NOT LISTED FOR SALE

3741 Ridgemont Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $106,000 - $115,587

3 Beds
1 Bath
1,200-1,399 Sq Ft
$80/Sq Ft Est. Value

Last Sold October 08, 2019

Last sale price $50,000 $36 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $645/month

Highlights

  • Traditional Architecture
  • Den
  • Eat-In Kitchen
  • Wood Flooring
  • Covered Patio or Porch
  • Laundry closet

About This Home

As of October 2019

Fantastic opportunity to own this income producing property that is already tenant occupied until 3/31/2020. Home is rented for $580.00 per month and currently managed by a local professional company. Furnace is brand new, large rooms, fresh paint and new security door. *DO NOT DISTURB TENANTS* Please make offer contingent on inspection.

Last Agent to Sell the Property

Danielle Holland

Reedy & Company, REALTORS License #331914 Listed on: 08/19/2019

Last Buyer's Agent

Chris Mosby

ResiAmerica, Inc. License #282881

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $621

Year Built

  • Built in 1970

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 66 x 130
  • Chain Link Fence
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,341 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Den
  • Pull Down Stairs to Attic
  • Eat-In Kitchen
  • Laundry closet

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Home Security

  • Storm Doors
  • Fire and Smoke Detector
  • Iron Doors

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • Nam Ni Estates Blk A 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090032 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$621

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 731B
  • MAAR Subdivision Name: NAM NI ESTATES BLK A-3
  • List Price Per Sq Ft: 40
  • Number Of Stories: 1
  • Price Per Sq Ft: 37.29
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1341
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Fireplace: In Living Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Den, Eat-In Kitchen
  • Misc Interior: Pull Down Attic Stairs, Smoke Detector(s), Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch, Covered Patio, Chain Fence
  • Exterior Windows: Brick Veneer, Storm Door(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Chain Fenced
  • Lot Number: 201
  • Acreage: 0.19
  • Lot Size: 66 X 130
  • Price Per Acre: 284211

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 090032 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Oct 3, 2019
Sold by
Jc Tn Properties Llc
Bought by
Vb One Llc
Seller's Agent
Danielle Holland
Reedy & Company, REALTORS
Buyer's Agent
Chris Mosby
ResiAmerica, Inc.
List Price
$54,000
Sold Price
$50,000
Premium/Discount to List
-$4,000
-7.41%
Current Estimated Value
$112,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,147
Avg. Annual Appreciation
14.31%

Purchase Details

Closed on
Jul 27, 2015
Sold by
Trotter Brian
Bought by
Jc Tn Properties Llc

Purchase Details

Closed on
Jul 1, 2009
Sold by
Us Bank National Association
Bought by
Gp Memphis Cash Flow

Purchase Details

Closed on
Jun 30, 2009
Sold by
Gp Memphis Cash Flow
Bought by
Trotter Brian

Purchase Details

Closed on
Oct 30, 2008
Sold by
Isom Marvell
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 15, 2006
Sold by
Franklin Robert Wayne
Bought by
Isom Marvell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
10.94%
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
Vb One Llc $50,000 Closetrak Closing & Ttl Svcs
Jc Tn Properties Llc $51,900 Servicelink
Gp Memphis Cash Flow $15,000 None Available
Trotter Brian $27,900 None Available
Us Bank National Association $26,341 None Available
Isom Marvell $60,000 Community Equity & Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Isom Marvell $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2019 10/08/19 Sold $50,000 -7.4% $42 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $54,000 -- $45 / 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 $621 $28,600 $2,875 $25,725
2024 $621 $18,325 $2,250 $16,075
2023 $1,116 $18,325 $2,250 $16,075
2022 $1,116 $18,325 $2,250 $16,075
2021 $1,129 $18,325 $2,250 $16,075
2020 $1,023 $14,125 $2,250 $11,875
2019 $451 $14,125 $2,250 $11,875
2018 $451 $14,125 $2,250 $11,875
2017 $462 $14,125 $2,250 $11,875
2016 $567 $12,975 $0 $0
2014 $567 $12,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Danielle Holland

    Seller's Agent in 2019

    Danielle Holland

    Reedy & Company, REALTORS

    (901) 489-2093

    3 in this area

    218 Total Sales

    Danielle Holland
    Section Image
  • Chris Mosby

    Buyer's Agent in 2019

    Chris Mosby

    ResiAmerica, Inc.

    (901) 830-7200

    31 in this area

    377 Total Sales

    Chris Mosby
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10060027

Memphis Area Association of REALTORS®

APN: 09-0032-0-0005

Tennessee Shelby County Memphis 38128 Raleigh

3741 Ridgemont Rd, Memphis, TN

This home is located at 3741 Ridgemont Rd, Memphis, TN 38128 since 19 August 2019 and is currently estimated at $112,147, approximately $80 per square foot. This property was built in 1970. 3741 Ridgemont Rd is a home located in Shelby County with nearby schools including Egypt Elementary School, Raleigh Egypt High School, and Promise Academy - Spring Hill.

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