Sold for $63,000

$63,000

845 Gracewood St, Memphis, TN 38112

2beds

848sqft

Single Family Residence

Built in 1948

8,276 Square Feet Lot

$93,800 Zestimate^®

$74/sqft

$963 Estimated rent

Home value

$93,800

$79,000 - $108,000

$963/mo

Zestimate^® history

Owner options

List your home for rent

$963/mo

Rent Zestimate^®

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$963/mo

Rent Zestimate^®

Refinance and save

$317/mo

Est. payment

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$317/mo

Est. payment

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What's special

This well-built 2-bedroom, 1-bath home sits at the end of a quiet dead-end street, surrounded by owner-occupied homes in a rapidly growing neighborhood with rising property values. With major updates already completed, this property is a smart investment or a move-in-ready home. Recent upgrades include a brand-new PEX plumbing system installed in September 2024, a fully replaced HVAC system in 2022, and updated electrical wiring with modern lighting throughout. The spacious lot offers plenty of outdoor potential, but the real bonus is the nearly 400 sq. ft. detached garage—perfect for converting into a tiny house, ADU, or guest suite. With a smart renovation, it could generate extra rental income or serve as a private studio or additional living space. With just a few cosmetic touches, this home is primed to become a high-performing rental or a cozy residence in a high-demand area. Don’t miss this opportunity—contact the listing agent today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Level: First
Area: 154
Dimensions: 11 x 14

Bedroom 2

Level: First
Area: 121
Dimensions: 11 x 11

Dining room

Area: 88
Dimensions: 8 x 11

Kitchen

Area: 99
Dimensions: 9 x 11

Living room

Area: 165
Dimensions: 11 x 15

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Appliances

Included: Cooktop, Gas Cooktop, Dishwasher, Other (See REMARKS)

Features

All Bedrooms Down, 1 or More BR Down, Primary Down, Split Bedroom Plan, Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
Has fireplace: No

Interior area

Total interior livable area: 848 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
Pool features: None
Fencing: Chain Fence

Lot

Size: 8,276 Square Feet
Dimensions: 60 x 145
Features: Level, Well Landscaped Grounds

Details

Parcel number: 052085 00022

Construction

Type & style

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

Materials

Wood/Composition

Condition

New construction: No
Year built: 1948

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Conrad Re

Location

Region: Memphis

Financial & listing details

Price per square foot: $74/sqft
Tax assessed value: $45,400
Annual tax amount: $415
Price range: $63K - $63K
Date on market: 11/4/2024
Cumulative days on market: 198 days

Price history

Date	Event	Price
9/12/2025	Listing removed	$1,295$2/sqft
Source: Zillow Rentals Report a problem
9/4/2025	Listed for rent	$1,295$2/sqft
Source: Zillow Rentals Report a problem
5/30/2025	Sold	$63,000-15.9%$74/sqft
Source: MAAR #10184562 Report a problem
3/8/2025	Price change	$74,900-9.7%$88/sqft
Source: MAAR #10184562 Report a problem
12/4/2024	Price change	$82,900-7.8%$98/sqft
Source: MAAR #10184562 Report a problem
11/4/2024	Listed for sale	$89,900+221.1%$106/sqft
Source: MAAR #10184562 Report a problem
10/23/2006	Sold	$28,000+133.3%$33/sqft
Source: Public Record Report a problem
9/30/2004	Sold	$12,000-69%$14/sqft
Source: Public Record Report a problem
12/3/2003	Sold	$38,672$46/sqft
Source: Public Record Report a problem
8/25/2003	Sold	$38,672+3.1%$46/sqft
Source: Public Record Report a problem
12/17/1997	Sold	$37,500+120.6%$44/sqft
Source: Public Record Report a problem
11/12/1996	Sold	$17,000$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$598 +33.6%	$11,350 +66.9%
2024	$448 +8.1%	$6,800
2023	$414	$6,800
2022	--	$6,800
2021	--	$6,800 +20.4%
2020	$181	$5,650
2019	$181 -21.1%	$5,650
2018	$229 -45.1%	$5,650
2017	$417 +115.2%	$5,650 -0.9%
2016	$194 -11.3%	$5,700
2014	$218	$5,700
2013	--	$5,700 -16.8%
2012	--	$6,850
2011	--	$6,850
2010	--	$6,850
2009	--	$6,850 -10.7%
2008	--	$7,675
2007	--	$7,675
2006	--	$7,675
2005	--	$7,675 -1.9%
2004	--	$7,825
2003	--	$7,825
2002	--	$7,825
2001	--	$7,825 -13.8%
2000	--	$9,075