NOT LISTED FOR SALE

3740 Rhea Ave Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $94,000 - $126,952

3 Beds
1.5 Baths
1,000-1,199 Sq Ft
$94/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $94,900 $79 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $661/month

7 Days on Market

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Central Heating and Cooling System
  • Wood Flooring
  • Porch
  • Level Lot

About This Home

As of February 2023

Completely updated home with a resident moving in on a 2-year lease at in year 1 and in year 2. Our repairs & updates make this a great investment property to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? We are always looking to buy homes "as is" without inspection and will pay cash. Call listing agent for details.

Last Agent to Sell the Property

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 01/04/2023

Last Buyer's Agent

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 01/04/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $536

Year Built

  • Built in 1945

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 60x207
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,103 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • James E & Jane D Aydelottes Re Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038074 00019

Home Details

Home Type

Single Family

Est. Annual Taxes

$536

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752E
  • MAAR Subdivision Name: AYDELOTT
  • List Price Per Sq Ft: 86
  • Number Of Stories: 1
  • Price Per Sq Ft: 86.04
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1103
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1.1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

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: 25
  • Acreage: 0.28
  • Lot Size: 60X207
  • Price Per Acre: 338929

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 038074 00019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2024
Sold by
Golden Timothy S and Logan Corey R
Bought by
Aca Investment Properties Llc
Current Estimated Value
$113,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Outstanding Balance
$78,160
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$36,128

Purchase Details

Listed on
Jan 4, 2023
Closed on
Jan 27, 2023
Sold by
Laine Real Estate Llc
Bought by
Logan Corey R and Golden Timothy S
Seller's Agent
Andrew Akins
CB Properties of Memphis, LLC
Buyer's Agent
Andrew Akins
CB Properties of Memphis, LLC
List Price
$94,900
Sold Price
$94,900
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$71,175
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2022
Sold by
Memphis Turnkey Properties Gp
Bought by
Laine Real Estate Llc

Purchase Details

Closed on
Sep 15, 2022
Sold by
John Kowalick David
Bought by
Memphis Turnkey Properties Gp

Purchase Details

Closed on
Apr 13, 2011
Sold by
Howell Jeff and Craig Alex
Bought by
Kowalick David John

Purchase Details

Closed on
Feb 17, 2011
Sold by
Federal National Mortgage Association
Bought by
Craig Alex and Howell Jeff

Purchase Details

Closed on
Nov 29, 2004
Sold by
Russell Lawrence A
Bought by
Larbar Properties

Purchase Details

Closed on
Oct 3, 2003
Sold by
Temple Donna
Bought by
Hud

Purchase Details

Closed on
Aug 31, 1998
Sold by
Holloway Debra V
Bought by
Temple Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,472
Interest Rate
6.96%
Mortgage Type
FHA
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
Aca Investment Properties Llc $99,000 Home Surety Title & Escrow
Logan Corey R $94,900 Home Surety Title & Escrow
Laine Real Estate Llc -- Home Surety Title & Escrow
Memphis Turnkey Properties Gp $60,000 Home Surety Title & Escrow
Kowalick David John $43,000 Saddle Creek Title Llc
Craig Alex $18,000 Saddle Creek Title
Larbar Properties -- Title Enterprise Service Co
Hud $55,154 --
Hud $55,154 --
Temple Donna $53,500 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aca Investment Properties Llc $79,200
Previous Owner Logan Corey R $71,175
Previous Owner Russell Lawrence A $57,000
Previous Owner Temple Donna $53,472
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Sold $94,900 0.0% $95 / Sq Ft
01/11/2023 01/11/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $94,900 -- $95 / 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 $536 $24,375 $5,000 $19,375
2024 $536 $15,825 $2,125 $13,700
2023 $964 $15,825 $2,125 $13,700
2022 $839 $13,775 $2,125 $11,650
2021 $374 $13,775 $2,125 $11,650
2020 $316 $9,875 $1,850 $8,025
2019 $316 $9,875 $1,850 $8,025
2018 $316 $9,875 $1,850 $8,025
2017 $323 $9,875 $1,850 $8,025
2016 $470 $10,750 $0 $0
2014 $470 $10,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Akins

    Seller's Agent in 2023

    Andrew Akins

    CB Properties of Memphis, LLC

    (901) 277-6567

    19 in this area

    338 Total Sales

    Andrew Akins
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10140715

Memphis Area Association of REALTORS®

APN: 03-8074-0-0019

Tennessee Shelby County Memphis 38122 Berclair

3740 Rhea Ave, Memphis, TN

This home is located at 3740 Rhea Ave, Memphis, TN 38122 since 04 January 2023 and is currently estimated at $113,238, approximately $94 per square foot. This property was built in 1945. 3740 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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