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3617 Rhea Avenue

3617 Rhea Avenue, Memphis, TN 38122
House in Grahamwood
Sold Mar 31, 2020
$71,500
$57,200 by Mortgage Investors Corp
Mortgage Due Apr 01, 2035
Sold Jul 18, 2014
$60,000
$56,650 by Bancorpsouth Bank
Mortgage Due Jul 09, 2029
3617 Rhea Avenue in Memphis, TN was first built in 1946 and is 78 years old. Although, the building on the property was most recently renovated and altered in 1983. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a cottage style. There are a total of 1 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 3617 Rhea Avenue has 873 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 1,300. In total, the area measurement of the land is 7,800 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. For those who need parking, there is a carport. The garage is 240 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3617 Rhea Avenue was last sold in Mar 26, 2020 for $71,500. According to our calculations, that's $43.57 per sqft. Prior to that sales transaction, the property was sold for $60,000 in Jul 9, 2014. Current property owners are expected to pay $1,025 in taxes per year. The property on 3617 Rhea Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $16,825. To break that down further, the land itself was valued at $1,500. While improvements to the property were assessed at a total of $15,325. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,641
  • Gross Building Area: 1,641
  • Building Area: 873
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 873
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RUNNIMEADE
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS RHEA

Ownership

  • Current Owner : RO ESTHER
  • Previous Owner : WOMACK MICHAEL A
  • Previous Owner 2: WOMACK ANN KATHRYN
  • Owner Before Previous Owner: FERRELL RAYN
  • Owner Before Previous Owner 2: FERRELL BARBARA B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001200

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 03-8054-0-0004
  • Lot: 62
  • Municipality: MEMPHIS
  • Latitude: 35.1594
  • Longitude: -89.94

    Address

  • Full Address: 3617 Rhea Ave
  • Address - House Number: 3617
  • Address - Street Name: Rhea
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C086
  • 4-Digit Zip Code: 3364
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,025

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 397,289
  • High Value: 577,979
  • Low Value: 216,598

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $57,200
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS CORP
  • First Open Lien Mortgage Recording Date: Mar 31, 2020
  • First Open Lien Mortgage Loan Amount: $57,200
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2035

    Market Valuation

  • Market Total Value: $67,300
  • Market Land Value: $6,000
  • Market Improvement Value: $61,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,825
  • Assessed Land Value: $1,500
  • Assessed Improvements Value: $15,325

    Sales

  • Current Sale Contract Date: Mar 26, 2020
  • Current Sale Recording Date: Mar 31, 2020
  • Current Sale Transaction ID: 11753624469
  • Current Sale Price: $71,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20033333
  • Previous Sale Recording Date: Jul 18, 2014
  • Previous Sale Contract Date: Jul 09, 2014
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS CORP
  • First Mortgage Transaction Date: Mar 31, 2020
  • First Mortgage Loan Amount: $57,200
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: BANCORPSOUTH BANK
  • Previous Mortgage Transaction Date: Jul 18, 2014
  • Previous Mortgage Loan Amount: $56,650
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Jul 09, 2029

About Grahamwood



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Frequently Asked Questions

What neighborhood is 3617 Rhea Avenue located in?
The 3617 Rhea Avenue is a house located in the neighborhood of Grahamwood in Grahamwood, Memphis.
What is the average sales price for listings in 3617 Rhea Avenue?
The average sales price for units in 3617 Rhea Avenue is $0 currently.

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