Incredile home for first time homebuyer or investment? Look no further than this fully renovated 3 bedroom, 1 and a half bathroom property! With ample living space and a modern layout, this property is perfect for families, groups of friends, or anyone looking for a comfortable home. This property is truly turn-key and ready to move in right away. Don't miss out on this amazing opportunity to add a prime investment property to your portfolio. Schedule a showing today!
Memphis Area Association of Realtors(R) MLS #10143217
May 5, 2023
Sold
$115,000
$132/sq ft
Mar 6, 2023
Listed
$120,000
$138/sq ft
+7
Incredile home for first time homebuyer or investment? Look no further than this fully renovated 3 bedroom, 1 and a half bathroom property! With ample living space and a modern layout, this property is perfect for families, groups of friends, or anyone looking for a comfortable home. This property is truly turn-key and ready to move in right away. Don't miss out on this amazing opportunity to add a prime investment property to your portfolio. Schedule a showing today!
Memphis Area Association of Realtors(R) MLS #10117256
Feb 24, 2022
Sold
$89,900
$104/sq ft
Feb 10, 2022
Listed
$89,900
$104/sq ft
Attention investors! Check out this cash flowing investment opportunity. This property is already occupied and cash flowing for $800/Month with a lease expiring on 07/31/2022. Do not disturb the tenants; no inspections until under contract. Make your offer contingent upon your inspection.
Public Records
Mar 27, 2018
Sold
$63,900
$74/sq ft
Public Records
Dec 14, 1973
Sold
$15,000
$17/sq ft
Public Records
Aug 30, 1968
Sold
$11,100
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,689 (+34.8%)
$2,625 + $29,425
$32,050
2024
$1,253 (+114.2%)
$2,625 + $29,425
$32,050
2023
$585
$1,250 + $17,775
$19,025
2022
$585 (−1.2%)
$1,250 + $8,350
$9,600
2021
$592 (+11.9%)
$1,250 + $8,350
$9,600
2020
$529
$1,250 + $8,350
$9,600
2019
$529
$1,250 + $6,050
$7,300
2018
$529 (+76.3%)
$1,250 + $6,050
$7,300
2017
$300 (+3.5%)
$1,250 + $6,050
$7,300
2016
$290
$1,250 + $6,050
$7,300
2014
$290
$1,250 + $5,400
$6,650
Tax history for 1576 Railton Dr
Year
Property tax
Land + Additions
Assessment*
2025
$1,689 (+34.8%)
$2,625 + $29,425
$32,050
2024
$1,253 (+114.2%)
$2,625 + $29,425
$32,050
2023
$585
$1,250 + $17,775
$19,025
2022
$585 (−1.2%)
$1,250 + $8,350
$9,600
2021
$592 (+11.9%)
$1,250 + $8,350
$9,600
2020
$529
$1,250 + $8,350
$9,600
2019
$529
$1,250 + $6,050
$7,300
2018
$529 (+76.3%)
$1,250 + $6,050
$7,300
2017
$300 (+3.5%)
$1,250 + $6,050
$7,300
2016
$290
$1,250 + $6,050
$7,300
2014
$290
$1,250 + $5,400
$6,650
*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
1.5
Stories
1
Lot width
51 ft.
Lot depth
184 ft.
Lot size
9,384 Sq. Ft.
Year renovated
2005
Sq. Ft.
868
Year built
1953
Style
Single Family Residential
County
Shelby County
APN
059099 00021
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
Nov 19, 2019 • Active
Residential electrical
Install an electrical whip for a condenser unit.
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
Parking
Parking Information
Parking Total: 0
Parking Features: Parking Pad
Interior
Bedroom Information
# of Bedrooms: 3
Bathroom Information
# of Full Baths (Total): 1
# of Half Baths (Total): 1
Heating & Cooling
Has Heating
Heating Information: Other
Has Cooling
Cooling Information: Other
Interior Features
Flooring: Wood
Exterior
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: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Lot Size Dimensions: 51X184
Financial
Tax Information
Tax Annual Amount: $584
Location
Location Information
Directions: Head west on I-240 W Take exit 21 for Lamar Ave toward US-78 W Turn right onto Prescott Rd Turn left onto Parker Ave Parker Ave turns slightly right and becomes Railton Rd Destination will be on the right
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 868
Stories: 1.0
Lot Size: 9,384 square feet
Style: Single Family Residential
Year Built: 1953
Year Renovated: 2005
County: Shelby County
APN: 059099 00021
Home facts updated by county records on Oct 22, 2026
Other
Home Information
Living Area: 868
Living Area Units: Square Feet
Living Area Source: Assessor
Building Area Total: 868
Building Area Units: Square Feet
Building Area Source: Assessor
Year Built Details: Existing
Levels: Three Or More
Around this home
Schools
K - 12
Preschool & daycare
Cherokee Elementary School
Public PreK-5 • Assigned • 0.7mi
6/10
Sherwood Middle School
Public 6-8 • Assigned • 0.8mi
5/10
Melrose High School
Public 9-12 • Assigned • 1.5mi
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
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 • 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
$130,000 – $157,000
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