Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.
North Parkway Village, located between Overton Park and Downtown Memphis, is a historic and residential Memphis neighborhood with early-20th-century homes and a broad, tree-lined parkway. The neighborhood’s character concentrates along North Parkway at McLean Boulevard, where porch-front houses face the median and local traffic hums past small storefronts. Crosstown Concourse serves as a cultural pillar with galleries, food counters, and workspaces under one roof. The Memphis Brooks Museum of Art and the Memphis Zoo, both at Overton Park’s edge, anchor nearby day-to-day outings. Architecture leans Craftsman and Colonial Revival, with sidewalks and mature canopy shaping a walkable rhythm. Green space and bike routes along the parkway connect daily errands to larger city destinations.
Provided by Walk Score and Local Logic
Market insights
3026 Dearing Rd · $119,900
DAYS ON MARKET
137 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
LIST PRICE
$119,900
Median sale price in this area is $279,084. (133% higher than this home)
PRICE DROP
2 price drops
23% of homes in this area have had a price drop in the past month.
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): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 7
# of Stories: 1
1st Story Floor Plan: 2nd Bedroom, 3rd Bedroom, Dining Room, Kitchen, Living Room, 1 Bathroom, Master Bedroom
Floors/Ceilings: Tile, Wood Laminate Floors
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Separate Dining Room, Separate Living Room
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Patio, Wood Fence
Exterior/Windows: Brick Veneer
Foundation: Slab
Roof: Composition Shingles
Land Information
Acreage: 0.18
Lot Information
Parcel ID: 073061 00023
Lot #: 32
Lot Size: 60X136
Lot Description: Level
Area: 772B
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1200-1399
Year Built: 1958
Financial
Tax Information
Annual City Tax: $628
Annual County Tax: $666
Utilities
Utility Information
Water & Sewer: Public Sewer, Public Water
Heating: Central
Cooling: Central
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10008663
Sep 15, 2017
Sold
$35,200
$29/sq ft
Aug 7, 2017
Listed
$31,900
$27/sq ft
+7
All Brick 4 Bedroom 1 Bath Central Heat & Air. This one is very clean~~ Ready to add to you portfolio.
Memphis Area Association of Realtors(R) MLS #2652387
Nov 30, 2006
Sold
$70,000
$58/sq ft
Oct 5, 2006
Listed
$74,900
$62/sq ft
Memphis Area Association of Realtors(R) MLS #2597460
Aug 17, 2005
Sold
$34,000
$28/sq ft
Apr 8, 2005
Listed
$34,900
$29/sq ft
Public Records
Sep 3, 2003
Sold
$68,225
$57/sq ft
Public Records
Sep 3, 1997
Sold
$47,669
$40/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,542 (+19.1%)
$4,125 + $25,125
$29,250
2024
$1,294 (+8.1%)
$4,125 + $25,125
$29,250
2023
$1,197
$2,875 + $16,775
$19,650
2022
$1,197 (−1.2%)
$2,875 + $16,775
$19,650
2021
$1,211 (−6.1%)
$2,875 + $16,775
$19,650
2020
$1,290
$2,875 + $16,775
$19,650
2019
$1,290
$2,875 + $14,925
$17,800
2018
$1,290 (+128.6%)
$2,875 + $14,925
$17,800
2017
$564 (−2.7%)
$2,875 + $14,925
$17,800
2016
$580
$2,875 + $10,850
$13,725
2014
$580
$2,875 + $10,400
$13,275
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
60 ft.
Lot depth
136 ft.
Lot size
8,160 Sq. Ft.
Year renovated
1989
Finished Sq. Ft.
1,371
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,371
Year built
1960
Style
Single Family Residential
County
Shelby County
APN
073061 00023
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
Oct 7, 2020 • Final
Residential electrical
Electrical
Oct 7, 2020 • Final
Residential mechanical
Perform a mechanical air test for a heating and air conditioning system.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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, 20 days in 30 years
4/10 Wind Factor
20% 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)
48
30
58
38
72
50
78
58
79
63
89
72
93
77
90
72
86
68
78
57
66
49
55
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3026 Dearing Rd
$116,778
$3,122 under list price of $120K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $95K to $140K.