NOT LISTED FOR SALE

261 1st Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $294,000

0.17 Acre
$1,729,412 Price per Acre
7,405 Sq Ft Lot

Last Sold October 17, 2023

Last sale price $2,500

Est. 11,660% increase in value since last sale

Current estimated payment $1,558/month

606 Days on Market

About This Lot

As of October 2023

Vacant lot, on which to build your next home, in established neighborhood.

Property Details

Property Type

  • Land

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Paved or Partially Paved Lot
  • Property is zoned R-6

Community Details

  • Riverside Park Subdivision

Listing and Financial Details

  • Tax Lot 57
  • Assessor Parcel Number 050007 00005

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Pool Private: No
  • Road Surface Type: Paved
  • Topography: Other
  • View: No
  • Waterfront: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Zoning: R-6
  • Lot Features: Other
  • Lot Size Acres: 0.17
  • Lot Size: 50X150
  • Lot Size Units: Acres
  • Parcel #: 050007 00005

Tax Info

  • Tax Annual Amount: 63
  • Tax Lot: 57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2025
Sold by
Zappalla Stephen
Bought by
Reisolve Home Solutions Llc
Current Estimated Value
$294,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Outstanding Balance
$4,982
Interest Rate
6.6%
Mortgage Type
Seller Take Back
Estimated Equity
$289,018

Purchase Details

Closed on
Oct 18, 2021
Sold by
Couty Of Shelby
Bought by
Carolina World Propertys Llc

Purchase Details

Closed on
Nov 24, 1998
Sold by
Henry Watson
Bought by
Smith Tikeyla

Purchase Details

Closed on
Nov 12, 1998
Sold by
Watson Maurice
Bought by
Smith Tikeyla
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Reisolve Home Solutions Llc -- Saddle Creek Title
Carolina World Propertys Llc $500 None Available
Smith Tikeyla -- Chicago Title Insurance Co
Smith Tikeyla -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reisolve Home Solutions Llc $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2023 10/17/23 Sold $2,500 -50.0% --
10/17/2023 10/17/23 Pending -- -- --
02/18/2022 02/18/22 For Sale $5,000 -- --
Source: Realtracs

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 -- $1,250 $1,250 --
2024 -- $875 $875 --
2023 $53 $875 $875 $0
2022 $53 $875 $875 $0
2021 $54 $0 $0 $0
2020 $63 $875 $875 $0
2019 $28 $875 $875 $0
2018 $28 $875 $875 $0
2017 $29 $875 $875 $0
2016 $38 $875 $0 $0
2014 $38 $875 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3023038

Realtracs

APN: 05-0007-0-0005

Tennessee Shelby County Memphis 38109 South Memphis

261 1st Ave, Memphis, TN

This home is located at 261 1st Ave, Memphis, TN 38109 since 18 February 2022 and is currently estimated at $294,000. 261 1st Ave is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Vision Preparatory Charter School.

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