$365,000
PENDING $10K PRICE DROP

5923 Island Forty Rd Memphis, TN 38127

Estimated payment $2,052/month

Total Views 1,934
4 Beds
2 Baths
2,036 Sq Ft
$179 Price per Sq Ft

Highlights

  • Barn or Stable
  • Wood Flooring
  • Separate Formal Living Room
  • Traditional Architecture
  • Attic
  • Screened Porch

About This Home

Welcome Home to this beautifully renovated 4 bedroom, 2 bath home set on over 3 acres of peaceful countryside. Inside you will find hardwood floors, a kitchen with an island and stainless steel appliances, and more updated finishes and fixtures. This home sports a roof and HVAC system that's less than 10 years old and newer windows that were replaced in 2020. Downstairs is a finished basement with garage that could serve as a gym, home office, or just extra storage space. Outside is a screened in porch perfect for entertaining and lounging. There is also a 60x30ft concrete floored barn with electricity that's ideal for storage, hobbies, or even small livestock. So, whether you are dreaming of a mini farm or just a quiet retreat to spread out this property offers endless possibilities! Schedule your showing today and come fall in love!

Listing Agent

Melvin Guy

Reid, REALTORS License #336552 Listed on: 10/10/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 1961

Lot Details

  • 3.36 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof

Interior Spaces

  • 2,036 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Separate Formal Living Room
  • Breakfast Room
  • Home Office
  • Screened Porch
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 2 Car Garage
  • Side Facing Garage

Horse Facilities and Amenities

  • Barn or Stable

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • Ramsey Estate Partition Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0134 00392

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,644

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: RAMSEY ESTATE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2036
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, Laundry Room, Breakfast Room, Office
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Split Bedroom Plan, Renovated Bathroom, Full Bath Down
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedroom 4 Description: Level 1, Hardwood Floor
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen, Island In Kitchen
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Pull Down Attic Stairs
  • Other Rooms: Laundry Room, Unfinished Basement, Finished Basement, Attic
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath

Exterior Features

  • Misc Exterior: Screen Porch, Covered Patio, Barn/Stable, Wood Fence, Chain Fence
  • Exterior Windows: Brick Veneer
  • Foundation: Partial Basement, Walk-Out Basement
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: CG2A
  • Parking Storage: Side-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Septic Tank

Lot Info

  • Lot Description: Some Trees, Chain Fenced
  • Lot Number: 3
  • Acreage: 3.36
  • Lot Size: 3.36AC
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: D0134 00392

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $1,644 $64,175 $9,075 $55,100
2024 $1,644 $48,500 $8,625 $39,875
2023 $1,644 $48,500 $8,625 $39,875
2022 $1,644 $48,500 $8,625 $39,875
2021 $1,673 $44,300 $8,625 $35,675
2020 $1,216 $30,025 $8,625 $21,400
2019 $1,216 $30,025 $8,625 $21,400
2018 $1,216 $30,025 $8,625 $21,400
2017 $1,234 $30,025 $8,625 $21,400
2016 $1,257 $28,775 $0 $0
2014 $1,257 $28,775 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2025 11/07/25 Pending -- -- --
10/28/2025 10/28/25 Price Changed $365,000 -2.7% $179 / Sq Ft
10/10/2025 10/10/25 For Sale $375,000 -- $184 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Lendserv National Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10207487

Memphis Area Association of REALTORS®

APN: D0-134-0-0392