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2878 Mercer Dr; Memphis, TN Property Details

2878 Mercer Dr, Memphis, TN is a Single Family that was built in 1941. This property is currently a cash purchase and is not for sale. Our records show that 2878 Mercer Dr has 2 bedrooms, and 1 bathroom, and a total of 982 square feet. The lot size of 2878 Mercer Dr is 11,250 square feet.

Off market  •   Pre Probate ✓
2878 Mercer Dr Memphis, TN 38127
$15,875 Estimated Value
2 Beds
1 Baths
982 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1941
  • Purchase Price: $2,700
  • Open Loans / Balance: 1 / $37,197
  • Est. Equity / %: $43,803 / 54.08%
  • Gross Yield: 7.778%
  • APN: 07-0084-0-0010
  • Situs County: Shelby
  • Length Of Ownership: 15 years

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

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

Measurements

  • Total: 982/SqFt
  • Lot: 11,250/SqFt
  • Gross: 982/SqFt
  • Garage: 264/SqFt
  • Living: 982/SqFt
  • Building: 982/SqFt
  • Ground: 982/SqFt
  • Garage Unfinished: 264/SqFt
  • Price Per Square Foot: $2.75

Legal Description

  • Description: THRU LOT S PT 491 ES MERCER DR 85 FT S OF CEDARHURST AVE
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: 35.204163 / -90.00363
  • Subdivision: Rugby Third Addition
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 8143
  • Bathroom Fixtures: 3
  • Garage: Detached Garage
  • Heating: Forced air unit

HOA

  • H O A One Name: Rugby Estates
  • H O A One Type: Home Owner Association

Ownership Info

2878 Mercer Dr has no associated ownership info
2878 Mercer Dr has no associated ownership info.

Taxes

2878 Mercer Dr has 10 associated Taxes items

2878 Mercer 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 $15,875. The APN we've located for 2878 Mercer Dr is 07-0084-0-0010.

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Taxes
  • Assessed Value:  $15,875
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  07-0084-0-0010
  • Assessed Land Value:  1625
  • Market Land Value:  6500
  • Tax Amount:  427.04
  • Tax Year:  2025
  • Market Value:  63500
  • Market Year:  2025

Tax History

2878 Mercer Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $15,875 Land Value $1,625 Improvement Value $14,250 Tax Amount $427.04 Change Rate +0.208342% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $10,425 Land Value $1,325 Improvement Value $9,100 Tax Amount $353.41 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $10,425 Land Value $1,325 Improvement Value $9,100 Tax Amount $353.41 Change Rate -0.442157% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $10,400 Land Value $1,325 Improvement Value $9,075 Tax Amount $633.53 Change Rate -0.011592% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $10,400 Land Value $1,325 Improvement Value $9,075 Tax Amount $640.96 Change Rate +0.272756% Assessed CR Tax Rate +0.061631%
Year 2020 Assessed Value $6,950 Land Value $1,325 Improvement Value $5,625 Tax Amount $503.6 Change Rate +1.267243% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $6,950 Land Value $1,325 Improvement Value $5,625 Tax Amount $222.12 Change Rate -0.000045% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $6,950 Land Value $1,325 Improvement Value $5,625 Tax Amount $222.13 Change Rate -0.023003% Assessed CR Tax Rate +0.031961%
Year 2017 Assessed Value $6,950 Land Value $1,325 Improvement Value $5,625 Tax Amount $227.36 Change Rate -0.023829% Assessed CR Tax Rate +0.032714%
Year 2016 Assessed Value $6,850 Land Value Improvement Value Tax Amount $232.91 Change Rate -0.221948% Assessed CR Tax Rate +0.034001%
Year 2014 Assessed Value $6,850 Land Value Improvement Value Tax Amount $299.35 Change Rate +0.054755% Assessed CR Tax Rate +0.043701%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $283.81 Change Rate Assessed CR Tax Rate