$122,400
$18K PRICE DROP

449 Fernwood Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $685/month

Total Views 7,361
5 Beds
2.5 Baths
2,200-2,399 Sq Ft
$51 Price per Sq Ft

Highlights

  • All Bedrooms Downstairs
  • Central Heating and Cooling System
  • Level Lot
  • Traditional Architecture
  • Partially Carpeted

About This Home

INVESTORY ONLY! Tenant occupied and professionally managed home. This could be a great addition to your investment portfolio. Currently rent for $1470/mo with a $1395 deposit on file. Lease ends 3/31/26. Large home. Many homes in this area are being rehabbed and sold for more money. Lease, ledger, and payment/repair history are available upon request. Do not approach or disturb tenant. No showings without an accepted offer. No wholesalers, no assignment, no seller finance or creative finance. Seller is also has 1675 Haywood & 3245 Sinclair (can buy these houses in bulk or individually).

Listing Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 04/15/2025

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $394

Year Built

  • Built in 1950

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,235 Sq Ft Home
  • 1.5-Story Property
  • Partially Carpeted

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down

Utilities

  • Central Heating and Cooling System

Community Details

  • Philsar Blk E Subdivision

Listing and Financial Details

  • Assessor Parcel Number 049015 00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$394

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 #: 747D
  • MAAR Subdivision Name: PHILSAR BLK E
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2235
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedrooms: 5
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Pantry
  • Total Bathrooms: 2.1

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Display: N0

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 166
  • Acreage: 0.14
  • Lot Size: 50X130
  • Price Per Acre: 874286
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 049015 00004

Map

Range of Values:

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Average Value
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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
2025 $394 $19,225 $2,000 $17,225
2024 $394 $11,625 $1,125 $10,500
2023 $708 $11,625 $1,125 $10,500
2022 $708 $11,625 $1,125 $10,500
2021 $716 $11,625 $1,125 $10,500
2020 $706 $9,750 $1,125 $8,625
2019 $706 $9,750 $1,125 $8,625
2018 $706 $9,750 $1,125 $8,625
2017 $401 $9,750 $1,125 $8,625
2016 $446 $10,200 $0 $0
2014 $446 $10,200 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $122,400 -2.0% $56 / Sq Ft
05/30/2025 05/30/25 Price Changed $124,900 -0.8% $57 / Sq Ft
05/13/2025 05/13/25 Price Changed $125,900 -10.0% $57 / Sq Ft
04/15/2025 04/15/25 For Sale $139,900 +258.7% $64 / Sq Ft
07/09/2015 07/09/15 Sold $39,000 -43.5% $20 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $69,000 -- $35 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $39,000 None Listed On Document
Warranty Deed $39,000 Edco Title & Closing Svcs In
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10194334

Memphis Area Association of REALTORS®

APN: 04-9015-0-0004

Tennessee Shelby County Memphis 38106 South Memphis

449 Fernwood Ave, Memphis, TN

This home is located at 449 Fernwood Ave, Memphis, TN 38106 and is currently priced at $122,400, approximately $51 per square foot. This property was built in 1950. 449 Fernwood Ave is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

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Tyler Tapley
Listing Agent
Tyler Tapley
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Crye-Leike, Inc., REALTORS
(901) 641-8006