Large Location Icon

1942 Prospect St; Memphis, TN Property Details

1942 Prospect St, Memphis, TN is a Single Family that was built in 1959. This property is currently a cash purchase and is not for sale. Our records show that 1942 Prospect St has 3 bedrooms, and 1 bathroom, and a total of 1,158 square feet. The lot size of 1942 Prospect St is 7,214 square feet.

Off market
1942 Prospect St Memphis, TN 38106
$14,375 Estimated Value
3 Beds
1 Baths
1,158 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1959
  • Purchase Price: $59,426
  • Est. Equity / %: $121,000 / 100%
  • Gross Yield: 4.77%
  • APN: 04-9076-0-0001
  • Situs County: Shelby
  • Length Of Ownership: 21 years, 3 months

Rooms

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

Structure

  • Stories: 1
  • Exterior Wall Type: Brick veneer
  • Building Condition: Fair
  • Building Quality: D
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 1,158/SqFt
  • Lot: 7,214/SqFt
  • Gross: 1,158/SqFt
  • Living: 1,158/SqFt
  • Building: 1,158/SqFt
  • Ground: 1,158/SqFt
  • Price Per Square Foot: $51.32

Legal Description

  • Description: OF LTS 1&2 &3 BLK 11 WOODLAND SUBDV SS ALICE COR PROSPECT SE
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: 35.093857 / -90.03769
  • Subdivision: Alice-Prospect
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 7646
  • Bathroom Fixtures: 5
  • Cooling: Window\Unit
  • Heating: Yes

Ownership Info

1942 Prospect St has no associated ownership info
1942 Prospect St has no associated ownership info.

Taxes

1942 Prospect St has 10 associated Taxes items

1942 Prospect 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 $14,375. The APN we've located for 1942 Prospect St is 04-9076-0-0001.

Unlock the full report
Taxes
  • Assessed Value:  $14,375
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-9076-0-0001
  • Assessed Land Value:  2000
  • Market Land Value:  8000
  • Tax Amount:  386.69
  • Tax Year:  2025
  • Market Value:  57500
  • Market Year:  2025

Tax History

1942 Prospect St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $14,375 Land Value $2,000 Improvement Value $12,375 Tax Amount $386.69 Change Rate +0.226536% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $9,300 Land Value $1,000 Improvement Value $8,300 Tax Amount $315.27 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $9,300 Land Value $1,000 Improvement Value $8,300 Tax Amount $315.27 Change Rate -0.443507% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $9,300 Land Value $1,000 Improvement Value $8,300 Tax Amount $566.53 Change Rate -0.011585% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $9,300 Land Value $1,000 Improvement Value $8,300 Tax Amount $573.17 Change Rate -0.116188% Assessed CR Tax Rate +0.061631%
Year 2020 Assessed Value $8,950 Land Value $1,000 Improvement Value $7,950 Tax Amount $648.52 Change Rate +1.267156% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $8,950 Land Value $1,000 Improvement Value $7,950 Tax Amount $286.05 Change Rate Assessed CR Tax Rate +0.031961%
Year 2018 Assessed Value $8,950 Land Value $1,000 Improvement Value $7,950 Tax Amount $286.05 Change Rate -0.023053% Assessed CR Tax Rate +0.031961%
Year 2017 Assessed Value $8,950 Land Value $1,000 Improvement Value $7,950 Tax Amount $292.8 Change Rate -0.037823% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $8,950 Land Value Improvement Value Tax Amount $304.31 Change Rate -0.221952% Assessed CR Tax Rate +0.034001%
Year 2014 Assessed Value $8,950 Land Value Improvement Value Tax Amount $391.12 Change Rate +0.104952% Assessed CR Tax Rate +0.043701%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $353.97 Change Rate Assessed CR Tax Rate