$400,000
SOLD MAY 5, 2025
0.96 Acre
$416,667 Price per Acre
41,818 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

11% Below List Price

42 Days on Market

Highlights

  • 0.96 Acre Lot
  • Outdoor Storage
  • Fenced
  • White Station High Rated A
  • Door to Door Trash Pickup
  • Level Lot

About This Lot

As of May 2025

Discover a prime 1+/- acre lot at 500 S White Station, nestled in the heart of East Memphis—an exceptional opportunity for renovation or redevelopment. Boasting 145 feet of frontage and 290 feet of depth, this expansive property is zoned R-10, accommodating single-family homes on lots of at least 10,000 square feet, as well as duplexes, multi-family dwellings, and other residential uses. The lot features an existing home, offering the flexibility to renovate or clear for a fresh vision. Perfectly situated in one of Memphis’s most desirable neighborhoods, this property is ideal for homeowners or investors alike. Please note: The property is currently occupied. Do not disturb tenants. Contact the listing agent for all showing opportunities. Seize this rare chance to own a versatile piece of East Memphis real estate!

Last Agent to Sell the Property

Todd Adams

Keller Williams License #332950 Listed on: 02/25/2025

Keller Williams

Last Buyer's Agent

Jessica Brown

REMAX Experts License #289132

REMAX Experts

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,805

Lot Details

  • 0.96 Acre Lot
  • Lot Dimensions are 145x290
  • Fenced
  • Level Lot
  • Property is in below average condition
  • Property is zoned RS 10

Additional Features

  • City Lot
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 056046 00072

Community Details

Recreation

  • Outdoor Storage

Additional Features

  • Pleasant Acres First Addition Subdivision
  • Door to Door Trash Pickup

Property Details

Property Type

Land

Est. Annual Taxes

$4,805

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Cross Street: Sanderlin
  • Location: City, Subdivision
  • MLS Map #: 756F
  • MAAR Subdivision Name: PLEASANT ACRES 1ST ADD
  • Price Per Sq Ft: 416666.67
  • Miscellaneous: Garbage Pickup
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved, Municipal

Utilities

  • Utilities: Public Water, Electricity, Public Sewer, Natural Gas, Telephone

Association/Amenities

  • Uses Of Adjacent Area: Retail, Food Service, Commercial, Residential, Multi-Family, Church, School

Lot Info

  • Lot Number: 2
  • Acreage: 0.96
  • Lot Size: 145X290
  • Price Per Acre: 468750
  • Zoning: RS 10
  • Improvements: Curbs and Gutters, Sidewalk, Fenced, Graded
  • Lots Available: 1 Only
  • Present Structure: Residence, Storage Building, Needs Repair
  • Shape: Regular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Single Family, Multi-Family, Commercial
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 056046 00072

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2025
Closed on
May 8, 2025
Sold by
Boaz Johnnie
Bought by
Goughnour Michael S and Goughnour Holly G
Seller's Agent
Todd Adams
Keller Williams
Buyer's Agent
Jessica Brown
REMAX Experts
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Views
66
Current Estimated Value
$461,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,918
Avg. Annual Appreciation
75.93%

Purchase Details

Closed on
May 21, 2024
Sold by
Reynolds Ruthell
Bought by
Boaz Johnnie and Reynolds Ruthell
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $400,000 Executive Title & Closing
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $188,397 Unknown
Previous Owner $175,000 Credit Line Revolving
Previous Owner $107,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Sold $400,000 -11.1% $107 / Sq Ft
04/08/2025 04/08/25 Pending -- -- --
04/07/2025 04/07/25 For Sale $450,000 0.0% $121 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
02/25/2025 02/25/25 For Sale $450,000 -- $121 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $4,805 $168,900 $76,750 $92,150
2024 $4,805 $141,750 $63,925 $77,825
2023 $8,635 $141,750 $63,925 $77,825
2022 $8,635 $141,750 $63,925 $77,825
2021 $8,736 $141,750 $63,925 $77,825
2020 $9,289 $128,200 $63,925 $64,275
2019 $9,289 $128,200 $63,925 $64,275
2018 $9,289 $128,200 $63,925 $64,275
2017 $5,269 $128,200 $63,925 $64,275
2016 $5,313 $121,575 $0 $0
2014 $5,313 $121,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10190731

Memphis Area Association of REALTORS®

APN: 05-6046-0-0072