For sale

Price cut: $6K (9/15)

$129,900

2986 Lake Park Rd, Memphis, TN 38127

3beds

1,026sqft

$958/mo

Get pre-qualified

Single Family Residence

Built in 1988

6,534 Square Feet Lot

$124,900 Zestimate^®

$127/sqft

$-- HOA

What's special

Newly renovated Turnkey property from 2025 being professionally managed by Reedy and Company Realtor's who would like to continue management. 1 year old HVAC, Water heater, Roof less than 8 years old. Over $45,000 worth of renovations completed in 2025. Detailed renovation scope available upon request. Email Mark@memphisinvestmentproperties and Alex@memphisinvestmentproperties for more information.

45 days
48
9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Dimensions: 0 x 0

Dining room

Dimensions: 0 x 0

Kitchen

Features: Updated/Renovated Kitchen

Living room

Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Wood Laminate Floors
Has fireplace: No

Interior area

Total interior livable area: 1,026 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 6,534 Square Feet
Dimensions: 60 x 110
Features: Level

Details

Parcel number: 072121 A00026

Construction

Type & style

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

Materials

Wood/Composition
Foundation: Slab
Roof: Composition Shingles

Condition

New construction: No
Year built: 1988

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Schoolfield-st Elmo

Location

Region: Memphis

Financial & listing details

Price per square foot: $127/sqft
Tax assessed value: $83,400
Annual tax amount: $1,099
Price range: $129.9K - $129.9K
Date on market: 8/18/2026
Cumulative days on market: 45 days

Estimated market value

$124,900

$119,000 - $131,000

$1,180/mo

Price history

Date	Event	Price
9/15/2026	Price change	$129,900-4.4%$127/sqft
Source: MAAR #10228626 Report a problem
8/18/2026	Listed for sale	$135,900+0.5%$132/sqft
Source: MAAR #10228626 Report a problem
7/22/2026	Listing removed	$1,190$1/sqft
Source: Zillow Rentals Report a problem
5/18/2026	Listed for rent	$1,190+5.8%$1/sqft
Source: Zillow Rentals Report a problem
3/5/2025	Sold	$135,200$132/sqft
Source: Public Record Report a problem
1/24/2025	Listing removed	$1,125$1/sqft
Source: Zillow Rentals Report a problem
1/3/2025	Listed for rent	$1,125$1/sqft
Source: Zillow Rentals Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,099 +15.5%	$20,850 +44.3%
2024	$952 +8.1%	$14,450
2023	$880	$14,450
2022	--	$14,450
2021	--	$14,450 +22.2%
2020	$378	$11,825
2019	$378 -21.1%	$11,825
2018	$479 -45.1%	$11,825
2017	$873 +112.6%	$11,825 -2.1%
2016	$411 -4.1%	$12,075
2014	$428	$12,075
2013	--	$12,075 -10.1%
2012	--	$13,425
2011	--	$13,425
2010	--	$13,425
2009	--	$13,425 -6.4%
2008	--	$14,350
2007	--	$14,350
2006	--	$14,350
2005	--	$14,350 +17.9%
2004	--	$12,175
2003	--	$12,175
2002	--	$12,175
2001	--	$12,175 +15.4%
2000	--	$10,550