5077 S 3rd St Memphis, TN 38109
Westwood NeighborhoodEstimated payment $2,003/month
Total Views
8,984
4
Beds
3
Baths
1,800-1,999
Sq Ft
$175
Price per Sq Ft
Highlights
- Great Room
- Walk-In Closet
- Tile Flooring
- Eat-In Kitchen
- Laundry Room
- Outdoor Storage
About This Home
Discover a rare gem within the city limits of Memphis—a stunning 10.56-acre tract offering a world of potential. This property presents numerous opportunities, from multiple home sites to an ideal location for various businesses. Just 1.9 miles north of the MS/TN state line, the property has 565 feet of frontage on US Hwy 61, (aka The Blues Highway). The tract includes a well-maintained 1,972 sq ft brick home, built in 1985, offering 4 bedrooms, 3 baths, and a spacious 2-car garage. It is presently rented for $1,500/ month. The site also serves as the base for a general contractor business and includes a large shed with three 40-foot metal containers for material storage. The land itself is a mix of manicured turf grass covering 3.45 acres and 7.1 acres of mature hardwood timber, creating a versatile landscape. This rare property is an exceptional investment opportunity! Don't miss out on this unique offering!
Listing Agent
William Patton
National Land Realty, LLC License #240224 Listed on: 06/22/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,103
Year Built
- Built in 1985
Lot Details
- Chain Link Fence
- Few Trees
Home Design
- Composition Shingle Roof
Interior Spaces
- 1,800-1,999 Sq Ft Home
- 1-Story Property
- Window Treatments
- Great Room
- Pull Down Stairs to Attic
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Flooring
- Partially Carpeted
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Parking
- 2 Parking Spaces
- Driveway
Outdoor Features
- Outdoor Storage
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
Map
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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 | $1,103 | $47,700 | $15,250 | $32,450 |
| 2024 | $1,103 | $32,550 | $12,725 | $19,825 |
| 2023 | $1,983 | $32,550 | $12,725 | $19,825 |
| 2022 | $1,983 | $32,550 | $12,725 | $19,825 |
| 2021 | $2,068 | $33,550 | $12,725 | $20,825 |
| 2020 | $2,360 | $32,575 | $12,725 | $19,850 |
| 2019 | $2,360 | $32,575 | $12,725 | $19,850 |
| 2018 | $1,279 | $17,650 | $12,725 | $4,925 |
| 2017 | $725 | $17,650 | $12,725 | $4,925 |
| 2016 | $1,431 | $32,750 | $0 | $0 |
| 2014 | $1,431 | $32,750 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/22/2024 06/22/24 | For Sale | $349,000 | -- | $194 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $180,000 | Fidelity Title & Escrow Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $144,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in the area
Source: Memphis Area Association of REALTORS®
MLS Number: 10192421
APN: 08-2044-0-0012
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