$161,500
SOLD NOV 13, 2024
3 Beds
2 Baths
2,984 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$54 Per Sq Ft

2% Below List Price

33 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Level Lot
  • Some Wood Windows
  • Hot Water Heating System

About This Home

As of November 2024

This property is under contract. HUGE duplex that is doing great in terms of cashflow RIGHT NOW! 3/2 units on each side and well-kept by owner. One side is rented for $1350/month until 5/31/2025 and the other is rented for $628 and is month-to-month. There is some great value-add potential for this one and it should be on the radar of any investor looking for small multis right now! Imagine making $2500/month+ under on roof at this price! Buyer to verify all facts; no showings until accepted offer. Do not disturb tenants. No assignable/wholesaler offers will be accepted. No seller-financing, so do not ask or offer; it will be rejected. Seller is selling all in Memphis market to invest in local market. Selling with 3 other duplexes and will split.

Last Agent to Sell the Property

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 10/04/2024

Last Buyer's Agent

Monica Bynum

Crye-Leike, Inc., REALTORS License #343193

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1973

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 58x156
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,984 Sq Ft Home
  • 2-Story Property
  • Some Wood Windows

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Heritage Colony 1St Addn Sec D Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 093417 G00083

Home Details

Home Type

Single Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 3875
  • MLS Map #: 785A
  • MAAR Subdivision Name: HERITAGE COLONY 1ST ADD SEC D
  • Freestanding: Yes
  • Number Of Stories: 2
  • Price Per Sq Ft: 54.12
  • Estimated Sq Ft: 2984
  • Year Built: 1973
  • List Price/ Sq Ft: 55
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Estimated Entire Duplex Sq Ft: 2800-2999

Exterior Features

  • Exterior Windows: Brick Veneer, Wood/Composition, Vinyl Siding
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central, Gas
  • Hot Water: Gas, Individual System

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 593
  • Acreage: 0.2
  • Lot Size: 58X156
  • Price Per Acre: 824500
  • Geo Subdivision: TN

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 093417 G00083

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Nov 13, 2024
Sold by
Delta Blue Properties Llc
Bought by
Island Home Llc
Seller's Agent
Randall Weatherall
Memphis Metro Realty
Buyer's Agent
Monica Bynum
Crye-Leike, Inc., REALTORS
List Price
$164,900
Sold Price
$161,500
Premium/Discount to List
-$3,400
-2.06%
Views
20
Current Estimated Value
$162,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$832
Avg. Annual Appreciation
0.65%
Original Mortgage
$121,125
Outstanding Balance
$120,269
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$42,063

Purchase Details

Listed on
Apr 16, 2018
Closed on
May 23, 2018
Sold by
Crabtree Lan S
Bought by
Delta Blue Properties Llc
Seller's Agent
John Thorne
HomePlace Real Estate
Buyer's Agent
Thomas Blanche
Northpoint Asset Management, L
List Price
$86,000
Sold Price
$82,400
Premium/Discount to List
-$3,600
-4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%
Original Mortgage
$66,400
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 6, 2013
Closed on
Dec 13, 2013
Sold by
Walling Glenn P and Walling Debbie L
Bought by
Crabtree Ian S
Seller's Agent
Allison Pierce
KAIZEN Realty, LLC
Buyer's Agent
Diana Preston
Keller Williams
List Price
$74,900
Sold Price
$69,000
Premium/Discount to List
-$5,900
-7.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$51,750
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2010
Sold by
Walling Debbi L and Walling Glenn P
Bought by
Walling Glenn P and Walling Debbi L

Purchase Details

Closed on
Aug 12, 2010
Sold by
Gp Memphis Cash Flow
Bought by
Walling Debbi L and Walling Glenn P

Purchase Details

Closed on
May 6, 2010
Sold by
Fannie Mae
Bought by
Do Tai Tan and Luu Xuan Thi

Purchase Details

Closed on
Feb 5, 2010
Sold by
Webb Ryan
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 28, 2008
Sold by
The Bank Of New York Trust Co Na
Bought by
Webb Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,372
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2007
Sold by
Chaaban Tim
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank Na

