Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $950 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Memphis Area Association of Realtors(R) MLS #10086285
Dec 8, 2020
Sold
$109,900
$110/sq ft
Oct 2, 2020
Listed
$109,900
$110/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,494 (+57.8%)
$2,450 + $25,900
$28,350
2024
$947 (+8.1%)
$2,450 + $25,900
$28,350
2023
$876
$1,000 + $13,375
$14,375
2022
$876 (−1.2%)
$1,000 + $13,375
$14,375
2021
$886 (+9.7%)
$1,000 + $13,375
$14,375
2020
$808
$1,000 + $13,375
$14,375
2019
$808
$1,000 + $10,150
$11,150
2018
$808 (+76.3%)
$1,000 + $10,150
$11,150
2017
$458 (−5.9%)
$1,000 + $10,150
$11,150
2016
$487
$1,000 + $10,150
$11,150
2014
$487
$1,000 + $10,150
$11,150
Tax history for 1040 Railton Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,494 (+57.8%)
$2,450 + $25,900
$28,350
2024
$947 (+8.1%)
$2,450 + $25,900
$28,350
2023
$876
$1,000 + $13,375
$14,375
2022
$876 (−1.2%)
$1,000 + $13,375
$14,375
2021
$886 (+9.7%)
$1,000 + $13,375
$14,375
2020
$808
$1,000 + $13,375
$14,375
2019
$808
$1,000 + $10,150
$11,150
2018
$808 (+76.3%)
$1,000 + $10,150
$11,150
2017
$458 (−5.9%)
$1,000 + $10,150
$11,150
2016
$487
$1,000 + $10,150
$11,150
2014
$487
$1,000 + $10,150
$11,150
*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
Lot width
60 ft.
Lot depth
128 ft.
Lot size
7,680 Sq. Ft.
Year renovated
1985
Sq. Ft.
1,169
Year built
1949
Style
Single Family Residential
County
Shelby County
APN
059079 00017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 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
Jan 29, 2021 • Final
Residential mechanical
Perform a gas air test and install a new furnace, coil, and condenser unit.
Gas
HVAC
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.
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wrought Iron Security Doors
Exterior/Windows: Brick Veneer
Foundation: Slab
Roof: Composition Shingles
Land Information
Acreage: 0.17
Lot Information
Parcel ID: 059079 00017
Lot #: 31
Lot Size: 60X128
Lot Description: Some Trees
Area: 757D
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1000-1199
Year Built: 1949
Financial
Tax Information
Annual City Tax: $356
Annual County Tax: $451
Utilities
Utility Information
Water & Sewer: Public Water, Public Sewer
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: Head north on S Renshaw Dr toward N Perkins Rd 47 s (0.2 mi) Take Sam Cooper Blvd and N Highland St to Radford Rd 11 min (5.3 mi) Drive to Railton Rd
MAAR Subdivision Name: PARK GROVE
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,169
Stories: 1.0
Lot Size: 7,680 square feet
Style: Single Family Residential
Year Built: 1949
Year Renovated: 1985
County: Shelby County
APN: 059079 00017
Home facts updated by county records on Oct 22, 2026
Around this home
Schools
K - 12
Preschool & daycare
Cherokee Elementary School
Public PreK-5 • Assigned • 0.9mi
6/10
Sherwood Middle School
Public 6-8 • Assigned • 0.3mi
5/10
Melrose High School
Public 9-12 • Assigned • 1.0mi
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, 20 days in 30 years
4/10 Wind Factor
18% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 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
87
68
75
58
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
$133,000 – $161,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2020. This data may not match public records. Learn more.