by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Memphis 38117 Colonial Acres
4585 HELENE RD
Photo of 4585 HELENE RD
Sold on Jun 11, 2026

27

Map

Photo of 4585 HELENE RD
Photo of 4585 HELENE RD
$229,000
● House - Off Market

4585 HELENE RD

Memphis, TN 38117
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,473 Ft²
$1,366
Est. Monthly

About This Property

Remodeled and move-in ready, this 4-bedroom, 2-bath home offers both comfort and space with a welcoming living room and an oversized den-perfect for entertaining or relaxing. The updated kitchen and bathrooms, new flooring, and fresh interior paint give the home a modern feel throughout. Step outside to a fenced backyard with established landscaping, ideal for kids, pets, or outdoor gatherings. All that's left to do is add your personal touch and make it your own.
Unit Size
1,473 Ft²
Days on Market
56 days
Land Size
0.22 acres
Price per sqft
$155
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1953

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #RTC3177550)

Price History

Date / Event Date Event Price
Jun 11, 2026 Sold
Premium
Sold
Apr 16, 2026 Listed by Fast Track Realty $229,000
Listed by Fast Track Realty
Aug 21, 2018 No longer available -
No longer available
Aug 13, 2018 Listed $99,900
Listed
NEW ROOF (07/05/2018) AND MANICURED/CUT TREES (07/05/2018) UTILITIES/WATER ARE NOT TURNED ON, BUYER WILL BE RESPONSIBLE FOR TURNING ON UTILITIES/WATER TO COMPLETE HOME INSPECTION... PROPERTY BEING SOLD "AS IS, WHERE IS, WITH ANY AND ALL FAULTS" Thanks For Showing...

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 338
  • Parking Space Count: 1
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,588
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,472
  • Gross Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL MEADOWS A
  • Land Acres: 0000000220
  • 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: 06-6037-0-0007
  • Lot: 66
  • Municipality: MEMPHIS
  • Latitude: 35.0883
  • Longitude: -89.9092

    Address

  • Full Address: 4585 Helene Rd
  • Address - House Number: 4585
  • Address - Street Name: Helene
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C022
  • 4-Digit Zip Code: 6518
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $190,516

    Appraisal Valuation

  • Standard Deviation: 0.2625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 202,072
  • High Value: 255,136
  • Low Value: 149,008

    Market Valuation

  • Market Total Value: $125,100
  • Market Land Value: $17,700
  • Market Improvement Value: $107,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,275
  • Assessed Land Value: $4,425
  • Assessed Improvements Value: $26,850

    Sales

  • Current Sale Contract Date: Aug 29, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 75643
  • Previous Sale Recording Date: Nov 17, 2020
  • Previous Sale Contract Date: Nov 12, 2020
  • Previous Sale Amount: $165,000
  • 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 Colonial Acres

Stats & Trends

Median Asking:

$219,450

Sale Price/ft²

$158

Below Asking

0.03%

Average Days on Market

97

Average Home Size

2055 ft²

Average Home Age

74 years

Currently For Sale

1 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Tina Andrade, Fast Track Realty
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC3177550
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 4585 Helene Road built and last sold?
The property at 4585 Helene Road was built in 1953 and last sold on Aug 29, 2023 for $207,615.
How much is this home worth?
The estimated value of the home located at 4585 Helene Road is $231,290.
What are some comparable homes to 4585 Helene Road?
There are currently no comparable homes to 4585 Helene Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Memphis Homes for Sale
Memphis Houses for Sale
Memphis Condos for Sale
Memphis Townhouses for Sale
Memphis Multifamily for Sale
Memphis Land for Sale
Memphis Commercial for Sale
Memphis Homes with Basements
Nearby Cities
Collierville Homes for Sale
Southaven Homes for Sale
Bartlett Homes for Sale
Olive Branch Homes for Sale
Germantown Homes for Sale
Hernando Homes for Sale
Oakland Homes for Sale
Arlington Homes for Sale
Nearby Property Records
Shelby County, TN Property Records
DeSoto County, MS Property Records
Crittenden County, AR Property Records
Fayette County, TN Property Records
Tipton County, TN Property Records
Tate County, MS Property Records
Marshall County, MS Property Records
St. Francis County, AR Property Records
Neighborhoods
Alliance of Cordova Neighborhoods Real Estate
Gray's Creek Real Estate
Colonial Acres Real Estate
Springhill Community Civic Club Real Estate
Sea Isle Park Real Estate
Binghampton-Lester Real Estate
Countrywood Real Estate
Concerned Citizens of Walnut Grove Real Estate
Nearby Counties
Shelby Homes for Sale
DeSoto Homes for Sale
Tipton Homes for Sale
Fayette Homes for Sale
Crittenden Homes for Sale
Marshall Homes for Sale
Hardeman Homes for Sale
Cross Homes for Sale
Top Real Estate Agents
Top Agents in Colonial Acres
Top Agents in Memphis
Top Agents in Shelby
Top Agents in DeSoto
Top Agents in 38654
Top Agents in 38017
Top Agents in Collierville
Top Agents in Southaven