Purchase Details

Closed on
Sep 19, 2005
Sold by
Guenther Hans J and Miller Ewell D
Bought by
Chaaban Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 24, 2001
Sold by
G & M Investments
Bought by
Guenther Hans J and Miller Ewell D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,250
Interest Rate
7.09%

Purchase Details

Closed on
May 1, 2000
Sold by
Shaw Kenneth A and Shaw Christina M
Bought by
G & M Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
8.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 29, 1998
Sold by
Martinez Elizabeth
Bought by
Shaw Kenneth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,440
Interest Rate
7.1%
Source: Public Records

Similar Homes in Memphis, TN

  • 4864 Cloister Ave, Memphis, TN 38118

    $183,800

    • 3 Beds
    • 2 Baths
    • 1,600+ Sq Ft
    • 4864 Cloister Ave
    • Memphis, TN

    Investor Alert: This 3 bed / 2 bath home in the Winchester Gardens neighborhood is part of a larger portfolio of 25 properties offered in the Memphis area. Currently rented with long term tenant. Seller will sell properties as a package or in various smaller packages.

    Daniel Johnson Keller Williams

    Section Image
  • 4825 Bridgedale Ave, Memphis, TN 38118

    $120,000

    • 3 Beds
    • 2 Baths
    • 1,200+ Sq Ft
    • 4825 Bridgedale Ave
    • Memphis, TN

    Great Investment Property! Being sold AS-IS! Seller prefers to sell this property as a package along with 140 E Shelby Dr 38109 - MLS#10204237. No wholesalers! ARV is $175K. Market rents are $1,400 - $1,600. Drive by ONLY! Tenant occupied. DO NOT DISTURB THE TENANT! Leased at $1,150/month until 3/31/2026. Cash tenant. Make offers contingent on inspection. Copy of the lease & ledger available upon

    Jordan Ray eXp Realty, LLC

    Section Image
  • 1930 Tahiti Ln, Memphis, TN 38117

    $150,000

    • 3 Beds
    • 2 Baths
    • 1,000+ Sq Ft
    • 1930 Tahiti Ln
    • Memphis, TN

    3 bedroom house with 2 baths, Carport with storage plus large covered patio in backyard. Fenced yard.

    Sherry Harbur Harbur Realty

    Section Image
  • 4189 Chippewa Rd, Memphis, TN 38118

    $139,000

    • 3 Beds
    • 1.5 Baths
    • 1,000+ Sq Ft
    • 4189 Chippewa Rd
    • Memphis, TN

    Great opportunity in Memphis! This property has had recent renovations including updated flooring, fresh paint, and more. Functional layout with strong rental potential or a great option for a primary residence. Conveniently located near shopping, schools, and major roadways. Don’t miss your chance to add this one to your portfolio or make it your own!

    Blake Clothier Premier Realty Group, LLC

    Section Image
  • 3449 Carrington Rd, Memphis, TN 38111

    $178,500

    • 3 Beds
    • 2 Baths
    • 1,600+ Sq Ft
    • 3449 Carrington Rd
    • Memphis, TN

    Come check out this fully remodeled, beautifully updated and renovated. Three-bedroom, two-bath home. Located in the highly sought-after 38111 neighborhood this home puts you steps away from the University of Memphis and the Children’s Museum — so whether you're into higher education or finger painting, you're covered. Inside, you'll find modern finishes, clean lines with an open concept layout

    Vivian Denogean Fast Track Realty, LLC

    Section Image
  • 3442 Carrington Rd, Memphis, TN 38111

    $168,500

    • 4 Beds
    • 2 Baths
    • 1,200+ Sq Ft
    • 3442 Carrington Rd
    • Memphis, TN

    Will Do Lease Purchase!!!! *Totally Remodel* With that new home feel. Waiting for your growing family. This home is a gem shining like a diamond. Perfect location just minutes from U of M, nice restaurants and shopping. FHA, Cash or Conventional.

