Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $1325 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Single-familyProperty Type
1959Year Built
0.49 acresLot Size
$116Est. Price/Sq.Ft.
2 spacesParking
Listed by Jim Reedy• Reedy Group II, LLC
Bought with Bradley Reedy• Reedy Group II, LLC
Source:Memphis Area Association of Realtors(R) MLS #10087656
Redfin Estimate
$193,820
$19K since sold in May 2022$2,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 9.4% higher than the average sale price ($177K) of 6 comparable homes.
Memphis Area Association of Realtors(R) MLS #10087656
Dec 16, 2020
Sold
$154,900
$93/sq ft
Oct 25, 2020
Listed
$154,900
$93/sq ft
+7
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $1325 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Public Records
Mar 26, 1999
Sold
$77,900
$47/sq ft
Memphis Area Association of Realtors(R) MLS #9821856
Dec 7, 1998
Listed
$77,900
$47/sq ft
Public Records
Jan 24, 1968
Sold
$22,500
$13/sq ft
Public Records
Oct 28, 1964
Sold
$19,200
$12/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,306 (+19.5%)
$6,050 + $37,700
$43,750
2024
$1,930 (+8.1%)
$6,050 + $37,700
$43,750
2023
$1,785
$4,875 + $24,425
$29,300
2022
$1,785 (−1.2%)
$4,875 + $24,425
$29,300
2021
$1,806 (+26.5%)
$4,875 + $24,425
$29,300
2020
$1,427
$4,875 + $24,425
$29,300
2019
$1,427
$4,875 + $14,825
$19,700
2018
$1,427 (+76.3%)
$4,875 + $14,825
$19,700
2017
$810 (−0.7%)
$4,875 + $14,825
$19,700
2016
$815
$4,875 + $14,825
$19,700
2014
$815
$4,875 + $13,775
$18,650
Tax history for 2868 Bannockburn Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,306 (+19.5%)
$6,050 + $37,700
$43,750
2024
$1,930 (+8.1%)
$6,050 + $37,700
$43,750
2023
$1,785
$4,875 + $24,425
$29,300
2022
$1,785 (−1.2%)
$4,875 + $24,425
$29,300
2021
$1,806 (+26.5%)
$4,875 + $24,425
$29,300
2020
$1,427
$4,875 + $24,425
$29,300
2019
$1,427
$4,875 + $14,825
$19,700
2018
$1,427 (+76.3%)
$4,875 + $14,825
$19,700
2017
$810 (−0.7%)
$4,875 + $14,825
$19,700
2016
$815
$4,875 + $14,825
$19,700
2014
$815
$4,875 + $13,775
$18,650
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-10
Residential Single-Family-10 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. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 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
Interior
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Central
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Raised Ranch
Exterior Wall: Frame Brick
Roof Covering Type: Composition Shingle
Roof Shape Type: Gable
Property Information
Subdivision Name: SCENIC HILLS
Living Sq. Ft: 1,668
Ground Floor Sq. Ft: 1,128
Building Sq. Ft: 1,668
# of Stories: 1
Stories Type: 1
Legal Description: NS GLENGARRY RD COR BANNOCKBURN RD NE
Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 400
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 21,250
Legal Lot Number: 162
Municipality Name: MEMPHIS
Acres: 0.4878
Depth Footage: 170
Front Footage: 125
Zoning Code: R-10
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,668
Stories: 1.0
Lot Size: 0.49 acres
Style: Single Family Residential
Year Built: 1959
Year Renovated: 1991
County: Shelby County
APN: 083012 00021
Home facts updated by county records on Jun 16, 2026
Around this home
Schools
Scenic Hills Elementary School
Public PreK-5 • Assigned • 0.8mi
3/10
Raleigh Egypt High School
Public 6-12 • Assigned • 3.0mi
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 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
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
89
70
85
66
77
55
65
48
54
39
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
$185,000 – $223,000
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