Great opportunity to own this 2 bedroom 2 bathroom home. This property built in 1954 has approximately 1611 square feet of living space. Close to restaurants and shopping. Bring your ideas and design and see how you can transform this place into just what you have been looking for.
Single-familyProperty Type
1954Year Built
0.49 acresLot Size
$59Est. Price/Sq.Ft.
Listed by Courtney Read• Realhome Services & Solutions,
Bought with Michelle Hayes Thomas• Hayes Homes and Realty, Inc
Source:Memphis Area Association of Realtors(R) MLS #10087341
Redfin Estimate
$116,470
$16K since sold in July 2021$9,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 0.5% higher than the average sale price ($116K) of 6 comparable homes.
Memphis Area Association of Realtors(R) MLS #10087341
Mar 8, 2021
Sold
$37,000
$19/sq ft
Jan 22, 2021
Price Changed
$22,300
$11/sq ft
Oct 21, 2020
Listed
$22,500
$11/sq ft
+5
Great opportunity to own this 2 bedroom 2 bathroom home. This property built in 1954 has approximately 1611 square feet of living space. Close to restaurants and shopping. Bring your ideas and design and see how you can transform this place into just what you have been looking for.
Memphis Area Association of Realtors(R) MLS #2542019
Nov 14, 2003
Sold
$69,000
$35/sq ft
Jun 18, 2003
Listed
$69,000
$35/sq ft
SPACIOUS 3BR HOME WITH PINE PANELLING IN DEN AND 2ND BR. RENOVATION IN PROCESS WILL INCLUDE NEW ROOF, EXTERIOR/INTERIOR PAINT, CARPET. HUGE LOT WITH STORAGE BUILDING. CALL FOR APPOINTMENT.
Year
Property tax
Land + Additions
Assessment*
2025
$1,554 (−4.9%)
$2,000 + $27,475
$29,475
2024
$1,633 (+8.1%)
$2,000 + $27,475
$29,475
2023
$1,511
$1,700 + $23,100
$24,800
2022
$1,511 (+66.5%)
$1,700 + $23,100
$24,800
2021
$908 (−11.2%)
$1,700 + $23,100
$24,800
2020
$1,022
$1,700 + $13,025
$14,725
2019
$1,022
$1,700 + $12,400
$14,100
2018
$1,022 (+76.3%)
$1,700 + $12,400
$14,100
2017
$580 (+7.3%)
$1,700 + $12,400
$14,100
2016
$540
$1,700 + $12,400
$14,100
2014
$540
$1,700 + $10,675
$12,375
Tax history for 1015 Colgate Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,554 (−4.9%)
$2,000 + $27,475
$29,475
2024
$1,633 (+8.1%)
$2,000 + $27,475
$29,475
2023
$1,511
$1,700 + $23,100
$24,800
2022
$1,511 (+66.5%)
$1,700 + $23,100
$24,800
2021
$908 (−11.2%)
$1,700 + $23,100
$24,800
2020
$1,022
$1,700 + $13,025
$14,725
2019
$1,022
$1,700 + $12,400
$14,100
2018
$1,022 (+76.3%)
$1,700 + $12,400
$14,100
2017
$580 (+7.3%)
$1,700 + $12,400
$14,100
2016
$540
$1,700 + $12,400
$14,100
2014
$540
$1,700 + $10,675
$12,375
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Feb 12, 2024 • Final
Residential mechanical
Install a new furnace, coil, and condenser. Perform a gas air test.
Gas
HVAC
May 14, 2021 • Final
Residential electrical
Work on safety.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Central
Room Information
# of Rooms: 7
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Traditional
Exterior Wall: Brick Veneer
Roof Covering Type: Composition Shingle
Roof Shape Type: Gable
Property Information
Subdivision Name: PROSPECT PARK
Living Sq. Ft: 1,982
Ground Floor Sq. Ft: 1,582
Building Sq. Ft: 1,982
# of Stories: 1
Stories Type: 1
Lot Information
# of Buildings: 1
Land Sq. Ft: 21,414
Legal Lot Number: 46
Municipality Name: MEMPHIS
Acres: 0.4916
Depth Footage: 249
Front Footage: 80
Zoning Code: R-6
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,982
Stories: 1.0
Lot Size: 0.49 acres
Style: Single Family Residential
Year Built: 1954
Year Renovated: 1988
County: Shelby County
APN: 060026 00007
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
A B Hill Elementary School
Public PreK-5 • Assigned • 2.5mi
3/10
Riverview Middle School
Public PreK-8 • Assigned • 2.7mi
6/10
Hamilton High School
Public 9-12 • Assigned • 1.7mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
6 days above 109° expected this year, 19 days in 30 years
4/10 Wind Factor
19% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38106
Average low and high temperatures (°F)
46
30
56
38
70
50
76
58
78
63
87
72
92
77
90
72
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.6 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.6 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$111,000 – $134,000
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