RealtyBid - Details for Property - 3108 Cherry Rd, Memphis, TN 38118
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3108 Cherry Rd

Shelby County, Memphis, TN 38118
This auction has been postponed until 06/20/2023.
Property ID 739410
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Details

  • 3 Bedrooms
  • 1 Full Baths
  • 1 Half Baths
  • 1093 Sq Ft
  • Built in 1960
  • 8668 Sq Ft Lot

Notes and Disclaimers

  • PROPERTY MAY BE OCCUPIED

    Please note that it is unlawful to trespass on this property. Do not disturb tenant.

Contingencies/Terms Offered

PROPERTY MAY BE OCCUPIED. PLEASE NOTE THAT IT IS UNLAWFUL TO TRESPASS ON THIS PROPERTY. DO NOT DISTURB TENANT.

One-Year Forecast

Property + 0.31%
ZIP + 2.21%
Metro + 3.40%

Property Insights

House Ranking: 2

82% of houses depreciate more than 0.44% in this ZIP Code

82% of houses are forecast to appreciate more than 0.31% in this ZIP Code

Historical Growth

  Last Year 10 Year
Property - 0.44% + 87.26%
ZIP - 0.34% +95.53%
Metro + 0.39% +73.78%

Index Tools - Valuation Changes

Below is a line graph of the indexes for this property, its ZIP Code area, and its Metropolitan Statistical Area (MSA). The graph tracks the movement of the property's value, values in the property's ZIP Code area, and values in the property's MSA over time due to market conditions.

Note: The property index does NOT represent the value of the subject home but instead represents the relative value of the home compared to other points in time.

 
Property Changes
 
ZIP Code Changes
 
Metro Changes

View Market Changes By House Using Dynamic Heat Maps

Our heat maps illustrate historic and predicted value trends in the property's ZIP Code area and metro area. Heat maps reveal and forewarn of trends in markets, often showing waves of value changes moving across a geographic area. Each dot represents a home, and its color indicates whether the home is appreciating or depreciating at the time indicated on the map, with green indicating appreciation and red indicating depreciation.

Click the Play button to watch trends unfold over time and into the future.

ZIP Code Area

Metro Area

ValPro - Property Value and Comps

Use interactive ValPro to create your own comps to:
  • understand value of your property and comp properties
  • select and save multiple comps
  • see features that improve or lower value
  • map distance to your property
  • pull maps at street, neighborhood and satellite levels
  • compare Similarity Scores

Properties in color below indicate comps selected.
- Click on a black circle below to add it as a selected comp.
- Click on a colored circle below to remove it as a selected comp.

The confidence score listed below will range between 50 and 100. This calculation is based on how similar the selected comps are to the subject property. The higher the score, the higher the confidence in the estimated valuation.

ZIP Market Segments Analysis

The homes within this ZIP Code have been sorted into four tiers based on the attribute displayed on the selected tab. For example, if the Value tab is selected, the homes are sorted into a low-end tier, a mid-low-end tier, a mid-high-end tier, and a high-end tier. Each tier features a quarter of the homes located within the ZIP Code.



Tier 1
1,164 Sq Ft and less
Tier 2
1,164 - 1,371 Sq Ft
Tier 3
1,371 - 1,602 Sq Ft
Tier 4
1,602 Sq Ft and greater


Tier Comparison By Value Tier

The bar chart below compares the average percentage change in value over the last year and the average forecast percentage change in value for the coming year for the four different comparison tiers.

 
 
Last Year Change
 
Forecast
 

Last Year 1-Year Forecast % Rising
Tier 1 + 5.01% + 2.20% + 0.00%
Tier 2 + 5.31% + 2.41% + 0.00%
Tier 3 + 5.14% + 2.29% + 0.00%
Tier 4 + 4.83% + 2.09% + 0.00%

Percentage Of Homes Rising By Value Tier

The below pie charts compare the percentage of Homes Rising (defined as the percent of homes with value appreciating at a rate faster than 1.5% per year during the most recent month) within the four different tiers of homes.

Fix and Flip

Estimated Value Analysis Using Comparable Flipped Properties

This tool estimates the post-repair value for the subject property based on an analysis of properties with similar characteristics that have been recently been bought, repaired and re-sold.

