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318 Simpson Ave; Memphis, TN Property Details

318 Simpson Ave, Memphis, TN is a Single Family that was built in 1948. This property is currently a cash purchase and is for sale. Our records show that 318 Simpson Ave has 3 bedrooms, and 1 bathroom, and a total of 1,200 square feet. The lot size of 318 Simpson Ave is 5,560 square feet.

On Market for 186 days
318 Simpson Ave Memphis, TN 38106
$55,000 Listing Price
3 Beds
1 Baths
1,200 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1948
  • Purchase Price: $37,000
  • Est. Equity / %: $88,000 / 100%
  • Gross Yield: 23.956%
  • APN: 01-3050-0-0041
  • Situs County: Shelby
  • Length Of Ownership: 1 year, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

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

Measurements

  • Total: 1,200/SqFt
  • Lot: 5,560/SqFt
  • Gross: 1,200/SqFt
  • Living: 1,200/SqFt
  • Building: 1,200/SqFt
  • Ground: 1,200/SqFt
  • Price Per Square Foot: $30.83

Legal Description

  • Description: NS SIMPSON 209.4 FT E OF LATHAM
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: 35.11519 / -90.05169
  • Subdivision: Trigg
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2912
  • Bathroom Fixtures: 3
  • Cooling: Central
  • Heating: Yes

HOA

  • H O A One Name: John Trigg Subdivision As To Tract I
  • H O A One Type: Home Owner Association
  • H O A Two Name: Belmont Subdivision As To Tract Ii
  • H O A Two Type: Home Owner Association

Ownership Info

318 Simpson Ave has no associated ownership info
318 Simpson Ave has no associated ownership info.

Taxes

318 Simpson Ave has 10 associated Taxes items

318 Simpson Ave, 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 $3,275. The APN we've located for 318 Simpson Ave is 01-3050-0-0041.

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Taxes
  • Assessed Value:  $3,275
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  01-3050-0-0041
  • Assessed Land Value:  1075
  • Market Land Value:  4300
  • Tax Amount:  88.1
  • Tax Year:  2025
  • Market Value:  13100
  • Market Year:  2025

Tax History

318 Simpson Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $3,275 Land Value $1,075 Improvement Value $2,200 Tax Amount $88.1 Change Rate -0.307009% Assessed CR Tax Rate +0.026901%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $127.13 Change Rate -0.443486% Assessed CR Tax Rate
Year 2023 Assessed Value $3,750 Land Value $750 Improvement Value $3,000 Tax Amount $228.44 Change Rate Assessed CR Tax Rate +0.060917%
Year 2022 Assessed Value $3,750 Land Value $750 Improvement Value $3,000 Tax Amount $228.44 Change Rate -0.011596% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $3,750 Land Value $750 Improvement Value $3,000 Tax Amount $231.12 Change Rate +0.555735% Assessed CR Tax Rate +0.061632%
Year 2020 Assessed Value $2,050 Land Value $750 Improvement Value $1,300 Tax Amount $148.56 Change Rate +1.267053% Assessed CR Tax Rate +0.072468%
Year 2019 Assessed Value $2,050 Land Value $750 Improvement Value $1,300 Tax Amount $65.53 Change Rate +0.000153% Assessed CR Tax Rate +0.031966%
Year 2018 Assessed Value $2,050 Land Value $750 Improvement Value $1,300 Tax Amount $65.52 Change Rate -0.02311% Assessed CR Tax Rate +0.031961%
Year 2017 Assessed Value $2,050 Land Value $750 Improvement Value $1,300 Tax Amount $67.07 Change Rate -0.013676% Assessed CR Tax Rate +0.032717%
Year 2016 Assessed Value $2,000 Land Value Improvement Value Tax Amount $68 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $2,000 Land Value Improvement Value Tax Amount $87.4 Change Rate +0.043956% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $83.72 Change Rate Assessed CR Tax Rate