This is a lovely and charming starter home or you can make this an amazing investment opportunity! Located in nice and quiet pocket of 38127, very near highway access to I-40 or Hwy 51 This home is currently holding a Sec. 8 tenant paying $1,130 per month meaning you will instantly begin great cash-flowing opportunity! New Roof installed in 2022 and systems are up-to-date in good conditions. Selling "As Is" Please, Do Not disturb tenant. No Showings until accepted offer. Owner Agent
Memphis Area Association of Realtors(R) MLS #10145587
Jul 28, 2023
Sold
$107,000
$78/sq ft
May 8, 2023
Price Changed
$114,500
$83/sq ft
Apr 18, 2023
Price Changed
$119,500
$87/sq ft
Apr 11, 2023
Listed
$129,500
$94/sq ft
+4
This is a lovely and charming starter home or you can make this an amazing investment opportunity! Located in nice and quiet pocket of 38127, very near highway access to I-40 or Hwy 51 This home is currently holding a Sec. 8 tenant paying $1,130 per month meaning you will instantly begin great cash-flowing opportunity! New Roof installed in 2022 and systems are up-to-date in good conditions. Selling "As Is" Please, Do Not disturb tenant. No Showings until accepted offer. Owner Agent
Memphis Area Association of Realtors(R) MLS #3250640
Sep 27, 2012
Sold
$22,500
$16/sq ft
Jun 27, 2012
Listed
$26,000
$19/sq ft
+2
Offers 3 bedrooms, 1.5 baths, seperate living room, dining room & den. Has hardwood flooring thoughout except in the kitchen & den. Also has a maintenance free exterior with brick & vinyl siding. Located on a nice lot with a 1 car detached garage.
Public Records
Jan 13, 2005
Sold
$70,000
$51/sq ft
Memphis Area Association of Realtors(R) MLS #2575452
Oct 29, 2004
Sold
$70,000
$51/sq ft
Aug 1, 2004
Listed
$70,000
$51/sq ft
Public Records
Sep 25, 1992
Sold
$56,000
$41/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,103 (+8.2%)
$2,025 + $18,900
$20,925
2024
$1,019 (+8.1%)
$2,025 + $18,900
$20,925
2023
$943
$1,775 + $13,700
$15,475
2022
$943 (−1.2%)
$1,775 + $13,700
$15,475
2021
$954 (+29.7%)
$1,775 + $13,700
$15,475
2020
$735
$1,775 + $13,700
$15,475
2019
$735
$1,775 + $8,375
$10,150
2018
$735 (+76.3%)
$1,775 + $8,375
$10,150
2017
$417 (−4.1%)
$1,775 + $8,375
$10,150
2016
$435
$1,775 + $8,375
$10,150
2014
$435
$1,775 + $8,200
$9,975
Tax history for 1521 Lookout Dr
Year
Property tax
Land + Additions
Assessment*
2025
$1,103 (+8.2%)
$2,025 + $18,900
$20,925
2024
$1,019 (+8.1%)
$2,025 + $18,900
$20,925
2023
$943
$1,775 + $13,700
$15,475
2022
$943 (−1.2%)
$1,775 + $13,700
$15,475
2021
$954 (+29.7%)
$1,775 + $13,700
$15,475
2020
$735
$1,775 + $13,700
$15,475
2019
$735
$1,775 + $8,375
$10,150
2018
$735 (+76.3%)
$1,775 + $8,375
$10,150
2017
$417 (−4.1%)
$1,775 + $8,375
$10,150
2016
$435
$1,775 + $8,375
$10,150
2014
$435
$1,775 + $8,200
$9,975
*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
3
Baths
1
Stories
1
Lot width
100 ft.
Lot depth
200 ft.
Lot size
0.46 Acres
Year renovated
—
Sq. Ft.
1,375
Year built
1952
Style
Single Family Residential
County
Shelby County
APN
070037 00006
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-10
Residential Single-Family-10 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. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 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 electrical
Work on an electrical panel.
Electrical
Oct 7, 2020 • Final
Residential mechanical
Perform a gas air pressure test for a residential building.
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.
Property details
Parking
Parking Information
Covered Spaces: 1
Parking Total: 1
Parking Features: Detached, Parking Pad
Garage Spaces: 1
Has Garage
Interior
Bedroom Information
# of Bedrooms: 4
Bathroom Information
# of Full Baths (Total): 1
# of Half Baths (Total): 1
Laundry Room Information
Laundry Features: Washer Hookup
Heating & Cooling
Has Heating
Heating Information: Central
Has Cooling
Cooling Information: Central Air
Interior Features
Flooring: Wood, Tile
Exterior
Building Information
Roof: Shingle
Exterior Features
Patio And Porch Features: Porch
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: 0.45
Lot Size Units: Acres
Lot Size Acres: 0.45
Lot Size Dimensions: 100X200
Financial
Tax Information
Tax Annual Amount: $943
Location
Location Information
Directions: Turn onto Watkins St- Towards Frayser. Turn Left onto Signal St. Turn Left onto Lookout Dr. Property will be on your left
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,375
Stories: 1.0
Lot Size: 0.46 acres
Style: Single Family Residential
Year Built: 1952
Year Renovated: —
County: Shelby County
APN: 070037 00006
Home facts updated by county records on Jul 13, 2026
Other
Home Information
Living Area: 1375
Living Area Units: Square Feet
Living Area Source: Assessor
Building Area Total: 1375
Building Area Units: Square Feet
Building Area Source: Assessor
Year Built Details: Existing
Levels: Three Or More
Around this home
Schools
Whitney Elementary
Public PreK-5 • Assigned • 0.6mi
5/10
Grandview Heights Middle
Public 6-8 • Assigned • 1.5mi
4/10
Trezevant High School
Public 9-12 • Assigned • 2.2mi
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
17% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38127
Average low and high temperatures (°F)
46
29
56
37
70
50
76
58
78
62
87
71
92
76
90
69
87
66
77
55
65
48
53
38
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
$102,000 – $123,000
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