Square Footage Bedrooms Bathrooms Lot Size Year Built After Repair Value
Median of Fixed & Sold Comps 1,294 3 1 8,507 Sq Ft 1954 $163,000
3108 CHERRY RD MEMPHIS TN 38118 1,093 3 1.5 8,700 Sq Ft 1960
Difference Smaller Same amount of Bedrooms More Bathrooms Bigger Lot Newer
Estimated Value using Flips $134,000

Comparables

Comps Used Distance Bedrooms Baths Square Footage Lot Size Year Built First Sale Date First Sale Value Second Sale Date Second Sale Value Valuation
4493 QUINCE RD MEMPHIS TN 38117 0.6 miles 3 2 1,674 Sq Ft 8,400 Sq Ft 1952 6/2/2022 $185,000 11/3/2022 $222,500 $223,000
4494 DUNN AVE MEMPHIS TN 38117 0.6 miles 3 1 1,584 Sq Ft 8,432 Sq Ft 1955 4/21/2021 $134,700 12/28/2021 $147,100 $231,000
4484 HELENE RD MEMPHIS TN 38117 0.6 miles 4 2 1,546 Sq Ft 8,400 Sq Ft 1953 6/14/2022 $126,000 12/9/2022 $195,000 $199,000
4485 BOYCE RD MEMPHIS TN 38117 0.6 miles 4 2 1,266 Sq Ft 8,400 Sq Ft 1957 4/16/2021 $152,000 7/7/2021 $185,000 $211,000
4495 HELENE RD MEMPHIS TN 38117 0.6 miles 4 2 1,417 Sq Ft 8,520 Sq Ft 1953 10/14/2022 $120,000 10/20/2022 $139,000 $196,000
1069 TATUM RD MEMPHIS TN 38122 0.6 miles 3 1 1,800 Sq Ft 12,580 Sq Ft 1950 4/26/2022 $128,000 5/2/2022 $199,900 $184,000
4481 KIMBALL AVE MEMPHIS TN 38117 0.5 miles 3 2 1,426 Sq Ft 8,100 Sq Ft 1954 8/30/2022 $116,750 12/1/2022 $266,000 $195,000
1750 DANVILLE RD MEMPHIS TN 38117 0.5 miles 2 1 1,009 Sq Ft 7,583 Sq Ft 1956 2/11/2022 $125,000 5/26/2022 $187,000 $175,000
4482 E MALLORY AVE MEMPHIS TN 38117 0.5 miles 3 2 1,001 Sq Ft 9,972 Sq Ft 1956 9/10/2020 $147,000 7/19/2021 $200,000 $225,000
1276 PALLWOOD RD MEMPHIS TN 38122 0.5 miles 3 1 989 Sq Ft 9,018 Sq Ft 1953 1/25/2022 $ 65,000 5/19/2022 $127,000 $133,000
1271 WEDGEWOOD ST MEMPHIS TN 38111 0.5 miles 3 2 1,351 Sq Ft 7,200 Sq Ft 1954 2/3/2022 $114,000 2/22/2022 $347,319 $133,000
3124 S GOODLETT ST MEMPHIS TN 38118 0.4 miles 2 1 864 Sq Ft 8,874 Sq Ft 1959 8/4/2021 $ 53,000 10/4/2021 $110,000 $ 86,000
1773 DEARING RD MEMPHIS TN 38117 0.4 miles 3 2 1,000 Sq Ft 7,800 Sq Ft 1955 3/2/2021 $121,000 6/23/2021 $175,000 $166,000
1220 RUSSWOOD RD MEMPHIS TN 38122 0.4 miles 2 1 928 Sq Ft 9,656 Sq Ft 1953 7/29/2021 $ 48,000 3/4/2022 $140,500 $123,000
1180 RUSSWOOD RD MEMPHIS TN 38122 0.4 miles 2 1 856 Sq Ft 10,420 Sq Ft 1951 9/14/2021 $ 60,000 4/19/2022 $149,900 $105,000
4223 VANN AVE MEMPHIS TN 38111 0.4 miles 2 1 1,212 Sq Ft 7,847 Sq Ft 1952 3/29/2021 $ 15,000 12/15/2021 $117,500 $149,000
