1616 Foster Ave Memphis, TN 38106
Southeast Memphis NeighborhoodEstimated payment $1,354/month
Highlights
- New Construction
- Wood Flooring
- Den
- Traditional Architecture
- Great Room
- Porch
About This Home
This new 3 bedroom, 2 full baths with a fireplace offers you the opportunity to have an open concept home. Fenced in backyard, wood flooring, granite counter-tops, a large master bedroom, large master closet and more. Stop by today and see why this home was made for you. Qualifies for the City of Memphis DPA program $25,000. Seller offering closing cost
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,339
Year Built
- Built in 2023 | New Construction
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50x146
- Level Lot
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,800-1,999 Sq Ft Home
- 1,802 Sq Ft Home
- 1-Story Property
- Smooth Ceilings
- Factory Built Fireplace
- Great Room
- Dining Room
- Den
- Breakfast Bar
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower
Laundry
- Laundry closet
- Washer and Dryer Hookup
Parking
- 2 Parking Spaces
- Driveway
Outdoor Features
- Patio
- Porch
Location
- Ground Level
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- Magnolia Terr Subdivision
Listing and Financial Details
- Assessor Parcel Number 031023 00027
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 | $1,339 | $66,950 | $7,000 | $59,950 |
| 2024 | $50 | $39,500 | $1,475 | $38,025 |
| 2023 | $90 | $1,475 | $1,475 | $0 |
| 2022 | $90 | $1,475 | $1,475 | $0 |
| 2021 | $107 | $0 | $0 | $0 |
| 2020 | $107 | $1,475 | $1,475 | $0 |
| 2019 | $47 | $1,475 | $1,475 | $0 |
| 2018 | $252 | $7,875 | $1,475 | $6,400 |
| 2017 | $258 | $7,875 | $1,475 | $6,400 |
| 2016 | $329 | $7,525 | $0 | $0 |
| 2014 | $329 | $7,525 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | Price Changed | $233,000 | -0.9% | $129 / Sq Ft |
| 08/13/2025 08/13/25 | Price Changed | $235,000 | -0.8% | $131 / Sq Ft |
| 08/07/2025 08/07/25 | Price Changed | $237,000 | -1.3% | $132 / Sq Ft |
| 08/01/2025 08/01/25 | Price Changed | $240,000 | -2.0% | $133 / Sq Ft |
| 07/26/2025 07/26/25 | Price Changed | $245,000 | -0.2% | $136 / Sq Ft |
| 07/22/2025 07/22/25 | Price Changed | $245,500 | -0.8% | $136 / Sq Ft |
| 07/22/2025 07/22/25 | Price Changed | $247,500 | -1.0% | $138 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $250,000 | +734.7% | $139 / Sq Ft |
| 05/12/2021 05/12/21 | Sold | $29,950 | 0.0% | $11 / Sq Ft |
| 05/06/2021 05/06/21 | Pending | -- | -- | -- |
| 05/06/2021 05/06/21 | For Sale | $29,950 | -- | $11 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $29,950 | Preferred Title & Escrow | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $4,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $181,917 | Construction | |
| Previous Owner | $5,399 | Unknown |
Source: Memphis Area Association of REALTORS®
MLS Number: 10199902
APN: 03-1023-0-0027
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