For sale

$135,000

2887 Letrec Cv, Memphis, TN 38127

3beds

1,042sqft

$985/mo

Get pre-qualified

Single Family Residence

Built in 1992

9,583 Square Feet Lot

$132,800 Zestimate^®

$130/sqft

$-- HOA

What's special

Updated inside and outFunctional floor planSpacious lotThree bedrooms

Amazing opportunity! Updated inside and out; easy to maintain home offers functional floor plan, established neighborhood, and affordable price point make this property excellent for a first-time homebuyer looking to build equity or an investor seeking to add an income-producing property to their portfolio. With three bedrooms and two full baths, the home offers a layout that can appeal to a broad range of tenants and buyers. The spacious lot provides room to enjoy the outdoors. Conveniently located in Memphis with access to major roadways, shopping, dining, schools, and everyday amenities. Professional property management is in place. Tenant occupied at $1,095/month; lease is month-to-month. Showings/inspections/rent rolls upon accepted offer only. Do not disturb tenant. Photos were taken prior to tenant move-in*

17 days
216
22

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Dimensions: 0 x 0

Dining room

Dimensions: 0 x 0

Kitchen

Features: Updated/Renovated Kitchen

Living room

Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Features

All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Wood Laminate Floors, Tile
Has fireplace: No

Interior area

Total interior livable area: 1,042 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 9,583 Square Feet
Dimensions: 39 x 139
Features: Level

Details

Parcel number: 072124 A00019

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Wood/Composition

Condition

New construction: No
Year built: 1992

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Schoolfield-st Elmo Rev

Location

Region: Memphis

Financial & listing details

Price per square foot: $130/sqft
Tax assessed value: $124,200
Annual tax amount: $1,636
Price range: $135K - $135K
Date on market: 9/5/2026
Cumulative days on market: 18 days

Estimated market value

$132,800

$126,000 - $139,000

$1,164/mo

Price history

Date	Event	Price
9/5/2026	Listed for sale	$135,000+20.1%$130/sqft
Source: MAAR #10229876 Report a problem
3/1/2025	Listing removed	$1,135$1/sqft
Source: Zillow Rentals Report a problem
2/27/2025	Listed for rent	$1,135$1/sqft
Source: Zillow Rentals Report a problem
8/31/2021	Sold	$112,400+149.8%$108/sqft
Source: MAAR #10103090 Report a problem
6/25/2021	Sold	$45,000-1.7%$43/sqft
Source: Public Record Report a problem
11/13/2007	Sold	$45,773-18.6%$44/sqft
Source: Public Record Report a problem
3/8/2006	Sold	$56,200-8.1%$54/sqft
Source: Public Record Report a problem
8/15/2005	Sold	$61,146+11.6%$59/sqft
Source: Public Record Report a problem
1/19/2005	Sold	$54,804$53/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,637 +17.5%	$31,050 +46.8%
2024	$1,393 +8.1%	$21,150
2023	$1,288	$21,150
2022	--	$21,150 +37.6%
2021	--	$15,375 +21.5%
2020	$404	$12,650
2019	$404 -21.1%	$12,650
2018	$512 -45.1%	$12,650
2017	$934 +110%	$12,650 -3.3%
2016	$445 -4.5%	$13,075
2014	$466	$13,075
2013	--	$13,075 -10.4%
2012	--	$14,600
2011	--	$14,600
2010	--	$14,600
2009	--	$14,600 -8.2%
2008	--	$15,900
2007	--	$15,900
2006	--	$15,900
2005	--	$15,900 -3.8%
2004	--	$16,525
2003	--	$16,525
2002	--	$16,525
2001	--	$16,525 +36.9%
2000	--	$12,075