INVESTMENT OPPORTUNITY! Don't miss this excellent investment opportunity to own a well-maintained 3-bedroom, 2-bath home in the desirable Village of Pheasant Run! This property features a spacious recreation room, durable laminate wood flooring throughout, and major system updates already completed, including: New HVAC System (2023) Roof Replaced (2022) The home is tenant-occupied with a month-to-month lease, offering immediate rental income while providing flexibility for future plans. Located in a quiet, well-maintained neighborhood with strong curb appeal, this property is an outstanding addition to any investment portfolio. See the potential for yourself!
Memphis Area Association of Realtors(R) MLS #10225156
Aug 31, 2026
Price Changed
$221,900
Jul 28, 2026
Price Changed
$224,900
Jun 29, 2026
Listed
$239,900
Memphis Area Association of Realtors(R) MLS #1414674
Aug 31, 2001
Sold
$85,000
Jul 5, 2001
Listed
$85,000
BANK OWNED PROPERTY SOLD AS IS NEEDS SOME WORK. CALL FOR ADDENDUMS TO GO WITH OFFERS, SOURCE OF FUNDS OR COMMITTMENT LETTER WITH OFFERS, 1,000.00 MINIMUM EARNEST MONEY REQUIRED. GOOD NEIGHBORHOOD GOOD POTENTIAL
Public Records
Jun 30, 1998
Sold
$95,000
Memphis Area Association of Realtors(R) MLS #9701036
Jan 1, 1998
Listed
$99,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,675 (+13.1%)
$12,025 + $50,250
$62,275
2024
$1,481
$12,025 + $50,250
$62,275
2023
$1,481
$6,225 + $37,475
$43,700
2022
$1,481 (−1.7%)
$6,225 + $37,475
$43,700
2021
$1,508 (+11.7%)
$6,225 + $37,475
$43,700
2020
$1,350
$6,225 + $37,475
$43,700
2019
$1,350
$6,225 + $27,100
$33,325
2018
$1,350 (−1.5%)
$6,225 + $27,100
$33,325
2017
$1,370 (+26.0%)
$6,225 + $27,100
$33,325
2016
$1,087
$6,225 + $27,100
$33,325
2014
$1,087
$6,225 + $18,650
$24,875
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
64 ft.
Lot depth
135 ft.
Lot size
0.28 Acres
Year renovated
—
Finished Sq. Ft.
2,016
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,016
Year built
1986
Style
Single Family Residential
County
Shelby County
APN
D0255S E00056
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-8
Residential Single-Family-8 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-8 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-8 districts are generally located at least 1,000 to 1,500 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
3/10 Fire Factor
0.31% chance of being 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
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 • 38141
Average low and high temperatures (°F)
48
30
58
37
72
50
78
58
80
63
89
71
93
76
90
71
86
67
78
56
66
48
55
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 19% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4950 Pheasant Ridge Cv
$217,849
$4,051 under list price of $222K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $204K to $287K.