Seller's Agent in 2025
James Wachob
Foundation Property Management
(901) 633-1484
85 in this area
650 Total Sales
1941 Corning Ave Memphis, TN 38127
Frayser Neighborhood
3
Beds
1
Bath
800-999
Sq Ft
7,405
Sq Ft Lot
Highlights
- Traditional Architecture
- Double Pane Windows
- Central Heating and Cooling System
- Porch
- Luxury Vinyl Tile Flooring
- Dining Room
About This Home
As of September 2025Welcome to 1941 Corning Ave, Memphis, TN 38127 – an Investor’s Dream! This charming 3-bedroom, 1-bath home offers an excellent opportunity to add a turn-key rental or value-add flip to your portfolio. Located in a quiet, established neighborhood, this property features a spacious living room filled with natural light, a functional kitchen with ample cabinet space and modern appliances, and three generously sized bedrooms. The full bathroom is centrally located for tenant convenience. Enjoy a large, fenced-in backyard ideal for outdoor living, plus a private driveway for off-street parking. With strong rental demand in the 38127 area, this is a solid investment you won’t want to miss! TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Currently leased at $1021/month through 7/7/2026.
Last Agent to Sell the Property
Foundation Property Management License #294924 Listed on: 07/07/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1960
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 65x125
- Level Lot
Parking
- 3 Parking Spaces
Home Design
- Traditional Architecture
Interior Spaces
- 800-999 Sq Ft Home
- 962 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Dining Room
- Luxury Vinyl Tile Flooring
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Additional Features
- Porch
- Central Heating and Cooling System
Community Details
- Frayser Grove First Addn Subdivision
Listing and Financial Details
- Assessor Parcel Number 072002 00006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2025
Closed on
Sep 19, 2025
Sold by
Adansonia Group Llc
Bought by
Hoover Anne Marie
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
Marix Hughes
eXp Realty, LLC
List Price
$118,000
Sold Price
$103,530
Premium/Discount to List
-$14,470
-12.26%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,912
Avg. Annual Appreciation
5.37%
Original Mortgage
$82,824
Outstanding Balance
$82,824
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
$22,618
Purchase Details
Closed on
Jun 23, 2020
Sold by
Volunteer Buyers Gp
Bought by
Sundstrom Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 13, 2020
Sold by
Freeman Mandi Rose
Bought by
Volunteer Buyers Gp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.2%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $103,530 | On Point Title | |
| Warranty Deed | $72,000 | None Available | |
| Warranty Deed | $26,000 | Delta Title Services Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $82,824 | Credit Line Revolving | |
| Previous Owner | $57,600 | New Conventional | |
| Previous Owner | $40,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/19/2025 09/19/25 | Sold | $103,530 | 0.0% | $129 / Sq Ft |
| 09/09/2025 09/09/25 | Price Changed | $103,530 | -3.2% | $129 / Sq Ft |
| 08/14/2025 08/14/25 | Pending | -- | -- | -- |
| 07/29/2025 07/29/25 | Price Changed | $107,000 | -4.5% | $134 / Sq Ft |
| 07/14/2025 07/14/25 | Price Changed | $112,000 | -5.1% | $140 / Sq Ft |
| 07/07/2025 07/07/25 | For Sale | $118,000 | -- | $148 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $413 | $17,925 | $2,150 | $15,775 |
| 2024 | $413 | $12,175 | $2,025 | $10,150 |
| 2023 | $742 | $12,175 | $2,025 | $10,150 |
| 2022 | $742 | $12,175 | $2,025 | $10,150 |
| 2021 | $750 | $12,175 | $2,025 | $10,150 |
| 2020 | $833 | $11,500 | $2,025 | $9,475 |
| 2019 | $368 | $11,500 | $2,025 | $9,475 |
| 2018 | $368 | $11,500 | $2,025 | $9,475 |
| 2017 | $376 | $11,500 | $2,025 | $9,475 |
| 2016 | $507 | $11,600 | $0 | $0 |
| 2014 | $507 | $11,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Wachob
-
Marix Hughes
Buyer's Agent in 2025
Marix Hughes
eXp Realty, LLC
(901) 489-9785
4 in this area
26 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10200698
APN: 07-2002-0-0006
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