$22,500
$3K PRICE DROP

1557 Preston St Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $140/month

Total Views 4,481
3 Beds
1 Bath
1,200-1,399 Sq Ft
$16 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • 1 Fireplace

About This Home

Investor Special! Large home that is being offered at a great price. Property needs repairs but could be worth a lot of money once fixed up. Home has a nice floor plan, hardwood floors, fireplace, and huge kitchen. ONLINE VIDEO AVAILABLE UPON REQUEST. Please go view the house and then make your offer with no inspection or financing contingencies. Seller is not interested in owner financing, subject to, or creative financing offers...cash only. Immediate possession available. This could be a great long term rental or primary residence once rehabbed. Seller won't turn on utilities or make repairs.

Listing Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 06/27/2025

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $205

Year Built

  • Built in 1912

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 53x151
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,346 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Aluminum Window Frames

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Central Land Co Blk 8 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034013 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$205

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747B
  • MAAR Subdivision Name: CENTRAL LAND CO BLK 8
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1346
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1

Exterior Features

  • Exterior Windows: Aluminum/Steel Siding

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: N2

Lot Info

  • Lot Description: Level
  • Lot Number: 22 & PT
  • Acreage: 0.18
  • Lot Size: 53X151
  • Price Per Acre: 125000
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 034013 00007

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 $205 $9,175 $1,500 $7,675
2024 $205 $6,050 $750 $5,300
2023 $369 $6,050 $750 $5,300
2022 $364 $6,050 $750 $5,300
2021 $361 $6,050 $750 $5,300
2020 $361 $4,975 $750 $4,225
2019 $159 $4,975 $750 $4,225
2018 $159 $4,975 $750 $4,225
2017 $163 $4,975 $750 $4,225
2016 $226 $5,175 $0 $0
2014 $226 $5,175 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $22,500 -10.0% $19 / Sq Ft
06/27/2025 06/27/25 For Sale $25,000 -- $21 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $25,000 Wagon Wheel Title & Escrow
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Credit Line Revolving
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10200004

Memphis Area Association of REALTORS®

APN: 03-4013-0-0007

Tennessee Shelby County Memphis 38106 South Memphis

1557 Preston St, Memphis, TN

This home is located at 1557 Preston St, Memphis, TN 38106 and is currently priced at $22,500, approximately $16 per square foot. This property was built in 1912. 1557 Preston St is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes
Tyler Tapley
Listing Agent
Tyler Tapley
Section Image
Crye-Leike, Inc., REALTORS
(901) 657-5960