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For sale
    • Price cut: $700 (8/24)
    $119,750

    3878 Windermere Rd, Memphis, TN 38128

    3beds
    1,089sqft
    : 
    $841/mo
    Get pre-qualified
    Single Family Residence
    Built in 1981
    0.25 Acres Lot
    $115,700 Zestimate®
    $110/sqft
    $-- HOA

    What's special

    Recent exterior updatesFunctional layoutLarge corner lot
    Ideal for investors seeking reliable rental income in a high-demand North Memphis corridor. We are NOT 3872 Windermere Rd, can be shown without an accepted offer. Cash-flowing 3-bed, 2-bath investment property in Raleigh, currently rented at $1225.00/month. Recent exterior updates to make this home ready for its next owner. Features a functional layout and large corner lot. Located in a strong workforce rental area near Nike and Amazon fulfillment centers, with easy I-40 access to Downtown Memphis. Nearby amenities include shopping and groceries along Austin Peay Hwy, Harry C. Pierotti Park, Raleigh Spring Rented for $1150/mo, this cash-flowing investment property is ready for a new owner. With 3 beds, 2 full baths and a large corner lot, this home has it all.
    55 days
    |
    98
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua P Cooper,

    Sowell, Realtors 901-278-4380

    Source: MAAR,MLS#: 10225203MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Living room
      • Features: Separate Living Room
      Heating
      • Central, Natural Gas
      Cooling
      • Ceiling Fan(s), Central Air
      Features
      • All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
      • Flooring: Wood Laminate Floors
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,089 sqft

      Property

      Parking
      • Parking features: Driveway/Pad
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 0.25 Acres
      • Dimensions: 101 x 112
      • Features: Corner Lot
      Details
      • Parcel number: 090071 00001

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Stone, Wood/Composition
      Condition
      • New construction: No
      • Year built: 1981

      Community & HOA

      Community
      • Security: Wrought Iron Security Drs
      • Subdivision: Timberlake Sec B
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $110/sqft
      • Tax assessed value: $84,700
      • Annual tax amount: $1,116
      • Price range: $119.8K - $119.8K
      • Date on market: 7/2/2026
      • Cumulative days on market: 55 days

        Estimated market value

        $115,700

        $110,000 - $121,000

        $1,168/mo

        Price history

        DateEventPrice
        8/24/2026Price change$119,750-0.6%$110/sqft
        Source: MAAR #10225203 Report a problem
        7/27/2026Price change$120,450-0.5%$111/sqft
        Source: MAAR #10225203 Report a problem
        7/2/2026Price change$121,000-3.2%$111/sqft
        Source: MAAR #10225203 Report a problem
        6/10/2025Listing removed$1,150$1/sqft
        Source: Zillow Rentals Report a problem
        5/13/2025Price change$1,150-4.2%$1/sqft
        Source: Zillow Rentals Report a problem
        4/16/2025Price change$1,200+4.3%$1/sqft
        Source: Zillow Rentals Report a problem
        4/1/2025Listed for rent$1,150+9.5%$1/sqft
        Source: Zillow Rentals Report a problem
        11/23/2024Listing removed$1,050$1/sqft
        Source: Zillow Rentals Report a problem
        6/25/2024Listed for rent$1,050$1/sqft
        Source: Zillow Rentals Report a problem
        11/29/2023Listing removed--
        Source: Zillow Rentals Report a problem
        11/18/2023Price change$1,050-4.5%$1/sqft
        Source: Zillow Rentals Report a problem
        10/20/2023Price change$1,100+10.6%$1/sqft
        Source: Zillow Rentals Report a problem
        7/26/2023Price change$995-11.6%$1/sqft
        Source: Zillow Rentals Report a problem
        7/8/2023Price change$1,125-4.3%$1/sqft
        Source: Zillow Rentals Report a problem
        6/28/2023Price change$1,175-4.1%$1/sqft
        Source: Zillow Rentals Report a problem
        6/1/2023Listed for rent$1,225$1/sqft
        Source: Zillow Rentals Report a problem
        3/17/2022Listed for sale$125,000+8.7%$115/sqft
        Source: MAAR #10119723 Report a problem
        12/30/2021Sold$115,000+43.8%$106/sqft
        Source: MAAR #10119723 Report a problem
        10/13/2021Sold$80,000$73/sqft
        Source: MAAR #10109096 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,116 +31.1%$21,175 +63.8%
        2024$851 +8.1%$12,925
        2023$787 $12,925
        2022-- $12,925
        2021-- $12,925 +10.2%
        2020$375 $11,725
        2019$375 -21.1%$11,725
        2018$475 -45.1%$11,725
        2017$865 +124.8%$11,725 +3.5%
        2016$385 -2.6%$11,325
        2014$395 $11,325
        2013-- $11,325 -8.7%
        2012-- $12,400
        2011-- $12,400
        2010-- $12,400
        2009-- $12,400 -12.7%
        2008-- $14,200
        2007-- $14,200
        2006-- $14,200
        2005-- $14,200 +14.7%
        2004-- $12,375
        2003-- $12,375
        2002-- $12,375
        2001-- $12,375 -10.2%
        2000-- $13,775
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Raleigh

        Getting around

        9 / 100
        Car-Dependent
        18 / 100
        Minimal Transit
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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