Great investment opportunity! This CASHFLOW property has been fully renovated and brought to 2018 standards! Target rent = $1,125 and professional property management is in place! This brick home features Hardwood floors, updated kitchen and bathrooms, newer working HVAC, fresh paint and much more! -Currently under Renovation
Memphis Area Association of Realtors(R) MLS #10022755
May 31, 2018
Sold
$119,000
Mar 19, 2018
Listed
$119,000
Public Records
Feb 28, 2018
Sold
$80,000
Memphis Area Association of Realtors(R) MLS #1421703
Mar 5, 2002
Sold
$75,000
Oct 15, 2001
Listed
$75,000
The following major expenses have been made on this house in the past yr:new roof, Trane furnace & central AC, hot water heater. Seller will contriubte $1000 towards closing costs. The back yard is very large w a 13x11 storage bldg.
Year
Property tax
Land + Additions
Assessment*
2025
$2,372 (−1.3%)
$9,000 + $36,000
$45,000
2024
$2,402 (+8.1%)
$9,000 + $36,000
$45,000
2023
$2,222
$6,250 + $30,225
$36,475
2022
$2,222 (−1.2%)
$6,250 + $30,225
$36,475
2021
$2,248 (+46.0%)
$6,250 + $30,225
$36,475
2020
$1,540
$6,250 + $30,225
$36,475
2019
$1,540
$6,250 + $15,000
$21,250
2018
$1,540 (+76.3%)
$6,250 + $15,000
$21,250
2017
$873 (+0.6%)
$6,250 + $15,000
$21,250
2016
$868
$6,250 + $15,000
$21,250
2014
$868
$7,250 + $12,625
$19,875
Tax history for 4899 Verne Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,372 (−1.3%)
$9,000 + $36,000
$45,000
2024
$2,402 (+8.1%)
$9,000 + $36,000
$45,000
2023
$2,222
$6,250 + $30,225
$36,475
2022
$2,222 (−1.2%)
$6,250 + $30,225
$36,475
2021
$2,248 (+46.0%)
$6,250 + $30,225
$36,475
2020
$1,540
$6,250 + $30,225
$36,475
2019
$1,540
$6,250 + $15,000
$21,250
2018
$1,540 (+76.3%)
$6,250 + $15,000
$21,250
2017
$873 (+0.6%)
$6,250 + $15,000
$21,250
2016
$868
$6,250 + $15,000
$21,250
2014
$868
$7,250 + $12,625
$19,875
*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
2
Baths
1
Stories
1
Lot width
60 ft.
Lot depth
130 ft.
Lot size
7,800 Sq. Ft.
Year renovated
1987
Sq. Ft.
974
Year built
1955
Style
Single Family Residential
County
Shelby County
APN
066080 00002
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
Property details
Parking
Parking Information
Parking/Storage: Driveway/Pad, Street Parking Only
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: Tile
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Eat-In Kitchen
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wood Fence
Exterior/Windows: Brick Veneer
Land Information
Acreage: 0.17
Lot Information
Parcel ID: 066080 00002
Lot #: 36
Lot Size: 60X130 / 0.17
Lot Description: Some Trees
Area: 759B
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 0-999
Year Built: 1953
Financial
Tax Information
Annual City Tax: $676
Annual County Tax: $869
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Attached Unit Type: First Floor Flat
Location Details
Directions: Head east on Summer Ave toward Cadraca Dr Pass by Bank of America Financial Center (on the left) 0.3 mi Turn right onto N Mendenhall Rd Pass by McAlister's Deli (on the left in 2.4 mi) 2.8 mi Continue onto Mt Moriah Rd 1.3 mi Turn right onto Verne Rd
MAAR Subdivision Name: COLONIAL ACRES
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 974
Stories: 1.0
Lot Size: 7,800 square feet
Style: Single Family Residential
Year Built: 1955
Year Renovated: 1987
County: Shelby County
APN: 066080 00002
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Sea Isle Elementary School
Public PreK-5 • Assigned • 0.6mi
4/10
Colonial Middle School
Public 6-8 • Assigned • 0.2mi
6/10
Overton High School
Public 9-12 • Assigned • 0.7mi
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
18% 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 • 38117
Average low and high temperatures (°F)
47
30
57
38
72
50
78
58
79
63
88
72
93
77
90
71
86
68
78
57
66
49
54
40
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 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$176,000 – $212,000
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