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Memphis 38134 Frayser - Raleigh PD
3260 RUSKIN RD
Photo of 3260 RUSKIN RD
Sold on May 18, 2022

24

Map

Photo of 3260 RUSKIN RD
Photo of 3260 RUSKIN RD
$239,000
● House - Off Market

3260 RUSKIN RD

Memphis, TN 38134
bedrooms
4 Beds
bathrooms
3 Baths
$221,612
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Newly renovated home on large, flat lot featuring engineered hardwood in kitchen and living areas, new carpet, new bathroom countertops, new light fixtures, fresh paint, and more! Furnace replaced in 2020, hot water heater replaced in 2020, and AC replaced in 2021. New fence and new roof on outdoor shed.
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$127
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC3503741)

Price History

Date / Event Date Event Price
May 18, 2022 Sold
Premium
Sold
Apr 21, 2022 Listed by Crye-Leike Realtors $219,900
Listed by Crye-Leike Realtors

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 12
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,900
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,885
  • Gross Building Area: 1,885
  • Building Area: 1,525
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,525
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIAMSBURG PARK SEC I
  • Land Acres: 0000000273
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: ES RUSKIN RD

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020651

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 55-46
  • District: O
  • Parcel: 08-7033-A0-0027
  • Lot: 27
  • Municipality: MEMPHIS
  • Latitude: 35.2148
  • Longitude: -89.8827

    Address

  • Full Address: 3260 Ruskin Rd
  • Address - House Number: 3260
  • Address - Street Name: Ruskin
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C023
  • 4-Digit Zip Code: 3216
  • Zip Code: 38134

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $238,488
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2531
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 229,963
  • High Value: 288,167
  • Low Value: 171,759

    Market Valuation

  • Market Total Value: $123,800
  • Market Land Value: $15,500
  • Market Improvement Value: $108,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,950
  • Assessed Land Value: $3,875
  • Assessed Improvements Value: $27,075

    Sales

  • Current Sale Contract Date: May 18, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 58581
  • Previous Sale Recording Date: Mar 31, 2022
  • Previous Sale Contract Date: Mar 15, 2022
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Frayser - Raleigh PD

Stats & Trends

Median Asking:

$134,500

Sale Price/ft²

$91

Below Asking

0.03%

Average Days on Market

44

Average Home Size

1300 ft²

Average Home Age

50.9 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3503741
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 3260 Ruskin Road built and last sold?
The property at 3260 Ruskin Road was built in 1976 and last sold on May 18, 2022 for $239,000.
How much is this home worth?
The estimated value of the home located at 3260 Ruskin Road is $222,099.
What are some comparable homes to 3260 Ruskin Road?
There are currently no comparable homes to 3260 Ruskin Road.
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