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261 Locust Grove Dr; Memphis, TN Property Details

261 Locust Grove Dr, Memphis, TN is a Single Family that was built in 1987. This property is currently Financed and is not for sale. Our records show that 261 Locust Grove Dr has 4 bedrooms, and 3 bathrooms, and a total of 3,236 square feet. The lot size of 261 Locust Grove Dr is 12,070 square feet.

For Rent  •   Bankruptcy ✓
261 Locust Grove Dr Memphis, TN 38018
$1,500 Listing Price
4 Beds
3 Baths
3,236 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1987
  • Purchase Price: $157,000
  • Est. Equity / %: $328,000 / 100%
  • Gross Yield: 12.088%
  • APN: D0-220P-A0-0093
  • Situs County: Shelby
  • Length Of Ownership: 12 years, 5 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 9

Structure

  • Stories: 1.5
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D
  • Roof Type: Gable
  • Pool Type: Yes
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 3,236/SqFt
  • Lot: 12,070/SqFt
  • Gross: 3,857/SqFt
  • Garage: 441/SqFt
  • Living: 3,236/SqFt
  • Building: 3,677/SqFt
  • Ground: 2,066/SqFt
  • Price Per Square Foot: $48.52

Legal Description

  • Description: WS LOCUST GROVE DR
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: 35.12221 / -89.77048
  • Subdivision: Woodside At Walnut Grove Sec A
  • Property Class: Residential
  • Zoning: R-10
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Pool: true
  • Plus Four: 4803
  • Bathroom Fixtures: 11
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central

HOA

  • H O A One Name: Section A, Woodside At Walnut Grove
  • H O A One Type: Home Owner Association

Ownership Info

261 Locust Grove Dr has no associated ownership info
261 Locust Grove Dr has no associated ownership info.

Taxes

261 Locust Grove Dr has 10 associated Taxes items

261 Locust Grove Dr, 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 $92,000. The APN we've located for 261 Locust Grove Dr is D0-220P-A0-0093.

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Taxes
  • Assessed Value:  $92,000
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  D0-220P-A0-0093
  • Assessed Land Value:  16200
  • Market Land Value:  64800
  • Tax Amount:  2474.8
  • Tax Year:  2025
  • Market Value:  368000
  • Market Year:  2025

Tax History

261 Locust Grove Dr has 5 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $92,000 Land Value $16,200 Improvement Value $75,800 Tax Amount $2,474.8 Change Rate +0.00763% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $72,450 Land Value $9,525 Improvement Value $62,925 Tax Amount $2,456.06 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $72,450 Land Value $9,525 Improvement Value $62,925 Tax Amount $2,456.06 Change Rate Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $72,450 Land Value $9,525 Improvement Value $62,925 Tax Amount $2,456.06 Change Rate -0.017391% Assessed CR Tax Rate +0.0339%
Year 2021 Assessed Value $72,450 Land Value $9,525 Improvement Value $62,925 Tax Amount $2,499.53 Change Rate Assessed CR Tax Rate +0.0345%