OFF MARKET

Off market dec 2023 for $115K

$120,121

Est. refi paymentEst. refi $220/mo

•

837

sq ft

2720 Merle St, Memphis, TN 38118

About this home

Completely renovated home with resident moving in on a 2-year lease at $940 in year 1 and $990 in year 2. New roof, updated kitchen, bathroom & vinyl plank flooring. HVAC in new as well. Our repairs & updates make this a great investment home to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? We are always looking to buy homes "as is" without inspection and will pay cash. Call listing agent for details.

Single-familyProperty Type

1955Year Built

6,969 sq ftLot Size

$144Est. Price/Sq.Ft.

1 spaceParking

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 #10162710

$125,226

Updated May 24, 2026

Based on recent home sales selected by the homeowner.

SOLD MAR 5, 2026
4168 Cochese Ave, Memphis, TN 38118
$75,000 Last sold price
A
3 beds1 bath1,047 sq ft
4168 Cochese Ave, Memphis, TN 38118
SOLD FEB 13, 2026
4173 Cottonwood Rd, Memphis, TN 38118
$106,500 Last sold price
B
3 beds1 bath— sq ft
4173 Cottonwood Rd, Memphis, TN 38118
SOLD OCT 17, 2025
3645 Hendricks Cv, Memphis, TN 38111
$124,000 Last sold price
C
3 beds1 bath1,000 sq ft
3645 Hendricks Cv, Memphis, TN 38111
SOLD AUG 26, 2025
1727 Merrycrest Dr, Memphis, TN 38111
$128,900 Last sold price
D
3 beds1 bath875 sq ft
1727 Merrycrest Dr, Memphis, TN 38111
SOLD AUG 27, 2025
4018 Fizer Rd, Memphis, TN 38111
$125,000 Last sold price
E
3 beds1 bath— sq ft
4018 Fizer Rd, Memphis, TN 38111

Redfin Estimate

$120,121

$4,221 since sold in December 2023$1,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 27.5% higher than the average sale price ($94K) of 5 comparable homes.

SOLD SEP 30, 2026
$85,000
A
3 beds1 bath1,039 sq ft
2792 Jolson Ave, Memphis, TN 38114
Listing provided by realtracs
SOLD AUG 7, 2026
$95,000
B
3 beds1 bath— sq ft
2860 Getwell Rd, Memphis, TN 38118
SOLD JUN 12, 2026
$75,000
C
3 beds1 bath1,453 sq ft
1511 Elkwood St, Memphis, TN 38111
SOLD SEP 11, 2026
$81,000
D
3 beds2 baths— sq ft
2747 Merle St, Memphis, TN 38118
SOLD SEP 9, 2026
$135,000
E
3 beds2 baths993 sq ft
1557 Hope St, Memphis, TN 38111
Listing provided by realtracs

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

$1,089/mo

Redfin rental estimate

List your home for rent

Market trends in 38118, TN

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

95.7%

1.6% MoM

Median sale price

$127K

$3K MoM

Avg. days on market

36d

3 days MoM

Recently sold homes

4 MoM

New listings for sale

$75,000
2 beds1.5 baths— sq ft
4733 Queens Lace Ct #59, Memphis, TN 38118
$39,900
3 beds1.5 baths— sq ft
5022 Harrington Ave, Memphis, TN 38118
$139,000
4 beds3 baths— sq ft
3926 E Christine Gardens Rd, Memphis, TN 38118
$133,100
3 beds2 baths— sq ft
3083 Arrendale St, Memphis, TN 38118-0000
$140,500
3 beds2 baths— sq ft
5221 Judy Lynn Ave, Memphis, TN 38118
$113,000
3 beds1.5 baths— sq ft
2767 Cochese Cv, Memphis, TN 38118
$95,000
3 beds1 bath— sq ft
3227 Southbridge St, Memphis, TN 38118
$130,000
4 beds2.5 baths— sq ft
4956 Cottonwood Ave, Memphis, TN 38118
$90,000
3 beds1 bath— sq ft
3739 Wickcliff Ln, Memphis, TN 38118
See all

Provided by Redfin

Sale history for 2720 Merle St

Date

Event

Price

APPFOLIO #2

Mar 29, 2026

Rental Removed

$995

$1/sq ft

Feb 13, 2026

Price Changed

$995

$1/sq ft

Feb 6, 2026

Listed for Rent

$935

$1/sq ft

Memphis Area Association of Realtors(R) MLS #10162710

Dec 8, 2023

Sold

$115,900

$138/sq ft

Sep 5, 2023

Listed

$115,900

$138/sq ft

PROPERTYWARE #1

Oct 15, 2023

Rental Removed

$935

$1/sq ft

Sep 22, 2023

Price Changed

$935

$1/sq ft

Sep 8, 2023

Price Changed

$940

$1/sq ft

Sep 2, 2023

Listed for Rent

$945

$1/sq ft

Public Records

Oct 26, 1989

Sold

$32,000

$38/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,377 (+4.3%)

$2,500 + $23,625

$26,125

2024

$1,320 (+157.3%)

$2,500 + $25,750

$28,250

2023

$513

$1,750 + $18,300

$20,050

2022

$513 (−1.2%)

