$39,900
$15K PRICE DROP

1427 S Willett St Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated payment $236/month

Total Views 11,818
2 Beds
2 Baths
1,200-1,399 Sq Ft
$29 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property

About This Home

Back on market after significant repairs and renovations done by the seller. The hardest part is out of the way and this home is just in need of your creative cosmetic finishes! This is a great investment opportunity just minutes away from Central Gardens in booming Midtown Memphis - structurally solid and brick all around, this rehab opportunity would be great for a quick flip or long term rental investment as rental rates continue to rise. Please do all inspections and due diligence before presenting an offer, leaving only contingency to be clean title. Call Broker Bay for showings and listing agent with any questions. Don’t miss out before it’s gone!

Listing Agent

Tyler Bowman

Weichert, REALTORS-BenchMark License #333215 Listed on: 01/27/2025

Weichert, REALTORS-BenchMark

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1926

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x120
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,244 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • South Parkway Willett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 048035 00006

Home Details

Home Type

Single Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 748A
  • MAAR Subdivision Name: SOUTH PARKWAY-WILLETT
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1244
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Display: N0

Lot Info

  • Lot Description: Level
  • Lot Number: 69
  • Acreage: 0.13
  • Lot Size: 50X120
  • Price Per Acre: 306923
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 048035 00006

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2025 -- $5,000 $2,720 $2,280
2024 -- $4,560 $1,360 $3,200
2023 $278 $4,560 $1,360 $3,200
2022 $0 $0 $0 $0
2021 $330 $4,560 $1,360 $3,200
2020 $293 $4,040 $1,360 $2,680
2019 $568 $17,760 $1,360 $16,400
2018 $568 $17,760 $1,360 $16,400
2017 $581 $17,760 $1,360 $16,400
2016 $960 $21,960 $0 $0
2014 $960 $21,960 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Price Changed $39,900 -11.1% $33 / Sq Ft
07/15/2025 07/15/25 Price Changed $44,900 -10.0% $37 / Sq Ft
04/24/2025 04/24/25 Price Changed $49,900 -9.1% $42 / Sq Ft
01/27/2025 01/27/25 For Sale $54,900 -- $46 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $30,110 --
Quit Claim Deed -- None Available
Quit Claim Deed $600 None Available
Quit Claim Deed $4,000 None Available
Interfamily Deed Transfer -- Mid South Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $28,871 Stand Alone Second
Previous Owner $35,355 Unknown
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10188862

Memphis Area Association of REALTORS®

APN: 04-8035-0-0006

Tennessee Shelby County Memphis 38106 Southeast Memphis

1427 S Willett St, Memphis, TN

This home is located at 1427 S Willett St, Memphis, TN 38106 and is currently priced at $39,900, approximately $28 per square foot. This property was built in 1926. 1427 S Willett St is a home located in Shelby County with nearby schools including Hamilton High School, Memphis Delta Preparatory Charter School, and Memphis College Preparatory.

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Tyler Bowman
Listing Agent
Tyler Bowman
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Weichert, REALTORS-BenchMark
(901) 673-8201