This is a great investment opportunity. The property is occcupied by the tenant. Tenant cannot be disturbed. Make all offers contingent upon buyer viewing the property.
Single-familyProperty Type
1958Year Built
6,969 sq ftLot Size
$52Est. Price/Sq.Ft.
Listed by Amirio Armour• Crye-Leike, Inc., REALTORS
Bought with Amirio Armour• Crye-Leike, Inc., REALTORS
Memphis Area Association of Realtors(R) MLS #9970310
May 20, 2016
Sold
$15,500
$11/sq ft
Feb 11, 2016
Listed
$17,500
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$990 (+41.8%)
$1,750 + $17,025
$18,775
2024
$698 (+8.1%)
$1,750 + $17,025
$18,775
2023
$646
$1,250 + $9,350
$10,600
2022
$646 (−1.2%)
$1,250 + $9,350
$10,600
2021
$653 (−2.5%)
$1,250 + $9,350
$10,600
2020
$670
$1,250 + $9,350
$10,600
2019
$670
$1,250 + $8,000
$9,250
2018
$670 (+76.3%)
$1,250 + $8,000
$9,250
2017
$380 (−11.6%)
$1,250 + $8,000
$9,250
2016
$430
$1,250 + $8,000
$9,250
2014
$430
$1,250 + $8,600
$9,850
Tax history for 3328 Formosa Rd
Year
Property tax
Land + Additions
Assessment*
2025
$990 (+41.8%)
$1,750 + $17,025
$18,775
2024
$698 (+8.1%)
$1,750 + $17,025
$18,775
2023
$646
$1,250 + $9,350
$10,600
2022
$646 (−1.2%)
$1,250 + $9,350
$10,600
2021
$653 (−2.5%)
$1,250 + $9,350
$10,600
2020
$670
$1,250 + $9,350
$10,600
2019
$670
$1,250 + $8,000
$9,250
2018
$670 (+76.3%)
$1,250 + $8,000
$9,250
2017
$380 (−11.6%)
$1,250 + $8,000
$9,250
2016
$430
$1,250 + $8,000
$9,250
2014
$430
$1,250 + $8,600
$9,850
*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
Permits
Beds
3
Baths
1
Stories
1
Lot width
59 ft.
Lot depth
125 ft.
Lot size
7,375 Sq. Ft.
Year renovated
—
Sq. Ft.
1,160
Year built
1958
Style
Single Family Residential
County
Shelby County
APN
075042 00016
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
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.
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: 5
# of Stories: 1
Floors/Ceilings: Vinyl Floor
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Separate Living Room
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Porch
Exterior/Windows: Wood/Composition
Land Information
Acreage: 0.16
Lot Information
Parcel ID: 075042 00016
Lot #: 136
Lot Size: 0.16 acre
Lot Description: Level
Area: 762A
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1400-1599
Year Built: 1958
Financial
Tax Information
Annual City Tax: $335
Annual County Tax: $430
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: From Mitchell Rd. turn right on Ford Rd. Left on Moline Rd then right on Formosa Rd.
MAAR Subdivision Name: GEORGE W LEE
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,160
Stories: 1.0
Lot Size: 7,375 square feet
Style: Single Family Residential
Year Built: 1958
Year Renovated: —
County: Shelby County
APN: 075042 00016
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Ford Road Elementary School
Public PreK-5 • Assigned • 0.1mi
3/10
Chickasaw Junior High School
Public 6-8 • Assigned • 1.5mi
4/10
Mitchell High School
Public 9-12 • Assigned • 0.2mi
3/10
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
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.6 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.6 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$69,000 – $84,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2016. This data may not match public records. Learn more.