Last Sold Price
3 beds1,169 sqft$94/sqft
1040 Railton Rd, Memphis, TN 38111

Description

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $950 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $950 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
LISTING CLOSED: 12/08/2020 12:00 AM

  1. Listed by Jim Reedy • Reedy Group II, LLC

Property Details for 1040 Railton Road

Status
MLS #
10086285
Days on Market
1
Taxes
$807 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Detached Single Family / No
Year Built
1949
Lot Size
0.17 AC / 7,405 SF
Area
757D
Style
Traditional
MAAR Subdivision Name
PARK GROVE
Legal Subdivision Name
PARK GROVE 1ST,2ND,3RD&4TH

Recent comparable sales

Median sold price

$109,000

Avg days on market

28

Sale-to-list ratio

86.5%

[Memphis, TN]

9 comparable properties found

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Location

Listing Courtesy of Reedy Group II, LLC

Sold By Reedy Group II, LLC

Add your commute

Building Information for 1040 Railton Road

Stories1Year Built1949Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$626 per month

30 year fixed, 6.55% Interest

Principal and Interest

$559

Property Taxes

$67

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1040 Railton Road

Summary
Location and General Information
  • Address: 1040 RAILTON RD
  • Address Search Number: 1040
  • Directions: Head north on S Renshaw Dr toward N Perkins Rd 47 s (0.2 mi) Take Sam Cooper Blvd and N Highland St to Radford Rd 11 min (5.3 mi) Drive to Railton Rd
  • Map Coordinate: D
  • MLS Map Num: Pendleton/Park
  • Neighborhood Association: None
Parking
  • Parking Display: 0
  • Parking/Storage: Driveway/Pad
Taxes and HOA Information
  • LVT Date: 10-05-2020
Property
Lot Information
  • Lot Size: 60X128
  • Acreage: .17
  • Lot Num: 31
  • Lot Description: Some Trees
  • Parcel ID: 059079 00017
Property and Assessments
  • Detached Unit Type: General Residential
  • Foundation: Slab
  • Prop Construction Status: Existing Property
  • Service Type: Full Service Listing
  • Syndicate Listing To: Zillow Group
Utilities
  • Cooling: Central
  • Water & Sewer: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Brick Veneer
  • Misc Exterior: Wrought Iron Security Drs
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Num of Fireplaces: 0.0
  • 1st Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Br/Bath Info: All Bedrooms Down
  • Apprx Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms Down: 3.0
  • Den Great Room Dimensions: 0x0
  • Dining Room Dimensions: 0x0
  • Floors/Ceilings: Tile
  • Heating: Central
  • Living Room Dimensions: 0x0
  • Living/Dining/Kitchen: Updated/Renovated Kitchen
  • Master Bath Description: Tile Floor
  • Master Bedroom: Level 1
  • Master Bedroom Dimensions: 0x0
  • Total Baths: 2

Property History for 1040 Railton Road

DateEvent & SourcePriceAppreciation
Dec 8, 2020

Sold

MAARMLS #10086285

$109,900
Dec 7, 2020

Sold (Public Record)

Public Record #684920865

$109,900
Oct 2, 2020

Contract Signed

MAARMLS #10086285

DateEvent & SourcePrice
12/08/2020

Sold

MAARMLS #10086285

$109,900
12/07/2020

Sold (Public Record)

Public Record #684920865

$109,900
10/02/2020

Contract Signed

MAARMLS #10086285

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1040 Railton Road

Taxable ValueLand$2,450Additions$25,900Total$28,350
Tax Record2024$1,867 ($156 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,169 SqFtAbove Grade Finished SqFt1,169 SqFtStories1Lot Size7,667 SqFtStyleSingle Family ResidenceYear Built1949Year Renovated1985ZoningR-6CountySHELBYAPN059-079- - -00017

Schools near 1040 Railton Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Cherokee Elementary School
PublicPK to 5

Sherwood Middle School
Public6 to 8

Melrose High School
Public9 to 12

Memphis School of Excellence Cordova
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Reedy Group II, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.