NOT LISTED FOR SALE

Estimated Value: $190,733

2.95 Acres
$64,655 Price per Acre
128,502 Sq Ft Lot

Sale Details

Date Sold: May 26, 2026

Last sale price $120,000

Est. 59% increase in value since last sale

Current estimated payment $1,077 / mo

Highlights

  • 2.95 Acre Lot
  • Wooded Lot
  • 4-minute walk to Elva T. Bledsoe Park
  • Altruria Elementary School Rated A-

About This Lot

As of May 2026

PRIME R-10 DEVELOPMENT OPPORTUNITY-2.96 Acres | 5259 Stage Road, Memphis, TN 38134 $227,000 | 6-12 potential Home Sites. Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes) In a market where median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices? Quick ROI scenario (10 homes): 10 homes × $350,000 = $3.5M gross Land + construction + infrastructure = ~$2.75M potential profit: $750K+ Blue Sky Communities just validated this market with their $162M Union Depot development nearby—337 flats, 161 single-family homes at ~$450K, and 70 townhouses at ~$300K. Institutional money chose this corridor for a reason. Location advantages: I-40 access (1.5 miles) - BlueOval City bringing 3,000+ new Bartlett residents Wolfchase Galleria (minutes away)Buyer is responsible for utility connections, permits, and infrastructure.Established neighborhoods surrounding the property Verify all information independently.

Last Agent to Sell the Property

Jason Miller

eXp Realty, LLC License #328506 Listed on: 05/24/2026

eXp Realty, LLC

Last Buyer's Agent

Nash Hassen

Grand Point Realty, LLC License #310858

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Lot Details

  • 2.95 Acre Lot
  • Wooded Lot
  • Property is zoned Res10

Location

  • City Lot

Community Details

  • Unsubdivided Subdivision

Listing and Financial Details

  • Assessor Parcel Number 088012 00081

Property Details

Property Type

Land

Lot Details

2.95 Acres

Listing Details

  • Class: Land
  • Type: Land
  • Location: City
  • MAAR Subdivision Name: unsubdivided
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Lot Info

  • Acreage: 2.95
  • Lot Size: 2.957 acres
  • Zoning: Res10
  • Lots Available: 1 Only
  • Present Usage: None/Vacant
  • Shape: Irregular
  • Topographic Feature: Wooded
  • Zoning Of Adjacent Area: Single Family, Commercial
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 088012 00081

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2026
Closed on
May 22, 2026
Sold by
Wilson and Margaret
Bought by
Seller's Agent
Jason Miller
eXp Realty, LLC
Buyer's Agent
Nash Hassen
Grand Point Realty, LLC
List Price
$144,977
Sold Price
$120,000
Premium/Discount to List
-$24,977
-17.23%
Views
231
Current Estimated Value
$190,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,733
Avg. Annual Appreciation
423.28%

Purchase Details

Closed on
Dec 14, 2005
Sold by
Bloom Mark J
Bought by
Wilson Gregory and Wilson Margaret
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Memphis, TN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$580,000 Titan Title Company
Wilson Gregory $106,000 First American Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/26/2026 05/26/26 Sold $120,000 -17.2% --
05/24/2026 05/24/26 Pending -- -- --
05/24/2026 05/24/26 For Sale $144,977 -- --
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $283 $10,525 $10,525
2024 $328 $9,675 $9,675
2023 $589 $9,675 $9,675 $0
2022 $589 $9,675 $9,675 $0
2021 $596 $9,675 $9,675 $0
2020 $701 $9,675 $9,675 $0
2019 $701 $9,675 $9,675 $0
2018 $701 $9,675 $9,675 $0
2017 $398 $9,675 $9,675 $0
2016 $423 $9,675 $0 $0
2014 $423 $9,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10222341

Memphis Area Association of REALTORS®

APN: 08-8012-0-0081

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