1587 Florida St Memphis, TN 38109
South Memphis NeighborhoodEstimated payment $166/month
About This Home
Value add opportunity! Rehab was started but not completed — materials are still on-site and ready for the next investor to pick up where things left off. The home has solid bones and a flexible layout featuring around 6 rooms, offering plenty of creative exit strategies whether you plan to flip, rent, or BRRRR. Has great potential once finished. Seller owns many properties and is open to discounts for creative package deals. Seller owns many properties and is open to discounts for creative package deals. Owner financing available. Please ask listing agent for details.
Home Details
Home Type
- Single Family
Year Built
- Built in 1940
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 37x150
Parking
- On-Street Parking
Interior Spaces
- 1,280 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Community Details
- D W Fields Subdivision
Listing and Financial Details
- Assessor Parcel Number 035079 00034
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 | $144 | $6,750 | $1,500 | $5,250 |
| 2024 | $144 | $4,250 | $750 | $3,500 |
| 2023 | $259 | $4,250 | $750 | $3,500 |
| 2022 | $259 | $4,250 | $750 | $3,500 |
| 2021 | $262 | $4,250 | $750 | $3,500 |
| 2020 | $232 | $3,200 | $750 | $2,450 |
| 2019 | $102 | $3,200 | $750 | $2,450 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $145 | $0 | $0 | $0 |
| 2014 | $145 | $3,325 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2025 11/04/25 | Price Changed | $29,400 | -1.7% | $23 / Sq Ft |
| 10/23/2025 10/23/25 | For Sale | $29,900 | -- | $23 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $4,201 | None Listed On Document | |
| Quit Claim Deed | $1,800 | None Available | |
| Warranty Deed | $6,500 | -- | |
| Trustee Deed | $42,955 | -- | |
| Warranty Deed | $27,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $44,800 | Purchase Money Mortgage | |
| Previous Owner | $29,000 | FHA |
Source: Memphis Area Association of REALTORS®
MLS Number: 10208325
APN: 03-5079-0-0034
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