For sale

$145,500

5840 Grassy Valley Dr, Memphis, TN 38141

2beds

1,284sqft

$1,003/mo

Get pre-qualified

Townhouse

Built in 1986

3,484 Square Feet Lot

$142,100 Zestimate^®

$113/sqft

$-- HOA

What's special

Well-maintained home

Whether you're looking for a place to call home or a smart investment opportunity, this property fits the bill. Offering over1,200 square feet of comfortable living space, this well-maintained home features 2 bedrooms and 2 full bathrooms, making it ideal for a single professional, a couple, a growing family, or as an income-producing rental. Priced below appraisal, it presents exceptional value in today's market. As one of the few homes still available in the area, this is a rare opportunity. This home is expected to sell quickly, so don't miss your chance to make it yours. Conveniently located near shopping, dining, schools, and everyday amenities, with no HOA fees and low monthly maintenance, this property combines affordability, convenience, and long-term potential.

4 days

121

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Carpet
Level: First
Dimensions: 0 x 0

Bedroom 2

Features: Carpet, Private Full Bath
Level: Second
Dimensions: 0 x 0

Primary bathroom

Features: Tile Floor, Full Bath

Dining room

Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Pantry, Washer/Dryer Connections

Living room

Features: Great Room
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central, Natural Gas, Electric

Cooling

220 Wiring, Ceiling Fan(s), Central Air

Appliances

Included: Electric Water Heater, Range/Oven, Disposal, Dishwasher
Laundry: Laundry Room, Laundry Closet

Features

1 or More BR Down, Primary Down, 2 Full Primary Baths, Full Bath Down, Textured Ceiling, Den/Great Room, Kitchen, Primary Bedroom, 1 Bath, Laundry Room, 2nd Bedroom, 1 Bath, Storage, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Carpet, Tile, Vinyl
Doors: Storm Door(s)
Windows: Aluminum Frames, Excl Some Window Treatmnt
Attic: Attic Access
Number of fireplaces: 1
Fireplace features: Masonry, In Den/Great Room

Interior area

Total interior livable area: 1,284 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1.5
Patio & porch: Deck
Exterior features: Storage
Pool features: None
Fencing: Wood,Wood Fence

Lot

Size: 3,484 Square Feet
Dimensions: 32 x 120
Features: Level, Landscaped, Zero Lot Line

Details

Parcel number: 093407 M00030

Construction

Type & style

Home type: Townhouse
Architectural style: Soft Contemporary
Property subtype: Townhouse
Attached to another structure: Yes

Materials

Brick Veneer, Wood/Composition
Foundation: Slab
Roof: Composition Shingles

Condition

New construction: No
Year built: 1986

Details

Warranty included: Yes

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Cable Available

Community & HOA

Community

Security: Smoke Detector(s), Burglar Alarm, Iron Door(s), Dead Bolt Lock(s), Wrought Iron Security Drs
Subdivision: Ridgetop Estates Sec A 1st Addn

Location

Region: Memphis

Financial & listing details

Price per square foot: $113/sqft
Tax assessed value: $132,200
Annual tax amount: $1,742
Price range: $145.5K - $145.5K
Date on market: 8/1/2026
Listing terms: Conventional,FHA,VA Loan

Estimated market value

$142,100

$135,000 - $149,000

$1,281/mo

Price history

Date	Event	Price
8/1/2026	Listed for sale	$145,500+79.6%$113/sqft
Source: MAAR #10227431 Report a problem
3/29/2019	Sold	$81,000-4.1%$63/sqft
Source: MAAR #10042855 Report a problem
2/8/2019	Price change	$84,500-5.6%$66/sqft
Source: Adaro Realty, Inc. #10042855 Report a problem
12/22/2018	Listed for sale	$89,500+135.5%$70/sqft
Source: Adaro Realty, Inc. #10042855 Report a problem
9/27/2013	Sold	$38,000-44.9%$30/sqft
Source: MAAR #3280065 Report a problem
8/8/2000	Sold	$69,000+1.5%$54/sqft
Source: Public Record Report a problem
2/10/2000	Sold	$68,000$53/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,742 +33.8%	$33,050 +67.1%
2024	$1,302 +8.1%	$19,775
2023	$1,205	$19,775
2022	--	$19,775
2021	--	$19,775 +44.9%
2020	$436	$13,650
2019	$436 -21.1%	$13,650
2018	$553 -45.1%	$13,650
2017	$1,008 +121.2%	$13,650 +1.9%
2016	$456 -18%	$13,400
2014	$556	$13,400
2013	--	$13,400 -23.1%
2012	--	$17,425
2011	--	$17,425
2010	--	$17,425
2009	--	$17,425 -6.1%
2008	--	$18,550
2007	--	$18,550
2006	--	$18,550
2005	--	$18,550 +2.2%
2004	--	$18,150
2003	--	$18,150
2002	--	$18,150
2001	--	$18,150 +2.5%
2000	--	$17,700

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Get pre-qualified