OFF MARKET

Off market feb 2025 for $89K

$96,735

Est. refi paymentEst. refi $651/mo

•

View

sq ft

1640 Russwood Rd, Memphis, TN 38108

About this home

Price Improvement! Updated home with tenant on two-year lease paying $795 a month in year 1 and $850 in year 2. New roof, sewer inspected, updated kitchen, bathroom and Vinyl plank flooring. Our repairs and updates make this a great investment property to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? Will take them "as is". Call listing agent for details. Do not disturb tenants. All showings granted upon accepted offer.

Single-familyProperty Type

1952Year Built

7,840 sq ftLot Size

Listed by Andrew Akins • CB Properties of Memphis, LLC

Bought with Andrew Akins • CB Properties of Memphis, LLC

Redfin checked: a minute ago

•Source:Memphis Area Association of Realtors(R) MLS #10187495

Redfin Estimate

$96,735

$6,835 since sold in February 2025$5,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5% higher than the average sale price ($92K) of 6 comparable homes.

SOLD JUL 15, 2026
$72,000
A
2 beds1 bath— sq ft
4338 Deborah Ave, Memphis, TN 38108
SOLD AUG 12, 2026
$75,000
B
2 beds1 bath— sq ft
4072 Grey Rd, Memphis, TN 38108
SOLD AUG 14, 2026
$125,000
C
2 beds1 bath773 sq ft
4374 Shelbourne Dr, Memphis, TN 38108
Listing provided by realtracs
SOLD SEP 18, 2026
$76,000
D
2 beds1 bath— sq ft
1596 Russwood Rd, Memphis, TN 38108
SOLD JUL 30, 2026
$75,000
E
2 beds1 bath— sq ft
1630 N Graham St, Memphis, TN 38108
SOLD JUN 4, 2026
$129,900
F
2 beds1 bath— sq ft
4064 Reed Ave, Memphis, TN 38108

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Earn from this home

Refinance

Est. cash available

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Rent

$856/mo

Redfin rental estimate

List your home for rent

Market trends in 38108, TN

Last updated October 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

92.8%

+1.4% MoM

Median sale price

$80,976

$14K MoM

Avg. days on market

55d

11 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 21 HRS AGO
$104,900
3 beds1 bath— sq ft
1639 Orr St, Memphis, TN 38108
NEW 25 HRS AGO
$60,000
2 beds1 bath— sq ft
1456 N Hollywood Ave, Memphis, TN 38108
NEW 31 HRS AGO
$189,900
4 beds1 bath— sq ft
1905 N Graham St, Memphis, TN 38108
FOR SALE BY OWNER
$22,000
2 beds1 bath832 sq ft
2139 Lyon Ave, Memphis, TN 38108
$148,000
2 beds2 baths— sq ft
2428 Vollintine Ave, Memphis, TN 38108
$60,000
2 beds1 bath— sq ft
1752 Eldridge Ave, Memphis, TN 38108
FOR SALE BY OWNER
$36,900
2 beds1 bath696 sq ft
1386 Lambert St, Memphis, TN 38108
$21,300
3 beds1 bath— sq ft
2351 Marble Ave, Memphis, TN 38108
$145,000
4 beds2 baths— sq ft
1612 May St, Memphis, TN 38108
See all

Provided by Redfin

Sale history for 1640 Russwood Rd

Date

Event

Price

APPFOLIO #1

Jan 11, 2026

Rental Removed

$825

Dec 18, 2025

Price Changed

$825

Nov 26, 2025

Price Changed

$850

Oct 4, 2025

Listed for Rent

$875

Memphis Area Association of Realtors(R) MLS #10187495

Feb 25, 2025

Sold

$89,900

Jan 28, 2025

Price Changed

$92,900

Jan 17, 2025

Price Changed

$95,900

Jan 3, 2025

Listed

$99,900

Public Records

Jul 17, 2024

Sold

$300,000

Memphis Area Association of Realtors(R) MLS #2598935

Apr 29, 2005

Sold

$22,000

Apr 1, 2005

Listed

$22,000

Public Records

Dec 9, 1994

Sold

$37,000

Year

Property tax

Land + Additions

Assessment*

2025

$945 (+62.1%)

$4,000 + $13,925

$17,925

2024

$583 (+8.1%)

$4,000 + $13,925

$17,925

2023

$539

$1,475 + $7,375

$8,850

2022

$539 (−1.2%)

$1,475 + $7,375

$8,850

2021

$545 (+12.8%)

$1,475 + $7,375

$8,850

2020

$484

$1,475 + $7,375

$8,850

2019

$484

$1,475 + $5,200

$6,675

2018

$484 (+76.3%)

$1,475 + $5,200

$6,675

2017

$274 (−6.7%)

$1,475 + $5,200

$6,675

2016

$294

$1,475 + $5,200

$6,675

2014

$294

$1,475 + $5,275

$6,750

Tax history for 1640 Russwood Rd

Year

Property tax

Land + Additions

Assessment*

2025

$945 (+62.1%)

$4,000 + $13,925

$17,925

2024

$583 (+8.1%)

$4,000 + $13,925

$17,925

2023

$539

$1,475 + $7,375

$8,850

2022

$539 (−1.2%)

$1,475 + $7,375

$8,850

2021

$545 (+12.8%)

$1,475 + $7,375

$8,850

2020

$484

$1,475 + $7,375

$8,850

2019

$484

$1,475 + $5,200

$6,675

2018

$484 (+76.3%)

$1,475 + $5,200

$6,675

2017

$274 (−6.7%)

$1,475 + $5,200

$6,675

2016

$294

$1,475 + $5,200

$6,675

2014

$294

$1,475 + $5,275

$6,750

*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

Baths

Stories

Lot width

55 ft.

