NOT LISTED FOR SALE

3727 Rhea Ave Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $145,000 - $214,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$107/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $171,000 $107 Per Sq Ft

Current estimated payment $1,015/month

Highlights

  • Updated Kitchen
  • Main Floor Primary Bedroom
  • Den
  • Traditional Architecture
  • 1 Fireplace
  • Tile Flooring

About This Home

As of September 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1,250 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: 05/27/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $606

Year Built

  • Built in 1947

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 60x214
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,468 Sq Ft Home
  • 1.1-Story Property
  • 1 Fireplace
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • H H Higbees Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038075 00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$606

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752E
  • MAAR Subdivision Name: HIGBEE
  • List Price Per Sq Ft: 116
  • Number Of Stories: 1.1
  • Price Per Sq Ft: 116.49
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1468
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • 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: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 3
  • Parking Display: 3
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 1
  • Acreage: 0.29
  • Lot Size: 60X214
  • Price Per Acre: 589655

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 038075 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Sep 19, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Obrien Rachel
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$171,000
Sold Price
$171,000
Total Days on Market
0
Current Estimated Value
$171,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696
Avg. Annual Appreciation
0.15%
Original Mortgage
$136,800
Outstanding Balance
$131,395
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$40,301

Purchase Details

Listed on
Nov 16, 2021
Closed on
Feb 23, 2022
Sold by
Violette Tiscia Jennifer
Bought by
Memphis Investment Properties Iii Llc
Seller's Agent
Tim Tanner
Crye-Leike, Inc., REALTORS
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$129,900
Sold Price
$118,000
Premium/Discount to List
-$11,900
-9.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.72%
Original Mortgage
$153,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 23, 2017
Closed on
Oct 20, 2017
Sold by
Post Michael
Bought by
Tiscia Jennifer and Tiscia Lewis A
Seller's Agent
Felecia Magro
The Stamps Real Estate Company
Buyer's Agent
Felecia Magro
The Stamps Real Estate Company
List Price
$50,000
Sold Price
$44,000
Premium/Discount to List
-$6,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.46%

Purchase Details

Closed on
Nov 13, 2012
Sold by
Post Michael and Post Patricia
Bought by
Post Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,468
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 4, 2012
Closed on
Mar 23, 2012
Sold by
Pegasus Real Estate Services Llc
Bought by
Post Michael and Post Patricia
Seller's Agent
Carol Stout
Ware Jones, REALTORS
Buyer's Agent
Carol Stout
Ware Jones, REALTORS
List Price
$14,900
Sold Price
$23,250
Premium/Discount to List
$8,350
56.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.16%
Original Mortgage
$26,000
Interest Rate
3.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 14, 2011
Sold by
Roberts Darwin L and Roberts Teresa G
Bought by
Regions Bank

Purchase Details

Closed on
Jun 16, 2011
Sold by
Regions Bank
Bought by
Pegasus Real Estate Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2005
Sold by
Rose Alexis Faye
Bought by
Roberts Darwin Lee
Source: Public Records

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Range of Values:

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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
Obrien Rachel $171,000 Delta Title Services
Memphis Investment Properties Iii Llc $118,000 None Listed On Document
Tiscia Jennifer $44,000 Delta Title Services Llc
Post Michael -- --
Post Michael $53,900 --
Post Michael $39,900 None Available
Regions Bank $34,400 None Available
Pegasus Real Estate Services Llc $46,500 None Available
Roberts Darwin Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obrien Rachel $136,800
Previous Owner Memphis Investment Properties Iii Llc $153,000
Previous Owner Post Michael $274,468
Previous Owner Pegasus Real Estate Services Llc $26,000
Previous Owner Pegasus Real Estate Services Llc $26,000
Previous Owner Roberts Darwin L $45,500
Previous Owner Lowry Lucy Faye $41,496
Previous Owner Lowry Lucy Faye $28,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2022 09/20/22 Sold $171,000 0.0% $122 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $171,000 +44.9% $122 / Sq Ft
02/23/2022 02/23/22 Sold $118,000 -9.2% $84 / Sq Ft
11/16/2021 11/16/21 For Sale $129,900 +195.2% $93 / Sq Ft
10/20/2017 10/20/17 Sold $44,000 -12.0% $31 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
08/23/2017 08/23/17 For Sale $50,000 +115.1% $36 / Sq Ft
01/31/2012 01/31/12 Sold $23,250 +56.0% $16 / Sq Ft
01/10/2012 01/10/12 Pending -- -- --
01/04/2012 01/04/12 For Sale $14,900 -- $10 / 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 $606 $39,925 $5,125 $34,800
2024 $606 $17,875 $2,200 $15,675
2023 $1,089 $17,875 $2,200 $15,675
2022 $1,089 $17,875 $2,200 $15,675
2021 $617 $17,875 $2,200 $15,675
2020 $967 $13,350 $1,900 $11,450
2019 $427 $13,350 $1,900 $11,450
2018 $427 $13,350 $1,900 $11,450
2017 $437 $13,350 $1,900 $11,450
2016 $441 $10,100 $0 $0
2014 $441 $10,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    481 Total Sales

    Jim Reedy
    Section Image
  • Tim Tanner

    Seller's Agent in 2022

    Tim Tanner

    Crye-Leike

    (901) 340-7556

    6 in this area

    100 Total Sales

    Tim Tanner
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    499 Total Sales

    Bradley Reedy
    Section Image
  • Mark Saller

    Buyer's Agent in 2022

    Mark Saller

    Reedy Group II, LLC

    Section Image
  • Felecia Magro

    Seller's Agent in 2017

    Felecia Magro

    The Stamps Real Estate Company

    (901) 283-9373

    11 in this area

    87 Total Sales

    Felecia Magro
    Section Image
  • Carol Stout

    Seller's Agent in 2012

    Carol Stout

    Ware Jones, REALTORS

    (901) 652-4517

    28 Total Sales

    Carol Stout
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10125523

Memphis Area Association of REALTORS®

APN: 03-8075-0-0002

Tennessee Shelby County Memphis 38122 Berclair

3727 Rhea Ave, Memphis, TN

This home is located at 3727 Rhea Ave, Memphis, TN 38122 since 27 May 2022 and is currently estimated at $171,696, approximately $107 per square foot. This property was built in 1947. 3727 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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