    Jo Mathes Pinnacle Realty

    Section Image
  • 2904 Barron Ave, Memphis, TN 38114

    $163,000

    • 3 Beds
    • 2 Baths
    • 1,000+ Sq Ft
    • 2904 Barron Ave
    • Memphis, TN

    This Gorgeous 3-Bed, 2-Bath Home! Fully renovated and updated—because you deserve a home that doesn’t need your DIY skills. No weird fixer-upper surprises here! A kitchen so nice, even takeout will feel guilty for showing up Two bathrooms—because sharing one should be left in the past, like dial-up internet. Cute patio out back—perfect for coffee, cocktails, or pretending to garden. This home

    Vivian Denogean Fast Track Realty, LLC

    Section Image
  • 2196 Ketchum Rd, Memphis, TN 38114

    $139,000

    • 4 Beds
    • 2 Baths
    • 1,200+ Sq Ft
    • 2196 Ketchum Rd
    • Memphis, TN

    You'll the privacy on this one, no neighbors right on top of you. Easy access to I240. 4 bedroom/2 full baths. New paint, windows, refinished floors, new AC will be installed at closing. Nice size home and lot for the money, cheaper than rent. It was leased at $1700/mo but you can own is for much less. Call for details.

    Scott Carrier Keller Williams

    Section Image
  • 677 Buntyn St, Memphis, TN 38114

    $150,000

    • 3 Beds
    • 1,354 Sq Ft
    • 677 Buntyn St
    • Memphis, TN

    Cash Cow Turnkey Triplex Investment Opportunity Exceeding the 1% Rule In Orange Mound! Drive By ONLY! Tenant Occupied. DO NOT DISTURB THE TENANTS! Unit 1 Is Rented Section 8 At $850/month Until 10/31/2025. Unit 2 Is Rented Section 8 For $895/month Until 10/31/2025. Unit 3 Is Vacant & Currently Marketed For Rent at $750/month. All Units Are 1 bed/1 bath. When Fully Occupied The Property Will

    Jordan Ray eXp Realty, LLC

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $161,500 Executive Title & Closing
Warranty Deed $82,400 Close Trak Closing & Title S
Warranty Deed $69,000 Saddle Creek Title
Interfamily Deed Transfer -- None Available
Warranty Deed $59,300 None Available
Warranty Deed $29,000 None Available
Corporate Deed $25,250 None Available
Trustee Deed $40,907 None Available
Special Warranty Deed $26,250 Resource Title Agency Of Tn
Trustee Deed $75,600 None Available
Warranty Deed $93,000 --
Quit Claim Deed -- --
Trustee Deed $38,676 --
Warranty Deed $151,800 Security Title Company Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $121,125 New Conventional
Previous Owner $316,400 New Conventional
Previous Owner $66,400 New Conventional
Previous Owner $51,750 New Conventional
Previous Owner $37,372 Purchase Money Mortgage
Previous Owner $83,700 Fannie Mae Freddie Mac
Previous Owner $347,917 Unknown
Previous Owner $59,250 No Value Available
Previous Owner $56,000 Unknown
Previous Owner $121,440 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $161,500 -2.1% $54 / Sq Ft
10/04/2024 10/04/24 For Sale $164,900 +100.1% $55 / Sq Ft
05/23/2018 05/23/18 Sold $82,400 -4.2% $27 / Sq Ft
04/26/2018 04/26/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $86,000 +24.6% $28 / Sq Ft
12/17/2013 12/17/13 Sold $69,000 -7.9% $22 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
07/06/2013 07/06/13 For Sale $74,900 -- $24 / 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 -- $68,400 $8,600 $59,800
2024 $979 $28,880 $5,400 $23,480
2023 $1,759 $28,880 $5,400 $23,480
2022 $1,759 $28,880 $5,400 $23,480
2021 $2,091 $28,880 $5,400 $23,480
2020 $2,029 $28,000 $5,400 $22,600
2019 $895 $28,000 $5,400 $22,600
2018 $895 $28,000 $5,400 $22,600
2017 $916 $28,000 $5,400 $22,600
2016 $1,295 $29,640 $0 $0
2014 $1,295 $29,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10182584

Memphis Area Association of REALTORS®

APN: 09-3417-G0-0083