Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2018 standards! Target rent = $795 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Single-familyProperty Type
1968Year Built
8,468 sq ftLot Size
$95Est. Price/Sq.Ft.
1 spaceParking
Listed by James Wachob• Reedy & Company, REALTORS
Bought with Bradley Reedy• Reedy Group II, LLC
Source:Memphis Area Association of Realtors(R) MLS #10036918
Redfin Estimate
$110,455
$9,445 since sold in May 2022$5,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20% higher than the average sale price ($92K) of 6 comparable homes.
Corporate owned home selling as is. 3 bedroom 1 1/2 bath brick home at a great price. Don't miss this opportunity for a wonderful family home or a super income property.
APPFOLIO #1
Apr 12, 2025
Rental Removed
$1,090
$1/sq ft
Apr 3, 2025
Listed for Rent
$1,090
$1/sq ft
Public Records
May 26, 2022
Sold
$119,900
$103/sq ft
Public Records
Dec 19, 2018
Sold
$79,990
$69/sq ft
Memphis Area Association of Realtors(R) MLS #10036918
Dec 18, 2018
Sold
$79,900
$69/sq ft
Sep 19, 2018
Listed
$79,900
$69/sq ft
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2018 standards! Target rent = $795 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Memphis Area Association of Realtors(R) MLS #10030367
Aug 16, 2018
Sold
$38,500
$33/sq ft
Jun 25, 2018
Listed
$40,000
$34/sq ft
Public Records
May 3, 1996
Sold
$53,000
$46/sq ft
Public Records
Mar 3, 1990
Sold
$48,500
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,364 (+22.9%)
$2,875 + $23,000
$25,875
2024
$1,110 (+8.1%)
$2,875 + $23,000
$25,875
2023
$1,026
$2,250 + $14,600
$16,850
2022
$1,026 (−1.2%)
$2,250 + $14,600
$16,850
2021
$1,038 (+9.4%)
$2,250 + $14,600
$16,850
2020
$949
$2,250 + $14,600
$16,850
2019
$949
$2,250 + $10,850
$13,100
2018
$949 (+76.3%)
$2,250 + $10,850
$13,100
2017
$538 (−5.7%)
$2,250 + $10,850
$13,100
2016
$571 (+2.3%)
$2,250 + $10,850
$13,100
2014
$558
$2,250 + $10,525
$12,775
Tax history for 3685 Ridgemont Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,364 (+22.9%)
$2,875 + $23,000
$25,875
2024
$1,110 (+8.1%)
$2,875 + $23,000
$25,875
2023
$1,026
$2,250 + $14,600
$16,850
2022
$1,026 (−1.2%)
$2,250 + $14,600
$16,850
2021
$1,038 (+9.4%)
$2,250 + $14,600
$16,850
2020
$949
$2,250 + $14,600
$16,850
2019
$949
$2,250 + $10,850
$13,100
2018
$949 (+76.3%)
$2,250 + $10,850
$13,100
2017
$538 (−5.7%)
$2,250 + $10,850
$13,100
2016
$571 (+2.3%)
$2,250 + $10,850
$13,100
2014
$558
$2,250 + $10,525
$12,775
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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
Interior
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Central
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Traditional
Exterior Wall: Brick Veneer
Roof Covering Type: Composition Shingle
Roof Shape Type: Gable
Property Information
Subdivision Name: NAM NI ESTATES RE
Living Sq. Ft: 1,160
Ground Floor Sq. Ft: 1,160
Building Sq. Ft: 1,160
# of Stories: 1
Stories Type: 1
Legal Description: SS NEW EGYPT CENTRAL 107.09 FT E OF HOBSON
Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 180
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 8,468
Legal Lot Number: 298
Municipality Name: MEMPHIS
Acres: 0.1944
Depth Footage: 116
Front Footage: 73
Zoning Code: R-6
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,160
Stories: 1.0
Lot Size: 8,468 square feet
Style: Single Family Residential
Year Built: 1968
Year Renovated: —
County: Shelby County
APN: 090052 00012
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Egypt Elementary School
Public PreK-5 • Assigned • 0.6mi
4/10
Raleigh Egypt High School
Public 6-12 • Assigned • 0.6mi
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
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
15% 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
89
70
87
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
$105,000 – $128,000
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