3727 Rhea Ave Memphis, TN 38122
Berclair Neighborhood
3
Beds
2
Baths
1,400-1,599
Sq Ft
0.29
Acres
Highlights
- Updated Kitchen
- Main Floor Primary Bedroom
- Den
- Traditional Architecture
- 1 Fireplace
- Tile Flooring
About This Home
As of September 2022Great 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
Reedy & Company, REALTORS License #15602 Listed on: 05/27/2022
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
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,526
Avg. Annual Appreciation
0.14%
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
15.82%
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
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $171,000 | Delta Title Services | |
| Warranty Deed | $118,000 | None Listed On Document | |
| Warranty Deed | $44,000 | Delta Title Services Llc | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $53,900 | -- | |
| Warranty Deed | $39,900 | None Available | |
| Trustee Deed | $34,400 | None Available | |
| Special Warranty Deed | $46,500 | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $136,800 | New Conventional | |
| Previous Owner | $153,000 | Purchase Money Mortgage | |
| Previous Owner | $274,468 | New Conventional | |
| Previous Owner | $26,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $26,000 | Purchase Money Mortgage | |
| Previous Owner | $45,500 | Unknown | |
| Previous Owner | $41,496 | Unknown | |
| Previous Owner | $28,800 | Credit Line Revolving |
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
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
27 in this area
422 Total Sales
-
Tim Tanner
Seller's Agent in 2022
Tim Tanner
Crye-Leike
(901) 340-7556
6 in this area
101 Total Sales
-
Bradley Reedy
B
Buyer's Agent in 2022
Bradley Reedy
Reedy & Company, REALTORS
(901) 842-0805
27 in this area
439 Total Sales
-
M
Buyer's Agent in 2022
Mark Saller
Reedy Group II, LLC
-
Felecia Magro
Seller's Agent in 2017
Felecia Magro
The Stamps Real Estate Company
(901) 283-9373
9 in this area
81 Total Sales
-
Carol Stout
Seller's Agent in 2012
Carol Stout
Ware Jones, REALTORS
(901) 652-4517
28 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10125523
APN: 03-8075-0-0002
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.
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