Pending

$97,500

245 W Person Ave, Memphis, TN 38109

4beds

1,149sqft

$692/mo

Get pre-qualified

Single Family Residence

Built in 2001

5,662 Square Feet Lot

$115,000 Zestimate^®

$85/sqft

$-- HOA

What's special

Fully fenced yardNew roof

This income-producing property features multiple well- maintained improvements, making it an ideal investment opportunity. The home includes a new roof (2025). Exterior and interior paint completed within 5 years,HVAC system installed just 5 years ago. A hot water heater installed approximately 3 years ago all contributing to long term efficiency. The fully fenced yard offers privacy — with wire fencing in the front and a six-foot wood privacy fence in the rear. Inside flooring throughout, the home was updated approximately 5 years ago including ceramic tile in the den, kitchen, and bathrooms. Currently rented at 1,750 a month this turn key property is ready to generate returns day 1

413 days
6
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Area: 143
Dimensions: 11 x 13

Dining room

Features: Separate Dining Room
Area: 81
Dimensions: 9 x 9

Kitchen

Features: Updated/Renovated Kitchen, Washer/Dryer Connections

Living room

Features: Separate Living Room
Area: 168
Dimensions: 12 x 14

Den

Area: 144
Dimensions: 12 x 12

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Primary Down, Renovated Bathroom, Full Bath Down
Flooring: Tile
Windows: Double Pane Windows
Has fireplace: No

Interior area

Total interior livable area: 1,149 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Covered Patio
Pool features: None

Lot

Size: 5,662 Square Feet
Dimensions: 60 x 100
Features: Other (See Remarks)

Details

Parcel number: 035062 00004C

Construction

Type & style

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

Condition

New construction: No
Year built: 2001

Community & HOA

Community

Subdivision: S Fort Pickering Blk 3

Location

Region: Memphis

Financial & listing details

Price per square foot: $85/sqft
Tax assessed value: $96,700
Annual tax amount: $902
Price range: $97.5K - $97.5K
Date on market: 7/19/2025
Cumulative days on market: 340 days

Estimated market value

$115,000

$99,000 - $130,000

$1,164/mo

Price history

Date	Event	Price
7/26/2025	Pending sale	$97,500$85/sqft
Source: MAAR #10201607 Report a problem
7/19/2025	Listed for sale	$97,500+492.6%$85/sqft
Source: MAAR #10201607 Report a problem
8/15/2023	Listing removed	--
Source: Zillow Rentals Report a problem
8/6/2023	Price change	$1,600-11.1%$1/sqft
Source: Zillow Rentals Report a problem
7/25/2023	Listed for rent	$1,800$2/sqft
Source: Zillow Rentals Report a problem
6/30/2023	Listing removed	--
Source: Zillow Rentals Report a problem
6/15/2023	Price change	$1,800+9.1%$2/sqft
Source: Zillow Rentals Report a problem
4/22/2023	Price change	$1,650+3.1%$1/sqft
Source: Zillow Rentals Report a problem
4/7/2023	Listed for rent	$1,600+52.4%$1/sqft
Source: Zillow Rentals Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
1/20/2018	Listing removed	$1,050$1/sqft
Source: Owner Report a problem
12/21/2017	Price change	$1,050+23.5%$1/sqft
Source: Owner Report a problem
11/27/2017	Listed for rent	$850$1/sqft
Source: Owner Report a problem
12/6/2016	Sold	$16,452-62.1%$14/sqft
Source: Public Record Report a problem
7/19/2001	Sold	$43,358+2067.9%$38/sqft
Source: Public Record Report a problem
1/26/2000	Sold	$2,000$2/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,274 +41.2%	$24,175 +76.5%
2024	$902 +8.1%	$13,700
2023	$835	$13,700
2022	--	$13,700
2021	--	$13,700 +19.7%
2020	$366	$11,450
2019	$366 -21.1%	$11,450
2018	$464 -1.9%	$11,450
2017	$473	--
2016	$473 -12.6%	$13,900
2014	$541	$13,900
2013	--	$13,900 -18%
2012	--	$16,950
2011	--	$16,950
2010	--	$16,950
2009	--	$16,950 +0.1%
2008	--	$16,925
2007	--	$16,925
2006	--	$16,925
2005	--	$16,925 +56%
2004	--	$10,850
2003	--	$10,850
2002	--	$10,850 +1966.7%
2001	--	$525 +5%
2000	--	$500