016 $293 $6,700 $0 $0
2014 $293 $6,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2021

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    28 in this area

    425 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2021

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    442 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10092352

Memphis Area Association of REALTORS®

APN: 05-8093-0-0040

Tennessee Shelby County Memphis 38111 Audubon Park

3702 Norris Ave, Memphis, TN

This home is located at 3702 Norris Ave, Memphis, TN 38111 since 23 January 2021 and is currently estimated at $87,413, approximately $103 per square foot. This property was built in 1953. 3702 Norris Ave is a home located in Shelby County with nearby schools including South Park Elementary School, Sherwood Middle, and Overton High.

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