$50,000

507 E Frank Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $302/month

Total Views 238
2 Beds
1 Bath
1,000-1,199 Sq Ft
$42 Price per Sq Ft

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Porch
  • Wood Flooring
  • Separate Formal Living Room
  • Central Heating and Cooling System

About This Home

This is 2 bedroom 1 bath home with large bedrooms. This home has fenced in backyard and located a few minutes from gas, shopping, entertainment and highway access. This property is owned by the US Department of HUD. HUD homes are sold as-is and are managed by Olympusams. HUD CASE# 482-382372, and this property is (UI) which is UNINSURED, so inspections completed at buyer's expense when bid accepted. Looking to make an offer on this home, go to HUD Home Store find a HUD registered agent and have them to make the offer for you on this nice home.

Listing Agent

Juan Brooks

Process Realty Services License #272549 Listed on: 09/04/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $414

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Chain Link Fence
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,055 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Separate Formal Living Room
  • Dining Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Longview Hgts 2Nd Addn Blk 23. Subdivision

Listing and Financial Details

  • Assessor Parcel Number 049013 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$414

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747E
  • MAAR Subdivision Name: LONGVIEW HEIGHTS 2ND ADD BLK 239
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1055
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 2
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad, On-Street Parking

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Lot Info

  • Lot Description: Some Trees, Level, Chain Fenced
  • Lot Number: 7
  • Acreage: 0.16
  • Lot Size: 50X140
  • Price Per Acre: 312500
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 049013 00003

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
2025 $414 $17,650 $2,000 $15,650
2024 $414 $12,200 $1,000 $11,200
2023 $743 $12,200 $1,000 $11,200
2022 $743 $12,200 $1,000 $11,200
2021 $752 $12,200 $1,000 $11,200
2020 $828 $11,425 $1,000 $10,425
2019 $828 $11,425 $1,000 $10,425
2018 $828 $11,425 $1,000 $10,425
2017 $470 $11,425 $1,000 $10,425
2016 $485 $11,100 $0 $0
2014 $485 $11,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $50,000 -- $50 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Trustee Deed $83,596 None Listed On Document
Trustee Deed $83,596 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $90,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $30,000 Unknown
Previous Owner $10,000 Unknown
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10205130

Memphis Area Association of REALTORS®

APN: 04-9013-0-0003

Tennessee Shelby County Memphis 38106 South Memphis

507 E Frank Ave, Memphis, TN

This home is located at 507 E Frank Ave, Memphis, TN 38106 and is currently priced at $50,000, approximately $41 per square foot. This property was built in 1940. 507 E Frank 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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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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Juan Brooks
Listing Agent
Juan Brooks
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Process Realty Services
(901) 716-8131