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Sold for $40,000
    • $40,000

    5655 Encino Cv APT 1, Memphis, TN 38115

    2beds
    960sqft
    Condominium
    Built in 1973
    -- sqft lot
    $-- Zestimate®
    $42/sqft
    $1,064 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,064/mo

    Zestimate® history
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    What's special

    Investment opportunity with tremendous upside! This condo is available for showings! Property was in the middle of renovations before the seller decided to sell, leaving only a few finishing touches and remaining materials for the next owner. Complete the cleanup, install the microwave, mirror, and shower heads, and this unit could be turnkey and rent-ready for up to $850 per month. A great opportunity for investors looking for a low-cost project with strong rental potential. Being sold AS-IS in a Memphis investor portfolio which includes 5655 Encino Cove, Apt 1, 38115; 5660 Los Gatos Dr, Apt 2, 38115, 5698 Los Gatos Dr, Apt 101, 38115; 2800 Mojave Pl, Apt 173, 38115; 2829 Sonora Dr, Apt 2, 38115; & 2567 Oxford Ave. That's 5 condos in the Hamlets & 1 duplex in Binghampton. The seller would like to sell all properties as a package but they can be sold individually as well. Contact a local realtor to make your offer today! VIDEO AVAILABLE UPON REQUEST!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jordan A Ray,

    eXp Realty, LLC

    Bought with:

    Jordan A Ray

    eXp Realty, LLC

    Source: MAAR,MLS#: 10226196MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Entry Hall, Loft/Balcony, Other (See Remarks)
    Primary bedroom
    • Dimensions: 0 x 0
    Bedroom 2
    • Dimensions: 0 x 0
    Primary bathroom
    • Features: Tile Floor, Full Bath
    Dining room
    • Dimensions: 0 x 0
    Kitchen
    • Features: Updated/Renovated Kitchen, Washer/Dryer Connections
    • Dimensions: 0 x 0
    Living room
    • Features: LR/DR Combination
    • Dimensions: 0 x 0
    Den
    • Dimensions: 0 x 0
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Vent Hood/Exhaust Fan, Dishwasher, Disposal, Microwave, Other (See REMARKS), Refrigerator
    • Laundry: Laundry Closet
    Features
    • Full Bath Down, Other (See Remarks), Renovated Bathroom, Storage, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
    • Flooring: Tile, Vinyl
    • Has fireplace: No
    Interior area
    • Total interior livable area: 960 sqft

    Property

    Parking
    • Parking features: Gated, Other (See REMARKS), Parking Lot, Unassigned
    Features
    • Stories: 1
    • Exterior features: Tennis Court(s), On-Site Storage, Balcony, Enclosed Balcony, Storage, Sidewalks, Other (See REMARKS)
    • Pool features: Community, Neighborhood
    Lot
    • Size: 8,712 Square Feet
    • Features: Well Landscaped Grounds
    Details
    • Additional structures: Pool House
    • Parcel number: 074090 A00076

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Traditional
    • Property subtype: Condominium
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1973

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Clubhouse, Gated, Other (See Remarks), Tennis Court(s), On-Site Storage, Other (See REMARKS)
    • Security: Smoke Detector(s), Dead Bolt Lock(s), Iron Door(s), Other (See REMARKS)
    • Subdivision: The Hamlets
    HOA
    • Services included: Exterior Insurance, Maintenance Structure, Maintenance Grounds, Management Fees, Other (See REMARKS), Parking, Reserve Fund, Trash
    Location
    • Region: Memphis

    Financial & listing details

    • Price per square foot: $42/sqft
    • Tax assessed value: $37,100
    • Annual tax amount: $489
    • Price range: $40K - $40K
    • Date on market: 7/15/2026
    • Cumulative days on market: 28 days
    • Listing terms: Conventional,Other (See REMARKS)

    Price history

    DateEventPrice
    9/4/2026Sold$40,000$42/sqft
    Source: MAAR #10226196 Report a problem
    8/18/2026Pending sale$40,000$42/sqft
    Source: MAAR #10226196 Report a problem
    7/28/2026Listed for sale$40,000$42/sqft
    Source: MAAR #10226196 Report a problem
    7/22/2026Pending sale$40,000$42/sqft
    Source: MAAR #10226196 Report a problem
    7/15/2026Listed for sale$40,000+300%$42/sqft
    Source: MAAR #10226196 Report a problem
    3/21/2018Listing removed$595$1/sqft
    Source: Reedy and Company Realtors, LLC Report a problem
    3/3/2018Listed for rent$595$1/sqft
    Source: Reedy and Company Realtors, LLC Report a problem
    3/8/2017Listing removed$595$1/sqft
    Source: Reedy and Company Realtors LLC Report a problem
    3/2/2017Price change$595-8.5%$1/sqft
    Source: Reedy and Company Realtors LLC Report a problem
    2/11/2017Listed for rent$650$1/sqft
    Source: Reedy and Company Realtors LLC Report a problem
    10/23/2015Listing removed$650$1/sqft
    Source: Reedy & Company Report a problem
    10/2/2015Listed for rent$650$1/sqft
    Source: Reedy & Company Report a problem
    11/19/2014Sold$10,000$10/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$489 +16.4%$9,275 +45.5%
    2024$420 +8.1%$6,375
    2023$388 $6,375
    2022-- $6,375
    2021-- $6,375 +34.2%
    2020$152 $4,750
    2019$152 -21.1%$4,750
    2018$192 -45.1%$4,750
    2017$351 +27.7%$4,750 -41.2%
    2016$275 -10.6%$8,075
    2014$307 $8,075
    2013-- $8,075 -16.1%
    2012-- $9,625
    2011-- $9,625
    2010-- $9,625
    2009-- $9,625
    2008-- $9,625
    2007-- $9,625
    2006-- $9,625
    2005-- $9,625 +5.5%
    2004-- $9,125
    2003-- $9,125
    2002-- $9,125
    2001-- $9,125 +6.1%
    2000-- $8,600
    Find assessor info on the county website

    Neighborhood: Hickory Ridge-South Riverdale

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