3843 Kerwin Dr Memphis, TN 38128
Raleigh NeighborhoodEstimated Value: $89,000 - $126,000
3
Beds
2
Baths
1,120
Sq Ft
$100/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Porch
- Central Heating and Cooling System
- No HOA
- Tile Flooring
- Property has 3 Levels
About This Home
As of February 2021Great home for investors to add to their portfolio. 3 bedrooms. 2 bath home on great street. Rent 615.00 and ends May 2021. Tenant rights. No sign. Make offer contingent upon inside inspection. You may contact agent for private showing.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $959
Year Built
- Built in 1980
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 72x125
Home Design
- Traditional Architecture
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Parking Space
- 1 Carport Space
- Parking Pad
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Property has 3 Levels
- Porch
Community Details
- No Home Owners Association
- Raleigh Farm Rev Sec B 1 Subdivision
Listing and Financial Details
- Tax Lot 176
- Assessor Parcel Number 090058 00175
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2020
Closed on
Feb 12, 2021
Sold by
Tm Investment Properties Llc
Bought by
Memon Muhammed Usman
List Price
$58,000
Sold Price
$61,000
Premium/Discount to List
$3,000
5.17%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,984
Avg. Annual Appreciation
13.20%
Original Mortgage
$46,000
Outstanding Balance
$40,880
Interest Rate
2.6%
Mortgage Type
Commercial
Estimated Equity
$71,104
Purchase Details
Closed on
Aug 20, 2020
Sold by
Pugh Mark E and Pugh Timothy L
Bought by
Tm Investment Properties Llc
Purchase Details
Closed on
Mar 7, 2003
Sold by
Edwards Joyce D
Bought by
Hud
Purchase Details
Closed on
Jun 26, 1998
Sold by
G & M Investments Llc
Bought by
Edwards Joyce D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,256
Interest Rate
7.04%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 22, 1997
Sold by
Kirsch Joe M
Bought by
G & M Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
7.43%
Mortgage Type
Balloon
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Memon Muhammed Usman | $61,000 | None Available | |
| Tm Investment Properties Llc | -- | None Available | |
| Hud | $72,263 | -- | |
| Edwards Joyce D | $62,000 | -- | |
| Edwards Joyce D | $62,000 | -- | |
| G & M Investments Llc | $33,890 | -- | |
| G & M Investments Llc | $33,890 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Memon Muhammed Usman | $46,000 | |
| Previous Owner | Edwards Joyce D | $62,256 | |
| Previous Owner | G & M Investments Llc | $43,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2021 02/12/21 | Sold | $61,000 | +5.2% | $54 / Sq Ft |
| 10/28/2020 10/28/20 | Pending | -- | -- | -- |
| 10/23/2020 10/23/20 | For Sale | $58,000 | -- | $52 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $664 | $26,975 | $3,250 | $23,725 |
| 2024 | $664 | $19,575 | $2,250 | $17,325 |
| 2023 | $1,192 | $19,575 | $2,250 | $17,325 |
| 2022 | $1,192 | $19,575 | $2,250 | $17,325 |
| 2021 | $1,206 | $19,575 | $2,250 | $17,325 |
| 2020 | $960 | $13,250 | $2,250 | $11,000 |
| 2019 | $423 | $13,250 | $2,250 | $11,000 |
| 2018 | $423 | $13,250 | $2,250 | $11,000 |
| 2017 | $433 | $13,250 | $2,250 | $11,000 |
| 2016 | $489 | $11,200 | $0 | $0 |
| 2014 | $489 | $12,350 | $0 | $0 |
Source: Public Records
Map
Source: Realtracs
MLS Number: 3008780
APN: 09-0058-0-0175
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