OFF MARKET

Off market nov 2024 for $194K

$199,678

Est. refi paymentEst. refi $1,350/mo

•

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sq ft

241 Montelo Rd, Memphis, TN 38120

About this home

Great Fixer Upper opportunity with equity. Minutes away from everything Memphis and and suburbs have to offer. East Memphis and Broad Ave dining and retail around the corner. 4 bedrooms and a huge basement that could be finished out for more living area. 3 backyard functioning storage rooms. Great school district with White Station Elementary around the corner. Investors welcome/ investor special.

Single-familyProperty Type

1955Year Built

8,712 sq ftLot Size

$125Est. Price/Sq.Ft.

Listed by Grant Moore • Enterprise, REALTORS

Bought with L. Bruce Milner • eXp Realty, LLC

Redfin checked: 2 minutes ago

•Source:Memphis Area Association of Realtors(R) MLS #10183475

Redfin Estimate

$199,678

$5,278 since sold in November 2024$9,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 25.9% lower than the average sale price ($269K) of 6 comparable homes.

SOLD SEP 9, 2026
$300,000
A
3 beds2 baths— sq ft
5676 Barfield Rd, Memphis, TN 38120
SOLD OCT 22, 2025
$200,000
B
4 beds2 baths1,600 sq ft
424 Malboro Rd, Memphis, TN 38120
SOLD OCT 5, 2026
$230,000
C
3 beds2 baths1,619 sq ft
203 N Yates Rd, Memphis, TN 38120
Listing provided by realtracs
SOLD JUN 11, 2026
$325,000
D
3 beds2 baths— sq ft
293 Betty Jo Ln, Memphis, TN 38117
SOLD JUL 22, 2026
$295,000
E
3 beds2 baths1,685 sq ft
330 N White Station Rd, Memphis, TN 38117
Listing provided by realtracs
SOLD SEP 18, 2026
$266,820
F
3 beds1.5 baths— sq ft
5572 Mason Rd, Memphis, TN 38120

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$2,027/mo

Redfin rental estimate

List your home for rent

Market trends in 38120, TN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

95.8%

0.8% MoM

Median sale price

$416K

$24K MoM

Avg. days on market

37d

6 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 33 HRS AGO
$825,000
5 beds4.5 baths— sq ft
151 S Yates Rd, Memphis, TN 38120
$224,900
3 beds1.5 baths— sq ft
307 Montelo Rd, Memphis, TN 38120
$369,900
3 beds2.5 baths— sq ft
400 Fountain Lake Dr, Memphis, TN 38120
$585,000
4 beds2.5 baths— sq ft
5889 Brierhaven Ave, Memphis, TN 38120
$425,000
3 beds3 baths— sq ft
41 E Yates Rd, Memphis, TN 38120
$445,000
3 beds2 baths— sq ft
507 Melody Ln, Memphis, TN 38120
$929,000
6 beds6 baths— sq ft
5594 Kings Pt, Memphis, TN 38120
$600,000
4 beds4 baths— sq ft
1041 Humphrey Oaks Cir, Memphis, TN 38120
$795,000
4 beds4 baths— sq ft
5961 Lake Tide Cv, Memphis, TN 38120
$440,000
4 beds3.5 baths3,634 sq ft
5680 N Angela Rd, Memphis, TN 38120
See all

