RealtyBid - Details for Property - 2366 Ridgeway Rd, Memphis, TN 38119
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2366 Ridgeway Rd

Shelby County, Memphis, TN 38119
Property ID 720564

Details

  • 4 Bedrooms
  • 2 Full Baths
  • 1 Half Baths
  • 2440 Sq Ft
  • Built in 1970
  • FirePlace
  • 0.312 Acres Lot
  • Balmore Estates Subdivision

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 + 7.88%
ZIP + 8.74%
Metro + 9.37%

Property Insights

House Ranking: 2

89% of houses appreciate more than 7.44% in this ZIP Code

89% of houses are forecast to appreciate more than 7.88% in this ZIP Code

Historical Growth

  Last Year 10 Year
Property + 7.44% + 59.06%
ZIP + 0.92% +56.54%
Metro + 0.84% +44.82%

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
1,831 Sq Ft and less
Tier 2
1,831 - 2,371 Sq Ft
Tier 3
2,371 - 3,052 Sq Ft
Tier 4
3,052 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 + 11.70% + 9.33% +100.00%
Tier 2 + 10.90% + 9.13% +100.00%
Tier 3 + 10.50% + 9.02% +100.00%
Tier 4 + 10.05% + 8.91% +100.00%

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 1,598 3 2 9,779 Sq Ft 1975 $149,900
2366 RIDGEWAY RD MEMPHIS TN 38119 2,392 4 2.5 13,591 Sq Ft 1970
Difference Bigger More Bedrooms More Bathrooms Bigger Lot Older
Estimated Value using Flips $231,000


