Check out this beautifully RENOVATED 3BR, 1BA home in the highly sought-after Colonial Acres area, just a short walk to Colonial Middle School. Enjoy NEW durable luxury vinyl plank flooring, fresh interior paint, and updated kitchen countertops. The gas range, dishwasher, microwave, windows and roof are all only 3 years old, giving you peace of mind. The bathroom was renovated 3 years ago with stylish finishes, and the water heater is just 1 year old. With its move-in-ready updates and unbeatable location, this home delivers comfort, convenience, and timeless appeal.
Colonial Acres, located between East Parkway and I-240, is a residential and mid-century Memphis neighborhood with ranch-style streetscapes and a leafy, park-adjacent feel. The neighborhood’s character concentrates around the Park Avenue and Getwell Road corridor, where low-slung storefronts, local eateries, and everyday services set a steady, lived-in rhythm. Housing leans toward brick one-stories and tidy lots, with curving blocks that soften traffic and add a suburban cadence inside the city. The edge of the area ties into the green expanse of Audubon Park and the Memphis Botanic Garden for long walks and open lawns. Nearby anchors like the Dixon Gallery & Gardens and Theatre Memphis add a cultural counterpoint to the quiet blocks. Errands and dining cluster along Park and Poplar, keeping the geography practical without changing the calm tone.
Provided by Walk Score and Local Logic
Market insights
1407 Ivy Rd · $215,000
DAYS ON MARKET
115 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.3%
Most homes are selling 4% below list price.
LIST PRICE
$215,000
Median sale price in this area is $269,256. (25% higher than this home)
PRICE DROP
1 price drop
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Living room and dining room combination
Pantry
Updated/renovated kitchen
All window treatments
Cat/Dog free house
Smoke detectors
5 total rooms
Single-story home
Bedrooms
3 bedrooms, all on the main level
Primary bedroom with smooth ceiling (13 x 12)
Bedrooms feature smooth ceilings
Bathrooms
1 full bathroom (renovated) with tile floor and smooth ceiling
Full bathroom located on the main level
Kitchen
Range/Oven
Gas cooking
Dishwasher
Microwave
Refrigerator
Pantry
Laundry & utility
Laundry room
Flooring
Tile
Vinyl flooring
Smooth ceilings throughout
Heating & cooling
Central heating
Central air
Ceiling fans
Exterior features
Patio
Dog run
Wrought iron security doors
Brick veneer exterior
Double-pane windows
Chain-fenced and wood-fenced yard
Corner lot with some trees
Level terrain
Home design
Detached single-family home
Traditional style
Built in 1954
Existing property
Parking
Driveway/pad
Security
Wrought iron security doors
Deadbolt locks
Smoke detectors
Construction
Conventional foundation
Composition shingle roof
Utilities
Public water
Public sewer
Financial info
Financing available: Conventional, FHA, VA
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10220170
May 26, 2026
Price Changed
$215,000
Apr 25, 2026
Listed
$220,000
Memphis Area Association of Realtors(R) MLS #10103894
Aug 16, 2021
Sold
$220,000
Jul 13, 2021
Listed
$195,000
+7
Cutest house on a beautiful corner lot! Updated kitchen, bath and beautiful floors! Good closet space and a separate laundry/utility room! Precious front porch for your morning coffee! New roof, new windows and ready for a new owner!
Public Records
Apr 27, 1998
Sold
$67,000
Public Records
Aug 28, 1997
Sold
$64,606
Public Records
Apr 24, 1991
Sold
$58,069
Year
Property tax
Land + Additions
Assessment*
2025
$3,188 (+38.9%)
$8,100 + $52,375
$60,475
2024
$2,295 (−19.4%)
$8,100 + $52,375
$60,475
2023
$2,848
$5,625 + $29,225
$34,850
2022
$2,848 (+32.6%)
$5,625 + $41,125
$46,750
2021
$2,148 (+34.1%)
$5,625 + $41,125
$46,750
2020
$1,601
$5,625 + $29,225
$34,850
2019
$1,601
$5,625 + $16,475
$22,100
2018
$1,601 (+76.3%)
$5,625 + $16,475
$22,100
2017
$908 (−4.7%)
$5,625 + $16,475
$22,100
2016
$953
$5,625 + $16,475
$22,100
2014
$953
$7,250 + $14,575
$21,825
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
86 ft.
Lot depth
127 ft.
Lot size
0.25 Acres
Year renovated
2008
Finished Sq. Ft.
1,100
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,100
Year built
1954
Style
Single Family Residential
County
Shelby County
APN
066062 00027
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 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
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
7/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
17% 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 • 38117
Average low and high temperatures (°F)
47
30
57
38
72
50
78
58
79
63
88
72
93
77
90
71
86
68
78
57
66
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1407 Ivy Rd
$211,575
$3,425 under list price of $215K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $159K to $225K.