4436 LEATHERWOOD RD MEMPHIS TN 38117 0.4 miles 3 1 1,028 Sq Ft 6,900 Sq Ft 1952 2/16/2022 $ 95,234 10/11/2022 $159,000 $181,000
1760 S GOODLETT ST MEMPHIS TN 38111 0.3 miles 3 2 1,335 Sq Ft 7,020 Sq Ft 1958 7/15/2021 $ 62,000 12/14/2021 $134,900 $183,000
2981 CAPRI RD MEMPHIS TN 38118 0.3 miles 4 1 1,964 Sq Ft 8,060 Sq Ft 1964 6/8/2022 $109,900 11/4/2022 $175,000 $175,000
4403 LEATHERWOOD RD MEMPHIS TN 38117 0.3 miles 3 1 1,043 Sq Ft 8,760 Sq Ft 1952 8/11/2021 $ 91,010 2/18/2022 $173,000 $171,000
4266 WOODCREST DR MEMPHIS TN 38111 0.3 miles 4 2 1,440 Sq Ft 17,500 Sq Ft 1955 1/4/2021 $190,000 8/9/2021 $311,219 $280,000
4366 MACON RD MEMPHIS TN 38122 0.3 miles 3 1 1,299 Sq Ft 9,475 Sq Ft 1952 10/19/2022 $ 82,500 12/15/2022 $120,000 $137,000
1463 MERRYCREST DR MEMPHIS TN 38111 0.3 miles 3 1 936 Sq Ft 8,800 Sq Ft 1955 4/8/2021 $ 78,000 6/21/2021 $130,000 $ 88,000
4210 TUTWILER AVE MEMPHIS TN 38122 0.3 miles 4 1 1,422 Sq Ft 8,400 Sq Ft 1955 2/4/2021 $ 80,000 6/11/2021 $161,000 $154,000
1518 FLAMINGO RD MEMPHIS TN 38117 0.3 miles 2 1 965 Sq Ft 8,494 Sq Ft 1953 4/28/2021 $105,000 9/7/2021 $175,000 $184,000
4242 BOYCE AVE MEMPHIS TN 38111 0.3 miles 3 1 888 Sq Ft 7,500 Sq Ft 1954 3/15/2022 $127,500 4/6/2022 $160,000 $ 86,000
4242 BOYCE AVE MEMPHIS TN 38111 0.3 miles 3 1 888 Sq Ft 7,500 Sq Ft 1954 1/25/2022 $ 84,000 3/15/2022 $127,500 $ 86,000
871 SUMTER CV MEMPHIS TN 38122 0.3 miles 3 2 1,728 Sq Ft 8,701 Sq Ft 1955 10/14/2021 $135,000 3/16/2022 $215,000 $172,000
4310 ALOHA AVE MEMPHIS TN 38118 0.2 miles 3 1 1,266 Sq Ft 8,737 Sq Ft 1959 2/15/2022 $100,833 8/3/2022 $147,300 $120,000
3000 DANVILLE RD MEMPHIS TN 38118 0.2 miles 3 1 1,664 Sq Ft 8,060 Sq Ft 1963 6/2/2022 $ 89,000 10/12/2022 $178,000 $130,000
4398 WILLOW RD MEMPHIS TN 38117 0.2 miles 2 3 1,558 Sq Ft 9,800 Sq Ft 1950 5/25/2021 $ 75,000 9/23/2021 $185,000 $229,000
4280 FREDERICKS AVE MEMPHIS TN 38111 0.2 miles 3 2 1,693 Sq Ft 6,720 Sq Ft 1954 9/8/2022 $115,000 11/1/2022 $192,390 $154,000
4277 RHODES AVE MEMPHIS TN 38111 0.2 miles 2 2 1,436 Sq Ft 9,128 Sq Ft 1954 8/31/2021 $120,000 1/14/2022 $205,000 $245,000
4267 DUNN RD MEMPHIS TN 38111 0.2 miles 2 2 1,398 Sq Ft 8,580 Sq Ft 1951 5/4/2021 $ 80,000 8/16/2021 $165,000 $121,000
3002 DEARING RD MEMPHIS TN 38118 0.1 miles 2 1 1,047 Sq Ft 8,160 Sq Ft 1960 3/8/2022 $ 40,000 7/26/2022 $135,000 $ 99,000
815 ESTRIDGE DR MEMPHIS TN 38122 0.1 miles 2 2 1,404 Sq Ft 15,564 Sq Ft 1951 1/5/2022 $105,000 3/1/2022 $145,000 $153,000
