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307 Montelo Rd; Memphis, TN Property Details

307 Montelo Rd, Memphis, TN is a Single Family that was built in 1959. This property is currently Financed and is not for sale. Our records show that 307 Montelo Rd has 3 bedrooms, and 1.5 bathrooms, and a total of 1,498 square feet. The lot size of 307 Montelo Rd is 9,000 square feet.

Off market
307 Montelo Rd Memphis, TN 38120
$48,675 Estimated Value
3 Beds
1.5 Baths
1,498 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1959
  • Purchase Price: $145,750
  • Est. Equity / %: $235,000 / 100%
  • Gross Yield: 8.742%
  • APN: 06-8055-0-0004
  • Situs County: Shelby
  • Length Of Ownership: 20 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 1,498/SqFt
  • Lot: 9,000/SqFt
  • Gross: 1,498/SqFt
  • Garage: 214/SqFt
  • Living: 1,498/SqFt
  • Building: 1,498/SqFt
  • Ground: 1,498/SqFt
  • Price Per Square Foot: $97.30
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: 35.139477 / -89.87681
  • Subdivision: Mary Lou Heights
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1812
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Garage: Carport
  • Heating: Central
  • Parking: 1

HOA

  • H O A One Name: Marylou Heights
  • H O A One Type: Home Owner Association
  • H O A Two Name: Section C, Marylou Heights Subdivision
  • H O A Two Type: Home Owner Association

Ownership Info

307 Montelo Rd has no associated ownership info
307 Montelo Rd has no associated ownership info.

Taxes

307 Montelo Rd has 10 associated Taxes items

307 Montelo Rd, 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 $48,675. The APN we've located for 307 Montelo Rd is 06-8055-0-0004.

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Taxes
  • Assessed Value:  $48,675
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  06-8055-0-0004
  • Assessed Land Value:  10000
  • Market Land Value:  40000
  • Tax Amount:  1309.36
  • Tax Year:  2025
  • Market Value:  194700
  • Market Year:  2025

Tax History

307 Montelo Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $48,675 Land Value $10,000 Improvement Value $38,675 Tax Amount $1,309.36 Change Rate +0.134667% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $42,550 Land Value $7,100 Improvement Value $35,450 Tax Amount $1,153.96 Change Rate Assessed CR Tax Rate +0.02712%
Year 2023 Assessed Value $42,550 Land Value $7,100 Improvement Value $35,450 Tax Amount $1,153.96 Change Rate -0.554799% Assessed CR Tax Rate +0.02712%
Year 2022 Assessed Value $42,550 Land Value $7,100 Improvement Value $35,450 Tax Amount $2,592 Change Rate +0.11302% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $42,550 Land Value $7,100 Improvement Value $35,450 Tax Amount $2,328.8 Change Rate +0.494286% Assessed CR Tax Rate +0.054731%
Year 2020 Assessed Value $29,850 Land Value $5,775 Improvement Value $24,075 Tax Amount $1,558.47 Change Rate +0.633599% Assessed CR Tax Rate +0.05221%
Year 2019 Assessed Value $29,850 Land Value $5,775 Improvement Value $24,075 Tax Amount $954.01 Change Rate Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $29,850 Land Value $5,775 Improvement Value $24,075 Tax Amount $954.01 Change Rate -0.023071% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $29,850 Land Value $5,775 Improvement Value $24,075 Tax Amount $976.54 Change Rate +0.068717% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $26,875 Land Value Improvement Value Tax Amount $913.75 Change Rate -0.22197% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $26,875 Land Value Improvement Value Tax Amount $1,174.44 Change Rate +0.149114% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $1,022.04 Change Rate Assessed CR Tax Rate