3 months on rocket

3514 Bishops Gate Dr, Memphis, TN, 38115

$125,000

Home List Price

$1,484*

Closing Credit

3 Bedrooms
2 Full Baths
Townhouse

Location

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3514 Bishops Gate Dr, Memphis$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingOther (See REMARKS)
Year Built1989
HeatingOther
CoolingOther
WaterfrontOther
MLS #10178113
Lot Size0.07 Acres
StatusActive

About 3514 Bishops Gate Dr

Fantastic investment opportunity in the Shelby area. This 3br/2 bath single-family home is in the 38115 area. Cash flowing with a monthly rental amount of $995/month. The lease ends on 11/30/2024. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

Property Details

Property Features

Property Information:

  • Architectural Style: Other (See Remarks)
  • Year Built: 1989
  • Stories: 1

Listing Office:

  • Office Name: CrestCore Realty MphsBrokerage

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Other
  • Exterior: Other (See REMARKS)

Parking Information:

  • Parking: Other (See REMARKS)

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: East on Winchester from Mendenhall, Left on Bishops Gate.

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000

Tax Information:

  • Annual Amount: $1,524
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

Med. Sold Price

$190.4K

# of Sold Homes

409

3514 Bishops Gate Dr vs Memphis

105 DAYS ON ROCKET

$125,000

-$65.4K Less

KEY TAKEAWAY

This property is $65.4K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10178113

Listing Office:

  • Office Name: CrestCore Realty MphsBrokerage

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 09, 2012Home Sold
$25,400

Tax History

YEARPROP. TAXASSESSMENT
2021$1,524$21,050
2020$1,065$14,700
2019$1,065$14,700
2018$656$14,700
2017$642$15,950

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-166197
6
/10
  • Newberry Elementary School

  • 5540 Newberry Ave

  • 0.07 miles

  • Public District Grades PK-5

school-card-donut-166198
5
/10
  • Power Center Academy Elementary School

  • 3540 S Mendenhall Rd

  • 0.28 miles

  • Public Charter Grades KG-5

school-card-donut-166199
5
/10
  • Fox Meadows Elementary School

  • 2960 Emerald St

  • 1.06 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,960. Typical income of Memphis, TN residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3514 Bishops Gate Dr

What is the listing price of this property?

The listing price of 3514 Bishops Gate Dr property is $125,000.

What type of property is this?

The property 3514 Bishops Gate Dr is a townhouse located in Memphis, Tennessee, 38115.

Is this property for sale now?

Active Listing: 3514 Bishops Gate Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,524 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 9, 2012 for $25,400. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3514 Bishops Gate Dr has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 3514 Bishops Gate Dr is 1989.

Rocket Homes›Tennessee›Shelby County›Memphis›38115›3514 Bishops Gate Dr

This home is located at 3514 Bishops Gate Dr in Memphis, TN and zip code 38115 in the Southeast Memphis neighborhood. This home, which was built in 1989, sits on a 0.07 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 31, 2024 and is currently priced at $125,000.

While more than 53 listings in Memphis, TN in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 252 were sold below. The number of listings in Memphis, TN increased by 22.4% between September 2024 and October 2024.

From Rocket Homes Real Estate and based on county public records data.

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