INVESTOR SPECIAL or Handyman Owner that wants a clean slate! Home will need a total rehab, built in 1992, 3 Bedrooms 2 Baths will be a great rebuild. This house needs a little of everything to bring it back to life, but the bones are great. Ideal for investors next buy and hold. Will make a great investment property. Property is priced below market to reflect needed repairs. No utilities. Per seller roof appears to be about 7 yrs old. Sold AS IS, Buyers to perform their own due diligence.
Single-familyProperty Type
1992Year Built
9,583 sq ftLot Size
$72Est. Price/Sq.Ft.
Listed by Linda Bell• KAIZEN Realty, LLC
Bought with Shirley Rhynes-Hawkins• BEST Real Estate Company
Memphis Area Association of Realtors(R) MLS #10169360
May 1, 2024
Sold
$40,000
$40/sq ft
Apr 4, 2024
Listed
$49,000
$49/sq ft
Memphis Area Association of Realtors(R) MLS #3143148
Oct 1, 2008
Sold
$4,200
$4/sq ft
Jun 4, 2008
Listed
$8,000
$8/sq ft
INVESTOR SPECIAL ! GREAT BUY ! Bank owned property - being sold as is - quick possession. Seller addendums apply. Call for more info.
Memphis Area Association of Realtors(R) MLS #2587560
Feb 14, 2005
Sold
$16,000
$16/sq ft
Dec 23, 2004
Listed
$19,500
$20/sq ft
BANK OWNED FORECLOSURE. SOLD AS IS. SPECIAL ADDENDUM, $1000 E/M. PROOF OF FUNDS REQUIRED
Public Records
Aug 3, 1993
Sold
$46,000
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$196 (−70.5%)
$1,625 + $12,725
$14,350
2024
$665 (+8.1%)
$1,625 + $2,100
$3,725
2023
$615
$875 + $9,225
$10,100
2022
$615 (+287.7%)
$875 + $9,225
$10,100
2021
$159 (+3.1%)
$875 + $9,225
$10,100
2020
$154
$875 + $1,700
$2,575
2019
$154
$875 + $1,250
$2,125
2018
$154 (+76.3%)
$875 + $1,250
$2,125
2017
$87 (−77.9%)
$875 + $1,250
$2,125
2016
$396
$875 + $1,250
$2,125
2014
$396
$875 + $8,200
$9,075
Tax history for 2965 Mt Olive St
Year
Property tax
Land + Additions
Assessment*
2025
$196 (−70.5%)
$1,625 + $12,725
$14,350
2024
$665 (+8.1%)
$1,625 + $2,100
$3,725
2023
$615
$875 + $9,225
$10,100
2022
$615 (+287.7%)
$875 + $9,225
$10,100
2021
$159 (+3.1%)
$875 + $9,225
$10,100
2020
$154
$875 + $1,700
$2,575
2019
$154
$875 + $1,250
$2,125
2018
$154 (+76.3%)
$875 + $1,250
$2,125
2017
$87 (−77.9%)
$875 + $1,250
$2,125
2016
$396
$875 + $1,250
$2,125
2014
$396
$875 + $8,200
$9,075
*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
3
Baths
2
Stories
1
Lot width
80 ft.
Lot depth
120 ft.
Lot size
9,600 Sq. Ft.
Year renovated
—
Sq. Ft.
1,348
Year built
1992
Style
Single Family Residential
County
Shelby County
APN
043018 00006
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
RU-1
Residential Urban-1 District
Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Property details
Parking
Parking Information
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 2
# of Bathrooms (Full): 2
Interior Features
# of Rooms: 6
# of Stories: 1
Miscellaneous Interior: Other (See Remarks)
Interior Equipment: Other (See Remarks)
Floors/Ceilings: Other (See Remarks)
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Other (See Remarks)
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down, Other (See Remarks)
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Chain Fence
Exterior/Windows: Brick Veneer, Other (See Remarks), Vinyl Siding
Foundation: Slab
Roof: Composition Shingles
Land Information
Acreage: 0.22
Lot Information
Parcel ID: 043018 00006
Lot #: 384-385
Lot Size: 80X120
Lot Description: Some Trees
Area: 743A
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1000-1199
Year Built: 1992
Financial
Tax Information
Annual City Tax: $273
Annual County Tax: $342
Financing
New Financing: Other (See Remarks)
Buyer Contributions: 0
Utilities
Utility Information
Water & Sewer: Public Sewer, Public Water
Heating: Central, Other (See Remarks)
Cooling: Central, Other (See Remarks)
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: From Chelsea Ave. turn North on Warford St. - turn right on Mt. Olive or from I-240 exit on Warford going South turn left on Mt. Olive.
MAAR Subdivision Name: BUNGALOW PARK
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,348
Stories: 1.0
Lot Size: 9,600 square feet
Style: Single Family Residential
Year Built: 1992
Year Renovated: —
County: Shelby County
APN: 043018 00006
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Douglass Elementary School
Public PreK-8 • Assigned • 0.5mi
3/10
Douglass High School
Public 9-12 • Assigned • 0.5mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
8/10 Flood Factor
Estimated 74-82% chance 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
7/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
16% 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 • 38108
Average low and high temperatures (°F)
46
30
57
37
71
50
77
58
79
63
88
72
93
77
90
71
85
67
78
56
65
49
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
$69,000 – $83,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2024. This data may not match public records. Learn more.