Sold for $72,222

$72,222

3616 Terrace Dr, Memphis, TN 38127

2beds

1,750sqft

Single Family Residence

Built in 1948

0.34 Acres Lot

$64,600 Zestimate^®

$41/sqft

$925 Estimated rent

Home value

$64,600

$51,000 - $79,000

$925/mo

Zestimate^® history

Owner options

List your home for rent

$925/mo

Rent Zestimate^®

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$925/mo

Rent Zestimate^®

Refinance and save

$363/mo

Est. payment

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$363/mo

Est. payment

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What's special

Prefect for any investor looking for high returns. Add the in your portfolio today! Currently rented at $850/month 25 Package Deal all are rented and cash flowing! Investors have the flexibility to purchase properties individually, in multiples. The package includes 25 properties for a total price of $1,875,000, generating a combined monthly rental income of $21,841. All properties are in rental-grade condition. Call today for the list of the properties.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Width: 0

Dining room

Width: 0

Living room

Width: 0

Den

Width: 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down
Has fireplace: No

Interior area

Total interior livable area: 1,750 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1.25
Exterior features: Other (See REMARKS)
Pool features: None

Lot

Size: 0.34 Acres
Dimensions: 15000
Features: Level

Details

Parcel number: 06906500040

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer

Condition

New construction: No
Year built: 1948

Community & HOA

Community

Subdivision: Terrace Park

Location

Region: Memphis

Financial & listing details

Price per square foot: $41/sqft
Tax assessed value: $67,500
Annual tax amount: $2,092
Price range: $72.2K - $72.2K
Date on market: 6/17/2024
Cumulative days on market: 63 days

Price history

Date	Event	Price
8/30/2024	Sold	$72,222-3.7%$41/sqft
Source: MAAR #10174871 Report a problem
8/19/2024	Pending sale	$75,000$43/sqft
Source: MAAR #10174871 Report a problem
7/16/2024	Price change	$75,000-6.3%$43/sqft
Source: MAAR #10174871 Report a problem
6/17/2024	Listed for sale	$80,000+1233.3%$46/sqft
Source: MAAR #10174871 Report a problem
4/9/2021	Sold	$6,000$3/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$889 +7.4%	$16,875 +34.2%
2024	$828 +8.1%	$12,575
2023	$766	$12,575
2022	--	$12,575
2021	--	$12,575 +59.2%
2020	$252	$7,900
2019	$252 -21.1%	$7,900
2018	$320 -45.1%	$7,900
2017	$583 +101.8%	$7,900 -7.1%
2016	$289 -13.1%	$8,500
2014	$332	$8,500
2013	--	$8,500 -18.5%
2012	--	$10,425
2011	--	$10,425
2010	--	$10,425
2009	--	$10,425 -11.7%
2008	--	$11,800
2007	--	$11,800
2006	--	$11,800
2005	--	$11,800 -4.1%
2004	--	$12,300
2003	--	$12,300
2002	--	$12,300
2001	--	$12,300 +16.9%
2000	--	$10,525