Sold for $55,000

$55,000

1487 Lake Grove St, Memphis, TN 38108

2beds

725sqft

Single Family Residence

Built in 1957

4,356 Square Feet Lot

$68,200 Zestimate^®

$76/sqft

$905 Estimated rent

Home value

$68,200

$53,000 - $84,000

$905/mo

Zestimate^® history

Owner options

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$905/mo

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$905/mo

Rent Zestimate^®

Refinance and save

$277/mo

Est. payment

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$277/mo

Est. payment

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What's special

Brick homeGas cookingSpacious backyardEat-in kitchenWasher and dryer hook-ups

Adorable two bedroom brick home in very good condition. Was previously leased to the same tenant for ten years. Eat-in kitchen features gas cooking plus washer and dryer hook-ups. Spacious backyard could be great for a garden or entertaining. Add to your investment portfolio or definitely have payments less than rent!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Features: Carpet
Level: First
Area: 121
Dimensions: 11 x 11

Bedroom 2

Features: Carpet
Level: First
Area: 90
Dimensions: 9 x 10

Dining room

Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Washer/Dryer Connections, W/D Connection in Kitchen
Area: 120
Dimensions: 10 x 12

Living room

Features: Separate Living Room
Area: 176
Dimensions: 11 x 16

Den

Dimensions: 0 x 0

Heating

Natural Gas, Wall Furnace

Cooling

Window Unit(s), Ceiling Fan(s)

Appliances

Included: Electric Water Heater, Range/Oven, Gas Cooktop

Features

All Bedrooms Down, 1 or More BR Down, Primary Down, Full Bath Down, Textured Ceiling
Flooring: Carpet, Tile
Doors: Storm Door(s)
Windows: Wood Frames, Window Treatments
Basement: Crawl Space
Has fireplace: No

Interior area

Total interior livable area: 725 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Exterior features: Sidewalks
Pool features: None
Fencing: Chain Link,Chain Fence

Lot

Size: 4,356 Square Feet
Dimensions: 40 x 118
Features: Some Trees, Level

Details

Parcel number: 043009 00012

Construction

Type & style

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

Materials

Brick Veneer, Wood/Composition
Roof: Composition Shingles

Condition

New construction: No
Year built: 1957

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Security: Iron Door(s), Window Guard(s), Wrought Iron Security Drs
Subdivision: South Bungalow Park

Location

Region: Memphis

Financial & listing details

Price per square foot: $76/sqft
Tax assessed value: $22,900
Annual tax amount: $209
Price range: $55K - $55K
Date on market: 8/15/2025
Cumulative days on market: 13 days
Listing terms: Conventional

Price history

Date	Event	Price
9/16/2025	Sold	$55,000-6.8%$76/sqft
Source: MAAR #10203730 Report a problem
8/28/2025	Pending sale	$59,000$81/sqft
Source: MAAR #10203730 Report a problem
8/15/2025	Listed for sale	$59,000+456.6%$81/sqft
Source: MAAR #10203730 Report a problem
1/4/2007	Sold	$10,600-59.6%$15/sqft
Source: Public Record Report a problem
9/29/2006	Sold	$26,208-57.7%$36/sqft
Source: Public Record Report a problem
1/14/1998	Sold	$62,000$86/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$302 +44.3%	$5,725 +80.3%
2024	$209 +8.1%	$3,175
2023	$193	$3,175
2022	--	$3,175
2021	--	$3,175 +21%
2020	$84	$2,625
2019	$84 -21.1%	$2,625
2018	$106 -45.1%	$2,625
2017	$194 +103.5%	$2,625 -6.3%
2016	$95 -12.8%	$2,800
2014	$109	$2,800
2013	--	$2,800 -18.2%
2012	--	$3,425
2011	--	$3,425
2010	--	$3,425
2009	--	$3,425 -29.4%
2008	--	$4,850
2007	--	$4,850
2006	--	$4,850
2005	--	$4,850 +16.9%
2004	--	$4,150
2003	--	$4,150
2002	--	$4,150
2001	--	$4,150 -45.2%
2000	--	$7,575