1246 HOLLIDAY ST MEMPHIS TN 38122 0.1 miles 3 1 962 Sq Ft 8,039 Sq Ft 1954 8/25/2022 $ 90,000 10/26/2022 $130,200 $114,000
4305 JUDY CV MEMPHIS TN 38111 0.1 miles 4 3 1,908 Sq Ft 10,784 Sq Ft 1954 7/8/2021 $ 75,000 9/28/2021 $124,500 $190,000
573 WARING RD MEMPHIS TN 38122 0.1 miles 3 1 894 Sq Ft 11,000 Sq Ft 1950 3/22/2022 $ 60,000 3/30/2022 $120,000 $118,000
826 ESTRIDGE DR MEMPHIS TN 38122 0.1 miles 3 2 1,391 Sq Ft 13,610 Sq Ft 1950 11/4/2021 $ 82,000 1/20/2022 $210,000 $196,000
3089 CHERRY RD MEMPHIS TN 38118 0.1 miles 2 1 951 Sq Ft 8,580 Sq Ft 1959 3/1/2022 $ 70,000 9/9/2022 $139,900 $ 92,000
1740 MAXINE ST MEMPHIS TN 38111 0.1 miles 3 1 958 Sq Ft 6,912 Sq Ft 1956 11/30/2021 $ 82,000 4/29/2022 $159,900 $132,000
4346 FIZER AVE MEMPHIS TN 38111 0.1 miles 3 2 1,857 Sq Ft 10,966 Sq Ft 1956 1/13/2021 $ 76,000 6/30/2021 $193,650 $153,000
4322 GAILWOOD AVE MEMPHIS TN 38122 0.1 miles 3 2 1,577 Sq Ft 7,345 Sq Ft 1955 12/7/2020 $ 60,000 7/22/2021 $151,000 $189,000
4369 JAMAICA AVE MEMPHIS TN 38117 0.1 miles 3 2 1,615 Sq Ft 10,042 Sq Ft 1960 7/12/2021 $107,000 11/8/2021 $185,000 $223,000
1240 HOLLIDAY ST MEMPHIS TN 38122 0.1 miles 3 1 984 Sq Ft 7,425 Sq Ft 1954 5/31/2022 $107,000 11/17/2022 $168,000 $125,000
1867 LAUSANNE ST MEMPHIS TN 38117 0 miles 3 2 1,486 Sq Ft 8,591 Sq Ft 1960 11/29/2021 $100,000 2/15/2022 $168,900 $204,000
1096 WARING RD MEMPHIS TN 38122 0 miles 3 1 1,129 Sq Ft 8,360 Sq Ft 1950 4/3/2022 $115,000 7/6/2022 $130,850 $131,000
4327 LEATHERWOOD AVE MEMPHIS TN 38111 0 miles 3 2 1,288 Sq Ft 9,414 Sq Ft 1952 9/17/2020 $ 53,250 7/12/2021 $175,000 $166,000

This property is being sold at a public auction.

Trustee Sale Details

Auction date and time
Date Jun 20, 2023
Start Time 12:00 PM
Location
At the Shelby County Courthouse, 140 Adams Avenue, Memphis, TN

Bidding Instructions

All bidders must show proof of identity as well as proof of authority to purchase on behalf of a legal entity.
100% of funds due at time of sale in the form of a Cashier's checks made payable to the Bidder as a natural person (Not as a Legal Entity)

Property Disclosures

Contact

Customer Service *Contact Customer Service (877) 518-5700

Foreclosing Attorney

*Wilson & Associates, PLLC 501-219-9388
Important: All data on this page and other property pages is provided for informational purposes only. It is each potential buyer’s responsibility to perform their own due diligence prior to placing a bid on a property.