NOT LISTED FOR SALE

3708 Ridgemont Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $89,000 - $99,000

3 Beds
1 Bath
100-999 Sq Ft
$94/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $83,000 $83 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $524/month

24 Days on Market

About This Home

As of March 2024

Fantastic investment opportunity in the Shelby area. This 3br/1 bath single-family home is in the 38128 area. Cash flowing with a monthly rental amount of $795/month. The lease ends on 10/31/2024. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 01/30/2024

Last Buyer's Agent

Walter Jones

BEST Real Estate Company License #358322

BEST Real Estate Company

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1971

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 41x142

Parking

  • 1 Parking Space

Interior Spaces

  • 100-999 Sq Ft Home
  • 939 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Ridgemont Rev Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090021 00022

Home Details

Home Type

Single Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: RIDGEMONT
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 939
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 15
  • Acreage: 0.13
  • Lot Size: 41X142

Tax Info

  • Assessor Parcel Number: 090021 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2024
Closed on
Mar 8, 2024
Sold by
American Total Care Llc
Bought by
Bowen Scott Merickel
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Walter Jones
BEST Real Estate Company
List Price
$85,900
Sold Price
$83,000
Premium/Discount to List
-$2,900
-3.38%
Views
14
Current Estimated Value
$93,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,789
Avg. Annual Appreciation
6.79%
Original Mortgage
$62,250
Outstanding Balance
$61,215
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$32,574

Purchase Details

Closed on
Feb 14, 2019
Sold by
Comer Paul
Bought by
American Total Care Llc

Purchase Details

Closed on
Aug 21, 2018
Sold by
Collins Barbara and Collins Barbara E
Bought by
Smart Money Sif Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.53%

Purchase Details

Listed on
Sep 1, 2017
Closed on
Jan 19, 2018
Sold by
Yip Maria
Bought by
Comer Paul
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$34,900
Sold Price
$30,500
Premium/Discount to List
-$4,400
-12.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.10%

Purchase Details

Closed on
May 2, 2012
Sold by
Barbara E Collins Trust
Bought by
Smart Money Sif Llc

Purchase Details

Closed on
Feb 10, 2010
Sold by
Collins Barbara E
Bought by
Barbara E Collins Trust

Purchase Details

Closed on
Dec 21, 2009
Sold by
Ritchie Lon
Bought by
Collins Barbara

Purchase Details

Closed on
May 11, 2009
Sold by
Metropolitan Equity Growth Acquisition P
Bought by
Ritchie Lon A

Purchase Details

Closed on
Dec 16, 2008
Sold by
Fannie Mae
Bought by
Pabian Outdoor Se Inc

Purchase Details

Closed on
Dec 12, 2008
Sold by
Pabian Outdoor Se Inc
Bought by
Metropolitan Equity Growth Acquisition P

Purchase Details

Closed on
Jul 21, 2008
Sold by
Mason Dorothy E
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jun 12, 2007
Sold by
Ferrell Herbert L
Bought by
Mason Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
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
Bowen Scott Merickel $83,000 Local Title
American Total Care Llc $42,435 None Available
Smart Money Sif Llc -- --
Comer Paul -- None Available
Smart Money Sif Llc $45,000 Saddle Creek Title Llc
Barbara E Collins Trust -- None Available
Collins Barbara $45,000 Saddle Creek Title Llc
Ritchie Lon A $25,500 West Tennessee Title
Pabian Outdoor Se Inc $13,500 West Tennessee Title
Metropolitan Equity Growth Acquisition P -- West Tennessee Title Insuran
Metropolitan Equity Growth Acquisition P -- West Tn Title Ins Agency
Gmac Mortgage Llc $63,097 None Available
Mason Dorothy E $70,000 Pinnacle Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowen Scott Merickel $62,250
Previous Owner Smart Money Sif Llc --
Previous Owner Mason Dorothy E $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2024 03/11/24 Sold $83,000 -3.4% $830 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $85,900 +181.6% $859 / Sq Ft
01/24/2018 01/24/18 Sold $30,500 -12.6% $305 / Sq Ft View Prior Sale
01/24/2018 01/24/18 Pending -- -- --
09/01/2017 09/01/17 For Sale $34,900 -- $349 / 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 $452 $20,675 $2,875 $17,800
2024 $452 $13,325 $2,250 $11,075
2023 $812 $13,325 $2,250 $11,075
2022 $812 $13,325 $2,250 $11,075
2021 $362 $13,325 $2,250 $11,075
2020 $770 $10,625 $2,250 $8,375
2019 $340 $10,625 $2,250 $8,375
2018 $340 $10,625 $2,250 $8,375
2017 $348 $10,625 $2,250 $8,375
2016 $463 $10,600 $0 $0
2014 $463 $10,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2024

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    112 in this area

    1,413 Total Sales

    Dean Harris
    Section Image
  • Walter Jones

    Buyer's Agent in 2024

    Walter Jones

    BEST Real Estate Company

    (901) 235-3245

    10 in this area

    85 Total Sales

    Walter Jones
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10164818

Memphis Area Association of REALTORS®

APN: 09-0021-0-0022

Tennessee Shelby County Memphis 38128 Raleigh

3708 Ridgemont Rd, Memphis, TN

Not Listed for Sale

Detached

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