$183,000
$12K PRICE DROP

Estimated payment $1,096/month

Total Views 6,914
4 Beds
2 Baths
1,600-1,799 Sq Ft
$102 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Den
  • Main Floor Primary Bedroom
  • Sun or Florida Room
  • Eat-In Kitchen

About This Home

Investor opportunity! This 4-bedroom, 2-bathroom property is located less than a mile from the University of Memphis, making it a prime location for student housing or long-term tenants. Perfect for seasoned investors or first-timers! Boasting one of the largest layouts in the area, this property features a new roof (2018) and brand-new HVAC system (2024) for peace of mind. Currently tenant-occupied, it’s an excellent investment opportunity with a cash flowing rental history. Don’t miss this must-see property!

Listing Agent

Ma-Reco Knox

eXp Realty, LLC License #367682

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $977

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 57x135
  • Wood Fence
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,998 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Separate Formal Living Room
  • Den
  • Sun or Florida Room
  • Partially Carpeted
  • Attic Access Panel

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway
  • On-Street Parking

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Patterson Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058048 00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$977

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 758B
  • MAAR Subdivision Name: SHERWOOD FOREST
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1998
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Den/Great Room, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Second Story Floor Plan: 3rd Bedroom, 4th or More Bedrooms, 1 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Carpet
  • Bedroom 3 Description: Level 2, Carpet
  • Bedroom 4 Description: Level 2, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Vinyl/Luxury Vinyl Floor
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Den, Eat-In Kitchen
  • Misc Interior: Attic Access
  • Other Rooms: Sun Room
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1, Carpet

Exterior Features

  • Misc Exterior: Wood Fence
  • Exterior Windows: Brick Veneer, Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: CG1D
  • Parking Storage: Driveway/Pad, On-Street Parking

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 2
  • Acreage: 0.17
  • Lot Size: 57X135
  • Price Per Acre: 1076471
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 10

Tax Info

  • Assessor Parcel Number: 058048 00018

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $977 $28,825 $4,625 $24,200
2023 $1,756 $28,825 $4,625 $24,200
2022 $1,756 $28,825 $4,625 $24,200
2021 $1,777 $28,825 $4,625 $24,200
2020 $1,444 $19,925 $2,725 $17,200
2019 $1,444 $19,925 $2,725 $17,200
2018 $1,444 $19,925 $2,725 $17,200
2017 $819 $19,925 $2,725 $17,200
2016 $869 $19,875 $0 $0
2014 $764 $17,475 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Price Changed $183,000 -6.2% $114 / Sq Ft
02/19/2025 02/19/25 For Sale $195,000 -- $122 / Sq Ft
Source: Memphis Area Association of REALTORS®

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $100,000 Lenders Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $73,366 FHA
Closed $94,070 FHA
Closed $99,216 FHA
Previous Owner $60,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $20,000 Credit Line Revolving
Previous Owner $40,000 Credit Line Revolving
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10190330

Memphis Area Association of REALTORS®

APN: 05-8048-0-0018