261 S Watkins St Memphis, TN 38104
Annesdale NeighborhoodEstimated payment $3,156/month
About This Lot
Rare opportunity to own a double parcel in the heart of Central Gardens—261 S Watkins, a beautifully landscaped 50x150 buildable lot perfect for a new home if desired, is being sold together with the adjoining historic home at 255 S Watkins. Both the lot and home back up to an alley, offering added flexibility and access. The lot provides endless possibilities—future construction, expansion, or simply enjoying its rose garden and privacy. Paired with the meticulously restored circa 1910 residence next door—featuring sweeping staircases, five fireplaces, tiger oak millwork, hardwood floors, and modern updates including a new WiFi-enabled double oven (2023) and water heater (2024)—this package combines rare Midtown space with timeless character and modern comfort.
Property Details
Property Type
- Land
Est. Annual Taxes
- $293
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50x150
- Level Lot
- Property is zoned RU-1
Location
- City Lot
Community Details
- Meacham Re Sub Blk 18 Subdivision
Listing and Financial Details
- Assessor Parcel Number 016018 00007
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 | $293 | $13,875 | $13,875 | -- |
| 2024 | $293 | $8,650 | $8,650 | -- |
| 2023 | $527 | $8,650 | $8,650 | $0 |
| 2022 | $527 | $8,650 | $8,650 | $0 |
| 2021 | $626 | $8,650 | $8,650 | $0 |
| 2020 | $627 | $8,650 | $8,650 | $0 |
| 2019 | $276 | $8,650 | $8,650 | $0 |
| 2018 | $276 | $8,650 | $8,650 | $0 |
| 2017 | $283 | $8,650 | $8,650 | $0 |
| 2016 | $378 | $8,650 | $0 | $0 |
| 2014 | $378 | $8,650 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $574,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | Delta Title Services Llc | |
| Interfamily Deed Transfer | -- | Delta Title Services Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,000 | New Conventional | |
| Previous Owner | $280,000 | New Conventional |
Source: Memphis Area Association of REALTORS®
MLS Number: 10204055
APN: 01-6018-0-0007
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