$71,000
SOLD MAR 18, 2021

3722 Rhea Ave Memphis, TN 38122

Berclair Neighborhood
4 Beds
2 Baths
1,600-1,799 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$39 Per Sq Ft

9% Above List Price

About This Home

As of June 2021

This4beds/2baths in 38122 is currently occupied for $890 with a lease end date of 04/30/2021. Showings and inspections allowed only after offer is accepted, no exceptions. Do not disturb the tenant; buyer to verify all schools.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 02/02/2021

Last Buyer's Agent

Alie Jones

Coldwell Banker Collins-Maury License #338856

Coldwell Banker Collins-Maury

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $652

Year Built

  • Built in 1952

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x148

Parking

  • 1 Parking Space

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,627 Sq Ft Home
  • 1.5-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • James E & Jane D Aydelottes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038074 00022

Home Details

Home Type

Single Family

Est. Annual Taxes

$652

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 752E
  • MAAR Subdivision Name: AYDELOTT
  • List Price Per Sq Ft: 40
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 43.64
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1627
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Full Bathrooms: 2
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Garage/Parking

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

Lot Info

  • Lot Number: 22
  • Acreage: 0.16
  • Lot Size: 50X148
  • Price Per Acre: 405625

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 038074 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2021
Closed on
Jun 21, 2021
Sold by
Magnificent Homes Llc
Bought by
Epocf2a Llc
Seller's Agent
Alie Jones
Coldwell Banker Collins-Maury
Buyer's Agent
Randall Garrett
Franchise Realty, LLC
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%
Current Estimated Value
$144,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,736
Avg. Annual Appreciation
7.25%
Original Mortgage
$107,300
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 2, 2021
Closed on
Mar 19, 2021
Sold by
Hagen Mary and 3722 Rhea Ave Trusts
Bought by
Magnificent Homes Llc
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Alie Jones
Coldwell Banker Collins-Maury
List Price
$64,900
Sold Price
$71,000
Premium/Discount to List
$6,100
9.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
410.85%

Purchase Details

Listed on
Feb 1, 2018
Closed on
Mar 23, 2018
Sold by
Ozark Capital Management Llc
Bought by
Hagen Mary and 3722 Rhea Ave Trust
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$53,500
Sold Price
$53,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%

Purchase Details

Closed on
Jan 14, 2011
Sold by
Cales Russell Earl and Cales Linda Ruth
Bought by
Sanders Alberta
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 Type Sale Price Title Company
Warranty Deed $100,000 None Available
Warranty Deed $71,000 Local Title Llc
Warranty Deed $53,500 Close Trak Closing & Title S
Warranty Deed $70,000 Assured Escrow & Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,392,816 New Conventional
Closed $107,300 Commercial
Previous Owner $63,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $100,000 -9.1% $63 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
05/02/2021 05/02/21 For Sale $110,000 +54.9% $69 / Sq Ft
03/18/2021 03/18/21 Sold $71,000 +9.4% $44 / Sq Ft
02/02/2021 02/02/21 For Sale $64,900 +21.3% $41 / Sq Ft
03/23/2018 03/23/18 Sold $53,500 0.0% $33 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $53,500 -- $33 / 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 $652 $37,575 $3,400 $34,175
2024 $652 $19,225 $1,450 $17,775
2023 $1,171 $19,225 $1,450 $17,775
2022 $1,171 $19,225 $1,450 $17,775
2021 $937 $15,200 $1,450 $13,750
2020 $786 $10,850 $1,275 $9,575
2019 $347 $10,850 $1,275 $9,575
2018 $347 $10,850 $1,275 $9,575
2017 $355 $10,850 $1,275 $9,575
2016 $742 $16,975 $0 $0
2014 $742 $16,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alie Jones

    Seller's Agent in 2021

    Alie Jones

    Coldwell Banker Collins-Maury

    (901) 550-5235

    4 in this area

    41 Total Sales

    Alie Jones
    Section Image
  • Dean Harris

    Seller's Agent in 2021

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    51 in this area

    1,431 Total Sales

    Dean Harris
    Section Image

  • R

    Buyer's Agent in 2021

    Randall Garrett

    Franchise Realty, LLC

    (901) 502-7548

    1 in this area

    24 Total Sales

    Randall Garrett
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10092849

Memphis Area Association of REALTORS®

APN: 03-8074-0-0022

Tennessee Shelby County Memphis 38122 Berclair

3722 Rhea Ave, Memphis, TN

This home is located at 3722 Rhea Ave, Memphis, TN 38122 and is currently priced at $71,000, approximately $39 per square foot. This property was built in 1952. 3722 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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