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1218 Margaret Rd; Memphis, TN Property Details

1218 Margaret Rd, Memphis, TN is a Single Family that was built in 1951. This property is currently a cash purchase and is not for sale. Our records show that 1218 Margaret Rd has 3 bedrooms, and 1 bathroom, and a total of 1,240 square feet. The lot size of 1218 Margaret Rd is 40,000 square feet.

Off market
1218 Margaret Rd Memphis, TN 38109
$31,000 Listing Price
3 Beds
1 Baths
1,240 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1951
  • Purchase Price: $31,000
  • Est. Equity / %: $82,000 / 100%
  • Gross Yield: 8.224%
  • APN: 08-2044-0-0065C
  • Situs County: Shelby
  • Length Of Ownership: 2 years, 7 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Frame
  • Stories: 1
  • Building Condition: Poor
  • Building Quality: C
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 1,240/SqFt
  • Lot: 40,000/SqFt
  • Gross: 1,240/SqFt
  • Living: 1,240/SqFt
  • Building: 1,240/SqFt
  • Ground: 1,240/SqFt
  • Price Per Square Foot: $25.00

Legal Description

  • Description: NS MARAGARET RD SEE MAP GRID# 214 I
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.008945 / -90.104836
  • Subdivision: Old Home Town
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Plus Four: 6222
  • Bathroom Fixtures: 3
  • Heating: Forced air unit

HOA

  • H O A One: $250
  • H O A Amount: $250
  • H O A One Frequency: Annual
  • H O A One Name: Coro Lake Property Owners Association
  • H O A One Type: Home Owner Association

Ownership Info

1218 Margaret Rd has no associated ownership info
1218 Margaret Rd has no associated ownership info.

Taxes

1218 Margaret Rd has 10 associated Taxes items

1218 Margaret Rd, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $10,025. The APN we've located for 1218 Margaret Rd is 08-2044-0-0065C.

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Taxes
  • Assessed Value:  $10,025
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  08-2044-0-0065C
  • Assessed Land Value:  1950
  • Market Land Value:  7800
  • Tax Amount:  269.67
  • Tax Year:  2025
  • Market Value:  40100
  • Market Year:  2025

Tax History

1218 Margaret Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $10,025 Land Value $1,950 Improvement Value $8,075 Tax Amount $269.67 Change Rate +0.336919% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $5,950 Land Value $1,700 Improvement Value $4,250 Tax Amount $201.71 Change Rate Assessed CR Tax Rate +0.033901%
Year 2023 Assessed Value $5,950 Land Value $1,700 Improvement Value $4,250 Tax Amount $201.71 Change Rate -0.443497% Assessed CR Tax Rate +0.033901%
Year 2022 Assessed Value $5,950 Land Value $1,700 Improvement Value $4,250 Tax Amount $362.46 Change Rate -0.01159% Assessed CR Tax Rate +0.060918%
Year 2021 Assessed Value $5,950 Land Value $1,700 Improvement Value $4,250 Tax Amount $366.71 Change Rate -0.338463% Assessed CR Tax Rate +0.061632%
Year 2020 Assessed Value $7,650 Land Value $1,700 Improvement Value $5,950 Tax Amount $554.33 Change Rate +1.267198% Assessed CR Tax Rate +0.072461%
Year 2019 Assessed Value $7,650 Land Value $1,700 Improvement Value $5,950 Tax Amount $244.5 Change Rate Assessed CR Tax Rate +0.031961%
Year 2018 Assessed Value $7,650 Land Value $1,700 Improvement Value $5,950 Tax Amount $244.5 Change Rate -0.023055% Assessed CR Tax Rate +0.031961%
Year 2017 Assessed Value $7,650 Land Value $1,700 Improvement Value $5,950 Tax Amount $250.27 Change Rate -0.216927% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $9,400 Land Value Improvement Value Tax Amount $319.6 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $9,400 Land Value Improvement Value Tax Amount $410.78 Change Rate +0.060214% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $387.45 Change Rate Assessed CR Tax Rate