12 days on rocket

3725 Wax Myrtle Dr, Memphis, TN, 38115

$115,000

Home List Price

$1,366*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
Townhouse

Location

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3725 Wax Myrtle Dr, Memphis$115,000

Buyer Closing Credits

$1,366*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingDriveway/Pad
Year Built1985
HeatingCentral
CoolingCentral Air
MLS #10185618
Lot Size0.06 Acres
StatusActive

About 3725 Wax Myrtle Dr

Investor Opportunity – 3725 Wax Myrtle Dr., Memphis, TN This 2-bedroom, 1.1-bath condo is a fantastic addition to any investment portfolio, offering instant cash flow with a tenant already in place. Leased through 10/31/2025 at $975/month, this property provides steady income from day one. The well-maintained interior features a spacious living and dining area, a functional kitchen with ample cabinet space, and two generously sized bedrooms. A full bathroom upstairs and a convenient half-bath downstairs cater to tenant comfort. Outside, the private patio offers a relaxing outdoor space. Located in a desirable Memphis neighborhood near shopping, dining, and major highways, this property is perfect for investors looking to expand their portfolio with minimal hassle. Don’t miss this opportunity—schedule your viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1985
  • Stories: 2

Listing Office:

  • Office Name: Foundation Property Management

Interior Features

Interior Information:

  • Flooring Type: Part Carpet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Continue to Macon Rd 13 sec (69 ft) ? Take N Germantown Pkwy, Walnut Grove Rd, I-240 W and S Mendenhall Rd to Heather Ridge Dr 24 min (14.3 mi) ? Continue on Heather Ridge Dr. Drive to Wax Myrtle Dr 1 min (0.3 mi)

Price Information

Listing Price Info

Price Summary:

  • List Price: $115,000

Tax Information:

  • Annual Amount: $1,075
  • Tax Year: 2021
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Housing Market Comparison

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

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Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

3725 Wax Myrtle Dr vs Memphis

12 DAYS ON ROCKET

$115,000

-$68K Less

KEY TAKEAWAY

This property is $68K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10185618

Listing Office:

  • Office Name: Foundation Property Management

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: 12/4/2024, 3:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 07, 2021Home Sold
$50,000
Apr 22, 2002Home Sold
$35,500

Tax History

YEARPROP. TAXASSESSMENT
2021$1,075$14,850
2020$940$12,975
2019$940$12,975
2018$533$12,975
2017$546$12,975

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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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-3818866
6
/10

  • Newberry Elementary School

  • 5540 Newberry Ave

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-3818867
5
/10

  • Power Center Academy Elementary School

  • 3540 S Mendenhall Rd

  • 0.48 miles

  • Public Charter Grades KG-5

school-card-donut-3818868
7
/10

  • Hickory Ridge Elementary School

  • 3890 Hickory Hill Rd

  • 0.79 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,563. Most Memphis, TN residents have annual incomes between $35k-100k. The majority of families are single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Memphis, TN?

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

Is Memphis, TN a good place to live?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Are things conveniently located in Memphis, TN?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

What does the transportation in Memphis, TN look like?

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Frequently Asked Questions About 3725 Wax Myrtle Dr

What is the listing price of this property?

The listing price of 3725 Wax Myrtle Dr property is $115,000.

What type of property is this?

The property 3725 Wax Myrtle Dr is a townhouse located in Memphis, Tennessee, 38115.

Is this property for sale now?

Active Listing: 3725 Wax Myrtle 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 $1,075 (source: MLS/based on county public records data).

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

The last sale was on September 7, 2021 for $50,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3725 Wax Myrtle Dr has 2 bedrooms and 1 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 3725 Wax Myrtle Dr is 1985.

Rocket Homes›Tennessee›Shelby County›Memphis›38115›3725 Wax Myrtle Dr

This home is located at 3725 Wax Myrtle Dr in Memphis, TN and zip code 38115. This home, which was built in 1985, sits on a 0.06 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $115,000.

In November 2024, from all listings sold in Memphis, TN there were more than 45 sold above asking price, over 218 sold below and more than 98 were sold right at the asked price. Between October 2024 and November 2024, Memphis, TN real estate market has seen increase in the number of listings by 6.8%.

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

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