NOT LISTED FOR SALE

3764 Emerson Ave Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $92,000 - $132,000

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$83/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $90,000 $64 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $667/month

70 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Central Heating and Cooling System
  • Wood Flooring
  • Brick Veneer
  • Level Lot

About This Home

As of September 2023

Long term Tenant!!! Cash flowing occupied investment opportunity available below market value and rents! Currently rented at $885/mo. Zestimate rent $1,050/mo. Lease start date 08/01/2016 and end Date 03/31/2024. Professionally managed by Reedy and Company who would like to continue managing. Lease renewals and ledger made available upon request. Do not approach or disturb tenants. No showings without an accepted offer.

Last Agent to Sell the Property

Mark Hart

Reedy & Company, REALTORS License #342634 Listed on: 06/06/2023

Last Buyer's Agent

Dean Harris

CrestCore Realty MphsBrokerage License #286759

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 70x144
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,217 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Wood Flooring
  • Iron Doors

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Nam Ni Estates Blk A 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090032 00065

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: NAM NI ESTATES BLK A-3
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1217
  • Year Built: 1965
  • 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
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 179
  • Acreage: 0.23
  • Lot Size: 70X144

Tax Info

  • Assessor Parcel Number: 090032 00065

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Sep 15, 2023
Sold by
Gashouse Properties Llc
Bought by
Wilkins Charles R
Seller's Agent
Mark Hart
Reedy & Company, REALTORS
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$105,000
Sold Price
$90,000
Premium/Discount to List
-$15,000
-14.29%
Views
69
Current Estimated Value
$117,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,811
Avg. Annual Appreciation
11.45%
Original Mortgage
$67,500
Outstanding Balance
$66,139
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$49,336

Purchase Details

Closed on
Aug 3, 2011
Sold by
Wilhelm Andrew S
Bought by
Gashouse Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,200
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2011
Sold by
Memphis Investment Rental Properties Llc
Bought by
Wilhelm Andrew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,200
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2011
Sold by
Memphis Investment Properties Llc
Bought by
Memphis Investment Rental Properties Llc

Purchase Details

Closed on
Mar 11, 2011
Sold by
Fannie Mae
Bought by
Memphis Investment Properties Llc

Purchase Details

Closed on
Jan 28, 2011
Sold by
Cole Cassandra
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 18, 2007
Sold by
Cole Evelyn
Bought by
Cole Cassandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Wilkins Charles R $90,000 Local Title
Gashouse Properties Llc -- Tam Title & Escrow Llc
Wilhelm Andrew S $49,000 Tam Title & Escrow Llc
Memphis Investment Rental Properties Llc -- Multiple
Memphis Investment Properties Llc $14,650 Tam Title & Escrow Llc
Federal National Mortgage Association $76,873 None Available
Cole Cassandra $75,000 Baymark Title & Escrow Servi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilkins Charles R $67,500
Previous Owner Wilhelm Andrew S $39,200
Previous Owner Cole Cassandra $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2023 09/28/23 Sold $90,000 -14.3% $75 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $105,000 0.0% $88 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $105,000 -- $88 / 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 $606 $28,775 $2,875 $25,900
2024 $606 $17,875 $2,250 $15,625
2023 $1,089 $17,875 $2,250 $15,625
2022 $1,089 $17,875 $2,250 $15,625
2021 $1,102 $17,875 $2,250 $15,625
2020 $991 $13,675 $2,250 $11,425
2019 $991 $13,675 $2,250 $11,425
2018 $991 $13,675 $2,250 $11,425
2017 $562 $13,675 $2,250 $11,425
2016 $513 $11,750 $0 $0
2014 $513 $11,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mark Hart

    Reedy & Company, REALTORS

    (901) 800-6693

    10 in this area

    115 Total Sales

    Mark Hart
    Section Image
  • Dean Harris

    Buyer's Agent in 2023

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    113 in this area

    1,413 Total Sales

    Dean Harris
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10149513

Memphis Area Association of REALTORS®

APN: 09-0032-0-0065

Tennessee Shelby County Memphis 38128 Raleigh

3764 Emerson Ave, Memphis, TN

Not Listed for Sale

Detached

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