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Memphis 38117
272 LEONORA DR
Photo of 272 LEONORA DR

24

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Photo of 272 LEONORA DR
Photo of 272 LEONORA DR
$325,000
● House - Off Market

272 LEONORA DR

Memphis, TN 38117
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,365 Ft²
$1,936
Est. Monthly

About This Property

Price reduced! MOVE IN READY East Memphis home with awesome backyard! This one-level brick ranch is a fantastic blend of original charm like hardwood floors and big windows, with modern updates like smooth ceilings, granite countertops, gas cooking and painted kitchen cabinets. Fresh neutral paint & custom plantation shutters throughout. The landscaped backyard has a covered & uncovered patio, perfect for relaxing as well as entertaining friends outside. Large storage room with electricity. Located on a quiet street in a soughtafter area of East Memphis and currently zoned to top-rated Richland Elementary, White Station Middle & White Station High. Just bring yourself & your furniture!
Unit Size
1,365 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$238
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 5 months ago (Realtracs #RTC3181532)

Price History

Date / Event Date Event Price
Jun 8, 2026 Temporarily off market -
Temporarily off market
Apr 15, 2026 Listed by Real Estate Agency $325,000
Listed by Real Estate Agency
Apr 3, 2024 No longer available -
No longer available
Mar 21, 2024 In contract -
In contract
Mar 19, 2024 Listed by eXp Realty Melissa Thompson & The Your Key to Memphis Team, Brokered by eXp Realty $315,000
Listed by eXp Realty Melissa Thompson & The Your Key to Memphis Team, Brokered by eXp Realty
Fabulous, Well Maintained, 3 Bedroom, 2 Bathroom, All on One Level East Memphis Home that You Will Have to See to Believe! Desirable Granite Countertops, Plantation Shutters, Stainless Steel Appliances, Beautiful Hardwood Floors, Recessed Lighting, Spacious Great Room, Updated Eat-In Kitchen, Laundry Closet, Attic, Carport, Lush Landscaping, Charming Front Porch and a Delightful Fenced Backyard with a Covered Patio are Just a Few Perks Awaiting Your Enjoyment! Absolutely Adorable! Make It Yours!

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 3
  • 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: 220
  • Parking Space Count: 1
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,652
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,364
  • Gross Building Area: 1,364
  • Building Area: 1,364
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,364
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORMANDY MEADOWS 1ST ADDN
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: 062

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009201

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 06-4028-0-0034
  • Lot: 37
  • Municipality: MEMPHIS
  • Latitude: 35.1385
  • Longitude: -89.893

    Address

  • Full Address: 272 Leonora Dr
  • Address - House Number: 272
  • Address - Street Name: Leonora
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C009
  • 4-Digit Zip Code: 2807
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $345,396

    Appraisal Valuation

  • Standard Deviation: 0.2464
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 298,822
  • High Value: 372,453
  • Low Value: 225,190

    Market Valuation

  • Market Total Value: $226,800
  • Market Land Value: $77,300
  • Market Improvement Value: $149,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,700
  • Assessed Land Value: $19,325
  • Assessed Improvements Value: $37,375

    Sales

  • Current Sale Contract Date: Jun 11, 2021
  • Current Sale Recording Date: Jun 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21071033
  • Previous Sale Recording Date: Aug 10, 2015
  • Previous Sale Contract Date: Aug 06, 2015
  • Previous Sale Amount: $192,000
  • Previous Sale Document Type: 71
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 Memphis

Stats & Trends

Median Asking:

$150,000

Sale Price/ft²

$111

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1824 ft²

Average Home Age

65.4 years

Currently For Sale

102 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

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Realtracs

Listed by: Lauren Waites, Real Estate Agency
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC3181532
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 272 Leonora Drive built and last sold?
The property at 272 Leonora Drive was built in 1956 and last sold on Jun 11, 2021 for $265,000.
How much is this home worth?
The estimated value of the home located at 272 Leonora Drive is $319,520.
What are some comparable homes to 272 Leonora Drive?
There are currently no comparable homes to 272 Leonora Drive.
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