Unlock the incredible potential of this 3-bedroom, 1-bath home situated on a spacious, tree-lined lot, PLUS an additional home located on the property, offering even more possibilities. This property is a rare find for investors and visionaries alike. Whether you're looking for your next flip, a multi-unit rental opportunity, or a property with space for extended living, this one delivers flexibility and upside. The main home features a functional layout ready for your updates and creative vision. With the right improvements, it can truly shine and significantly increase in value. The generous lot provides ample space for outdoor living, expansion, or future enhancements to maximize returns. *The additional home on site opens the door to even more potential, rental income, guest house, in-law space, or renovation project. Buyers are encouraged to explore the possibilities and verify details to suit their needs. OWNER FINANCE available!
Pending
Price cut: $10K (6/3)
$49,900
3061 Southern Ave, Memphis, TN 38111
3beds
840sqft
Single Family Residence
Built in 1945
9,583 Square Feet Lot
$-- Zestimate®
$59/sqft
$-- HOA
What's special
Spacious tree-lined lotFunctional layout
- 127 days |
- 60 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Jonathan Nunez,
Fast Track Realty, LLC 901-767-8770
Source: MAAR,MLS#: 10215831
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Dimensions: 0 x 0
Dining room
- Dimensions: 0 x 0
Living room
- Dimensions: 0 x 0
Den
- Dimensions: 0 x 0
Heating
- Other (See REMARKS)
Cooling
- Other (See REMARKS)
Features
- All Bedrooms Down, Square Feet Source: RPR
- Has fireplace: No
Interior area
- Total interior livable area: 840 sqft
Property
Parking
- Parking features: Driveway/Pad, Other (See REMARKS)
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
- Fencing: Wrought Iron,Iron Fence
Lot
- Size: 9,583 Square Feet
- Dimensions: 91 x 109
Details
- Parcel number: 045088 00003
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1945
Community & HOA
Community
- Subdivision: Spottswood
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $59/sqft
- Tax assessed value: $67,800
- Annual tax amount: $893
- Price range: $49.9K - $49.9K
- Date on market: 3/3/2026
- Cumulative days on market: 126 days
Estimated market value
Not available
Estimated sales range
Not available
$1,131/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Pending sale | $49,900$59/sqft |
Source:  MAAR #10215831 Report a problem | ||
| 6/3/2026 | Price change | $49,900-16.7%$59/sqft |
Source: MAAR #10215831 Report a problem | ||
| 5/21/2026 | Price change | $59,900-7.7%$71/sqft |
Source: MAAR #10215831 Report a problem | ||
| 3/3/2026 | Listed for sale | $64,900+22.5%$77/sqft |
Source: MAAR #10215831 Report a problem | ||
| 12/5/2023 | Sold | $53,000$63/sqft |
Source: MAAR #10162361 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $893 +39.1% | $16,950 +73.8% |
| 2024 | $642 +8.1% | $9,750 |
| 2023 | $594 | $9,750 |
| 2022 | -- | $9,750 |
| 2021 | -- | $9,750 +20.7% |
| 2020 | $258 | $8,075 |
| 2019 | $258 -21.1% | $8,075 |
| 2018 | $327 -45.1% | $8,075 |
| 2017 | $596 +127.7% | $8,075 +4.9% |
| 2016 | $262 -10.3% | $7,700 |
| 2014 | $292 | $7,700 |
| 2013 | -- | $7,700 -15.8% |
| 2012 | -- | $9,150 |
| 2011 | -- | $9,150 |
| 2010 | -- | $9,150 |
| 2009 | -- | $9,150 -1.3% |
| 2008 | -- | $9,275 |
| 2007 | -- | $9,275 |
| 2006 | -- | $9,275 |
| 2005 | -- | $9,275 -15.1% |
| 2004 | -- | $10,925 |
| 2003 | -- | $10,925 |
| 2002 | -- | $10,925 |
| 2001 | -- | $10,925 +2.8% |
| 2000 | -- | $10,625 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: East Memphis-Colonial-Yorkshire
Nearby schools
GreatSchools rating
- NAHanley Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 5/10Sherwood Middle SchoolGrades: 6-8Distance: 1.3 mi
- 3/10Melrose High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Shelby County
- Memphis
- 38111
- East Memphis-Colonial-Yorkshire
- 3061 Southern Ave
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