NOT LISTED FOR SALE

3731 Fairmont Ave Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $115,000 - $140,000

3 Beds
1.5 Baths
1,000-1,199 Sq Ft
$104/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $126,500 $106 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $693/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Tile Flooring

About This Home

As of November 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $950 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: 05/04/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $383

Year Built

  • Built in 1949

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 50x220
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,193 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Greenlaw Blk A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 043089 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$383

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752C
  • MAAR Subdivision Name: GREENLAW
  • List Price Per Sq Ft: 106
  • Number Of Stories: 1
  • Price Per Sq Ft: 106.04
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1193
  • Year Built: 1949
  • 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, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1.1
  • 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: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 51-52
  • Acreage: 0.25
  • Lot Size: 50X220
  • Price Per Acre: 506000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 043089 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Nov 16, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Bene Thomas and Bene Thomas F
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$126,500
Sold Price
$126,500
Current Estimated Value
$125,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,417
Avg. Annual Appreciation
-0.39%
Original Mortgage
$101,200
Outstanding Balance
$98,056
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$27,027

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
$92,500
Sold Price
$67,000
Premium/Discount to List
-$25,500
-27.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
138.84%
Original Mortgage
$100,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2018
Sold by
Sm81 Property Group Llc
Bought by
Tiscia Louis A and Tiscia Jennifer V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2014
Sold by
Angeles Holdings Llc
Bought by
Sm81 Property Group Llc

Purchase Details

Listed on
Aug 31, 2011
Closed on
Jan 13, 2012
Sold by
Volner Wade
Bought by
Gray Elizabeth Ann and Elizabeth Ann Gray Revocable Living Trus
Seller's Agent
Cal Aycock
KAIZEN Realty, LLC
Buyer's Agent
Jason Arms
Memphis Area Rentals
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.40%

Purchase Details

Closed on
Jun 25, 2009
Sold by
Taylor Edward and Taylor Hazel
Bought by
Volner Wade

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,400
Interest Rate
4.94%
Mortgage Type
New Conventional
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
Bene Thomas $126,500 Delta Title Services
Memphis Investment Properties Iii Llc $67,000 None Listed On Document
Tiscia Louis A $88,000 Close Trak Closing & Title S
Sm81 Property Group Llc $31,000 None Available
Gray Elizabeth Ann $25,000 Southern Trust Title Company
Volner Wade $28,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bene Thomas $101,200
Previous Owner Memphis Investment Properties Iii Llc $100,000
Previous Owner Tiscia Louis A $66,000
Previous Owner Volner Wade $22,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2022 11/17/22 Sold $126,500 0.0% $127 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $126,500 +88.8% $127 / Sq Ft
02/23/2022 02/23/22 Sold $67,000 -27.6% $48 / Sq Ft View Prior Sale
01/18/2022 01/18/22 Pending -- -- --
11/16/2021 11/16/21 For Sale $92,500 +270.0% $66 / Sq Ft
01/13/2012 01/13/12 Sold $25,000 -16.4% $25 / Sq Ft View Prior Sale
11/11/2011 11/11/11 Pending -- -- --
08/31/2011 08/31/11 For Sale $29,900 -- $30 / 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 $383 $31,750 $2,825 $28,925
2024 $383 $11,300 $1,825 $9,475
2023 $688 $11,300 $1,825 $9,475
2022 $612 $10,050 $1,825 $8,225
2021 $347 $10,050 $1,825 $8,225
2020 $643 $8,875 $1,525 $7,350
2019 $284 $8,875 $1,525 $7,350
2018 $284 $8,875 $1,525 $7,350
2017 $290 $8,875 $1,525 $7,350
2016 $354 $8,100 $0 $0
2014 $354 $8,100 $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

    25 in this area

    409 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

    25 in this area

    426 Total Sales

    Bradley Reedy
    Section Image

  • M

    Buyer's Agent in 2022

    Mark Saller

    Reedy Group II, LLC

    Section Image
  • Cal Aycock

    Seller's Agent in 2012

    Cal Aycock

    KAIZEN Realty, LLC

    (901) 870-1101

    1 in this area

    63 Total Sales

    Cal Aycock
    Section Image

  • J

    Buyer's Agent in 2012

    Jason Arms

    Memphis Area Rentals

    (901) 591-7368

    1 in this area

    7 Total Sales

    Jason Arms
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10123292

Memphis Area Association of REALTORS®

APN: 04-3089-0-0016

Tennessee Shelby County Memphis 38122 Berclair

3731 Fairmont Ave, Memphis, TN

This home is located at 3731 Fairmont Ave, Memphis, TN 38122 since 04 May 2022 and is currently estimated at $125,083, approximately $104 per square foot. This property was built in 1949. 3731 Fairmont Ave is a home located in Shelby County with nearby schools including Kingsbury Elementary School, Kingsbury Middle School, and Kingsbury High School.

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