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
6166 QUINCE RD MEMPHIS TN 38119 0.2 miles 4 3 2,176 Sq Ft 16,030 Sq Ft 1965 12/20/2019 $160,681 5/13/2020 $185,000 $260,000
6048 FOX RIDGE DR MEMPHIS TN 38115 0.4 miles 4 2 1,907 Sq Ft 9,583 Sq Ft 1973 1/30/2020 $100,000 7/31/2020 $155,033 $181,000
2447 HAWKHURST ST MEMPHIS TN 38119 0.6 miles 4 2.5 2,454 Sq Ft 11,848 Sq Ft 1969 1/10/2020 $118,000 6/12/2020 $255,000 $226,000
4417 TROUT VALLEY DR MEMPHIS TN 38141 0.2 miles 3 2 1,292 Sq Ft 11,282 Sq Ft 1985 9/11/2020 $ 72,000 12/17/2020 $143,000 $139,000
2144 WOODFIELD PARK RD MEMPHIS TN 38134 0.4 miles 3 2 1,794 Sq Ft 8,538 Sq Ft 1979 8/17/2020 $110,000 11/17/2020 $160,000 $164,000
4305 HARVEST HILL RD MEMPHIS TN 38141 0.5 miles 4 2 1,845 Sq Ft 8,364 Sq Ft 1977 12/20/2019 $ 86,000 3/13/2020 $149,900 $157,000
3063 RIDGEWAY RD MEMPHIS TN 38115 0.1 miles 3 2 1,625 Sq Ft 9,975 Sq Ft 1976 4/15/2020 $113,500 6/25/2020 $160,000 $165,000
6252 GARDEN CV MEMPHIS TN 38134 0.4 miles 3 1 1,388 Sq Ft 7,492 Sq Ft 1970 11/19/2019 $ 60,000 2/5/2020 $134,900 $154,000
6110 HADDINGTON DR MEMPHIS TN 38119 0.1 miles 4 2 2,119 Sq Ft 12,807 Sq Ft 1972 11/18/2020 $172,500 1/20/2021 $240,000 $233,000
6306 SPEY CV MEMPHIS TN 38119 0.6 miles 5 3 2,053 Sq Ft 16,466 Sq Ft 1974 7/5/2019 $ 95,000 5/5/2020 $170,000 $243,000
6293 HAYFIELD LN W MEMPHIS TN 38141 0.6 miles 3 2 980 Sq Ft 7,841 Sq Ft 1996 1/17/2020 $ 61,000 4/21/2020 $135,900 $126,000
4132 BERRYBROOK RD MEMPHIS TN 38115 0.5 miles 3 2 1,228 Sq Ft 8,364 Sq Ft 1974 3/10/2020 $ 92,500 6/29/2020 $135,000 $136,000
6042 FOX RIDGE DR MEMPHIS TN 38115 0.4 miles 4 2.5 2,115 Sq Ft 9,583 Sq Ft 1974 3/13/2020 $109,700 10/19/2020 $170,000 $182,000
6157 LIVE OAK CV MEMPHIS TN 38115 0 miles 4 2 1,780 Sq Ft 9,104 Sq Ft 1974 9/8/2020 $107,000 11/12/2020 $165,000 $168,000
6159 NORTHAMPTON DR BARTLETT TN 38134 0.1 miles 3 2 1,227 Sq Ft 11,021 Sq Ft 1977 9/3/2019 $115,000 2/20/2020 $171,000 $173,000
4371 DEERGROVE RD MEMPHIS TN 38141 0.3 miles 3 2 1,484 Sq Ft 10,237 Sq Ft 1975 12/12/2019 $ 75,000 2/21/2020 $142,400 $148,000
6241 CHEEKWOOD AVE MEMPHIS TN 38134 0.4 miles 3 2 1,644 Sq Ft 8,973 Sq Ft 1966 2/26/2019 $ 71,500 2/3/2020 $ 95,000 $142,000
6241 CHEEKWOOD AVE MEMPHIS TN 38134 0.4 miles 3 2 1,644 Sq Ft 8,973 Sq Ft 1966 2/3/2020 $ 95,000 5/8/2020 $106,000 $142,000
6266 FRIENDSHIP CV MEMPHIS TN 38115 0.5 miles 4 2 2,109 Sq Ft 11,543 Sq Ft 1975 3/11/2020 $ 91,000 11/23/2020 $165,000 $188,000
6265 MIDSUMMER WAY MEMPHIS TN 38115 0.5 miles 3 2 1,496 Sq Ft 8,364 Sq Ft 1978 10/21/2019 $ 79,000 1/30/2020 $100,000 $160,000
2353 RIDGEWAY RD MEMPHIS TN 38119 0.1 miles 4 2 2,128 Sq Ft 11,456 Sq Ft 1971 10/3/2019 $120,000 5/27/2020 $215,000 $239,000
3333 RIDGELINE CV MEMPHIS TN 38115 0.4 miles 3 2 1,504 Sq Ft 11,805 Sq Ft 1974 8/20/2019 $ 62,000 11/4/2019 $139,900 $160,000
6060 PEBBLE BEACH AVE MEMPHIS TN 38115 0.3 miles 3 2 1,561 Sq Ft 9,322 Sq Ft 1974 10/18/2019 $ 67,000 9/21/2020 $125,000 $154,000
4313 STARTOUCH CV MEMPHIS TN 38141 0.1 miles 3 2 1,552 Sq Ft 11,543 Sq Ft 1976 7/30/2019 $ 72,000 10/16/2019 $124,900 $150,000
3001 RIDGEWAY RD MEMPHIS TN 38115 0.1 miles 3 2 1,831 Sq Ft 10,585 Sq Ft 1974 9/14/2020 $130,300 12/15/2020 $166,500 $160,000
2620 KENWOOD LN BARTLETT TN 38134 0.4 miles 4 2 2,221 Sq Ft 23,087 Sq Ft 1955 3/6/2020 $ 82,500 7/22/2020 $119,000 $248,000

This property is being sold at a public auction.

Trustee Sale Details

Auction date and time
Date Nov 09, 2021
Start Time 12:00 PM
Location

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)

Contact

Realtybid 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.