Sold investment property in Raleigh area. This is a tenant occupied property being offered to investors. Prefer cash offers, but negotiable. Home is managed by Realty Capital Management. Drive-by only....make offer contingent on accepted contract. Rent is $550 but rents could be raised (this is on the low side). Lots of homes are being bought & rehabbed in this area & resold for substantially more money. This could be an excellent addition to your rental portfolio. Tenant is month to month.
Memphis Area Association of Realtors(R) MLS #10040493
Dec 4, 2018
Sold
$36,000
Nov 9, 2018
Listed
$41,000
+1
Sold investment property in Raleigh area. This is a tenant occupied property being offered to investors. Prefer cash offers, but negotiable. Home is managed by Realty Capital Management. Drive-by only. .. .make offer contingent on accepted contract. Rent is $550 but rents could be raised (this is on the low side). Lots of homes are being bought & rehabbed in this area & resold for substantially more money. This could be an excellent addition to your rental portfolio. Tenant is month to month.
Public Records
Jul 24, 2012
Sold
$50,900
Public Records
Mar 9, 2012
Sold
$798,058
Memphis Area Association of Realtors(R) MLS #3219350
May 4, 2011
Sold
$17,000
Mar 3, 2011
Listed
$21,000
Features: SOLD AS IS, New Carpet, New HVAC, New Blinds, Freshly Painted
Memphis Area Association of Realtors(R) MLS #3145255
Dec 30, 2008
Sold
$12,000
Jun 23, 2008
Listed
$19,900
Public Records
Feb 23, 1972
Sold
$16,151
Public Records
Mar 25, 1971
Sold
$15,825
Year
Property tax
Land + Additions
Assessment*
2025
$1,336 (+25.1%)
$2,875 + $22,475
$25,350
2024
$1,068 (+8.1%)
$2,875 + $22,475
$25,350
2023
$988
$2,250 + $13,975
$16,225
2022
$988 (−1.2%)
$2,250 + $13,975
$16,225
2021
$1,000 (+50.8%)
$2,250 + $13,975
$16,225
2020
$663 (−28.8%)
$2,250 + $13,975
$16,225
2019
$931
$2,250 + $6,900
$9,150
2018
$931 (+76.3%)
$2,250 + $10,600
$12,850
2017
$528 (−7.8%)
$2,250 + $10,600
$12,850
2016
$573
$2,250 + $10,600
$12,850
2014
$573
$2,250 + $10,875
$13,125
Tax history for 3632 Ridgemont Ave
Year
Property tax
Land + Additions
Assessment*
2025
$1,336 (+25.1%)
$2,875 + $22,475
$25,350
2024
$1,068 (+8.1%)
$2,875 + $22,475
$25,350
2023
$988
$2,250 + $13,975
$16,225
2022
$988 (−1.2%)
$2,250 + $13,975
$16,225
2021
$1,000 (+50.8%)
$2,250 + $13,975
$16,225
2020
$663 (−28.8%)
$2,250 + $13,975
$16,225
2019
$931
$2,250 + $6,900
$9,150
2018
$931 (+76.3%)
$2,250 + $10,600
$12,850
2017
$528 (−7.8%)
$2,250 + $10,600
$12,850
2016
$573
$2,250 + $10,600
$12,850
2014
$573
$2,250 + $10,875
$13,125
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
70 ft.
Lot depth
149 ft.
Lot size
10,430 Sq. Ft.
Year renovated
—
Sq. Ft.
1,143
Year built
1971
Style
Single Family Residential
County
Shelby County
APN
090021 00051
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Property details
Parking
Parking Information
Parking Total: 0
Parking Features: Parking Pad
Interior
Bedroom Information
# of Bedrooms: 3
Bathroom Information
# of Full Baths (Total): 1
Heating & Cooling
Has Heating
Heating Information: Central
Has Cooling
Cooling Information: Central Air
Interior Features
Flooring: Carpet
Exterior
Exterior Features
Patio And Porch Features: Patio, Porch
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Lot Information
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Lot Size Dimensions: 70.07/60.76 X 148.53/152.02
Financial
Tax Information
Tax Annual Amount: $1,020
Location
Location Information
Directions: TAKE NEW ALLEN AND GO WEST ON RIDGEMONT.
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,143
Stories: 1.0
Lot Size: 10,430 square feet
Style: Single Family Residential
Year Built: 1971
Year Renovated: —
County: Shelby County
APN: 090021 00051
Home facts updated by county records on Jul 14, 2026
Other
Home Information
Living Area Units: Square Feet
Building Area Units: Square Feet
Year Built Details: Existing
Levels: Three Or More
Around this home
Schools
Places
Transit
Egypt Elementary School
Public PreK-5 • Assigned • 0.7mi
4/10
Raleigh Egypt High School
Public 6-12 • Assigned • 0.7mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
90
71
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$106,000 – $128,000
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