Calling all Investors. Great opportunity for a flip or buy and hold. Easy to show. Great layout and large lot size, perfect for someone looking for a rental property.
Memphis Area Association of Realtors(R) MLS #10172826
Jun 15, 2024
Sold
$65,000
$58/sq ft
May 21, 2024
Listed
$89,000
$79/sq ft
Calling all Investors. Great opportunity for a flip or buy and hold. Easy to show. Great layout and large lot size, perfect for someone looking for a rental property.
Memphis Area Association of Realtors(R) MLS #9989767
Dec 1, 2016
Sold
$40,000
$36/sq ft
Nov 1, 2016
Listed
$44,920
$40/sq ft
+4
University of Memphis area bungalow surrounded by nice looking homes. Priced to sell quickly. Occupied with longtime tenant (No Lease). Make this your home or investment property today.
Year
Property tax
Land + Additions
Assessment*
2025
$1,793 (+123.2%)
$2,450 + $31,575
$34,025
2024
$803 (+8.1%)
$2,450 + $31,575
$34,025
2023
$743
$1,000 + $11,200
$12,200
2022
$743 (−1.2%)
$1,000 + $11,200
$12,200
2021
$752 (+3.5%)
$1,000 + $11,200
$12,200
2020
$726
$1,000 + $11,200
$12,200
2019
$726
$1,000 + $9,025
$10,025
2018
$726 (+76.3%)
$1,000 + $9,025
$10,025
2017
$412 (−4.6%)
$1,000 + $9,025
$10,025
2016
$432
$1,000 + $9,025
$10,025
2014
$432
$1,000 + $8,900
$9,900
Tax history for 1027 MT Vernon Ave
Year
Property tax
Land + Additions
Assessment*
2025
$1,793 (+123.2%)
$2,450 + $31,575
$34,025
2024
$803 (+8.1%)
$2,450 + $31,575
$34,025
2023
$743
$1,000 + $11,200
$12,200
2022
$743 (−1.2%)
$1,000 + $11,200
$12,200
2021
$752 (+3.5%)
$1,000 + $11,200
$12,200
2020
$726
$1,000 + $11,200
$12,200
2019
$726
$1,000 + $9,025
$10,025
2018
$726 (+76.3%)
$1,000 + $9,025
$10,025
2017
$412 (−4.6%)
$1,000 + $9,025
$10,025
2016
$432
$1,000 + $9,025
$10,025
2014
$432
$1,000 + $8,900
$9,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1.2
Lot width
60 ft.
Lot depth
158 ft.
Lot size
9,480 Sq. Ft.
Year renovated
2008
Sq. Ft.
1,123
Year built
1948
Style
Single Family Residential
County
Shelby County
APN
059081 00008
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
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
Oct 7, 2020 • Final
Residential mechanical
Install a wall heater, a heating system, and a gas water heater.
HVAC
Plumbing
Water heater
Oct 7, 2020 • Final
Residential electrical
Replace the electrical service panel with similar equipment.
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
Parking
Parking Information
Parking Total: 0
Parking Features: Parking Pad
Interior
Bedroom Information
# of Bedrooms: 2
Bathroom Information
# of Full Baths (Total): 1
Basement Information
Basement Features: Other
Heating & Cooling
Has Heating
Heating Information: Central
Has Cooling
Cooling Information: Central Air
Interior Features
Interior Features: Pantry
Flooring: Wood
Exterior
Building Information
Roof: Shingle
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area Units: Square Feet
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Lot Information
Lot Size Area: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Lot Size Dimensions: 60X158
Financial
Tax Information
Tax Annual Amount: $744
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Water Available, Cable Connected
Location
HOA Information
Association Amenities: Sidewalks
Location Information
Directions: Park Avenue, just west of Highland Street, near Radford and Mt Vernon.
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,123
Stories: 1.2
Lot Size: 9,480 square feet
Style: Single Family Residential
Year Built: 1948
Year Renovated: 2008
County: Shelby County
APN: 059081 00008
Home facts updated by county records on Jul 13, 2026
Other
Home Information
Living Area: 1123
Living Area Units: Square Feet
Living Area Source: Assessor
Building Area Total: 1123
Building Area Units: Square Feet
Building Area Source: Assessor
Year Built Details: Existing
Levels: Three Or More
Around this home
Schools
Cherokee Elementary School
Public PreK-5 • Assigned • 0.8mi
6/10
Sherwood Middle School
Public 6-8 • Assigned • 0.4mi
5/10
Melrose High School
Public 9-12 • Assigned • 0.9mi
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
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
18% 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 • 38111
Average low and high temperatures (°F)
46
30
57
37
71
50
77
58
78
63
88
72
92
77
90
72
85
68
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 10.5 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$139,000 – $168,000
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