Closed

$187,500

1351 Favell Dr, Memphis, TN 38116

3beds

1,368sqft

Single Family Residence, Residential

Built in 1959

0.36 Acres Lot

$187,900 Zestimate^®

$137/sqft

$1,487 Estimated rent

Home value

$187,900

$177,000 - $199,000

$1,487/mo

Zestimate^® history

Owner options

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$1,487/mo

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$1,487/mo

Rent Zestimate^®

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$1,239/mo

Est. payment

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$1,239/mo

Est. payment

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What's special

Beautifully Renovated 3-Bedroom, 2-Bath Home in the Heart of Graceland Area! Welcome to this stunning, fully renovated three-bedroom, two-bathroom home—perfect for families seeking comfort and style. Ideally located in the desirable Graceland area, you’ll enjoy convenient access to shopping, dining, and all the local amenities this wonderful neighborhood has to offer. Inside, you’ll find a separate living room and dining room, providing plenty of space for relaxing and entertaining.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Features

Flooring: Laminate

Interior area

Total structure area: 1,368
Total interior livable area: 1,368 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Parking Pad
Carport spaces: 2
Has uncovered spaces: Yes

Features

Levels: Three Or More
Stories: 1
Patio & porch: Porch

Lot

Size: 0.36 Acres
Dimensions: 110 x 135

Details

Parcel number: 078070 00001
Special conditions: Standard

Construction

Type & style

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

Condition

New construction: No
Year built: 1959

Community & HOA

Community

Subdivision: Graceland

HOA

Has HOA: No

Location

Region: Memphis

Financial & listing details

Price per square foot: $137/sqft
Tax assessed value: $142,700
Annual tax amount: $1,422
Date on market: 10/24/2025

Price history

Date	Event	Price
10/22/2025	Sold	$187,500-0.8%$137/sqft
Source: RealTracs MLS as distributed by MLS GRID #3033098 Report a problem
9/18/2025	Pending sale	$189,000$138/sqft
Source: MAAR #10200142 Report a problem
8/29/2025	Listed for sale	$189,000$138/sqft
Source: MAAR #10200142 Report a problem
7/23/2025	Pending sale	$189,000$138/sqft
Source: MAAR #10200142 Report a problem
7/18/2025	Listed for sale	$189,000$138/sqft
Source: MAAR #10200142 Report a problem
7/5/2025	Pending sale	$189,000$138/sqft
Source: MAAR #10200142 Report a problem
6/28/2025	Listed for sale	$189,000+57.5%$138/sqft
Source: MAAR #10200142 Report a problem
4/30/2025	Sold	$120,000+0.1%$88/sqft
Source: MAAR #10191808 Report a problem
4/10/2025	Pending sale	$119,900$88/sqft
Source: MAAR #10191808 Report a problem
4/7/2025	Price change	$119,900-4%$88/sqft
Source: MAAR #10191808 Report a problem
3/12/2025	Listed for sale	$124,900+11.1%$91/sqft
Source: MAAR #10191808 Report a problem
2/21/2022	Listing removed	--
Source: Zillow Rental Network Premium Report a problem
2/17/2022	Listed for rent	$1,150+15%$1/sqft
Source: Zillow Rental Network Premium Report a problem
6/19/2019	Listing removed	$1,000$1/sqft
Source: WRI Property Management Report a problem
5/31/2019	Listed for rent	$1,000$1/sqft
Source: WRI Property Management Report a problem
2/1/2018	Sold	$112,465+39.7%$82/sqft
Source: Public Record Report a problem
12/8/1999	Sold	$80,500$59/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,880 +32.2%	$35,675 +65.2%
2024	$1,422 +8.1%	$21,600
2023	$1,316	$21,600
2022	--	$21,600
2021	--	$21,600 +13.5%
2020	$608	$19,025
2019	$608 -21.1%	$19,025
2018	$771 -45.1%	$19,025
2017	$1,404 +123.9%	$19,025 +3.1%
2016	$627 -10.2%	$18,450
2014	$698	$18,450
2013	--	$18,450 -15.8%
2012	--	$21,900
2011	--	$21,900
2010	--	$21,900
2009	--	$21,900 -0.1%
2008	--	$21,925
2007	--	$21,925
2006	--	$21,925
2005	--	$21,925 +17.4%
2004	--	$18,675
2003	--	$18,675
2002	--	$18,675
2001	--	$18,675 +12%
2000	--	$16,675