Sold for $365,000

$365,000

5923 Island Forty Rd, Memphis, TN 38127

4beds

2,036sqft

Single Family Residence

Built in 1961

3.36 Acres Lot

$359,200 Zestimate^®

$179/sqft

$1,816 Estimated rent

Home value

$359,200

$338,000 - $381,000

$1,816/mo

Zestimate^® history

Owner options

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$1,816/mo

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$1,816/mo

Rent Zestimate^®

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$2,295/mo

Est. payment

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$2,295/mo

Est. payment

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What's special

Finished basementScreened in porchStainless steel appliancesUpdated finishes and fixturesKitchen with an islandHardwood floors

Welcome Home to this beautifully renovated 4 bedroom, 2 bath home set on over 3 acres of peaceful countryside. Inside you will find hardwood floors, a kitchen with an island and stainless steel appliances, and more updated finishes and fixtures. This home sports a roof and HVAC system that's less than 10 years old and newer windows that were replaced in 2020. Downstairs is a finished basement with garage that could serve as a gym, home office, or just extra storage space. Outside is a screened in porch perfect for entertaining and lounging. There is also a 60x30ft concrete floored barn with electricity that's ideal for storage, hobbies, or even small livestock. So, whether you are dreaming of a mini farm or just a quiet retreat to spread out this property offers endless possibilities! Schedule your showing today and come fall in love!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Attic

Primary bedroom

Features: Walk-In Closet(s)
Level: First
Area: 238
Dimensions: 14 x 17

Bedroom 2

Features: Hardwood Floor
Level: First
Area: 110
Dimensions: 11 x 10

Bedroom 3

Features: Hardwood Floor
Level: First
Area: 165
Dimensions: 15 x 11

Bedroom 4

Features: Hardwood Floor
Level: First
Area: 121
Dimensions: 11 x 11

Primary bathroom

Features: Tile Floor, Full Bath

Dining room

Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Kitchen Island
Area: 108
Dimensions: 9 x 12

Living room

Features: Separate Living Room
Area: 220
Dimensions: 11 x 20

Office

Features: Hardwood Floor
Level: First
Area: 100
Dimensions: 10 x 10

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Appliances

Included: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator
Laundry: Laundry Room

Features

All Bedrooms Down, Split Bedroom Plan, Renovated Bathroom, Full Bath Down, Walk-In Closet(s), 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, Breakfast Room, Kitchen, Laundry Room, Living Room, Office, Primary Bedroom, Square Feet Source: Appraisal
Flooring: Part Hardwood, Tile
Windows: Window Treatments
Basement: Partial,Walk-Out Access,Finished,Unfinished
Attic: Pull Down Stairs
Has fireplace: No

Interior area

Total interior livable area: 2,036 sqft

Property

Parking

Total spaces: 2
Parking features: Other (See REMARKS), Garage Faces Side
Has garage: Yes
Covered spaces: 2

Features

Stories: 1
Patio & porch: Screen Porch, Covered Patio
Pool features: None
Fencing: Chain Link,Wood Fence,Chain Fence

Lot

Size: 3.36 Acres
Dimensions: 3.36AC
Features: Other (See Remarks), Some Trees

Details

Additional structures: Barn/Stable
Parcel number: D0134 00392

Construction

Type & style

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

Materials

Brick Veneer
Roof: Composition Shingles

Condition

New construction: No
Year built: 1961

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

Community

Subdivision: Ramsey Estate Partition

Location

Region: Memphis

Financial & listing details

Price per square foot: $179/sqft
Tax assessed value: $256,700
Annual tax amount: $1,644
Price range: $365K - $365K
Date on market: 10/10/2025
Cumulative days on market: 28 days
Listing terms: Conventional,FHA,Other (See REMARKS),VA Loan

Price history

Date	Event	Price
12/9/2025	Sold	$365,000$179/sqft
Source: MAAR #10207487 Report a problem
11/8/2025	Pending sale	$365,000$179/sqft
Source: MAAR #10207487 Report a problem
10/28/2025	Price change	$365,000-2.7%$179/sqft
Source: MAAR #10207487 Report a problem
10/10/2025	Listed for sale	$375,000$184/sqft
Source: MAAR #10207487 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,726 +5%	$64,175 +32.3%
2024	$1,644	$48,500
2023	$1,644	$48,500
2022	--	$48,500 +9.5%
2021	--	$44,300 +47.5%
2020	$2,174	$30,025
2019	$2,174 +78.8%	$30,025
2018	$1,216 -1.5%	$30,025
2017	$1,234 -1.9%	$30,025 +4.3%
2016	$1,257	$28,775
2014	--	$28,775
2013	--	$28,775 -1.5%
2012	--	$29,225
2011	--	$29,225
2010	--	$29,225
2009	--	$29,225 -1.2%
2008	--	$29,575
2007	--	$29,575
2006	--	$29,575 -6.6%
2005	--	$31,650 +14.1%
2004	--	$27,750
2003	--	$27,750
2002	--	$27,750
2001	--	$27,750 +21.2%
2000	--	$22,900