NEW CONSTRUCTION
$27K PRICE DROP
1159 Forrest Ave Memphis, TN 38105
Crosstown NeighborhoodEstimated payment $2,302/month
Total Views
2,234
3
Beds
2.5
Baths
2,200-2,399
Sq Ft
$166
Price per Sq Ft
Highlights
- New Construction
- Deck
- Wood Flooring
- Landscaped Professionally
- Traditional Architecture
- Main Floor Primary Bedroom
About This Home
Stunning 2025 new construction in the Speedway Terrace Historic District! This modern masterpiece boasts an open floor plan with luxurious finishes throughout. Gleam under the glow of Calcutta gold quartz countertops, complemented by sleek stainless appliances in the gourmet kitchen. Durable yet stylish finished concrete flooring flows seamlessly, enhancing the contemporary vibe. Spacious living areas invite relaxation or entertaining, bathed in natural light. Retreat to generous bedrooms with high-end touches. Outside, enjoy a deck and firepit in the backyard, ideal for entertaining, plus an automatic gate for secure parking. Includes a 1-year builder’s warranty for peace of mind. Eligible for grants and down payment assistance, this home also includes an $8K credit from the seller toward buyer's closing costs! Incredible value just steps from the Concourse. Don’t miss this rare blend of modern luxury and timeless charm! Schedule your tour today. Owner/agent listing
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,018
Year Built
- Built in 2025 | New Construction
Lot Details
- Lot Dimensions are 45x150
- Wood Fence
- Landscaped Professionally
- Level Lot
Home Design
- Traditional Architecture
- Bungalow
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 2,200-2,399 Sq Ft Home
- 2,259 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- Some Wood Windows
- Window Treatments
- Living Room with Fireplace
- Dining Room
- Home Office
- Laundry Room
Kitchen
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Concrete
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Primary Bedroom on Main
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Dual Vanity Sinks in Primary Bathroom
- Bathtub With Separate Shower Stall
Home Security
- Monitored
- Security Gate
- Fire and Smoke Detector
- Termite Clearance
Parking
- 1 Parking Space
- Driveway
Outdoor Features
- Deck
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Heat Pump System
- Electric Water Heater
Community Details
- Speedway Terrace Blk F Subdivision
Listing and Financial Details
- Assessor Parcel Number 020098 00011
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,018 | $30,025 | $4,600 | $25,425 |
| 2023 | $1,829 | $30,025 | $4,600 | $25,425 |
| 2022 | $1,829 | $30,025 | $4,600 | $25,425 |
| 2021 | $1,850 | $30,025 | $4,600 | $25,425 |
| 2020 | $1,321 | $18,225 | $4,600 | $13,625 |
| 2019 | $1,321 | $18,225 | $4,600 | $13,625 |
| 2018 | $1,321 | $18,225 | $4,600 | $13,625 |
| 2017 | $749 | $18,225 | $4,600 | $13,625 |
| 2016 | $976 | $22,325 | $0 | $0 |
| 2014 | $976 | $22,325 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Price Changed | $398,000 | -0.3% | $181 / Sq Ft |
| 04/16/2025 04/16/25 | Price Changed | $399,000 | -2.4% | $181 / Sq Ft |
| 04/01/2025 04/01/25 | Price Changed | $409,000 | -3.8% | $186 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $425,000 | +3.9% | $193 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $409,000 | -3.8% | $186 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $425,000 | +750.0% | $193 / Sq Ft |
| 06/29/2023 06/29/23 | Sold | $50,000 | -50.0% | $31 / Sq Ft |
| 05/31/2023 05/31/23 | Price Changed | $100,000 | +81.8% | $63 / Sq Ft |
| 05/26/2023 05/26/23 | Price Changed | $55,000 | -45.0% | $34 / Sq Ft |
| 05/22/2023 05/22/23 | Pending | -- | -- | -- |
| 05/09/2023 05/09/23 | Price Changed | $100,000 | -9.1% | $63 / Sq Ft |
| 04/26/2023 04/26/23 | Price Changed | $110,000 | -12.4% | $69 / Sq Ft |
| 03/30/2023 03/30/23 | Price Changed | $125,500 | -13.7% | $78 / Sq Ft |
| 03/15/2023 03/15/23 | For Sale | $145,500 | 0.0% | $91 / Sq Ft |
| 03/09/2023 03/09/23 | Pending | -- | -- | -- |
| 02/23/2023 02/23/23 | Price Changed | $145,500 | -16.9% | $91 / Sq Ft |
| 02/01/2023 02/01/23 | For Sale | $175,000 | -- | $109 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $65,000 | Southern Trust Title | |
| Warranty Deed | $50,000 | Southern Trust Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $308,000 | Construction | |
| Previous Owner | $50,000 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in Memphis, TN
Source: Memphis Area Association of REALTORS®
MLS Number: 10191433
APN: 02-0098-0-0011
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