Great investment opportunity! This CASHFLOW property has been fully renovated and brought to 2018 standards! Target rent = $895 and professional property management is in place! This brick home features Hardwood floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Single-familyProperty Type
1952Year Built
8,276 sq ftLot Size
$161Est. Price/Sq.Ft.
Listed by James Wachob• Reedy & Company, REALTORS
Listed by Sean Tagge• Reedy & Company, REALTORS
Bought with James Wachob• Reedy & Company, REALTORS
Memphis Area Association of Realtors(R) MLS #10021519
May 9, 2018
Sold
$94,900
$95/sq ft
Mar 2, 2018
Listed
$94,900
$95/sq ft
Public Records
Jan 26, 2018
Sold
$63,000
$63/sq ft
Memphis Area Association of Realtors(R) MLS #9934657
Jan 9, 2015
Sold
$55,000
$55/sq ft
Dec 11, 2014
Listed
$58,000
$58/sq ft
+10
Very Well Maintained 3BR House in Colonial Acres~Spacious Living Room/Dining Room Combo~Nice Kitchen with Plenty of Counter Top Space and Cabinet Space~Separate Laundry Room~Beautiful Hardwood Floors Throughout~New Paint Throughout~Large Fenced in Backyard~AND MORE!!
Memphis Area Association of Realtors(R) MLS #3218326
May 24, 2011
Sold
$47,500
$48/sq ft
Mar 1, 2011
Listed
$55,000
$55/sq ft
+1
Very well maintained home. Three bedrms, one full bath. Hdwd floors in bedrms, carpet in living/dining. Nice size kitchen, has separate laundry room.
Memphis Area Association of Realtors(R) MLS #9912532
Aug 20, 1999
Sold
$60,000
$60/sq ft
Jul 5, 1999
Listed
$63,000
$63/sq ft
Public Records
Jan 8, 1998
Sold
$47,000
$47/sq ft
Public Records
Apr 9, 1997
Sold
$52,000
$52/sq ft
Public Records
Aug 29, 1991
Sold
$56,500
$57/sq ft
Public Records
May 17, 1972
Sold
$16,436
$16/sq ft
Public Records
May 29, 1967
Sold
$13,000
$13/sq ft
Public Records
Mar 6, 1963
Sold
$11,200
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,054 (−6.3%)
$8,000 + $30,975
$38,975
2024
$2,193 (+8.1%)
$8,000 + $30,975
$38,975
2023
$2,029
$4,425 + $28,875
$33,300
2022
$2,029 (−1.2%)
$4,425 + $28,875
$33,300
2021
$2,052 (+25.9%)
$4,425 + $28,875
$33,300
2020
$1,630
$4,425 + $28,875
$33,300
2019
$1,630 (+68.5%)
$4,425 + $18,075
$22,500
2018
$967 (+76.3%)
$4,425 + $18,075
$22,500
2017
$549 (+0.5%)
$4,425 + $8,925
$13,350
2016
$546
$4,425 + $8,925
$13,350
2014
$546
$5,650 + $10,025
$15,675
Tax history for 1615 Gilson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,054 (−6.3%)
$8,000 + $30,975
$38,975
2024
$2,193 (+8.1%)
$8,000 + $30,975
$38,975
2023
$2,029
$4,425 + $28,875
$33,300
2022
$2,029 (−1.2%)
$4,425 + $28,875
$33,300
2021
$2,052 (+25.9%)
$4,425 + $28,875
$33,300
2020
$1,630
$4,425 + $28,875
$33,300
2019
$1,630 (+68.5%)
$4,425 + $18,075
$22,500
2018
$967 (+76.3%)
$4,425 + $18,075
$22,500
2017
$549 (+0.5%)
$4,425 + $8,925
$13,350
2016
$546
$4,425 + $8,925
$13,350
2014
$546
$5,650 + $10,025
$15,675
*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
Beds
3
Baths
1
Stories
1
Lot width
60 ft.
Lot depth
139 ft.
Lot size
8,340 Sq. Ft.
Year renovated
1985
Sq. Ft.
1,036
Year built
1952
Style
Single Family Residential
County
Shelby County
APN
066003 00007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 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
Property details
Parking
Parking Information
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 6
# 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: Eat-In Kitchen
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wood Fence
Exterior/Windows: Brick Veneer
Land Information
Acreage: 0.19
Lot Information
Parcel ID: 066003 00007
Lot #: 8
Lot Size: 60X139 / 0.19
Lot Description: Some Trees
Area: 759E
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1000-1199
Year Built: 1952
Financial
Tax Information
Annual City Tax: $425
Annual County Tax: $546
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Attached Unit Type: First Floor Flat
Location Details
Directions: Head west on Summer Ave toward Cadraca Dr Turn left onto N Perkins Rd Continue onto Perkins Extd Turn right onto Park Ave Turn left onto Cherry Rd Turn left onto Boyce Rd Turn right onto Gilson Rd
MAAR Subdivision Name: COLONIAL ACRES
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,036
Stories: 1.0
Lot Size: 8,340 square feet
Style: Single Family Residential
Year Built: 1952
Year Renovated: 1985
County: Shelby County
APN: 066003 00007
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Willow Oaks Elementary School
Public PreK-5 • Assigned • 0.2mi
6/10
Colonial Middle School
Public 6-8 • Assigned • 1.0mi
6/10
Overton High School
Public 9-12 • Assigned • 0.7mi
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
18% 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
$153,000 – $185,000
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