Provided by Redfin

Sale history for 241 Montelo Rd

Date

Event

Price

MMLS #10201505

Sep 25, 2025

Rental Removed

$2,150

$1/sq ft

Jul 18, 2025

Listed for Rent

$2,150

$1/sq ft

APPFOLIO #1

Jul 3, 2025

Rental Removed

$2,175

$1/sq ft

Jun 20, 2025

Price Changed

$2,175

$1/sq ft

Jun 14, 2025

Listed for Rent

$2,195

$1/sq ft

Jun 3, 2025

Rental Removed

$2,199

$1/sq ft

May 24, 2025

Price Changed

$2,199

$1/sq ft

May 22, 2025

Price Changed

$2,225

$1/sq ft

May 10, 2025

Listed for Rent

$2,250

$1/sq ft

May 2, 2025

Rental Removed

$2,295

$1/sq ft

Apr 30, 2025

Price Changed

$2,295

$1/sq ft

Apr 23, 2025

Price Changed

$2,350

$1/sq ft

Apr 14, 2025

Listed for Rent

$2,395

$1/sq ft

RENT. #2

May 1, 2025

Rental Removed

$2,295

$1/sq ft

Apr 30, 2025

Listed for Rent

$2,295

$1/sq ft

Memphis Area Association of Realtors(R) MLS #10183475

Nov 27, 2024

Sold

$194,400

$122/sq ft

Oct 31, 2024

Price Changed

$210,000

$131/sq ft

Oct 17, 2024

Listed

$220,000

$138/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,131 (−10.2%)

$10,000 + $49,400

$59,400

2024

$3,485 (+8.1%)

$10,000 + $49,400

$59,400

2023

$3,224

$7,100 + $45,825

$52,925

2022

$3,224 (−1.2%)

$7,100 + $45,825

$52,925

2021

$3,262 (+21.5%)

$7,100 + $45,825

$52,925

2020

$2,685

$7,100 + $45,825

$52,925

2019

$2,685

$5,775 + $31,275

$37,050

2018

$2,685 (+76.3%)

$5,775 + $31,275

$37,050

2017

$1,523 (+12.4%)

$5,775 + $31,275

$37,050

2016

$1,355

$5,775 + $31,275

$37,050

2014

$1,355

$6,650 + $24,375

$31,025

Tax history for 241 Montelo Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,131 (−10.2%)

$10,000 + $49,400

$59,400

2024

$3,485 (+8.1%)

$10,000 + $49,400

$59,400

2023

$3,224

$7,100 + $45,825

$52,925

2022

$3,224 (−1.2%)

$7,100 + $45,825

$52,925

2021

$3,262 (+21.5%)

$7,100 + $45,825

$52,925

2020

$2,685

$7,100 + $45,825

$52,925

2019

$2,685

$5,775 + $31,275

$37,050

2018

$2,685 (+76.3%)

$5,775 + $31,275

$37,050

2017

$1,523 (+12.4%)

$5,775 + $31,275

$37,050

2016

$1,355

$5,775 + $31,275

$37,050

2014

$1,355

$6,650 + $24,375

$31,025

*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

Baths

Stories

Lot width

60 ft.

Lot depth

150 ft.

Lot size

9,000 Sq. Ft.

Year renovated

—

Sq. Ft.

1,763

Year built

1955

Style

Single Family Residential

County

Shelby County

APN

068055 00015

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

Property details

Parking

Parking Information
Parking/Storage: Driveway/Pad, Storage Room(s), Workshop(s)

Interior

Bedroom Information
# of Bedrooms (Lower): 4
# of Bedrooms: 4
# of Bedrooms: 4
# of Bedrooms Down: 4
Master Bedroom Dimensions: 14 x 13
Master Bedroom Dimensions: 14 x 13
Primary Bedroom: Full Bath, Level 1
Bedroom 2 Dimensions: 13 x 9
Bedroom 2 Dimensions: 13 x 9
Bedroom 2 Description: Hardwood Floor, Shared Bathroom, Level 1
Bedroom 3 Dimensions: 13 x 9
Bedroom 3 Dimensions: 13 x 9
Bedroom 3 Description: Hardwood Floor, Shared Bathroom, Level 1
Bedroom 4 Dimensions: 11 x 9
Bedroom 4 Description: Hardwood Floor, Shared Bathroom, Level 1

Bathroom Information
# of Baths (Full): 2
# of Bathrooms (Full): 2

Interior Features
# of Fireplaces: 1
# of Rooms: 7
# of Stories: 1
1st Story Floor Plan: 2nd Bedroom, 2+ Bathrooms, 3rd Bedroom, 4th Of More Bedrooms, Den/Great Room, Kitchen, Living Room, Master Bedroom
Interior Equipment: Range/Oven
Floors/Ceilings: Tile, Part Carpet, Part Hardwood, Textured Ceiling
Fireplace: In Den/Great Room

