Sold for $86,000

$86,000

93 E Fernwood Ave, Memphis, TN 38109

3beds

1,312sqft

Single Family Residence

Built in 1947

7,840 Square Feet Lot

$84,400 Zestimate^®

$66/sqft

$1,174 Estimated rent

Home value

$84,400

$78,000 - $91,000

$1,174/mo

Zestimate^® history

Owner options

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$1,174/mo

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$1,174/mo

Rent Zestimate^®

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$432/mo

Est. payment

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$432/mo

Est. payment

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What's special

Hot water heater

Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $870 per month and is on a lease from 4/1/2024 until 3/31/2025. This property was newly renovated in 2022 and a new furnace and central A/C, and hot water heater were installed at that time. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Dimensions: 0 x 0

Dining room

Dimensions: 0 x 0

Kitchen

Features: Updated/Renovated Kitchen

Living room

Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down
Flooring: Wood Laminate Floors, Tile
Basement: Crawl Space
Has fireplace: No

Interior area

Total interior livable area: 1,312 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad
Covered spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch
Pool features: None

Lot

Size: 7,840 Square Feet
Dimensions: 59 x 135
Features: Level

Details

Parcel number: 050058 00004

Construction

Type & style

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

Materials

Brick Veneer, Wood/Composition
Roof: Composition Shingles

Condition

New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Mcgehee & Pilley Re Blk 35

Location

Region: Memphis

Financial & listing details

Price per square foot: $66/sqft
Tax assessed value: $100,100
Annual tax amount: $1,175
Price range: $86K - $86K
Date on market: 12/5/2024
Cumulative days on market: 22 days

Price history

Date	Event	Price
1/31/2025	Sold	$86,000-4.3%$66/sqft
Source: MAAR #10186257 Report a problem
12/27/2024	Pending sale	$89,900$69/sqft
Source: MAAR #10186257 Report a problem
12/5/2024	Listed for sale	$89,900-7.2%$69/sqft
Source: MAAR #10186257 Report a problem
4/14/2022	Sold	$96,900$74/sqft
Source: MAAR #10114440 Report a problem
12/16/2021	Pending sale	$96,900$74/sqft
Source: MAAR #10114440 Report a problem
12/16/2021	Listed for sale	$96,900+176.9%$74/sqft
Source: MAAR #10114440 Report a problem
4/8/2021	Sold	$35,000-7.9%$27/sqft
Source: Public Record Report a problem
8/31/2019	Listing removed	$700$1/sqft
Source: McWaters & Associates #10059584 Report a problem
8/16/2019	Sold	$38,000-9.5%$29/sqft
Source: MAAR #10048084 Report a problem
8/14/2019	Listed for rent	$700$1/sqft
Source: McWaters & Associates #10059584 Report a problem
5/30/2019	Price change	$42,000-4.5%$32/sqft
Source: BenchMark at Southwind, LLC #10048084 Report a problem
3/15/2019	Listed for sale	$44,000+120%$34/sqft
Source: BenchMark at Southwind, LLC #10048084 Report a problem
2/2/2005	Sold	$20,000-49.9%$15/sqft
Source: Public Record Report a problem
7/20/2004	Sold	$39,900+14%$30/sqft
Source: Public Record Report a problem
11/15/1994	Sold	$35,000$27/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,319 +3.8%	$25,025 +29.7%
2024	$1,271 +8.1%	$19,300
2023	$1,176	$19,300 +103.2%
2022	--	$9,500
2021	--	$9,500 +9.5%
2020	$277	$8,675
2019	$277 -21.1%	$8,675
2018	$351 -45.1%	$8,675
2017	$640 +111.6%	$8,675 -2.5%
2016	$303 -20.6%	$8,900
2014	$381	$8,900
2013	--	$8,900 -25.5%
2012	--	$11,950
2011	--	$11,950
2010	--	$11,950
2009	--	$11,950 +37%
2008	--	$8,725
2007	--	$8,725
2006	--	$8,725
2005	--	$8,725 -31.2%
2004	--	$12,675
2003	--	$12,675
2002	--	$12,675
2001	--	$12,675 +30%
2000	--	$9,750