Sold for $164,900

$164,900

1041 Richland Dr, Memphis, TN 38116

3beds

1,272sqft

Single Family Residence

Built in 1955

0.38 Acres Lot

$163,300 Zestimate^®

$130/sqft

$1,333 Estimated rent

Home value

$163,300

$154,000 - $173,000

$1,333/mo

Zestimate^® history

Owner options

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$1,333/mo

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$1,333/mo

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$1,101/mo

Est. payment

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$1,101/mo

Est. payment

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What's special

Mulch and flower bedsFence and shed repairsFresh gauntlet grey paintNew pre-hung doorsFully renovated bathroomsFull interior repaintRefreshed landscaping

This turnkey rental features new LVP flooring throughout, a full interior repaint, updated LED lighting, outlets, switches, and wall plates, and new pre-hung doors in every room. Two fully renovated bathrooms boast new tubs, tile, vanities, and fixtures. The kitchen remodel includes shaker cabinets, Formica counters, a new sink, and vent hood, with walls opened for a modern layout. Exterior updates include a fresh Gauntlet Grey paint with white trim, repaired siding, concrete, and roofing, all-new exterior doors with smart locks, a new mailbox, refreshed landscaping with mulch and flower beds, and fence and shed repairs. Additional upgrades include a new 40-gallon water heater, serviced HVAC (2017), new thermostat, smoke and CO detectors, and fire extinguisher. Deep cleaned and ready for Section 8 inspection, this property is ideal for a long-term hold in a stable market. TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Owner/Agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Dimensions: 0 x 0

Dining room

Dimensions: 0 x 0

Living room

Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Renovated Bathroom, Other (See Remarks), Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Vinyl
Has fireplace: No

Interior area

Total interior livable area: 1,272 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad, Other (See REMARKS)
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Pool features: None
Fencing: Wood Fence

Lot

Size: 0.38 Acres
Dimensions: 105 x 160
Features: Some Trees

Details

Parcel number: 077075 00004

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer

Condition

New construction: No
Year built: 1955

Community & HOA

Community

Subdivision: Welchs Sequoia Gardens

Location

Region: Memphis

Financial & listing details

Price per square foot: $130/sqft
Tax assessed value: $114,500
Annual tax amount: $1,616
Price range: $164.9K - $164.9K
Date on market: 5/6/2025
Cumulative days on market: 91 days

Price history

Date	Event	Price
12/23/2025	Sold	$164,900$130/sqft
Source: MAAR #10195995 Report a problem
8/6/2025	Pending sale	$164,900$130/sqft
Source: MAAR #10195995 Report a problem
5/6/2025	Listed for sale	$164,900+73.6%$130/sqft
Source: MAAR #10195995 Report a problem
5/1/2025	Listing removed	$1,550$1/sqft
Source: Zillow Rentals Report a problem
4/11/2025	Sold	$95,000+111.1%$75/sqft
Source: Public Record Report a problem
4/10/2025	Listed for rent	$1,550$1/sqft
Source: Zillow Rentals Report a problem
5/22/2014	Listing removed	--
Source: Auction.com Report a problem
5/3/2014	Listed for sale	--
Source: Auction.com Report a problem
12/17/2009	Sold	$45,000-25%$35/sqft
Source: Public Record Report a problem
7/14/2009	Sold	$59,985-32.6%$47/sqft
Source: Public Record Report a problem
3/5/2003	Sold	$89,000$70/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,509 -6.7%	$28,625 +16.6%
2024	$1,617 +8.1%	$24,550
2023	$1,496	$24,550
2022	--	$24,550 -2.5%
2021	--	$25,175 +58.1%
2020	$509	$15,925
2019	$509 -21.1%	$15,925
2018	$645 -45.1%	$15,925
2017	$1,175 +112.8%	$15,925 -2%
2016	$553 -18.2%	$16,250
2014	$675	$16,250
2013	--	$16,250 -23.3%
2012	--	$21,175
2011	--	$21,175
2010	--	$21,175
2009	--	$21,175 +0.8%
2008	--	$21,000
2007	--	$21,000
2006	--	$21,000
2005	--	$21,000 +19%
2004	--	$17,650
2003	--	$17,650
2002	--	$17,650
2001	--	$17,650 +26.1%
2000	--	$14,000