Investor special or the perfect place to call home! This move-in ready 3-bedroom home offers a spacious, fully fenced backyard and an excellent locationclose to shopping, dining, and schools. Conveniently located near Sherwood Elementary, Sherwood Middle, and Melrose High School, this property is ideal for homeowners and investors alike. With online sources estimating rental potential around $1,400 per month, this home presents a fantastic opportunity to add to your portfolio or purchase as your first home. Schedule your showing today!
Sherwood Forest, located between Summer Avenue and I-40, is a residential and suburban Memphis neighborhood with mid-century ranch homes and mature tree canopy. The neighborhood’s character concentrates around the Summer Avenue corridor near White Station Road, where international eateries, long-running local shops, and auto-service storefronts set a busy, practical tone. Broad lawns, curving streets, and brick facades give the area a steady, lived-in architectural rhythm. Shelby Farms Park and the Greenline frame daily routines with long, flat miles for walking and biking. Crosstown Concourse adds galleries, food stalls, and events within a short drive. The vibe reads calm on side streets, energetic along Summer’s storefront strip.
Provided by Walk Score and Local Logic
Offer insights
3723 Wilshire Ave · $129,901
$130K and above
75% chance or better to win
Why $130K+ is a strong offer
DAYS ON MARKET
62 days
The average home goes pending in 48 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Bathroom
Bedroom
Interior features
Separate living room and separate dining room
Range/oven included
One-story home
Six total rooms
Bedrooms
3 bedrooms, all on the main level
Primary bedroom on the main level with carpet
Bathrooms
1 full bathroom
Primary bathroom with tile floor
Kitchen
Range/oven
Flooring
Combination of carpet, tile, and vinyl flooring
Heating & cooling
Central heating
Central cooling
Exterior features
Wrought iron security doors
Brick veneer exterior
No pool
Some trees
Chain fenced yard
Home design
Detached single-family home
Traditional style
Built in 1950
Parking
Driveway/pad
Security
Wrought iron security doors
Construction
Composition shingle roof
Brick veneer construction
Existing property (not new construction)
Utilities
Central heating and cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10228843
Aug 21, 2026
Listed
$129,901
rentalsource #4
Aug 23, 2026
Rental Removed
$1,095
Jul 7, 2026
Price Changed
$1,095
Jun 27, 2026
Price Changed
$1,150
Jun 20, 2026
Listed for Rent
$1,195
RentEngineListings #3
Jun 19, 2026
Rental Removed
$1,195
Jun 4, 2026
Price Changed
$1,195
May 17, 2026
Price Changed
$1,225
Apr 9, 2026
Listed for Rent
$1,275
SHOWMOJO #2
Apr 9, 2026
Rental Removed
$1,275
Apr 7, 2026
Listed for Rent
$1,275
RENT. #1
Feb 20, 2022
Price Changed
$1,175
Public Records
Jun 25, 2020
Sold
$53,500
Public Records
Jul 16, 1971
Sold
$13,875
Year
Property tax
Land + Additions
Assessment*
2025
$1,262 (+15.3%)
$4,850 + $19,100
$23,950
2024
$1,095 (+8.1%)
$4,850 + $19,100
$23,950
2023
$1,013
$3,425 + $13,200
$16,625
2022
$1,013 (−1.2%)
$3,425 + $13,200
$16,625
2021
$1,025 (+11.3%)
$3,425 + $13,200
$16,625
2020
$920
$3,425 + $13,200
$16,625
2019
$920
$2,025 + $10,675
$12,700
2018
$920 (+76.3%)
$2,025 + $10,675
$12,700
2017
$522 (−12.1%)
$2,025 + $10,675
$12,700
2016
$594
$2,025 + $10,675
$12,700
2014
$594
$2,075 + $11,525
$13,600
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
58 ft.
Lot depth
114 ft.
Lot size
6,118 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,051
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,051
Year built
1950
Style
Single Family Residential
County
Shelby County
APN
058066 00007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 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
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
18% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38111
Average low and high temperatures (°F)
46
30
57
37
71
50
77
58
78
63
88
72
92
77
90
72
87
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3723 Wilshire Ave
$127,912
$1,989 under list price of $130K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $101K to $160K.