Briscoe Ellett III

480 Friars Point Ln

Memphis, TN
$ 225,000 Beds 3 Baths 2.5 Sq 1,741
Monthly Estimate* How much can I afford?

MAJOR PRICE DROP! Investor or Savvy First-Time Homebuyer Opportunity! This 3-bedroom, 2.5-bathroom two-story home offers an excellent opportunity for an investor looking to add to their portfolio or a savvy first-time homebuyer willing to put in some TLC and build equity. Situated on a spacious corner lot, the home features a comfortable layout with a living room showcasing built-in bookshelves and a brick gas fireplace, an updated eat-in kitchen, and a flexible formal dining room that could also be used as a home office. The property only needs some TLC to unlock its full potential.Conveniently located near shopping, dining, and major highways, this home offers plenty of opportunity at an attractive price point. SALE IS SUBJECT TO APPROVAL BY THE SELLER’S BANK. This is a short sale, and all offers and terms are subject to lender approval. Buyers should allow additional time for the short-sale approval process.

Single Family

  • Price
  • $ 225,000
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • SHELBY
  • Half Bathrooms
  • 1
  • Area
  • Cordova - West
  • Lot Size
  • 0.21 Acres
  • Zip
  • 38018
  • Sqr Footage
  • 1,741
  • Year Built
  • 1983
  • Taxes
  • $ 3401
  • Style
  • Traditional
  • MLS#
  • 10217809
Listed By: BHHS Taliesyn Realty
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Fireplaces 1
Status Active
Full Baths 2
Half Baths 1
Legal Subdivision Name WALNUT GROVE WOODS PHASE 1
Style Traditional
Stories Count 2
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 796C
Parcel Number 091076 00022
Status Active
Annual City Tax 1665
Annual County Tax 1736
Sale/Rent For Sale
Area Cordova - West
Service Type Full Service Listing
Neighborhood Association None
Year Built 1983
Directions head north on germantown parkway,turn right on friars point ln
City Memphis
DOM 181

Interior Features

Dining Room 11x10
Living Room Separate Living Room
Beds 3
Total Baths 2.1
Number of Rooms 6
FLOORS/CEILINGS Part Carpet,Tile

Exterior Features

Pool None
Lot 141
Lot Size Area 0.21
Lot Size 104X125
Parking Display G2A
Lot Description Corner
# Covered Parking Spaces 2
PARKING/STORAGE Side-Load Garage
EXTERIOR/WINDOWS Other (See Remarks)
Misc. Exterior Other (See REMARKS)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/27/2026 Listed $275,000
4/30/2026 3% - $269,000
9/3/2026 17% - $225,000

Property vs Zip Code Average in 38018

Price
AVG $430K
$230K
Taxes
AVG $3,145
$3,401
Year Built
AVG 2001
1983
Visits
AVG 102
320
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

480 Friars Point Ln Memphis, TN is a Single Family Home for sale at $225000 with 1741 sqft and a lot size of 0.21 Acres Acre(s). 480 Friars Point Ln Memphis has 3 bedrooms, 2 baths and was built in 1983. The property's zip code is 38018 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Briscoe Ellett III

Briscoe Ellett III

901-282-9020

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