NOT LISTED FOR SALE

3940 Kerwin Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $138,017 - $154,000

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$106/Sq Ft Est. Value

Last Sold May 05, 2020

Last sale price $89,900 $64 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $870/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Central Heating and Cooling System
  • Traditional Architecture
  • Den
  • 1-Story Property

About This Home

As of May 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $850and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 03/10/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $848

Year Built

  • Built in 1973

Lot Details

  • 8,712 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,309 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Den
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Kerwin Sec A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090059 00031

Home Details

Home Type

Single Family

Est. Annual Taxes

$848

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 731D
  • MAAR Subdivision Name: KERWIN SEC A
  • List Price Per Sq Ft: 69
  • Number Of Stories: 1
  • Price Per Sq Ft: 68.68
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1309
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 3
  • Acreage: 0.2
  • Lot Size: 75.01/75 X 118.96/118
  • Price Per Acre: 449500

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 090059 00031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
May 4, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Allen Elizabeth
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$89,900
Sold Price
$89,900
Current Estimated Value
$147,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,854
Avg. Annual Appreciation
8.59%
Original Mortgage
$71,920
Outstanding Balance
$64,510
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$75,195

Purchase Details

Closed on
Dec 23, 2019
Sold by
Wilder Terryl
Bought by
Memphis Investment Properties Ii Llc

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
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2000
Sold by
Hulett T C T and Hulett Kathylene
Bought by
Wilder Terryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.75%

Purchase Details

Closed on
Jul 10, 1998
Sold by
Stover Jamie A
Bought by
Hulett T C and Hulett Kathylene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,900
Interest Rate
7.02%
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
Allen Elizabeth $89,900 Delta Title Services Llc
Memphis Investment Properties Ii Llc $43,258 Multiple
Wilder Terryl $75,000 --
Hulett T C $63,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Elizabeth $71,920
Previous Owner Memphis Investment Properties Ii Llc $75,000
Previous Owner Wilder Terry L $80,004
Previous Owner Wilder Terryl $71,250
Previous Owner Hulett T C $54,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2020 05/05/20 Sold $89,900 0.0% $75 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $89,900 -- $75 / 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 $848 $35,375 $3,250 $32,125
2024 $848 $25,025 $2,250 $22,775
2023 $1,524 $25,025 $2,250 $22,775
2022 $1,524 $25,025 $2,250 $22,775
2021 $863 $25,025 $2,250 $22,775
2020 $1,067 $14,725 $2,250 $12,475
2019 $471 $14,725 $2,250 $12,475
2018 $471 $14,725 $2,250 $12,475
2017 $482 $14,725 $2,250 $12,475
2016 $702 $16,075 $0 $0
2014 $702 $16,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    422 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    439 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10072580

Memphis Area Association of REALTORS®

APN: 09-0059-0-0031

Tennessee Shelby County Memphis 38128 Raleigh

3940 Kerwin Dr, Memphis, TN

This home is located at 3940 Kerwin Dr, Memphis, TN 38128 since 10 March 2020 and is currently estimated at $147,754, approximately $105 per square foot. This property was built in 1973. 3940 Kerwin Dr is a home located in Shelby County with nearby schools including Raleigh Egypt High School, Promise Academy - Spring Hill, and Coleman School.

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