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$95,000   Price Analysis
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397 Carbon Rd
Memphis, TN 38109
3 bed 1 bath unknown SqFt ($0/SqFt)
8,712SqFt lot. Built 1961
Listed 2024-04-22, Taxes $616
Ⓧ USDA Ineligible
due to location

near Memphis

Incredible Investment Opportunity!

This property is currently occupied by a tenant that is on a lease from 3/26/2024 until 3/31/2025. The current tenant is paying $850 per month. This property is currently being professionally manged by Reedy and Company who completed a fresh turnover before the tenant moved in.

Now showings without an accepted offer. No wholesale or creative financing offers.


Presented by Mark Hart at
Reedy & Company, REALTORS.


Property MLS #10170620 from Memphis

Bedrooms: 3

Total Rooms: 5

Total Bathrooms: 1 / 0
Full Bathrooms: 1

Cooling Features: Central
Heating Features: Central

Interior Amenities: Separate Living Room, All Bedrooms Down, Heated SqFt Range: 100-999
Flooring: Hardwood Throughout

Wrought Iron Security Drs

Lot Description: Some Trees, Level
Lot Size Acres: 0.2
Lot Size Dimensions: 85X107
Lot Size Square Feet: 8712

Parking Features: Driveway/Pad

Annual Tax Amount: 343
Source Listing Status: Active
County: Shelby
Directions: From New Horn Lake Rd go west on W Mitchell Rd, turn left on Rochester Rd, turn right on Carbon Rd, house is on the left
Source Property Type: Residential
Area: Mitchell/Westwood
Source Neighborhood: J E WALKER HOMES
Subdivision: J E WALKER HOMES
Property Subtype: Detached Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$8,750 + $1,375
$10,125
$616
2021$8,750 + $1,375
$10,125
$624
2020$6,425 + $1,375
$7,800
$565
2019$6,425 + $1,375
$7,800
$565
2018$6,425 + $1,375
$7,800
$565
2017$6,425 + $1,375
$7,800
$320
2016$5,475 + $1,375
$6,850
$299
2015$5,475 + $1,375
$6,850
$299
2014$5,475 + $1,375
$6,850
$299
2013$6,900 + $1,375
$8,275
$362
2012$2,675 + $2,275
$4,950
$198
2010$3,050 + $2,275
$5,325
$411
2007$9,425 + $1,950
$11,375
$850
2006$9,425 + $1,950
$11,375
$850

Price Changed 2024-05-07
$95,000
Memphis
Listed 2024-04-22
$99,900
Memphis
Listing removed 2024-02-28
$0
TenantTurner
Listed for rent 2024-02-26
$850
TenantTurner
Listing removed 2023-06-30
$0
TenantTurner
Listed for rent 2023-06-07
$850
TenantTurner
Sold 2021-10-12
$58,000
Memphis
Listing removed 2021-09-02
$0
TenantTurner
Listed for rent 2021-08-03
$900
TenantTurner
Sold 2020-11-04
$46,000
Memphis
Sold 2007-05-25
$55,000
Public Record

Year Built: 1961
Building Exterior Type: Brick Veneer, Wood/Composition
Foundation Details: Slab
Property Age: 63
Roof: Composition Shingles
Levels or Stories: 1
Structure Type: General Residential
House Style: Traditional
Year Built Details: Existing Property
SqFt Maximum: 999
SqFt Minimum: 100

Sewer: Public Water, Public Sewer

Ford Road Elementary School is a public elementary school located approximately 0.3 miles away.
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Mitchell High School is a public high school located approximately 0.5 miles away.
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Chickasaw Junior High School is a public middle school located approximately 1.4 miles away.
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St. Joseph Elementary School is a private elementary school located approximately 1.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.