Check Availability
$129,900
↑ $20K (18.2%)
House - For Sale

3787 RHODES

Memphis, TN 38111
bedrooms
2 Beds
bathrooms
1 Bath
$689
Estimated Monthly
$0
HOA / Fees
8.73%
Cap Rate

About This Property

ATTN INVESTORS  Immediate Rental Income  Currently Leased til Sept 2024.  Great Location in the U of M Area MAKE SERIOUS OFFER CLOSE 15-30 days  MUST CONTACT AGENT DIRECT. DO NO DISTURB TENANT
Unit Size
-
Days on Market
168 days
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$50
HOA Dues
-
Year Built
1948
Listed By
Lisa Burks
Adaro Realty, Inc.
Last updated: 5 months ago (MAARTN #10160846)

Price History

Date / Event Date Event Price
Dec 16, 2023 Price Increased $129,900
↑ $20K (18.2%)
Price Increased
Nov 28, 2023 Price Decreased $109,900
↓ $20K (15.4%)
Price Decreased
Nov 13, 2023 Listed by Adaro Realty $129,900
Listed by Adaro Realty
Nov 13, 2023 Sold $15,398
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Floor Count: 1
  • Basement Area: 0
  • Garage Square Area: 220
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,806
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 920
  • Total Building Area: 914
  • Gross Building Area: 914
  • Building Area: 914
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 914
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: SHERWOOD FOREST 4TH ADDITION
  • Land Acres: 0.225

Ownership

  • Current Owner : SOUTHERN HOME CRAFTERS LLC
  • Previous Owner : CITY CONSTRUCTION AND DEVELOPMENT LLC
  • Owner Before Previous Owner: THE SECRETARY OF HOUSING & URBAN DEVELOP

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008000

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MAP 13 69
  • District: O
  • Parcel: 05-8074-0-0001
  • Lot: 40
  • Municipality: MEMPHIS
  • Latitude: 35.0988
  • Longitude: -89.9362

    Address

  • Full Address: 3787 Rhodes Ave
  • Address - House Number: 3787
  • Address - Street Name: Rhodes
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C091
  • 4-Digit Zip Code: 6531
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $602

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 89
  • Final Value: 106,597
  • High Value: 118,216
  • Low Value: 94,979

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,000
  • First Open Lien Mortgage Lender: CHICKASAW VENTURES LLC
  • First Open Lien Mortgage Recording Date: Dec 27, 2023
  • First Open Lien Mortgage Loan Amount: $75,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Dec 27, 2053

    Market Valuation

  • Market Total Value: $39,500
  • Market Land Value: $8,500
  • Market Improvement Value: $31,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,875
  • Assessed Land Value: $2,125
  • Assessed Improvements Value: $7,750

    Sales

  • Current Sale Contract Date: Nov 10, 2023
  • Current Sale Recording Date: Nov 13, 2023
  • Current Sale Transaction ID: 11915893259
  • Current Sale Price: $15,398
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 96932
  • Previous Sale Recording Date: Mar 29, 2012
  • Previous Sale Contract Date: Mar 28, 2012
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: NINETY8 CAPITAL LLC
  • First Mortgage Transaction Date: Nov 13, 2023
  • First Mortgage Loan Amount: $20,000
  • First Mortgage Terms: 2
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Feb 13, 2024

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
-
$125,000 Nov 3, 2023
-
$52/mo
House
2 Beds
1 Bath
-
$125,000 Nov 3, 2023
-
$60/mo
House
2 Beds
1 Bath
-
$119,900 Sep 5, 2023
-
$99/mo
House
3 Beds
2 Baths
-
$143,000 Oct 31, 2023
-
$111/mo
House
3 Beds
2 Baths
-
$150,000 Nov 10, 2023
-
$114/mo
House
4 Beds
1.5 Baths
-
$130,000 Sep 28, 2023
-
$101/mo
House
4 Beds
1.5 Baths
-
$145,000 Nov 1, 2023
-
$89/mo
House
4 Beds
2 Baths
-
$155,000 Dec 14, 2022
-
$82/mo
House
4 Beds
2 Baths
-
$152,800 Sep 13, 2023
-
$87/mo
House
4 Beds
1 Bath
-
$150,000 Nov 3, 2023
-
$82/mo

About Depot Planning District


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Frequently Asked Questions

When was property at 3787 Rhodes Avenue built and last sold?
The property at 3787 Rhodes Avenue was built in 1948 and last sold on Nov 10, 2023 for $15,398.
How much is this home worth?
The estimated value of the home located at 3787 Rhodes Avenue is $131,199.
What are some comparable homes to 3787 Rhodes Avenue?
Homes that are comparable to 3787 Rhodes Avenue include a house property at 1049 East Walthal Circle, 1025 South Highland Street, 3427 Vanuys Road.

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