4840 Neely Rd is a 1,238 square foot house on a 7,800 square foot lot with 3 bedrooms and 1.5 bathrooms. - it last sold on December 12, 2019 for $87,500. Based on Redfin's Memphis data, we estimate the home's value is $131,466.
Single-familyProperty Type
1965Year Built
7,800 sq ftLot Size
$106Est. Price/Sq.Ft.
1 car garageParking
Source:Public Records
Redfin Estimate
$131,466
$44K since sold in December 2019$2,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 37.7% higher than the average sale price ($96K) of 6 comparable homes.
Memphis Area Association of Realtors(R) MLS #2524315
Feb 11, 2003
Sold
$62,900
$51/sq ft
Oct 30, 2002
Listed
$65,900
$53/sq ft
Public Records
Mar 22, 1994
Sold
$48,500
$39/sq ft
Public Records
Sep 14, 1967
Sold
$15,700
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,779 (+24.3%)
$3,875 + $29,875
$33,750
2024
$1,431 (+8.1%)
$3,875 + $29,875
$33,750
2023
$1,323
$2,700 + $19,025
$21,725
2022
$1,323 (−1.2%)
$2,700 + $19,025
$21,725
2021
$1,339 (+34.9%)
$2,700 + $19,025
$21,725
2020
$993
$2,700 + $19,025
$21,725
2019
$993
$2,700 + $11,000
$13,700
2018
$993 (+76.3%)
$2,700 + $11,000
$13,700
2017
$563 (−2.9%)
$2,700 + $11,000
$13,700
2016
$580
$2,700 + $11,000
$13,700
2014
$580
$2,700 + $10,575
$13,275
Tax history for 4840 Neely Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,779 (+24.3%)
$3,875 + $29,875
$33,750
2024
$1,431 (+8.1%)
$3,875 + $29,875
$33,750
2023
$1,323
$2,700 + $19,025
$21,725
2022
$1,323 (−1.2%)
$2,700 + $19,025
$21,725
2021
$1,339 (+34.9%)
$2,700 + $19,025
$21,725
2020
$993
$2,700 + $19,025
$21,725
2019
$993
$2,700 + $11,000
$13,700
2018
$993 (+76.3%)
$2,700 + $11,000
$13,700
2017
$563 (−2.9%)
$2,700 + $11,000
$13,700
2016
$580
$2,700 + $11,000
$13,700
2014
$580
$2,700 + $10,575
$13,275
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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
Property details
Interior
Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Central
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Traditional
Exterior Wall: Brick Veneer
Roof Covering Type: Composition Shingle
Roof Shape Type: Gable
Property Information
Subdivision Name: SMITH TURLEY
Living Sq. Ft: 1,238
Ground Floor Sq. Ft: 1,238
Building Sq. Ft: 1,238
# of Stories: 1
Stories Type: 1
Parking & Garage Information
Parking Type: Frame Garage
Garage/Parking Sq. Ft: 190
Garage / Carport Type: Frame
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,800
Legal Lot Number: 23
Municipality Name: MEMPHIS
Acres: 0.1791
Depth Footage: 120
Front Footage: 65
Zoning Code: R-6
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 1,238
Stories: 1.0
Lot Size: 7,800 square feet
Style: Single Family Residential
Year Built: 1965
Year Renovated: 1990
County: Shelby County
APN: 076095 00035
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Westhaven Elementary School
Public PreK-5 • Assigned • 0.6mi
6/10
Fairley High School
Charter 9-12 • Assigned • 0.4mi
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 109° expected this year, 21 days in 30 years
4/10 Wind Factor
18% 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
$125,000 – $152,000
Sell confidently with a local market expert in Memphis. 3 minutes to get started.