NOT LISTED FOR SALE

Estimated Value: $20,251

0.12 Acre
$168,758 Price per Acre
5,227 Sq Ft Lot

Last Sold March 13, 2025

Last sale price $5,500 $5 Per Sq Ft

Est. 268% increase in value since last sale

Current estimated payment $126/month

8 Days on Market

About This Lot

As of March 2025

Prime vacant lot near downtown Memphis, suitable for a new single-family home or investment property. Zoned MDR, this level lot has utilities nearby and offers easy access to highways, schools, and local attractions. Located in a growing neighborhood with strong rental demand, it’s an excellent opportunity to build and invest.

Last Agent to Sell the Property

Jonathan Minerick

homecoin.com License #357494 Listed on: 02/27/2025

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Property Details

Property Type

  • Land

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Level Lot
  • Property is zoned MDR

Community Details

  • Ns Cedar Subdivision

Listing and Financial Details

  • Assessor Parcel Number 022020 00014

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • MAAR Subdivision Name: CEDAR ST
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Lot Info

  • Lot Number: W PT 22
  • Acreage: 0.12
  • Lot Size: 40X140
  • Zoning: MDR
  • Lots Available: 1 Only
  • Present Usage: None/Vacant
  • Shape: Regular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Single Family
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 022020 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Mar 11, 2025
Sold by
River City Builders Llc
Bought by
Mdm Investments Of Memphis Llc
Seller's Agent
Jonathan Minerick
homecoin.com
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$16,500
Sold Price
$5,500
Premium/Discount to List
-$11,000
-66.67%
Views
1
Current Estimated Value
$20,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,751
Avg. Annual Appreciation
390.17%

Purchase Details

Listed on
Feb 27, 2025
Closed on
Mar 7, 2025
Sold by
River City Builders Llc
Bought by
Memphis Mane Construction Llc
Seller's Agent
Jonathan Minerick
homecoin.com
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$16,500
Sold Price
$5,500
Premium/Discount to List
-$11,000
-66.67%
Views
1

Purchase Details

Closed on
Oct 29, 2024
Sold by
County Of Shelby
Bought by
River City Builders

Purchase Details

Closed on
Feb 1, 1995
Bought by
Smith John H and Smith J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mdm Investments Of Memphis Llc -- Baymark Title
Memphis Mane Construction Llc -- Baymark Title
River City Builders $5,530 None Listed On Document
Smith John H $5,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2025 03/13/25 Sold $5,500 -15.4% $5 / Sq Ft
03/04/2025 03/04/25 Price Changed $6,500 -60.6% $6 / Sq Ft
02/27/2025 02/27/25 For Sale $16,500 -- $16 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

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 -- $1,700 $1,700 --
2024 -- -- -- --
2023 $35 $575 $575 $0
2022 $35 $575 $575 $0
2021 $35 $575 $575 $0
2020 $42 $575 $575 $0
2019 $42 $575 $575 $0
2018 $42 $575 $575 $0
2017 $125 $3,050 $575 $2,475
2016 $141 $3,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10190867

Memphis Area Association of REALTORS®

APN: 02-2020-0-0014