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Sold for $9,500
  • $9,500

    1562 Preston St, Memphis, TN 38106

    4beds
    1,448sqft
    Single Family Residence
    Built in 1912
    7,840.8 Square Feet Lot
    $-- Zestimate®
    $7/sqft
    $1,212 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,212/mo

    Zestimate® history
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    What's special

    Calling all investors and visionaries! Located in the heart of Memphis, 1562 Preston Street offers an excellent opportunity for redevelopment or restoration. According to public records, this property features four bedrooms, one and a half bathrooms, and approximately 1,448 square feet of living space. Built in 1912, the home reflects the charm and character of its era but is in need of extensive repairs throughout. Please note that there is no interior access and no interior photos available. The property is being sold as-is, and the primary value lies in the land and its potential for future use. Whether you're looking to restore a historic structure or clear the site for a fresh start, this parcel provides a solid foundation in an established neighborhood. With the right vision and investment, 1562 Preston Street could become a standout project in a growing Memphis market. This is a chance to bring new life to a classic property while capitalizing on the area's continued development and demand. *Buyer and buyer's agent to verify all information contained herein. Deemed reliable, but not guaranteed. *Equal Housing Opportunity. Assignment of contract. Wholesaler holds equitable interest and has limited power of attorney from seller for document execution only.

    Zillow last checked:

    Source: NextHome,MLS#: 9987884MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Features
    • Has basement: No
    Interior area
    • Total structure area: 1,448
    • Total interior livable area: 1,448 sqft

    Property

    Lot
    • Size: 7,840 sqft
    Details
    • Parcel number: 03401200021

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1912

    Community & neighborhood

    Location
    • Region: Memphis

    Price history

    DateEventPrice
    6/17/2026Sold$9,500-36.2%$7/sqft
    Source: Public Record Report a problem
    3/25/2026Price change$14,900-19.5%$10/sqft
    Source: MAAR #10217260 Report a problem
    3/20/2026Listed for sale$18,500+5.7%$13/sqft
    Source: MAAR #10217260 Report a problem
    12/27/2025Listing removed$17,500$12/sqft
    Source: TVRMLS #9987884 Report a problem
    12/12/2025Pending sale$17,500$12/sqft
    Source: TVRMLS #9987884 Report a problem
    11/25/2025Price change$17,500-12.5%$12/sqft
    Source: TVRMLS #9987884 Report a problem
    11/16/2025Price change$20,000-20%$14/sqft
    Source: TVRMLS #9987884 Report a problem
    11/3/2025Listed for sale$25,000-28.6%$17/sqft
    Source: TVRMLS #9987884 Report a problem
    2/19/2025Listing removed$35,000$24/sqft
    Source: MAAR #10189156 Report a problem
    1/31/2025Listed for sale$35,000+560.4%$24/sqft
    Source: MAAR #10189156 Report a problem
    11/22/1996Sold$5,300$4/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$401 -13.4%$7,600 +8.2%
    2024$463 +8.1%$7,025
    2023$428 $7,025
    2022-- $7,025
    2021-- $7,025 +22.2%
    2020$184 $5,750
    2019$184 -21.1%$5,750
    2018$233 -45.1%$5,750
    2017$424 +64.8%$5,750 -24.1%
    2016$258 -24%$7,575
    2014$339 $7,575
    2013-- $7,575 -28.7%
    2012-- $10,625
    2011-- $10,625
    2010-- $10,625
    2009-- $10,625 -9%
    2008-- $11,675
    2007-- $11,675
    2006-- $11,675
    2005-- $11,675 +44.1%
    2004-- $8,100
    2003-- $8,100
    2002-- $8,100
    2001-- $8,100 +16.5%
    2000-- $6,950

    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating