Awesome Investment opportunity! The property has been vacant for roughly 4 months. Average rents for this market are $690/month with the median rents at $695/month per rentometer. Take your contractor and team to price out renovations. Property priced to sell fast. Don't wait, seller motivated!
Memphis Area Association of Realtors(R) MLS #10112730
Dec 2, 2021
Sold
$29,000
Nov 15, 2021
Listed
$25,675
Year
Property tax
Land + Additions
Assessment*
2025
$510 (+10.2%)
$2,575 + $7,100
$9,675
2024
$463 (+8.1%)
$2,575 + $7,100
$9,675
2023
$428
$1,975 + $5,050
$7,025
2022
$428 (−1.2%)
$1,975 + $5,050
$7,025
2021
$433 (−14.9%)
$1,975 + $5,050
$7,025
2020
$509 (−8.9%)
$1,975 + $5,050
$7,025
2019
$559 (+9.8%)
$1,975 + $5,050
$7,025
2018
$509 (+76.3%)
$1,975 + $5,050
$7,025
2017
$289 (+9.0%)
$1,975 + $5,050
$7,025
2016
$265
$1,975 + $5,050
$7,025
2014
$265
$1,975 + $4,100
$6,075
Tax history for 1603 Ragan St
Year
Property tax
Land + Additions
Assessment*
2025
$510 (+10.2%)
$2,575 + $7,100
$9,675
2024
$463 (+8.1%)
$2,575 + $7,100
$9,675
2023
$428
$1,975 + $5,050
$7,025
2022
$428 (−1.2%)
$1,975 + $5,050
$7,025
2021
$433 (−14.9%)
$1,975 + $5,050
$7,025
2020
$509 (−8.9%)
$1,975 + $5,050
$7,025
2019
$559 (+9.8%)
$1,975 + $5,050
$7,025
2018
$509 (+76.3%)
$1,975 + $5,050
$7,025
2017
$289 (+9.0%)
$1,975 + $5,050
$7,025
2016
$265
$1,975 + $5,050
$7,025
2014
$265
$1,975 + $4,100
$6,075
*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
50 ft.
Lot depth
287 ft.
Lot size
14,810
Year renovated
2025
Sq. Ft.
918
Year built
1946
Style
Single Family Residential
County
Shelby County
APN
048030 00036
Parking Spaces
0
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Jun 12, 2025.
RU-1
Residential Urban-1 District
Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Mar 10, 2026 • Final
Residential alteration
Replace damaged wood with new wall framing. Upgrade the bathroom with new tile and a vanity. Restructure the kitchen layout to improve movement.
Bathroom
Kitchen
Remodel
Mar 1, 2023 • Final
Residential electrical
Rewire a residential building.
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/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms: 2
# of Bedrooms: 2
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 5
# of Stories: 1
Floors/Ceilings: Tile
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Separate Living Room, Separate Den
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: On-Site Storage
Exterior/Windows: Aluminum Window(s)
Land Information
Acreage: 0.34
Lot Information
Parcel ID: 048030 00036
Lot #: 12
Lot Size: 50X287
Lot Description: Other (See Remarks)
Area: 748A
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 0-999
Year Built: 1946
Financial
Tax Information
Annual City Tax: $225
Annual County Tax: $285
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: Head north on I-240 N/I-69, then Take exit 28A for S Parkway East, then Merge onto Cummings St, Turn right onto S Pkwy E, Turn right onto Ragan St, the destination will be on the right
MAAR Subdivision Name: DIXIE HEIGHTS (EAST)
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 918
Stories: 1.0
Parking Spaces: 0
Basement: No
Accessible: No
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1946
Year Renovated: 2025
County: Shelby County
APN: 048030 00036
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Jun 12, 2025
Around this home
Schools
Hamilton High School
Public 9-12 • Assigned • 0.4mi
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 108° expected this year, 21 days in 30 years
4/10 Wind Factor
16% 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
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.6 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
$31,000 – $37,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2021. This data may not show owner updates. Learn more.