Great investment property opportunity. This property has been expanded to a 4 bedroom property and is presently rented. This property has the possibility of been an excellent income producing property. DO NOT DISTURB THE TENANTS.
Single-familyProperty Type
1958Year Built
0.36 acresLot Size
$62Est. Price/Sq.Ft.
2 spacesParking
Listed by Sherry Cole• John Green & Co., REALTORS
Bought with Brooke Fitzpatrick• Crestcore Realty, LLC
Memphis Area Association of Realtors(R) MLS #10072183
Jul 24, 2020
Sold
$36,000
$23/sq ft
Jun 27, 2020
Price Changed
$40,000
$26/sq ft
Mar 4, 2020
Listed
$50,000
$32/sq ft
Memphis Area Association of Realtors(R) MLS #2524365
Aug 28, 2003
Sold
$29,000
$19/sq ft
Nov 4, 2002
Listed
$31,500
$20/sq ft
Corporate owned; property being sold as-is; cash and conventional offers only; commitment letter required plus $1,000 earnest money; special addendum required
Year
Property tax
Land + Additions
Assessment*
2025
$932 (+9.0%)
$2,100 + $15,575
$17,675
2024
$854 (+8.1%)
$2,100 + $15,575
$17,675
2023
$790
$1,625 + $11,350
$12,975
2022
$790 (−1.2%)
$1,625 + $11,350
$12,975
2021
$800 (−5.7%)
$1,625 + $11,350
$12,975
2020
$848
$1,625 + $11,350
$12,975
2019
$848
$1,625 + $10,075
$11,700
2018
$848 (+76.3%)
$1,625 + $10,075
$11,700
2017
$481 (−9.8%)
$1,625 + $10,075
$11,700
2016
$533
$1,625 + $10,075
$11,700
2014
$533
$1,625 + $10,575
$12,200
Tax history for 59 W Falls Rd
Year
Property tax
Land + Additions
Assessment*
2025
$932 (+9.0%)
$2,100 + $15,575
$17,675
2024
$854 (+8.1%)
$2,100 + $15,575
$17,675
2023
$790
$1,625 + $11,350
$12,975
2022
$790 (−1.2%)
$1,625 + $11,350
$12,975
2021
$800 (−5.7%)
$1,625 + $11,350
$12,975
2020
$848
$1,625 + $11,350
$12,975
2019
$848
$1,625 + $10,075
$11,700
2018
$848 (+76.3%)
$1,625 + $10,075
$11,700
2017
$481 (−9.8%)
$1,625 + $10,075
$11,700
2016
$533
$1,625 + $10,075
$11,700
2014
$533
$1,625 + $10,575
$12,200
*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
4
Baths
2
Stories
1
Lot width
80 ft.
Lot depth
200 ft.
Lot size
15,681
Year renovated
—
Sq. Ft.
1,540
Year built
1958
Style
Single Family Residential
County
Shelby County
APN
076086 00037
Parking Spaces
2
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Jul 30, 2020.
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
# of Covered Parking Spaces: 2
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 4
# of Bedrooms: 2
# of Bedrooms: 2
# of Bedrooms Down: 4
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 2
# of Bathrooms (Full): 2
Interior Features
# of Rooms: 6
# of Stories: 1
Floors/Ceilings: Wall To Wall Carpet
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wrought Iron Security Doors, Storage Building
Exterior/Windows: Brick Veneer
Land Information
Acreage: 0.36
Lot Information
Parcel ID: 076086 00037
Lot #: 1
Lot Size: .36
Lot Description: Level
Area: 766A
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1400-1599
Year Built: 1958
Financial
Tax Information
Annual City Tax: $415
Annual County Tax: $533
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: From E. Shelby Drive, turn left onto Hillbrook Rd. , then right onto E. Falls Rd.
MAAR Subdivision Name: ACKLENA LAND CO
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,540
Stories: 1.0
Parking Spaces: 2
Basement: No
Accessible: No
Lot Size: 0.36 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: —
County: Shelby County
APN: 076086 00037
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Jul 30, 2020
Around this home
Schools
Geeter School
Public PreK-8 • Assigned • 0.2mi
4/10
Fairley High School
Charter 9-12 • Assigned • 1.0mi
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 110° expected this year, 20 days in 30 years
4/10 Wind Factor
19% 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
$137,000 – $166,000
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Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2020. This data may not show owner updates. Learn more.