This single family residence has 3br 1ba. The monthly income is $790/month. This is a great investment opportunity. Please drive-by and do not disturb tenants. Allow 24-hrs notice for viewing.
Single-familyProperty Type
1954Year Built
7,980 sq ftLot Size
$170Est. Price/Sq.Ft.
1 spaceParking
Listed by Juliette Moore• Crye-Leike, Inc., REALTORS
Bought with • Woodyard Realty Corp
Source:Memphis Area Association of Realtors(R) MLS #2604038
Redfin Estimate
$166,119
$26K since sold in March 2021$11K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 8.2% lower than the average sale price ($181K) of 6 comparable homes.
Memphis Area Association of Realtors(R) MLS #2604038
Jan 17, 2006
Sold
$80,445
$83/sq ft
Jun 21, 2005
Listed
$85,000
$87/sq ft
This single family residence has 3br 1ba. The monthly income is $790/month. This is a great investment opportunity. Please drive-by and do not disturb tenants. Allow 24-hrs notice for viewing.
Public Records
Jun 6, 1972
Sold
$17,200
$18/sq ft
Public Records
Mar 31, 1972
Sold
$14,951
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,946 (+18.7%)
$8,750 + $28,175
$36,925
2024
$1,640 (+8.1%)
$8,750 + $28,175
$36,925
2023
$1,517
$5,225 + $19,675
$24,900
2022
$1,517 (−1.2%)
$5,225 + $19,675
$24,900
2021
$1,535 (+16.4%)
$5,225 + $19,675
$24,900
2020
$1,319
$5,225 + $19,675
$24,900
2019
$1,319
$5,225 + $12,975
$18,200
2018
$1,319 (+76.3%)
$5,225 + $12,975
$18,200
2017
$748 (−0.5%)
$5,225 + $12,975
$18,200
2016
$752
$5,225 + $12,975
$18,200
2014
$752
$5,225 + $12,000
$17,225
Tax history for 1503 Hopewell Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,946 (+18.7%)
$8,750 + $28,175
$36,925
2024
$1,640 (+8.1%)
$8,750 + $28,175
$36,925
2023
$1,517
$5,225 + $19,675
$24,900
2022
$1,517 (−1.2%)
$5,225 + $19,675
$24,900
2021
$1,535 (+16.4%)
$5,225 + $19,675
$24,900
2020
$1,319
$5,225 + $19,675
$24,900
2019
$1,319
$5,225 + $12,975
$18,200
2018
$1,319 (+76.3%)
$5,225 + $12,975
$18,200
2017
$748 (−0.5%)
$5,225 + $12,975
$18,200
2016
$752
$5,225 + $12,975
$18,200
2014
$752
$5,225 + $12,000
$17,225
*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
Mar 8, 2022 • Final
Residential electrical
Repair storm damage by replacing the electrical meter socket, riser, and service wire.
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
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Forced Air
Room Information
# of Rooms: 5
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: COLONIAL VILLAGE A
Living Sq. Ft: 975
Ground Floor Sq. Ft: 975
Building Sq. Ft: 975
# of Stories: 1
Stories Type: 1
Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 170
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,980
Legal Lot Number: 62
Municipality Name: MEMPHIS
Acres: 0.1832
Depth Footage: 133
Front Footage: 60
Zoning Code: R-6
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 975
Stories: 1.0
Lot Size: 7,980 square feet
Style: Single Family Residential
Year Built: 1954
Year Renovated: —
County: Shelby County
APN: 066067 00006
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Sea Isle Elementary School
Public PreK-5 • Assigned • 0.8mi
4/10
Colonial Middle School
Public 6-8 • Assigned • 0.3mi
6/10
Overton High School
Public 9-12 • Assigned • 0.5mi
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
16% 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
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
$158,000 – $192,000
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