For sale

Price cut: $3K (8/31)

$221,900

4950 Pheasant Ridge Cv, Memphis, TN 38141

3beds

1,565sqft

$1,575/mo

Get pre-qualified

Single Family Residence

Built in 1986

0.27 Acres Lot

$220,200 Zestimate^®

$142/sqft

$-- HOA

What's special

Spacious recreation roomStrong curb appeal

INVESTMENT OPPORTUNITY! Don't miss this excellent investment opportunity to own a well-maintained 3-bedroom, 2-bath home in the desirable Village of Pheasant Run! This property features a spacious recreation room, durable laminate wood flooring throughout, and major system updates already completed, including: New HVAC System (2023) Roof Replaced (2022) The home is tenant-occupied with a month-to-month lease, offering immediate rental income while providing flexibility for future plans. Located in a quiet, well-maintained neighborhood with strong curb appeal, this property is an outstanding addition to any investment portfolio. See the potential for yourself!

87 days
119
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Dimensions: 0 x 0

Dining room

Features: Separate Dining Room
Dimensions: 0 x 0

Kitchen

Features: Washer/Dryer Connections

Living room

Features: Great Room
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Primary Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Wood Laminate Floors
Number of fireplaces: 1

Interior area

Total interior livable area: 1,565 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway/Pad
Covered spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None
Waterfront features: Cove

Lot

Size: 0.27 Acres
Dimensions: 64 x 135
Features: Some Trees

Details

Parcel number: D0255S E00056

Construction

Type & style

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

Materials

Brick Veneer, Wood/Composition

Condition

New construction: No
Year built: 1986

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: The Village Of Pheasant Run Sec B

Location

Region: Memphis

Financial & listing details

Price per square foot: $142/sqft
Tax assessed value: $249,100
Annual tax amount: $1,675
Price range: $221.9K - $221.9K
Date on market: 7/1/2026
Cumulative days on market: 90 days

Estimated market value

$220,200

$209,000 - $231,000

$1,758/mo

Price history

Date	Event	Price
8/31/2026	Price change	$221,900-1.3%$142/sqft
Source: MAAR #10225156 Report a problem
7/28/2026	Price change	$224,900-6.3%$144/sqft
Source: MAAR #10225156 Report a problem
7/1/2026	Listed for sale	$239,900+158.8%$153/sqft
Source: MAAR #10225156 Report a problem
5/14/2001	Sold	$92,700-2.4%$59/sqft
Source: Public Record Report a problem
8/17/1998	Sold	$95,000$61/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,675 +13.1%	$62,275 +42.5%
2024	$1,481	$43,700
2023	$1,481	$43,700
2022	--	$43,700
2021	--	$43,700 +31.1%
2020	$2,413	$33,325
2019	$2,413 +78.8%	$33,325
2018	$1,350 -1.5%	$33,325
2017	$1,370 +26%	$33,325 +34%
2016	$1,087	$24,875
2014	--	$24,875
2013	--	$24,875 -15.7%
2012	--	$29,500
2011	--	$29,500
2010	--	$29,500
2009	--	$29,500 -3%
2008	--	$30,400
2007	--	$30,400
2006	--	$30,400
2005	--	$30,400 +18.4%
2004	--	$25,675
2003	--	$25,675
2002	--	$25,675
2001	--	$25,675 +0.7%
2000	--	$25,500