Last Sold Price
3 beds1,271 sqft$52/sqft
407 Fairhope Rd, Memphis, TN 38109

Description

Calling all investors! Looking to pick up some great properties in memphis with immediate cash flow?? There are a total of 7 single family homes available for sale as a package or sold individually. THIS HOME IS CURRENTLY OCCUPIED WITH A LONG TERM TENANT at $858 MONTH. New roof and some exterior repairs were recently completed. Please do not disturb the tenant, drive by and submit your offer subject to inspection. Showings will be set up with acceptable offer. Being sold "as is"Calling all investors! Looking to pick up some great properties in memphis with immediate cash flow?? There are a total of 7 single family homes available for sale as a package or sold individually. THIS HOME IS CURRENTLY OCCUPIED WITH A LONG TERM TENANT at $858 MONTH. New roof and some exterior repairs were recently completed. Please do not disturb the tenant, drive by and submit your offer subject to inspection. Showings will be set up with acceptable offer. Being sold "as is"
LISTING CLOSED: 06/06/2023 12:00 AM

  1. Listed by Tonya Mosley • Diamond Properties, Inc.

Property Details for 407 Fairhope Road

Status
MLS #
10142982
Days on Market
97
Taxes
$956 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Detached Single Family / No
Year Built
1961
Lot Size
0.16 AC / 6,969 SF
Area
762B
Style
Traditional
MAAR Subdivision Name
J E WALKER HOMES
Legal Subdivision Name
J E WALKER HOMES

Recent comparable sales

Median sold price

$74,500

Avg days on market

52

Sale-to-list ratio

87.8%

Memphis, TN

9 comparable properties found

$78,000 | 289 West Brooks Road, Memphis, TN 38109
1/32
1

$78,000

Sold 04/18/25

3
Bedrooms
1,190
Square Feet
0.18
Acres
$74,500 | 4014 Oakshire Cove, Memphis, TN 38109
1/26
2

$74,500

Sold 06/06/25

3
Bedrooms
1,256
Square Feet
0.14
Acres
a view of a house with wooden fence
1/18
3

$60,000

Sold 05/09/25

3
Bedrooms
1,089
Square Feet
0.17
Acres
a front view of a house with a yard
1/12
4

$80,000

Sold 10/09/24

3
Bedrooms
1,220
Square Feet
0.17
Acres
$80,500 | 641 King Road, Memphis, TN 38109
1/3
5

$80,500

Sold 06/04/25

3
Bedrooms
1,101
Square Feet
0.17
Acres
$75,000 | 812 Leacrest Avenue, Memphis, TN 38109
1/33
6

$75,000

Sold 07/08/26

3
Bedrooms
1,084
Square Feet
0.16
Acres
a front view of a house with a yard and garage
1/11
7

$72,000

Sold 10/14/25

3
Bedrooms
1,166
Square Feet
0.16
Acres
a front view of a house with garden
1/21
8

$50,000

Sold 04/30/26

3
Bedrooms
1,249
Square Feet
0.16
Acres
a front view of a house with garden
1/2
9

$59,000

Sold 03/20/25

3
Bedrooms
1,052
Square Feet
0.13
Acres

Location

Listing Courtesy of Diamond Properties, Inc.

Sold By KAIZEN Realty, LLC

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Building Information for 407 Fairhope Road

Stories1Year Built1961Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$418 per month

30 year fixed, 6.55% Interest

Principal and Interest

$338

Property Taxes

$80

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 407 Fairhope Road

Summary
Location and General Information
  • Address: 407 FAIRHOPE AVE
  • Address Search Number: 407
  • Directions: EAST ON MITCHELL RD, LEFT ONTO ROCHESTER, RIGHT ONTO CARBON, LEFT ONTO YORKLEY AND RIGHT ONTO FAIRHOPE.
  • Map Coordinate: B
  • MLS Map Num: Mitchell/Westwood
  • Neighborhood Association: None
Parking
  • Parking Display: 1
  • Parking/Storage: Driveway/Pad
Taxes and HOA Information
  • LVT Date: 03-02-2023
Property
Lot Information
  • Lot Size: 51X131
  • Acreage: .16
  • Lot Num: 472
  • Lot Description: Level
  • Parcel ID: 075087 00070
Property and Assessments
  • Detached Unit Type: General Residential
  • Prop Construction Status: Existing Property
  • Security: Iron Door(s), Dead Bolt Lock(s)
  • Service Type: Full Service Listing
Utilities
  • Cooling: Window Unit(s)
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Brick Veneer
  • Misc Exterior: Wrought Iron Security Drs, Porch
  • Misc. Interior: Smoke Detector(s)
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Additional Br/Bath Info: All Bedrooms Down
  • Apprx Heated Sq Ft Range: 1000-1199
  • Attached Unit Type: First Floor Flat
  • Bedroom 2 Description: Tile Floor
  • Bedrooms Down: 3.0
  • Den Great Room Dimensions: 0X0
  • Dining Room Dimensions: 10X10
  • Floors/Ceilings: Part Hardwood, Tile
  • Heating: Central, Gas
  • Interior Equipment: Gas Cooking
  • Living Room Dimensions: 12X12
  • Living/Dining/Kitchen: Separate Living Room, Separate Dining Room
  • Total Baths: 1

Property History for 407 Fairhope Road

DateEvent & SourcePriceAppreciation
Jun 7, 2023

Sold (Public Record)

Public Record #1512987427

$66,500

+7.4% / yr

Jun 6, 2023

Sold

MAARMLS #10142982

$66,500
Jun 6, 2023

Contract Signed

MAARMLS #10142982

DateEvent & SourcePrice
06/07/2023

Sold (Public Record)

Public Record #1512987427

$66,500

+7.4% / yr

06/06/2023

Sold

MAARMLS #10142982

$66,500
06/06/2023

Contract Signed

MAARMLS #10142982

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

Public Records for 407 Fairhope Road

Taxable ValueLand$1,650Additions$22,825Total$24,475
Tax Record2024$1,612 ($134 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,654 SqFtAbove Grade Finished SqFt1,654 SqFtStories1Lot Size6,970 SqFtStyleSingle Family ResidenceYear Built1961ZoningR-6CountySHELBYAPN075-087- - -00070Fireplace TypeHas Fireplace

Schools near 407 Fairhope 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
Ford Road Elementary School
PublicPK to 5

Chickasaw Junior High School
Public6 to 8

Mitchell 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

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 407 Fairhope Road, Memphis, TN 38109
$66,500
3
1,271
6,969
3
1
1,632
6,752
3
1
1,517
6,839
$1,000
5,662
$83,500
2
1
888
13,024
3
2
1,517
7,144

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 Diamond Properties, Inc.

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, Reelfoot Regional AOR 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, Reelfoot Regional AOR 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, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.