Lot depth

150 ft.

Lot size

8,571 Sq. Ft.

Year renovated

—

Sq. Ft.

748

Year built

1953

Style

Single Family Residential

County

Shelby County

APN

053087 00027

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 23, 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

May 31, 2023 • Final

Residential alteration

Repair a house that was damaged by flooding from a burst pipe. The interior has been gutted to the studs and the electrical system has been rewired and inspected. No plumbing or mechanical work is included at this time.

Remodel

May 26, 2023 • Final

Residential electrical

Perform a complete electrical rewire of the 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 (Lower): 2
# of Bedrooms: 2
# of Bedrooms: 2
# of Bedrooms Down: 2
Master Bedroom Dimensions: 10 x 14
Master Bedroom Dimensions: 10 x 14

Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1

Interior Features
# of Rooms: 4
# of Stories: 1
Floors/Ceilings: Part Hardwood

Room Information
Living Room Dimensions: 12 x 11
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 12x11
Living/Dining/Kitchen: Other (See Remarks)
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down

Exterior

Exterior Features
Pool Description: None
Miscellaneous Exterior: Porch
Exterior/Windows: Brick Veneer

Land Information
Acreage: 0.18

Lot Information
Parcel ID: 053087 00027
Lot #: 94
Lot Size: 55X150
Lot Description: Level
Area: 753A

Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Year Built: 1952

Financial

Tax Information
Annual City Tax: $239
Annual County Tax: $300

Financing
Buyer Contributions: 0

Utilities

Utility Information
Heating: Central
Cooling: Central

Location

Multi-Unit Information
Detached Unit Type: General Residential

Location Details
Directions: North Wells Station. Right to Russwood.
MAAR Subdivision Name: THRIFTHAVEN

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 748
Stories: 1.0
Lot Size: 8,571 square feet
Style: Single Family Residential
Year Built: 1953
Year Renovated: —
County: Shelby County
APN: 053087 00027

Home facts updated by county records on Oct 22, 2026

Around this home

Schools

K - 12
Preschool & daycare

Wells Station Elementary School

Public PreK-5 • Assigned • 0.1mi

7/10

Kingsbury Middle School

Public 6-8 • Assigned • 0.9mi

3/10

Kingsbury High School

Public 9-12 • Assigned • 1.0mi

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

13% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Memphis, TN • 38108

Average low and high temperatures (°F)

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 4.7 hours in December, placing it above the U.S. average for solar exposure.

10.5 hrs

4.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$88,000 – $106,000

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Home values near 1640 Russwood Rd

Data from public records.

Address	Redfin Estimate
1610 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| 936 Sq. Ft.	$95,919
1666 Russwood Rd, Memphis, TN 4 Beds \| 1 Baths \| 1047 Sq. Ft.	$94,825
1672 Russwood Rd, Memphis, TN 2 Beds \| 1 Baths \| 880 Sq. Ft.	$98,422
1650 Russwood Rd, Memphis, TN 2 Beds \| 1 Baths \| 1172 Sq. Ft.	$79,286
1628 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| 1000 Sq. Ft.	$91,406
1676 Russwood Rd, Memphis, TN 3 Beds \| 2 Baths \| 1390 Sq. Ft.	$117,707
4394 Reed Ave, Memphis, TN 3 Beds \| 1.5 Baths \| 1200 Sq. Ft.	$92,049

Address	Redfin Estimate
1607 Russwood Rd, Memphis, TN 2 Beds \| 1.5 Baths \| 1200 Sq. Ft.	$93,844
1618 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| - Sq. Ft.	$103,480
1649 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| 990 Sq. Ft.	$86,634
1662 Russwood Rd, Memphis, TN 2 Beds \| 1 Baths \| 1034 Sq. Ft.	$84,387
1622 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| 930 Sq. Ft.	$83,793
1604 Russwood Rd, Memphis, TN 2 Beds \| 1 Baths \| - Sq. Ft.	$90,953
4378 Melinda Ave, Memphis, TN 4 Beds \| 1.5 Baths \| 1600 Sq. Ft.	$115,715

Address	Redfin Estimate
1619 Russwood Rd, Memphis, TN 2 Beds \| 1 Baths \| - Sq. Ft.	$88,364
1644 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| - Sq. Ft.	$75,755
1611 Russwood Rd, Memphis, TN 2 Beds \| 1 Baths \| 940 Sq. Ft.	$85,339
1656 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| 930 Sq. Ft.	$120,633
1634 Russwood Rd, Memphis, TN 3 Beds \| 1 Baths \| 935 Sq. Ft.	$90,760
1596 Russwood Rd, Memphis, TN 2 Beds \| 1 Baths \| - Sq. Ft.	$88,405
4395 Reed Ave, Memphis, TN 3 Beds \| 1 Baths \| 990 Sq. Ft.	$141,448

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About this home

Redfin Estimate

Earn from this home

Market trends in 38108, TN

Sale history for 1640 Russwood Rd

Tax history for 1640 Russwood Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 38108

Home values near 1640 Russwood Rd

More real estate resources