Room Information
Living Room Dimensions: 17 x 15
Dining Room Dimensions: -
Den/Great Room Dimensions: 17 x 11
Kitchen Dimensions: 13x7
Dining Room Dimensions: -
Living Room Dimensions: 17x15
Living/Dining/Kitchen: Separate Den, Separate Living Room
Den/Great Room Dimensions: 17x11
Unfinished Basement Dimension: 456sq
Other Rooms: Unfinished Basement
Additional Bedroom/Bathroom Info: All Bedrooms Down, Full Bathroom Down, Master Bedroom Down

Exterior

Exterior Features
Pool Description: None
Miscellaneous Exterior: Storage Building, Covered Patio, On-Site Storage, Chain Fence, Storage
Exterior/Windows: Brick Veneer
Foundation: Partial Basement
Roof: Composition Shingles

Land Information
Acreage: 0.2

Lot Information
Parcel ID: 068055 00015
Lot #: 90
Lot Size: 60X150
Lot Description: Chain Fenced
Area: 756B

Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1600-1799
Year Built: 1955

Financial

Tax Information
Annual City Tax: $1,430
Annual County Tax: $1,794

Financing
New Financing: Conventional
Buyer Contributions: 0

Utilities

Utility Information
Water & Sewer: Gas Water Heater, Public Sewer
Heating: Central
Cooling: Central

Location

Multi-Unit Information
Detached Unit Type: General Residential

Location Details
Directions: Take exit 13B for Walnut Grove Rd W Merge onto Walnut Grove Rd Turn right onto N Yates Rd Turn left onto Rich Rd Turn right onto Montelo Rd Destination will be on the left
MAAR Subdivision Name: MARY LOU HEIGHTS

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,763
Stories: 1.0
Lot Size: 9,000 square feet
Style: Single Family Residential
Year Built: 1955
Year Renovated: —
County: Shelby County
APN: 068055 00015

Home facts updated by county records on Oct 22, 2026

Around this home

Schools

Richland Elementary School

Public PreK-5 • Assigned • 0.2mi

9/10

White Station Middle School

Public 6-8 • Assigned • 0.2mi

8/10

White Station High School

Public 9-12 • Assigned • 2.1mi

8/10

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 110° 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 • 38120

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 4.8 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

$190,000 – $230,000

Sell confidently with a local market expert in Memphis. 3 minutes to get started.

Nearby similar homes

NEW 33 HRS AGO

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FOR SALE BY OWNER

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New listings for sale in 38120

NEW 33 HRS AGO

$825,000

5 beds4.5 baths— sq ft

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$224,900

3 beds1.5 baths— sq ft

307 Montelo Rd, Memphis, TN 38120

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3 beds2.5 baths— sq ft

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4 beds2.5 baths— sq ft

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3 beds3 baths— sq ft

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3 beds2 baths— sq ft

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6 beds6 baths— sq ft

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4 beds4 baths— sq ft

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Home values near 241 Montelo Rd

Data from public records.

Address	Redfin Estimate
238 Montelo Road, Memphis, TN 3 Beds \| 1.5 Baths \| 1222 Sq. Ft.	$210,575
265 Montelo Road, Memphis, TN 3 Beds \| 2 Baths \| 1093 Sq. Ft.	$234,137

Address	Redfin Estimate
253 Montelo Road, Memphis, TN 3 Beds \| 2 Baths \| 1200 Sq. Ft.	$210,597
235 Montelo Road, Memphis, TN 3 Beds \| 1 Baths \| 1271 Sq. Ft.	$185,831

Address	Redfin Estimate
223 Montelo Road, Memphis, TN 3 Beds \| 1.5 Baths \| 1400 Sq. Ft.	$270,739
247 Montelo Road, Memphis, TN 3 Beds \| 2 Baths \| 1477 Sq. Ft.	$216,897

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 38120, TN

Sale history for 241 Montelo Rd

Tax history for 241 Montelo Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 38120

Home values near 241 Montelo Rd

More real estate resources