Briscoe Ellett III

2986 Lake Park Rd

Memphis, TN
$ 129,900 Beds 3 Baths 1.5 Sq 1,026
Monthly Estimate* How much can I afford?

Newly renovated Turnkey property from 2025 being professionally managed by Reedy and Company Realtor's who would like to continue management. 1 year old HVAC, Water heater, Roof less than 8 years old. Over $45,000 worth of renovations completed in 2025. Detailed renovation scope available upon request. Email Mark@memphisinvestmentproperties and Alex@memphisinvestmentproperties for more information.

Single Family

  • Price
  • $ 129,900
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 1
  • Area
  • Frayser - North
  • Lot Size
  • 0.15 Acres
  • Zip
  • 38127
  • Sqr Footage
  • 1,026
  • Year Built
  • 1988
  • Taxes
  • $ 1099
  • Style
  • Traditional
  • MLS#
  • 10228626
Listed By: Reedy & Company, REALTORS
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Roof Composition Shingles
Status Active
Full Baths 1
Half Baths 1
Legal Subdivision Name SCHOOLFIELD-ST ELMO
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 725F
Parcel Number 072121 A00026
Status Active
Annual City Tax 538
Annual County Tax 561
Sale/Rent For Sale
Area Frayser - North
Service Type Full Service Listing
Neighborhood Association None
Year Built 1988
Directions From Frayser Blvd go north on Schoolfield Rd,turn right on Lake Park Rd,house is on the left
City Memphis
DOM 37

Interior Features

Living Room Updated/Renovated Kitchen
Beds 3
Total Baths 1.1
Number of Rooms 6
Downstairs Bedrooms 3
FLOORS/CEILINGS Wood Laminate Floors

Exterior Features

Foundation Slab
Pool None
Lot 25
Lot Size Area 0.15
Water & Sewer Public Sewer,Public Water
Lot Size 60X110
Parking Display No
Lot Description Level
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Wood/Composition
Misc. Exterior Wrought Iron Security Drs

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

8/18/2026 Listed $135,900
9/15/2026 5% - $129,900

Property vs Zip Code Average in 38127

Price
AVG $110K
$130K
Taxes
AVG $1,039
$1,099
Year Built
AVG 1964
1988
Visits
AVG 65
36
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

2986 Lake Park Rd Memphis, TN is a Single Family Home for sale at $129900 with 1026 sqft and a lot size of 0.15 Acres Acre(s). 2986 Lake Park Rd Memphis has 3 bedrooms, 1 baths and was built in 1988. The property's zip code is 38127 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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