Please do not disturb tenants. Currently rented for $500 per month, tenant has occupied the property since since 2018, scheduled rent increase to $650 effective July 1, 2022. Tenant pays as agreed. Property professionally managed by 4 Success Realty.
Single-familyProperty Type
1931Year Built
0.34 acresLot Size
$52Est. Price/Sq.Ft.
Listed by Deborah Williams• 4 Success Realty, LLC
Bought with Haydn Wiseman• Omni, REALTORS
Source:Memphis Area Association of Realtors(R) MLS #10124310
Redfin Estimate
$85,243
$21K since sold in August 2022$0 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 29.3% lower than the average sale price ($121K) of 6 comparable homes.
Memphis Area Association of Realtors(R) MLS #10124310
Jun 1, 2022
Sold
$55,000
$34/sq ft
May 19, 2022
Listed
$55,000
$34/sq ft
Please do not disturb tenants. Currently rented for $500 per month, tenant has occupied the property since since 2018, scheduled rent increase to $650 effective July 1, 2022. Tenant pays as agreed. Property professionally managed by 4 Success Realty.
Memphis Area Association of Realtors(R) MLS #3123765
Feb 15, 2008
Sold
$8,500
$5/sq ft
Nov 15, 2007
Listed
$9,900
$6/sq ft
Large 3 bedroom 2 bath home. Perfect investment opportunity. Needs a few repairs, mostly cosmetic. Sold AS-IS corporate owned. Please fax offers to 271-7078 with proof of funds and copy of em check. Thanks
Public Records
May 15, 2006
Sold
$70,000
$43/sq ft
Memphis Area Association of Realtors(R) MLS #2605526
Oct 31, 2005
Sold
$21,500
$13/sq ft
Jul 1, 2005
Listed
$27,500
$17/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,187 (+70.9%)
$1,650 + $20,875
$22,525
2024
$695 (+8.1%)
$1,650 + $20,875
$22,525
2023
$643
$1,200 + $9,350
$10,550
2022
$643 (−1.2%)
$1,200 + $9,350
$10,550
2021
$650 (−27.3%)
$1,200 + $9,350
$10,550
2020
$895
$1,200 + $9,350
$10,550
2019
$895
$1,200 + $11,150
$12,350
2018
$895 (+76.3%)
$1,200 + $11,150
$12,350
2017
$508 (−6.9%)
$1,200 + $11,150
$12,350
2016
$545
$1,200 + $11,150
$12,350
2014
$545
$1,425 + $11,050
$12,475
Tax history for 508 W Peebles Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,187 (+70.9%)
$1,650 + $20,875
$22,525
2024
$695 (+8.1%)
$1,650 + $20,875
$22,525
2023
$643
$1,200 + $9,350
$10,550
2022
$643 (−1.2%)
$1,200 + $9,350
$10,550
2021
$650 (−27.3%)
$1,200 + $9,350
$10,550
2020
$895
$1,200 + $9,350
$10,550
2019
$895
$1,200 + $11,150
$12,350
2018
$895 (+76.3%)
$1,200 + $11,150
$12,350
2017
$508 (−6.9%)
$1,200 + $11,150
$12,350
2016
$545
$1,200 + $11,150
$12,350
2014
$545
$1,425 + $11,050
$12,475
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
CMU-1
Commercial Mixed Use-1 District
The commercial mixed use districts are intended to accommodate retail, service and commercial uses and to ensure that commercial-zoned areas are compatible with the character of existing neighborhoods. While the districts primarily accommodate commercial uses, apartments and upper-story residential are allowed in order to promote live/work and mixed use opportunities. To provide for additional housing choice, single-family detached is permitted in the CMUdistricts. The CMU districts are not intended to provide for areas exclusively dominated by any one particular use but provide for neighborhoods that successfully integrate several types of compatible uses together.; The CMU-1 District is intended to provide for neighborhood serving commercial, office, and employment uses. Residential uses are encouraged above the ground floor. Compatible nonresidential uses should be located within walking distance to the established residential neighborhoods they are designated to serve. Auto-oriented uses are not appropriate in this district. Typical retail uses vary from 1,000 to 15,000 sq ft of ground floor area.
Permitted uses
Include but are not limited to:
Convenience store
Day care facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Office
Medical office
Oct 7, 2020 • Final
Residential electrical
Replace the electrical service meter pedestal.
Electrical
Electric meter
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
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Central
Fireplace Information
# of Fireplaces: 1
Fireplace Type: 1 Opening
Has Fireplace
Room Information
# of Rooms: 7
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: HEISKELL
Living Sq. Ft: 1,637
Ground Floor Sq. Ft: 1,637
Building Sq. Ft: 1,637
# of Stories: 1
Stories Type: 1
Legal Description: 28
Lot Information
# of Buildings: 1
Land Sq. Ft: 14,600
Legal Lot Number: 29&E
Municipality Name: MEMPHIS
Acres: 0.3352
Depth Footage: 146
Front Footage: 100
Zoning Code: CMU-1
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,637
Stories: 1.0
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1931
Year Renovated: —
County: Shelby County
APN: 075001 00043
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Ford Road Elementary School
Public PreK-5 • Assigned • 0.7mi
3/10
Chickasaw Junior High School
Public 6-8 • Assigned • 2.1mi
4/10
Mitchell 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
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
$81,000 – $99,000
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