Pending

Price cut: $10K (6/3)

$49,900

3061 Southern Ave, Memphis, TN 38111

3beds

840sqft

N/A

Get pre-qualified

Single Family Residence

Built in 1945

9,583 Square Feet Lot

$-- Zestimate^®

$59/sqft

$-- HOA

What's special

Spacious tree-lined lotFunctional layout

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!

179 days
227
13

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: 154 days

Estimated market value

Not available

Estimated sales range

Not available

$1,038/mo

Price history

Date	Event	Price
8/21/2026	Pending sale	$49,900$59/sqft
Source: MAAR #10215831 Report a problem
7/9/2026	Listed for sale	$49,900$59/sqft
Source: MAAR #10215831 Report a problem
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