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1562 S 3rd St; Memphis, TN Property Details

1562 S 3rd St, Memphis, TN is a Single Family that was built in 1955. This property is currently a cash purchase and is not for sale. Our records show that 1562 S 3rd St has 2 bedrooms, and 1 bathroom, and a total of 990 square feet. The lot size of 1562 S 3rd St is 3,240 square feet.

Off market
1562 S 3rd St Memphis, TN 38106
$38,900 Listing Price
2 Beds
1 Baths
990 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1955
  • Purchase Price: $38,900
  • Est. Equity / %: $87,000 / 100%
  • Gross Yield: 9.586%
  • APN: 03-5093-0-0024
  • Situs County: Shelby
  • Length Of Ownership: 5 years, 9 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Frame
  • Stories: 1
  • Exterior Wall Type: Brick
  • Building Condition: Average
  • Building Quality: D

Measurements

  • Total: 990/SqFt
  • Lot: 3,240/SqFt
  • Gross: 990/SqFt
  • Living: 990/SqFt
  • Building: 990/SqFt
  • Ground: 990/SqFt
  • Price Per Square Foot: $39.29

Legal Description

  • Description: 18-19 ES THIRD
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: 35.104774 / -90.05517
  • Subdivision: Rayburn Ave
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 5210
  • Bathroom Fixtures: 3
  • Cooling: Window\Unit
  • Heating: Yes

Ownership Info

1562 S 3rd St has no associated ownership info
1562 S 3rd St has no associated ownership info.

Taxes

1562 S 3rd St has 10 associated Taxes items

1562 S 3rd 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 $17,900. The APN we've located for 1562 S 3rd St is 03-5093-0-0024.

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Taxes
  • Assessed Value:  $17,900
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  03-5093-0-0024
  • Assessed Land Value:  900
  • Market Land Value:  3600
  • Tax Amount:  481.51
  • Tax Year:  2025
  • Market Value:  71600
  • Market Year:  2025

Tax History

1562 S 3rd St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $17,900 Land Value $900 Improvement Value $17,000 Tax Amount $481.51 Change Rate +0.582613% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $8,975 Land Value $750 Improvement Value $8,225 Tax Amount $304.25 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $8,975 Land Value $750 Improvement Value $8,225 Tax Amount $304.25 Change Rate -0.443499% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $8,975 Land Value $750 Improvement Value $8,225 Tax Amount $546.72 Change Rate -0.011589% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $8,975 Land Value $750 Improvement Value $8,225 Tax Amount $553.13 Change Rate +2.56835% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $4,850 Land Value $750 Improvement Value $4,100 Tax Amount $155.01 Change Rate +0.000065% Assessed CR Tax Rate +0.031961%
Year 2019 Assessed Value $4,850 Land Value $750 Improvement Value $4,100 Tax Amount $155 Change Rate -0.000065% Assessed CR Tax Rate +0.031959%
Year 2018 Assessed Value $4,850 Land Value $750 Improvement Value $4,100 Tax Amount $155.01 Change Rate -0.023067% Assessed CR Tax Rate +0.031961%
Year 2017 Assessed Value $4,850 Land Value $750 Improvement Value $4,100 Tax Amount $158.67 Change Rate -0.147623% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $5,475 Land Value Improvement Value Tax Amount $186.15 Change Rate -0.221976% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $5,475 Land Value Improvement Value Tax Amount $239.26 Change Rate +0.091365% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $219.23 Change Rate Assessed CR Tax Rate