NOT LISTED FOR SALE

3786 Caravel Dr Memphis, TN 38115

Hickory Hill Neighborhood

Estimated Value: $133,000 - $195,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$107/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $109,500 $68 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,019/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Central Heating and Cooling System
  • 1 Fireplace
  • Tile Flooring
  • 1-Story Property

About This Home

As of July 2018

Great turnkey investment opportunity! This CASHFLOW property has been fully renovated and brought to 2018 standards! Target rent = $1,095 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, HVAC, Roof and much more!

Last Agent to Sell the Property

James Wachob

Foundation Property Management License #294924 Listed on: 06/15/2018

Foundation Property Management

Co-Listed By

Mark Hart

Reedy & Company, REALTORS License #342634

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,131

Year Built

  • Built in 1977

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70 x 120
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,458 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Tile Flooring
  • Iron Doors
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Ross Manor Estates Sec A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093510 I00022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,131

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 786C
  • MAAR Subdivision Name: ROSS MANOR ESTATES SEC A
  • List Price Per Sq Ft: 75
  • Number Of Stories: 1
  • Price Per Sq Ft: 75.1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1458
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Eat-In Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 91
  • Acreage: 0.19
  • Lot Size: 70 X 120
  • Price Per Acre: 576316

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 093510 I00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2019
Sold by
Lai David Andrew
Bought by
Smith Scott Royal and 3786 Caravel Drive Trust
Current Estimated Value
$171,125

Purchase Details

Listed on
Jun 15, 2018
Closed on
Jun 26, 2018
Sold by
Memphis Investment Rental Properties Llc
Bought by
Lai David Andrew
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$109,500
Sold Price
$109,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$87,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2015
Sold by
Tennesse Investemt Rental Properties Llc
Bought by
Memphis Investment Properties Llc

Purchase Details

Closed on
Aug 1, 2006
Sold by
Reedy Debra L
Bought by
Tennessee Investment Rental Property Llc

Purchase Details

Closed on
Jul 7, 2004
Sold by
Tennessee Rehab Inc
Bought by
Reedy Debra L

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
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2003
Sold by
Deutsche Bank National Trust Co
Bought by
Rehab Tennessee

Purchase Details

Closed on
Jun 12, 2003
Sold by
Terry Kenneth R
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2001-2

Purchase Details

Closed on
Mar 20, 1998
Sold by
American General Finance Inc
Bought by
Terry Kenneth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,159
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 1997
Sold by
Jamieson W Ray and Wages Benjamin T
Bought by
American General Finance Inc
Source: Public Records

Range of Values:

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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
Smith Scott Royal -- None Available
Lai David Andrew $109,500 Delta Title Services Llc
Memphis Investment Properties Llc -- Delta Title Services Llc
Tennessee Investment Rental Property Llc -- None Available
Reedy Debra L -- --
Rehab Tennessee $55,000 First National Financial Tit
Deutsche Bank National Trust Co $96,000 --
Terry Kenneth R $71,000 --
American General Finance Inc $63,129 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lai David Andrew $87,600
Previous Owner Reedy Debra L $75,000
Previous Owner Terry Kenneth R $90,000
Previous Owner Terry Kenneth R $70,159
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2018 07/11/18 Sold $109,500 0.0% $78 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $109,500 -- $78 / 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 $1,131 $39,975 $4,875 $35,100
2024 $1,131 $33,375 $4,250 $29,125
2023 $2,033 $33,375 $4,250 $29,125
2022 $2,033 $33,375 $4,250 $29,125
2021 $1,151 $33,375 $4,250 $29,125
2020 $1,328 $18,325 $4,250 $14,075
2019 $586 $18,325 $4,250 $14,075
2018 $586 $18,325 $4,250 $14,075
2017 $600 $18,325 $4,250 $14,075
2016 $767 $17,550 $0 $0
2014 $767 $17,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wachob

    Seller's Agent in 2018

    James Wachob

    Foundation Property Management

    (901) 633-1484

    17 in this area

    624 Total Sales

    James Wachob
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Mark Hart

    Reedy & Company, REALTORS

    (901) 800-6693

    5 in this area

    93 Total Sales

    Mark Hart
    Section Image

  • B

    Buyer's Agent in 2018

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    21 in this area

    439 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10029589

Memphis Area Association of REALTORS®

APN: 09-3510-I0-0022

Tennessee Shelby County Memphis 38115 Hickory Hill

3786 Caravel Dr, Memphis, TN

This home is located at 3786 Caravel Dr, Memphis, TN 38115 since 15 June 2018 and is currently estimated at $171,125, approximately $107 per square foot. This property was built in 1977. 3786 Caravel Dr is a home located in Shelby County with nearby schools including Belle Forest Community School, Kirby High School, and East Academy.

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