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Memphis 38114 Magnolia Barksdale Civic Club
1561 W DIANNE CIR
Photo of 1561 W DIANNE CIR

16

Map

Photo of 1561 W DIANNE CIR
Photo of 1561 W DIANNE CIR
$99,901
● House - For Sale

1561 W DIANNE CIR

Memphis, TN 38114
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,102 Ft²
$531
Est. Monthly

About This Property

Rare investment opportunity to buy under 100K. Currently rented through 2027. Recently updated and renovated. Property is being offered as a package of 3 properties, all under 100K each. Reach to our listing firm 901 REALTORS, for this and other great properties in the Memphis Area.
Unit Size
1,102 Ft²
Days on Market
93 days
Land Size
0.13 acres
Price per sqft
$91
Property Type
House
Property Taxes
$40
HOA Dues
-
Year Built
1948

Listed By

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (Realtracs #RTC3500833)

Price History

Date / Event Date Event Price
Aug 7, 2026 Listed by 901, REALTORS $99,901
Listed by 901, REALTORS

Property Highlights

Air Conditioning
Parking Available
Parking Details
Parking Features: Parking Pad, Assigned
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Flooring Type: Carpet, Tile
Exterior Details
Square Footage: 1102
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 1948
Building Area Total: 1102
Levels: Three Or More
Building Area Units: Square Feet
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5662.8
Lot Size Dimensions: 53X114
Tax Lot: 22
Water Source: Other
Financial Details
Tax Annual Amount: $476
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Other

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 438
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,042
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,102
  • Gross Building Area: 1,102
  • Building Area: 1,102
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,102
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARLEM HEIGHTS
  • Land Acres: 0000000139
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: WS DIANNE CIRCLE WEST

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006900

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-7002-0-0015
  • Lot: 22
  • Municipality: MEMPHIS
  • Latitude: 35.103
  • Longitude: -89.9968

    Address

  • Full Address: 1561 W Dianne Cl
  • Address - House Number: 1561
  • Street Direction: W
  • Address - Street Name: Dianne Cl
  • State: TN
  • City Name: Memphis
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $30,305

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 380,826
  • High Value: 554,029
  • Low Value: 207,622

    Market Valuation

  • Market Total Value: $19,900
  • Market Land Value: $4,000
  • Market Improvement Value: $15,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,975
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $3,975

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Dec 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19126530
  • Previous Sale Recording Date: Sep 05, 2019
  • Previous Sale Contract Date: Aug 29, 2019
  • Previous Sale Amount: $18,500
  • Previous Sale Document Type: 71

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Type:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Depot Planning District

Stats & Trends

Median Asking:

$99,901

Sale Price/ft²

$95

Below Asking

0.07%

Average Days on Market

67

Average Home Size

1539 ft²

Average Home Age

75.5 years

Currently For Sale

15 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1360 E Alcy Road, Memphis, TN, 38106

$782 /mo

  • 1 Bed
  • 1 Bath
1360 E Alcy Road, Memphis, TN, 38106 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Pablo Pereyra, 901, REALTORS
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3500833
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1561 West Dianne Circle built and last sold?
The property at 1561 West Dianne Circle was built in 1948 and last sold on Nov 22, 2019 for $73,200.
How much is this home worth?
The estimated value of the home located at 1561 West Dianne Circle is $102,056.
What are some comparable homes to 1561 West Dianne Circle?
There are currently no comparable homes to 1561 West Dianne Circle.
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