NOT LISTED FOR SALE

3739 Rhea Ave Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $218,000 - $248,000

2 Beds
1 Bath
100-999 Sq Ft
$238/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $114,000 $114 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,335/month

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Level Lot
  • Wood Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of November 2022

INVESTORS ONLY!! DO NOT DISTURB TENANT. SFH Rented for $895/month, managed by a Local Professional Management Company. Lease expires 10/31/2022. Tenant moved in 10/5/2021. Full Renovation done in March 2019. Interior pics, rent rolls, maintenance report available upon request. Part of a 4 property package. Showings only with accepted offer

Last Agent to Sell the Property

Jeremy Veldman

KAIZEN Realty, LLC License #327507 Listed on: 08/24/2022

KAIZEN Realty, LLC

Last Buyer's Agent

Rosalyn Gulley

eXp Realty, LLC License #354473

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $605

Year Built

  • Built in 1947

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 60x213
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 999 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • H H Higbees Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038075 00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$605

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: 125
  • Number Of Stories: 1
  • Price Per Sq Ft: 114.11
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 999
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 1
  • Living Dining Kitchen: Eat-In Kitchen
  • Total Bathrooms: 1

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 3
  • Acreage: 0.29
  • Lot Size: 60X213
  • Price Per Acre: 430690

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 038075 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2023
Sold by
Empact Home Group Llc
Bought by
Mdr Investments Llc
Current Estimated Value
$237,773

Purchase Details

Listed on
Aug 24, 2022
Closed on
Nov 2, 2022
Sold by
Moffic Evan B
Bought by
Empact Home Group Llc
Seller's Agent
Jeremy Veldman
KAIZEN Realty, LLC
Buyer's Agent
Rosalyn Gulley
eXp Realty, LLC
List Price
$124,900
Sold Price
$114,000
Premium/Discount to List
-$10,900
-8.73%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.31%
Original Mortgage
$125,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2019
Sold by
Memphis Turnkey Properties Gp
Bought by
Moffic Evan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,675
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2019
Sold by
Bluff City Realty Llc
Bought by
Memphis Turnkey Properties Gp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,675
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bluff City Realty Llc

Purchase Details

Closed on
Jul 7, 2010
Sold by
Pulliam Annie
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 12, 2007
Sold by
Thorpe Peter Franklin and Thorpe Mary Evelyn
Bought by
Pulliam Annie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
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
Mdr Investments Llc $129,350 Home Surety Title & Escrow
Empact Home Group Llc $114,000 Saddle Creek Title
Moffic Evan B $76,900 Saddle Creek Title Llc
Memphis Turnkey Properties Gp $37,500 Delta Title Services Llc
Bluff City Realty Llc $17,900 Servicelink Hopewell Campus
Federal Home Loan Mortgage Corporation $54,805 None Available
Pulliam Annie L $64,500 Realty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Empact Home Group Llc $125,000
Previous Owner Moffic Evan B $57,750
Previous Owner Moffic Evan B $51,675
Previous Owner Memphis Turnkey Properties Gp $39,654
Previous Owner Pulliam Annie L $64,500
Previous Owner Thorpe Peter Franklin $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $114,000 -8.7% $1,140 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $124,900 -- $1,249 / 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 $605 $32,900 $5,100 $27,800
2024 $605 $17,850 $2,175 $15,675
2023 $1,087 $17,850 $2,175 $15,675
2022 $774 $12,700 $2,175 $10,525
2021 $438 $12,700 $2,175 $10,525
2020 $296 $9,275 $1,900 $7,375
2019 $296 $9,275 $1,900 $7,375
2018 $296 $9,275 $1,900 $7,375
2017 $303 $9,275 $1,900 $7,375
2016 $434 $9,925 $0 $0
2014 $434 $9,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Veldman

    Seller's Agent in 2022

    Jeremy Veldman

    KAIZEN Realty, LLC

    (901) 221-4041

    3 in this area

    213 Total Sales

    Jeremy Veldman
    Section Image

  • R

    Buyer's Agent in 2022

    Rosalyn Gulley

    eXp Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10131967

Memphis Area Association of REALTORS®

APN: 03-8075-0-0004

Tennessee Shelby County Memphis 38122 Berclair

3739 Rhea Ave, Memphis, TN

This home is located at 3739 Rhea Ave, Memphis, TN 38122 since 24 August 2022 and is currently estimated at $237,773, approximately $238 per square foot. This property was built in 1947. 3739 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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