South Third & Parkway, located between Martin Luther King Jr. Avenue and Southern Avenue, is a historic and residential Memphis neighborhood with a parkway greensward and a legacy of early-20th-century streetscapes. The neighborhood’s character concentrates at the South Parkway East and South Third Street junction, where corner storefronts, takeout counters, and long-view boulevards set a steady, street-level rhythm. The National Civil Rights Museum at the Lorraine Motel, Earnestine & Hazel’s, and Central BBQ serve as cultural and culinary pillars nearby. Brick cottages and modest bungalows line blocks that open toward the broad lawns of Martin Luther King Jr. Riverside Park. Sidewalks and mature trees frame a grounded, lived-in atmosphere. Downtown landmarks sit to the north, while the parkway system shapes daily routes.
Provided by Walk Score and Local Logic
Offer insights
1541 Patton St · $85,000
$85.03K and above
75% chance or better to win
Why $85.03K+ is a strong offer
DAYS ON MARKET
211 days
The average home goes pending in 47 days.
SALE-TO-LIST
97.1%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Six total rooms
Single-story home
All bedrooms located on the main/lower level
Ceilings/floors listed as 'Other (See Remarks)'
Bedrooms
Three bedrooms (all on the lower/main level)
Bathrooms
Two full bathrooms
Heating & cooling
Central heating
Central cooling
Exterior features
Wrought-iron security doors
Front porch
Some trees on the lot
Home design
Detached single-family bungalow
Built in 1953
Parking
Street parking only
Construction
Wood/composition exterior/windows
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10215127
Sep 20, 2026
Price Changed
$85,000
Jul 14, 2026
Price Changed
$80,000
Jul 13, 2026
Price Changed
$95,000
Apr 3, 2026
Price Changed
$95,000
Feb 20, 2026
Listed
$105,000
MMLS #10217792
Aug 15, 2026
Rental Removed
$1,200
Mar 27, 2026
Listed for Rent
$1,200
Public Records
Apr 17, 2023
Sold
$65,000
Public Records
Jul 26, 2022
Sold
$105,000
Public Records
Jul 26, 2022
Sold
$55,000
Public Records
Oct 25, 1991
Sold
$33,500
Public Records
May 10, 1988
Sold
$140,000
Year
Property tax
Land + Additions
Assessment*
2025
$867 (+202.7%)
$900 + $15,550
$16,450
2024
$286 (+8.1%)
$900 + $15,550
$16,450
2023
$265
$750 + $3,600
$4,350
2022
$265 (−1.2%)
$750 + $3,600
$4,350
2021
$268 (+2.1%)
$750 + $3,600
$4,350
2020
$263
$750 + $3,600
$4,350
2019
$263
$750 + $2,875
$3,625
2018
$263 (+76.3%)
$750 + $2,875
$3,625
2017
$149 (−11.8%)
$750 + $2,875
$3,625
2016
$169
$750 + $2,875
$3,625
2014
$169
$750 + $3,125
$3,875
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
36 ft.
Lot depth
90 ft.
Lot size
3,240 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,008
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,008
Year built
1953
Style
Single Family Residential
County
Shelby County
APN
035100 00005
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 electrical
Remove and replace the electrical service and meter.
Electrical
Electric meter
Oct 7, 2020 • Final
Residential mechanical
Replace the water heater and perform a mechanical plumbing air test.
HVAC
Plumbing
Water heater
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.
Climate risks
6/10 Flood Factor
Estimated 71-79% chance 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
17% 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 • 38106
Average low and high temperatures (°F)
46
30
56
38
70
50
76
58
78
63
87
72
92
77
89
71
87
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1541 Patton St
$74,963
$10K under list price of $85K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $50K to $130K.