157 Cedar Ave Memphis, TN 38107
North Memphis NeighborhoodEstimated payment $630/month
Highlights
- Traditional Architecture
- Central Heating and Cooling System
- Level Lot
- Separate Formal Living Room
- Dining Room
- 3-minute walk to Booker T. Washington Park
About This Home
Great investment opportunity in Memphis! 157 Cedar Ave is a solid 3-bedroom, 2-bath home that is currently being used as a short-term rental. The property sits on a quiet street and offers a functional layout, a spacious lot, and strong rental potential. All furniture can be included at no additional cost if the buyer chooses to keep it, making this a flexible and turnkey investment option. Whether you're looking to expand your portfolio or begin your real estate investing journey, this home is a smart buy. Don’t miss your chance to unlock the value in this affordable, income-generating property. This could be your next big opportunity—or your new home!
Home Details
Home Type
- Single Family
Year Built
- Built in 2004
Lot Details
- Level Lot
Home Design
- Traditional Architecture
Interior Spaces
- 1,000-1,199 Sq Ft Home
- 1,199 Sq Ft Home
- 1-Story Property
- Separate Formal Living Room
- Dining Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
Community Details
- Cedar St S/D Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-2021-0-0004
Map
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 |
|---|---|---|---|---|
| 2025 | $424 | $31,325 | $1,625 | $29,700 |
| 2024 | $424 | $12,500 | $550 | $11,950 |
| 2023 | $761 | $12,500 | $550 | $11,950 |
| 2022 | $761 | $12,500 | $550 | $11,950 |
| 2021 | $770 | $12,500 | $550 | $11,950 |
| 2020 | $716 | $9,875 | $550 | $9,325 |
| 2019 | $316 | $9,875 | $550 | $9,325 |
| 2018 | $316 | $9,875 | $550 | $9,325 |
| 2017 | $323 | $9,875 | $550 | $9,325 |
| 2016 | $440 | $10,075 | $0 | $0 |
| 2014 | $440 | $10,075 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/18/2025 12/18/25 | Price Changed | $115,000 | -11.5% | $115 / Sq Ft | |
| 07/27/2025 07/27/25 | For Sale | $130,000 | +13.0% | $130 / Sq Ft | |
| 08/01/2022 08/01/22 | Sold | $115,000 | -6.5% | $115 / Sq Ft | View Prior Sale |
| 06/24/2022 06/24/22 | Pending | -- | -- | -- | |
| 05/29/2022 05/29/22 | For Sale | $123,000 | +251.4% | $123 / Sq Ft | |
| 05/18/2017 05/18/17 | Sold | $35,000 | -22.2% | $35 / Sq Ft | View Prior Sale |
| 05/08/2017 05/08/17 | Pending | -- | -- | -- | |
| 02/12/2014 02/12/14 | For Sale | $45,000 | -- | $45 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $115,000 | Home Surety Title & Escrow | |
| Warranty Deed | $35,000 | Realty Title | |
| Warranty Deed | $1,189,189 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $2,025 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,400 | Purchase Money Mortgage |
Source: Memphis Area Association of REALTORS®
MLS Number: 10202184
APN: 02-2021-0-0004
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