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Memphis 38117 Colonial Acres
4506 VERNE RD
Photo of 4506 VERNE RD

40

Map

Photo of 4506 VERNE RD
Photo of 4506 VERNE RD
$309,900
↓ $100 (0%)
● House - For Sale

4506 VERNE RD

Memphis, TN 38117
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,055 Ft²
$1,833
Est. Monthly

About This Property

*ASSUMABLE FHA LOAN @ 6.25%!* This is the one you've been waiting for! Light-filled one level home with desirable split floorplan in great East Memphis location with IN-GROUND POOL! Beautiful flow between rooms & expansive primary suite with sitting area! Dedicated office off the living room! The crown jewel is the awesome backyard with the sparkling pool w/ new pump & timer and newer liner. All new insulation = low MLGW bills! Smooth ceilings and hardwoods & tile throughout - no carpet! Corner lot with expanded driveway! This is currently the ONLY home on the market in East Memphis with these features at this price point! Would also make a great short term rental / Airbnb! BRAND NEW SEWER LINE!
Unit Size
2,055 Ft²
Days on Market
150 days
Land Size
0.29 acres
Price per sqft
$151
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1952

Listed By

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Cap Rate Calculator

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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: 14 days ago (Realtracs #RTC3226364)

Price History

Date / Event Date Event Price
Jul 9, 2026 Price Decreased $309,900
↓ $100 (0%)
Price Decreased
Jun 1, 2026 Listed by Real Estate Agency $310,000
Listed by Real Estate Agency
May 17, 2024 No longer available -
No longer available
Apr 4, 2024 In contract -
In contract
Mar 16, 2024 Price Decreased $310,000
↓ $5K (1.6%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Pad
Interior Details
Full Bathrooms: 2
Appliances: Dishwasher, Microwave, Refrigerator, Range, Oven
Flooring Type: Wood, Tile
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Exterior Details
Square Footage: 2055
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 1952
Building Area Total: 2055
Levels: Three Or More
Building Area Units: Square Feet
Patio and Porch Features: Deck
Pool Features: In Ground
Pool is Private
Lot Size Area: 0.29
Lot Size Units: Acres
Lot Size Acres: 0.29
Lot Size Square Feet: 12632.4
Lot Size Dimensions: 128X131
Tax Lot: 309
Water Source: Public
Financial Details
Tax Annual Amount: $3,730
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,999
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 1,280
  • Total Building Area: 2,142
  • Gross Building Area: 2,142
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,142
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKSIDE MANOR FIRST ADDITION
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 062

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009300

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 06-6029-0-0001
  • Lot: 309
  • Municipality: MEMPHIS
  • Latitude: 35.0947
  • Longitude: -89.9118

    Address

  • Full Address: 4506 Verne Rd
  • Address - House Number: 4506
  • Address - Street Name: Verne
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C014
  • 4-Digit Zip Code: 6136
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $345,091

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 89
  • Final Value: 313,791
  • High Value: 347,984
  • Low Value: 279,598

    Market Valuation

  • Market Total Value: $226,600
  • Market Land Value: $26,600
  • Market Improvement Value: $200,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,650
  • Assessed Land Value: $6,650
  • Assessed Improvements Value: $50,000

    Sales

  • Current Sale Contract Date: Jun 08, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21079897
  • Previous Sale Recording Date: Apr 08, 2015
  • Previous Sale Contract Date: Apr 07, 2015
  • Previous Sale Amount: $136,500
  • 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 Jackson - University Area

Stats & Trends

Median Asking:

$189,951

Sale Price/ft²

$134

Below Asking

0.01%

Average Days on Market

116

Average Home Size

2190 ft²

Average Home Age

72.3 years

Currently For Sale

8 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: 14 days ago
Data Source: Realtracs, MLS# RTC3226364
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 4506 Verne Road built and last sold?
The property at 4506 Verne Road was built in 1952 and last sold on Jun 8, 2021 for $261,000.
How much is this home worth?
The estimated value of the home located at 4506 Verne Road is $314,012.
What are some comparable homes to 4506 Verne Road?
There are currently no comparable homes to 4506 Verne Road.
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