For sale

Price cut: $2.5K (7/9)

$218,000

774 E Prescott Cir, Memphis, TN 38111

3beds

1,189sqft

$1,458/mo

Get pre-qualified

Single Family Residence

Built in 1940

7,840 Square Feet Lot

$213,600 Zestimate^®

$183/sqft

$-- HOA

What's special

Separate living quartersUpdated bathroom

Ready for its next owner! Just minutes from the University of Memphis, this property offers flexibility, value, and income potential all in one package. Featuring a 2 bed / 1 bath main home plus a detached studio/in-law suite complete with its own kitchen and bathroom, it's ideal for investors, house hackers, or anyone looking for extra space. The property includes separate living quarters, an updated bathroom, and a recently serviced and upgraded HVAC system. Whether you're looking to generate rental income or offset your mortgage with a second unit, opportunities like this don't come around often.

96 days
124
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Sun Room

Primary bedroom

Area: 156
Dimensions: 12 x 13

Dining room

Area: 90
Dimensions: 9 x 10

Kitchen

Features: Washer/Dryer Connections

Living room

Features: Separate Living Room
Area: 221
Dimensions: 13 x 17

Den

Area: 180
Dimensions: 12 x 15

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Vent Hood/Exhaust Fan, Range/Oven, Gas Cooktop, Dishwasher
Laundry: Laundry Closet

Features

Renovated Bathroom, Smooth Ceiling, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Hardwood, Tile, Marble/Terrazzo, Vinyl
Number of fireplaces: 1
Fireplace features: Masonry, Living Room

Interior area

Total interior livable area: 1,189 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad, Garage Faces Front
Has garage: Yes
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch, Patio, Covered Patio
Pool features: None
Fencing: Brick/Stone Fenced,Brick or Stone Fence

Lot

Size: 7,840 Square Feet
Dimensions: 40 x 154
Features: Some Trees, Level, Landscaped

Details

Parcel number: 045116 00030

Construction

Type & style

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

Materials

Brick Veneer
Roof: Composition Shingles

Condition

New construction: No
Year built: 1940

Community & HOA

Community

Security: Iron Door(s), Wrought Iron Security Drs
Subdivision: Prescott Circle

Location

Region: Memphis

Financial & listing details

Price per square foot: $183/sqft
Tax assessed value: $222,900
Annual tax amount: $2,937
Price range: $218K - $218K
Date on market: 5/26/2026
Cumulative days on market: 221 days

Estimated market value

$213,600

$203,000 - $224,000

$1,502/mo

Price history

Date	Event	Price
7/9/2026	Price change	$218,000-1.1%$183/sqft
Source: MAAR #10222391 Report a problem
5/26/2026	Listed for sale	$220,500$185/sqft
Source: MAAR #10222391 Report a problem
4/29/2026	Listing removed	$220,500$185/sqft
Source: MAAR #10211694 Report a problem
4/14/2026	Price change	$220,500-1.1%$185/sqft
Source: MAAR #10211694 Report a problem
2/9/2026	Price change	$223,000-0.4%$188/sqft
Source: MAAR #10211694 Report a problem
1/19/2026	Price change	$224,000-0.4%$188/sqft
Source: MAAR #10211694 Report a problem
12/26/2025	Listed for sale	$225,000+5.2%$189/sqft
Source: MAAR #10211694 Report a problem
9/28/2025	Listing removed	$213,900$180/sqft
Source: MAAR #10192943 Report a problem
7/14/2025	Price change	$213,900-0.5%$180/sqft
Source: MAAR #10192943 Report a problem
3/27/2025	Listed for sale	$214,900-0.5%$181/sqft
Source: MAAR #10192943 Report a problem
12/2/2024	Listing removed	$215,900-1.8%$182/sqft
Source: MAAR #10180643 Report a problem
11/12/2024	Price change	$219,900-2.3%$185/sqft
Source: MAAR #10180643 Report a problem
10/1/2024	Price change	$225,000-2.2%$189/sqft
Source: MAAR #10180643 Report a problem
9/6/2024	Listed for sale	$230,000+2.2%$193/sqft
Source: MAAR #10180643 Report a problem
6/21/2023	Sold	$225,000$189/sqft
Source: MAAR #10148291 Report a problem
5/23/2023	Contingent	$225,000$189/sqft
Source: MAAR #10148291 Report a problem
5/19/2023	Listed for sale	$225,000+104.5%$189/sqft
Source: MAAR #10148291 Report a problem
7/1/2021	Sold	$110,000+10.1%$93/sqft
Source: MAAR #10100781 Report a problem
6/3/2021	Listed for sale	$99,900$84/sqft
Source: MAAR #10100781 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,937 +70.6%	$55,725 +113.1%
2024	$1,722 +96.7%	$26,150 +81.9%
2023	$876	$14,375
2022	--	$14,375 -25.2%
2021	--	$19,225 +74.8%
2020	$301	$11,000
2019	$301 -32.5%	$11,000
2018	$446 -45.1%	$11,000
2017	$812 +71.5%	$11,000 -21%
2016	$473 +0.8%	$13,925
2014	$470	$13,925
2013	--	$13,925 -5.4%
2012	--	$14,725
2011	--	$14,725
2010	--	$14,725
2009	--	$14,725
2008	--	$14,725
2007	--	$14,725
2006	--	$14,725
2005	--	$14,725 +5.7%
2004	--	$13,925
2003	--	$13,925
2002	--	$13,925
2001	--	$13,925 +7.1%
2000	--	$13,000