$912 Closing Credit¹
#10192881, Listing office: 4 Success Realty, LLC
$42,000 List price
2965 Lotus Rd Memphis, TN 38109
$499
Closing credit¹
1 bed
1 full
0.6 acres
House
Property details
About 2965 Lotus Rd
INVESTOR SPECIAL!! Cute 1BR/1BA home located in Southwest Memphis area off of Lotus Rd near U.S. 61 South. This quaint home has Primary Bedroom, shared Bathroom, Kitchen, Living Room and a small Sunroom off of the rear of the home with it's own small storage area as well. Lot is 0.6 Acres with a larger front yard and a smaller back yard. It is close to shopping and restaurants off of U.S. 61 as well. Home would be a great investment for those looking to buy more properties or 1st time homebuyer.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCeiling Fan(s), Window Unit(s)
BasementYes
Lot size0.6 Acres
Year built1933
ParkingDriveway/Pad,On-Street Parking,Storage Room(s)
MLS #10170839
ViewOther
Summary
- Full Bathrooms: 1
- Appliances: Range, Oven, Refrigerator, Washer, Dryer
- Basement: Yes
- Flooring Type: Sprayed Ceiling, Textured Ceiling, Tile, Vinyl/Luxury Vinyl Floor, Wood Laminate Floors
- Interior: All Window Treatments, Pull Down Attic Stairs, Smoke Detector(s), Vent Hood/Exhaust Fan
- Total Bedroom Count: 1
- Parking: Driveway/Pad,On-Street Parking,Storage Room(s)
- View: Other
- Exterior: Wrought Iron Security Drs, Porch
- Architectural Style: Bungalow, Ranch
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Window Unit(s)
- List Price: $42,000
- Annual Tax Amount: $246
- Tax Year: 2024
- Lot: Landscaped, Level, Few Trees
- Directions: Take I-240 or I-55 towards U.S. 61 South. Exit U.S. 61 South towards Wall, MS. Turn right onto E. Peebles Rd and head west until you reach Lotus Road. Turn right onto Lotus Road. House is on the left side of the road.
- Year Built: 1933
- Stories: 1
- Lot Size: 0.6 Acres
- MLS Number: 10170839
- Office Name: BHHS Taliesyn Realty
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/23/2025, 11:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$42,000
2965 Lotus Rd
$499
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 21, 2022 | Home Sold | $53,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $4,050 | $246 |
| 2023 | $4,050 | $246 |
| 2022 | $4,050 | $249 |
| 2021 | $4,050 | $249 |
| 2020 | $6,300 | $456 |
| 2019 | $6,300 | $456 |
| 2018 | $6,300 | $258 |
| 2017 | $6,300 | $275 |
History based on county public records data.
Nearby schools
4
Ford Road Elementary School
Public District PK-5
1.1 mi
•3336 Ford Rd
2
Levi Elementary School
Public District PK-5
1.8 mi
•135 W Levi Rd
2
Vision Preparatory Charter School
Public Charter KG-5
1.9 mi
•260 Joubert Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $16,458. Most Memphis, TN residents have annual incomes less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
77%
<35k
18%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
54%
Single, No Kids
25%
Single, with Kids
16%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
21%
18-34 yrs old
40%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
White Castle
Church's Chicken
What do the neighbors drive?
Kia
Chevrolet
Buick
What do the neighbors listen to?
Adult Standards
Rock
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Memphis, TN
Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.
The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.
Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.
Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.
About 2965 Lotus Rd
The listing price of 2965 Lotus Rd property is $42,000.
The property 2965 Lotus Rd is a house located in Memphis, Tennessee, 38109.
Active Listing: 2965 Lotus Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2965 Lotus Rd are: Ford Road Elementary School (GreatSchools Rating 4/10), Levi Elementary School (GreatSchools Rating 2/10), Vision Preparatory Charter School (GreatSchools Rating 2/10), Riverview School (GreatSchools Rating 3/10), Chickasaw Middle School (GreatSchools Rating 2/10), Freedom Preparatory Academy Whitehaven Middle at Brownlee Ca (GreatSchools Rating 4/10), Mitchell High School (GreatSchools Rating 2/10), Carver College and Career Academy (GreatSchools Rating 1/10), Westwood High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $246 (source: MLS/based on county public records data).
The last sale was on July 21, 2022 for $53,000 (source: MLS/tax record).
The property at 2965 Lotus Rd has 1 bedroom and 1 bathroom.
The year of construction for 2965 Lotus Rd is 1933.
This home is located at 2965 Lotus Rd in Memphis, TN and zip code 38109. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $42,000.
While more than 70 listings in Memphis, TN in May 2025 were sold above asking price, there were more than 110 listings sold at asking price, and more than 263 were sold below. In May 2025 in Memphis, TN there were 11.3% more homes for sale than in April. In May 2025, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $220,000.
From Rocket Homes Real Estate and based on county public records data.