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1240 Race St; Memphis, TN Property Details

1240 Race St, Memphis, TN is a Vacant Land General. This property is currently Financed and is not for sale. The lot size of 1240 Race St is 7,104 square feet.

Off market
1240 Race St Memphis, TN 38106
$1,225 Estimated Value
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Purchase Price: $8,000
  • Est. Equity / %: $186,000 / 100%
  • APN: 02-5075-0-0035
  • Situs County: Shelby
  • Length Of Ownership: 30 years, 3 months

Measurements

  • Lot: 7,104/SqFt

Legal Description

  • Description: ES RACE
Building Insights

Land Information

  • Property Type: Vacant Land General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.113174 / -90.037025
  • Subdivision: Freeman
  • Property Class: Vacant
  • Zoning: R-6
  • County Use Code: 000

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3217

HOA

  • H O A One Name: John J. Freeman
  • H O A One Type: Home Owner Association
  • H O A Two Name: Valley Forge
  • H O A Two Type: Home Owner Association

Ownership Info

1240 Race St has no associated ownership info
1240 Race St has no associated ownership info.

Taxes

1240 Race St has 10 associated Taxes items

1240 Race St, 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 $1,225. The APN we've located for 1240 Race St is 02-5075-0-0035.

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Taxes
  • Assessed Value:  $1,225
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  02-5075-0-0035
  • Assessed Land Value:  1225
  • Market Land Value:  4900
  • Tax Amount:  32.95
  • Tax Year:  2025
  • Market Value:  4900
  • Market Year:  2025

Tax History

1240 Race St has 7 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $1,225 Land Value $1,225 Improvement Value Tax Amount $32.95 Change Rate +0.295714% Assessed CR Tax Rate +0.026898%
Year 2024 Assessed Value $750 Land Value $750 Improvement Value Tax Amount $25.43 Change Rate -0.443423% Assessed CR Tax Rate +0.033907%
Year 2023 Assessed Value $750 Land Value $750 Improvement Value Tax Amount $45.69 Change Rate Assessed CR Tax Rate +0.06092%
Year 2022 Assessed Value $750 Land Value $750 Improvement Value Tax Amount $45.69 Change Rate +1.245209% Assessed CR Tax Rate +0.06092%
Year 2021 Assessed Value $750 Land Value $750 Improvement Value Tax Amount $20.35 Change Rate -0.151022% Assessed CR Tax Rate +0.027133%
Year 2020 Assessed Value $750 Land Value $750 Improvement Value Tax Amount $23.97 Change Rate Assessed CR Tax Rate +0.03196%
Year 2019 Assessed Value $750 Land Value $750 Improvement Value Tax Amount $23.97 Change Rate Assessed CR Tax Rate +0.03196%