1561 Preston St Memphis, TN 38106
South Memphis NeighborhoodEstimated payment $411/month
Total Views
11,152
3
Beds
1
Bath
974
Sq Ft
$72
Price per Sq Ft
Highlights
- Traditional Architecture
- Brick Veneer
- Central Heating and Cooling System
- Porch
- Tile Flooring
- Combination Dining and Living Room
About This Home
Here's a perfect opportunity to purchase a cash flowing property.Calling all investors! This income-producing 3-bedroom, 1-bath home is the perfect addition to your rental portfolio. Featuring strong cash flow potential, spacious living areas, and a functional floor plan, this property is already set up to generate consistent monthly income. Property is occupied by a tenant at $695 per mo. ***DO NOT DISTURB*** Drive by to make offers. No viewing without an Seller Accepted offer. Due Diligence performed during walkthrough once accepted. Cash offers must show a Valid Proof of Funds. Must present a Pre Approval for all Conventional Loans. ***Professional Property Management in Place*** Seller also Selling 572 Burlington Cir ~Sorry No Wholesalers, No Creative Financing and No Hard Money Loans~
Home Details
Home Type
- Single Family
Year Built
- Built in 1997
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 53x151
- Few Trees
Parking
- Driveway
Home Design
- Traditional Architecture
- Brick Veneer
- Composition Shingle Roof
Interior Spaces
- 974 Sq Ft Home
- 1-Story Property
- Combination Dining and Living Room
- Iron Doors
Flooring
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Additional Features
- Porch
- Central Heating and Cooling System
Community Details
- Central Land Co Blk 8 Subdivision
Listing and Financial Details
- Assessor Parcel Number 034013 00008
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $420 | $15,625 | $1,500 | $14,125 |
| 2024 | $253 | $7,450 | $750 | $6,700 |
| 2023 | $454 | $7,450 | $750 | $6,700 |
| 2022 | $454 | $7,450 | $750 | $6,700 |
| 2021 | $539 | $7,450 | $750 | $6,700 |
| 2020 | $554 | $7,650 | $750 | $6,900 |
| 2019 | $245 | $7,650 | $750 | $6,900 |
| 2018 | $245 | $7,650 | $750 | $6,900 |
| 2017 | $250 | $7,650 | $750 | $6,900 |
| 2016 | $367 | $8,400 | $0 | $0 |
| 2014 | $367 | $8,400 | $0 | $0 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/02/2026 07/02/26 | For Sale | $70,000 | 0.0% | $72 / Sq Ft | |
| 06/29/2026 06/29/26 | Pending | -- | -- | -- | |
| 06/19/2026 06/19/26 | Price Changed | $70,000 | -4.1% | $72 / Sq Ft | |
| 05/12/2026 05/12/26 | For Sale | $73,000 | +15.9% | $75 / Sq Ft | |
| 06/17/2024 06/17/24 | Sold | $63,000 | -5.3% | $630 / Sq Ft | View Prior Sale |
| 04/26/2024 04/26/24 | For Sale | $66,500 | +16.7% | $665 / Sq Ft | |
| 08/05/2022 08/05/22 | Sold | $57,000 | -4.8% | $59 / Sq Ft | View Prior Sale |
| 07/31/2022 07/31/22 | Pending | -- | -- | -- | |
| 07/14/2022 07/14/22 | Price Changed | $59,900 | -14.3% | $61 / Sq Ft | |
| 07/04/2022 07/04/22 | Price Changed | $69,900 | -6.7% | $72 / Sq Ft | |
| 06/08/2022 06/08/22 | Price Changed | $74,900 | -6.3% | $77 / Sq Ft | |
| 05/04/2022 05/04/22 | For Sale | $79,900 | -- | $82 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $63,000 | Erickson Title & Closing | |
| Warranty Deed | $57,000 | Erickson Title & Closing | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $19,000 | None Available | |
| Warranty Deed | $4,750 | None Available | |
| Trustee Deed | $23,385 | None Available | |
| Warranty Deed | $39,500 | Southern Escrow Title Compan |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,400 | New Conventional | |
| Previous Owner | $17,500 | New Conventional | |
| Previous Owner | $39,500 | Seller Take Back |
Source: Public Records
About the Listing Agent
I am quite diversified in Real Estate with 10 plus years. I work with Commercial Property, Buyer's Agent, Listing Agent, Short-Sale, Property Management and REO. Having the right real estate agent means having an agent who is committed to helping you buy or sell your home with the highest level of expertise in your local market. I'm a native Memphian and US Navy Veteran. This means also to help you in understanding each step of the buying or selling process. This commitment level has helped me
Tara's Other Listings
-
$105,000 $16K PRICE INCREASE
- 4 Beds
- 2.5 Baths
- 1,854 Sq Ft
- 3340 Kirby Trees Place
- Unit 18
- Memphis, TN
Source: Memphis Area Association of REALTORS®
MLS Number: 10221417
APN: 03-4013-0-0008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
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