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
Offer insights
4040 Knight Arnold Rd · $95,000
$95.04K and above
75% chance or better to win
Why $95.04K+ is a strong offer
DAYS ON MARKET
26 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Single-story home
Part hardwood floors
All bedrooms on the main level
Four total rooms
Bedrooms
3 bedrooms
Bathrooms
1 full bathroom
1 half bathroom
Flooring
Part hardwood
Heating & cooling
Central heating
Central cooling
Exterior features
Wrought iron security doors
Level lot
Home design
Detached single-family home
Traditional style
Existing property built in 1963
Parking
1 covered parking space
Driveway/pad
Security
Wrought iron security doors
Construction
Brick veneer exterior
Conventional foundation
Composition shingle roof
Utilities
Central heating
Central cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10228996
Aug 24, 2026
Listed
$95,000
Public Records
Jul 29, 2020
Sold
$194,000
Memphis Area Association of Realtors(R) MLS #10082095
Jul 27, 2020
Sold
$64,666
Jun 25, 2020
Listed
$64,667
Tenant Occupied 3 bedroom 1 1/2 bath
Memphis Area Association of Realtors(R) MLS #2660223
Mar 13, 2007
Sold
$41,700
Jan 2, 2007
Listed
$49,500
BANK OWNED & AS IS WHERE IS NON CONTINGENT OFFERS ONLY. LOAN OR BANK COMMITTMENT LETTER AND $1,000 CASHIEERS CHECK EARNEST MONEY MUST BE WITH ALL OFFERS. BONUS IF YOU CLOSE WITH SELLERS ATTORNEY(LOCAL).
Memphis Area Association of Realtors(R) MLS #2591228
May 10, 2005
Sold
$67,000
Feb 15, 2005
Listed
$53,500
Public Records
Jun 21, 1972
Sold
$22,500
Public Records
Feb 11, 1964
Sold
$11,200
Year
Property tax
Land + Additions
Assessment*
2025
$1,372 (+14.1%)
$4,075 + $21,950
$26,025
2024
$1,202 (+8.1%)
$4,075 + $21,950
$26,025
2023
$1,112
$3,000 + $15,250
$18,250
2022
$1,112 (−1.2%)
$3,000 + $15,250
$18,250
2021
$1,125 (+22.5%)
$3,000 + $15,250
$18,250
2020
$918
$3,000 + $15,250
$18,250
2019
$918
$3,000 + $9,675
$12,675
2018
$918 (+76.3%)
$3,000 + $9,675
$12,675
2017
$521 (−1.3%)
$3,000 + $9,675
$12,675
2016
$528
$3,000 + $9,675
$12,675
2014
$528
$3,000 + $9,100
$12,100
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
1
Lot width
60 ft.
Lot depth
130 ft.
Lot size
7,800 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,160
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,160
Year built
1963
Style
Single Family Residential
County
Shelby County
APN
073042 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
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
7/10 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)
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
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4040 Knight Arnold Rd
$89,659
$5,341 under list price of $95K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $95K to $130K.