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487 E Gage Ave; Memphis, TN Property Details

487 E Gage Ave, Memphis, TN is a Single Family that was built in 1929. This property is currently a cash purchase and is not for sale. Our records show that 487 E Gage Ave has 2 bedrooms, and 1 bathroom, and a total of 1,175 square feet. The lot size of 487 E Gage Ave is 7,500 square feet.

Off market
487 E Gage Ave Memphis, TN 38106
$17,375 Estimated Value
2 Beds
1 Baths
1,175 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1929
  • Purchase Price: $12,000
  • Est. Equity / %: $122,000 / 100%
  • Gross Yield: 5.99%
  • APN: 04-9010-0-0003
  • Situs County: Shelby
  • Length Of Ownership: 6 years, 7 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

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

Measurements

  • Total: 1,175/SqFt
  • Lot: 7,500/SqFt
  • Gross: 1,247/SqFt
  • Living: 1,175/SqFt
  • Building: 1,175/SqFt
  • Ground: 1,175/SqFt
  • Price Per Square Foot: $10.21

Legal Description

  • Description: SS GAGE
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: 35.087124 / -90.04674
  • Subdivision: Longview Hgts 1st Addn
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 7406
  • Bathroom Fixtures: 3
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Central

Ownership Info

487 E Gage Ave has no associated ownership info
487 E Gage Ave has no associated ownership info.

Taxes

487 E Gage Ave has 10 associated Taxes items

487 E Gage 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 $17,375. The APN we've located for 487 E Gage Ave is 04-9010-0-0003.

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Taxes
  • Assessed Value:  $17,375
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-9010-0-0003
  • Assessed Land Value:  2000
  • Market Land Value:  8000
  • Tax Amount:  467.39
  • Tax Year:  2025
  • Market Value:  69500
  • Market Year:  2025

Tax History

487 E Gage Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $17,375 Land Value $2,000 Improvement Value $15,375 Tax Amount $467.39 Change Rate +0.148943% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $406.8 Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $12,000 Land Value $1,000 Improvement Value $11,000 Tax Amount $406.8 Change Rate -0.443494% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $12,000 Land Value $1,000 Improvement Value $11,000 Tax Amount $730.99 Change Rate -0.011588% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $12,000 Land Value $1,000 Improvement Value $11,000 Tax Amount $739.56 Change Rate +1.066099% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $11,200 Land Value $1,000 Improvement Value $10,200 Tax Amount $357.95 Change Rate -0.000028% Assessed CR Tax Rate +0.03196%
Year 2019 Assessed Value $11,200 Land Value $1,000 Improvement Value $10,200 Tax Amount $357.96 Change Rate Assessed CR Tax Rate +0.031961%
Year 2018 Assessed Value $11,200 Land Value $1,000 Improvement Value $10,200 Tax Amount $357.96 Change Rate -0.023062% Assessed CR Tax Rate +0.031961%
Year 2017 Assessed Value $11,200 Land Value $1,000 Improvement Value $10,200 Tax Amount $366.41 Change Rate -0.013568% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $10,925 Land Value Improvement Value Tax Amount $371.45 Change Rate -0.221964% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $10,925 Land Value Improvement Value Tax Amount $477.42 Change Rate +0.136336% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $420.14 Change Rate Assessed CR Tax Rate