$1,750 + $6,675

$8,425

2021

$519 (−17.6%)

$1,750 + $6,675

$8,425

2020

$630

$1,750 + $6,675

$8,425

2019

$630

$1,750 + $6,950

$8,700

2018

$630 (+76.3%)

$1,750 + $6,950

$8,700

2017

$358 (−8.3%)

$1,750 + $6,950

$8,700

2016

$390

$1,750 + $6,950

$8,700

2014

$390

$1,750 + $7,175

$8,925

Tax history for 2720 Merle St

Year

Property tax

Land + Additions

Assessment*

2025

$1,377 (+4.3%)

$2,500 + $23,625

$26,125

2024

$1,320 (+157.3%)

$2,500 + $25,750

$28,250

2023

$513

$1,750 + $18,300

$20,050

2022

$513 (−1.2%)

$1,750 + $6,675

$8,425

2021

$519 (−17.6%)

$1,750 + $6,675

$8,425

2020

$630

$1,750 + $6,675

$8,425

2019

$630

$1,750 + $6,950

$8,700

2018

$630 (+76.3%)

$1,750 + $6,950

$8,700

2017

$358 (−8.3%)

$1,750 + $6,950

$8,700

2016

$390

$1,750 + $6,950

$8,700

2014

$390

$1,750 + $7,175

$8,925

*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

59 ft.

Lot depth

125 ft.

Lot size

6,969

Year renovated

2023

Sq. Ft.

837

Year built

1955

Style

Single Family Residential

County

Shelby County

APN

073020 00024

Parking Spaces

Basement

Accessible

HOA Dues

—

Garage

Features

—

Last updated by owner on Dec 15, 2023.

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
# of Covered Parking Spaces: 1
Parking/Storage: Driveway/Pad

Interior

Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions: 14 x 12
Master Bedroom Dimensions: 14 x 12

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

Interior Features
# of Rooms: 5
# of Stories: 1
Floors/Ceilings: Hardwood Throughout

Room Information
Living Room Dimensions: 12 x 14
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 12x14
Living/Dining/Kitchen: Updated/Renovated Kitchen
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: 0.16

Lot Information
Parcel ID: 073020 00024
Lot #: 14
Lot Size: 59X125
Lot Description: Level
Area: 771A

Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Year Built: 1955

Financial

Tax Information
Annual City Tax: $228
Annual County Tax: $286

Financing
Buyer Contributions: 0

Utilities

Utility Information
Heating: Central
Cooling: Central

Location

Multi-Unit Information
Detached Unit Type: General Residential

Location Details
Directions: Take I 240 to Lamar Exit. South on Lamar. Left on Pearson. Left on Merle.
MAAR Subdivision Name: LAMAR VIEW

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 837
Stories: 1.0
Parking Spaces: 1
Basement: No
Accessible: No
Lot Size: 6,969 square feet
Style: Single Family Residential
Year Built: 1955
Year Renovated: 2023
County: Shelby County
APN: 073020 00024
HOA Dues: —
Garage: No
Features: —

Home facts updated by owner on Dec 15, 2023

Around this home

Schools

Getwell Elementary School

Public PreK-5 • Assigned • 0.6mi

4/10

American Way Middle School

Public 6-8 • Assigned • 0.5mi

6/10

Sheffield High School

Public 9-12 • Assigned • 1.7mi

4/10

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

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 • 38118

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

$115,000 – $139,000

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

Nearby similar homes

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Community pool • Built 1974 • Listed 4 days

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3 beds1.5 baths— sq ft

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4 beds3 baths— sq ft

3926 E Christine Gardens Rd, Memphis, TN 38118

0.23 acre lot • Garage • Built 1978

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3 beds2 baths— sq ft

3083 Arrendale St, Memphis, TN 38118-0000

0.24 acre lot • 2 parking spots • Built 1960

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3 beds2 baths— sq ft

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3 beds1.5 baths— sq ft

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Single-story • All-brick • Mid-century ranch

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3 beds1 bath— sq ft

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4 beds2.5 baths— sq ft

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Corner lot • Roof replaced • Gas furnace replaced

$90,000

3 beds1 bath— sq ft

3739 Wickcliff Ln, Memphis, TN 38118

0.23 acre lot • Parking • Built 1952

Home values near 2720 Merle St

Data from public records.

Address	Redfin Estimate
2696 Merle Street, Memphis, TN 3 Beds \| 1 Baths \| - Sq. Ft.	$47,385
2750 Merle Street, Memphis, TN 3 Beds \| 1 Baths \| - Sq. Ft.	$80,745

Address	Redfin Estimate
2738 Merle Street, Memphis, TN 2 Beds \| 1 Baths \| - Sq. Ft.	$69,406
2699 Merle Street, Memphis, TN 2 Beds \| 1 Baths \| - Sq. Ft.	$71,301

Address	Redfin Estimate
2708 Merle Street, Memphis, TN 3 Beds \| 1 Baths \| 1200 Sq. Ft.	$92,323
2723 Merle Street, Memphis, TN 3 Beds \| 1 Baths \| 888 Sq. Ft.	$73,096

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 38118, TN

Sale history for 2720 Merle St

Tax history for 2720 Merle St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 38118

Home values near 2720 Merle St

More real estate resources