East Memphis renovation opportunity with tons of potential! Located in the sought-after 38117 area, this 4-bedroom, 2-bath brick home is ready for someone with the vision to bring it back to life. The home offers a flexible layout, hardwood flooring, fireplace, carport, and a nice-sized lot, providing a strong starting point for a renovation. Whether you re looking for your next investment project or a home you can customize from the ground up, this property offers an exciting opportunity in an established neighborhood. Bring your ideas and unlock the potential at 1862 Dearing!
Colonial Willow, located between East Parkway South and Southern Avenue, is a residential and historic Memphis neighborhood with curving streets and mature tree canopy. Around the Southern Ave & East Parkway S junction, the scene shifts to a steady rhythm of campus foot traffic, coffee counters, and small eateries. Brick cottages and mid-century ranch homes sit behind deep lawns, giving the blocks a calm, lived-in feel. The University of Memphis frames the area with lectures, performances, and game-day energy. Dixon Gallery & Gardens adds a quiet cultural counterpoint with art-filled rooms and landscaped paths. Daily routines often orbit Park Avenue’s local storefronts and the neighborhood’s pocket parks.
Provided by Walk Score and Local Logic
Offer insights
1862 S Dearing Rd · $159,900
$160K and above
75% chance or better to win
Why $160K+ is a strong offer
DAYS ON MARKET
58 days
The average home goes pending in 48 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
7 total rooms
1.5 stories
Part hardwood flooring
Separate living room and eat-in kitchen
One or more bedrooms on the lower level with a full bathroom on the lower level
Bedrooms
4 bedrooms total
2 bedrooms on the lower level
Bathrooms
2 full bathrooms
Kitchen
Eat-in kitchen
Flooring
Part hardwood
Heating & cooling
Central cooling
Heating listed as: other (see remarks)
Exterior features
Patio
Chain link fence
Some trees
Brick veneer exterior
No pool
Home design
Detached single family home
Traditional style
Built in 1962
Parking
1 covered parking space
Driveway/pad parking
Construction
Brick veneer construction
Existing property
Utilities
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10228119
Sep 14, 2026
Price Changed
$159,900
Aug 10, 2026
Listed
$174,900
Memphis Area Association of Realtors(R) MLS #2
May 15, 2025
Price Changed
$203,000
Memphis Area Association of Realtors(R) MLS #1
May 29, 2024
Price Changed
$240,000
Public Records
Jul 22, 2021
Sold
$114,700
Public Records
Apr 1, 1965
Sold
$17,800
Year
Property tax
Land + Additions
Assessment*
2025
$2,128 (−7.1%)
$8,000 + $32,375
$40,375
2024
$2,292 (+8.1%)
$8,000 + $32,375
$40,375
2023
$2,120
$4,425 + $30,375
$34,800
2022
$2,120 (−1.2%)
$4,425 + $30,375
$34,800
2021
$2,145 (+24.8%)
$4,425 + $30,375
$34,800
2020
$1,719
$4,425 + $30,375
$34,800
2019
$1,719
$4,425 + $19,300
$23,725
2018
$1,719 (+76.3%)
$4,425 + $19,300
$23,725
2017
$975 (+17.2%)
$4,425 + $19,300
$23,725
2016
$832
$4,425 + $19,300
$23,725
2014
$832
$5,650 + $13,400
$19,050
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1.5
Lot width
60 ft.
Lot depth
120 ft.
Lot size
7,200 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,680
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,680
Year built
1962
Style
Single Family Residential
County
Shelby County
APN
066014 00032
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
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being 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
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
92
77
90
71
88
68
78
57
66
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 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
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1862 S Dearing Rd
$154,539
$5,361 under list price of $160K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $115K to $217K.