Price Reduction - Short Sale
Address
480 Friars Point Ln, Memphis, TN
Price
$ 225,000
Property Attributes
- MLS#10217809
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaCordova - West
- NeighborhoodWALNUT GROVE WOODS PH1
- Zip38018
- StyleTraditional
- Year Built1983
- Taxes$ 3401
- Price$ 225,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage1741
- Lot Size0.21 Acres
Data Source:
Memphis MLS (MAAR)
Property Description
MAJOR PRICE DROP! Investor or Savvy First-Time Homebuyer Opportunity! This 3-bedroom, 2.5-bathroom two-story home offers an excellent opportunity for an investor looking to add to their portfolio or a savvy first-time homebuyer willing to put in some TLC and build equity. Situated on a spacious corner lot, the home features a comfortable layout with a living room showcasing built-in bookshelves and a brick gas fireplace, an updated eat-in kitchen, and a flexible formal dining room that could also be used as a home office. The property only needs some TLC to unlock its full potential.Conveniently located near shopping, dining, and major highways, this home offers plenty of opportunity at an attractive price point. SALE IS SUBJECT TO APPROVAL BY THE SELLER’S BANK. This is a short sale, and all offers and terms are subject to lender approval. Buyers should allow additional time for the short-sale approval process.
| Price History | |
|---|---|
| 3/27/2026 | Listed $275,000 |
| 4/30/2026 | 3$269,000 |
| 9/3/2026 | 17$225,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Fireplaces | 1 |
| Status | Active |
| Full Baths | 2 |
| Half Baths | 1 |
| Legal Subdivision Name | WALNUT GROVE WOODS PHASE 1 |
| Style | Traditional |
| Stories Count | 2 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 796C |
| Parcel Number | 091076 00022 |
| Status | Active |
| Annual City Tax | 1665 |
| Annual County Tax | 1736 |
| Sale/Rent | For Sale |
| Area | Cordova - West |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 1983 |
| Directions | head north on germantown parkway,turn right on friars point ln |
| City | Memphis |
| DOM | 167 |
Interior Features
| Dining Room | 11x10 |
|---|---|
| Living Room | Separate Living Room |
| Beds | 3 |
| Total Baths | 2.1 |
| Number of Rooms | 6 |
| FLOORS/CEILINGS | Part Carpet,Tile |
Exterior Features
| Pool | None |
|---|---|
| Lot | 141 |
| Lot Size Area | 0.21 |
| Lot Size | 104X125 |
| Parking Display | G2A |
| Lot Description | Corner |
| # Covered Parking Spaces | 2 |
| PARKING/STORAGE | Side-Load Garage |
| EXTERIOR/WINDOWS | Other (See Remarks) |
| Misc. Exterior | Other (See REMARKS) |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38018
Price
Taxes
Year Built
Visits
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