For sale

Price cut: $50K (9/3)

$225,000

480 Friars Point Ln, Cordova, TN 38018

3beds

1,741sqft

$1,642/mo

Get pre-qualified

Single Family Residence

Built in 1983

9,147 Square Feet Lot

$223,400 Zestimate^®

$129/sqft

$-- HOA

What's special

Updated eat-in kitchenSpacious corner lotBrick gas fireplace

MAJOR PRICE DROP! Investor or Savvy First-Time Homebuyer Opportunity! This 3-bedroom, 2.5-bathroom two-story home offers an excellent opportunity for an investor looking to add to their portfolio or a savvy first-time homebuyer willing to put in some TLC and build equity. Situated on a spacious corner lot, the home features a comfortable layout with a living room showcasing built-in bookshelves and a brick gas fireplace, an updated eat-in kitchen, and a flexible formal dining room that could also be used as a home office. The property only needs some TLC to unlock its full potential.Conveniently located near shopping, dining, and major highways, this home offers plenty of opportunity at an attractive price point. SALE IS SUBJECT TO APPROVAL BY THE SELLER’S BANK. This is a short sale, and all offers and terms are subject to lender approval. Buyers should allow additional time for the short-sale approval process.

192 days
1,604
211

Facts & features

Interior

Bedrooms & bathrooms

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

Primary bedroom

Area: 195
Dimensions: 13 x 15

Dining room

Area: 110
Dimensions: 10 x 11

Living room

Features: Separate Living Room
Dimensions: 0 x 0

Den

Area: 266
Dimensions: 14 x 19

Heating

Central

Cooling

Central Air

Features

All Bedrooms Up, Square Feet Source: Appraisal
Flooring: Part Carpet, Tile
Number of fireplaces: 1

Interior area

Total interior livable area: 1,741 sqft

Property

Parking

Total spaces: 2
Parking features: Garage Faces Side
Has garage: Yes
Covered spaces: 2

Features

Stories: 2
Exterior features: Other (See REMARKS)
Pool features: None

Lot

Size: 9,147 Square Feet
Dimensions: 104 x 125
Features: Corner Lot

Details

Parcel number: 091076 00022

Construction

Type & style

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

Condition

New construction: No
Year built: 1983

Community & HOA

Community

Subdivision: Walnut Grove Woods Phase 1

Location

Region: Cordova

Financial & listing details

Price per square foot: $129/sqft
Tax assessed value: $258,100
Annual tax amount: $3,401
Price range: $225K - $225K
Date on market: 3/27/2026
Cumulative days on market: 192 days

Estimated market value

$223,400

$212,000 - $235,000

$1,848/mo

Price history

Date	Event	Price
9/3/2026	Price change	$225,000-18.2%$129/sqft
Source: MAAR #10217809 Report a problem
6/24/2026	Price change	$275,000+2.2%$158/sqft
Source: MAAR #10217809 Report a problem
4/30/2026	Price change	$269,000-2.2%$155/sqft
Source: MAAR #10217809 Report a problem
3/27/2026	Listed for sale	$275,000+2%$158/sqft
Source: MAAR #10217809 Report a problem
1/17/2023	Sold	$269,700$155/sqft
Source: MAAR #10137155 Report a problem
1/15/2023	Pending sale	$269,700$155/sqft
Source: MAAR #10137155 Report a problem
12/19/2022	Contingent	$269,700$155/sqft
Source: MAAR #10137155 Report a problem
12/8/2022	Price change	$269,7000%$155/sqft
Source: MAAR #10137155 Report a problem
12/1/2022	Price change	$269,8000%$155/sqft
Source: MAAR #10137155 Report a problem
11/27/2022	Price change	$269,900-1.9%$155/sqft
Source: MAAR #10137155 Report a problem
11/5/2022	Listed for sale	$275,000+72%$158/sqft
Source: MAAR #10137155 Report a problem
3/23/2019	Listing removed	$159,900$92/sqft
Source: Keller Williams Realty Memphis Central #10048450 Report a problem
3/22/2019	Listed for sale	$159,900+41.8%$92/sqft
Source: Keller Williams Realty Memphis Central #10048450 Report a problem
10/25/2018	Listing removed	$112,801-15.2%$65/sqft
Source: Auction.com Report a problem
10/18/2018	Listed for sale	--
Source: Auction.com Report a problem
6/15/2010	Sold	$133,000+40.1%$76/sqft
Source: Public Record Report a problem
9/26/2007	Sold	$94,900-31.6%$55/sqft
Source: Public Record Report a problem
5/25/2007	Sold	$138,729+7.5%$80/sqft
Source: Public Record Report a problem
5/3/2001	Sold	$129,000+33%$74/sqft
Source: Public Record Report a problem
6/12/1997	Sold	$97,000$56/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,401 +17.6%	$64,525 +47%
2024	$2,891 +8.1%	$43,900
2023	$2,674	$43,900
2022	--	$43,900
2021	--	$43,900 +44.4%
2020	$972	$30,400
2019	$972 -21.1%	$30,400
2018	$1,231 -45.1%	$30,400
2017	$2,244 +136.3%	$30,400 +8.9%
2016	$949 -6.2%	$27,925
2014	$1,012	$27,925
2013	--	$27,925 -12%
2012	--	$31,725
2011	--	$31,725
2010	--	$31,725
2009	--	$31,725 -3.2%
2008	--	$32,775
2007	--	$32,775
2006	--	$32,775
2005	--	$32,775 +6.6%
2004	--	$30,750
2003	--	$30,750
2002	--	$30,750
2001	--	$30,750 +14.6%
2000	--	$26,825