5 days on Rocket
$1,602 Closing Credit¹
#10199384, Listing office: Reedy & Company, REALTORS
$127,500 List price
3035 Phyllis Ln Memphis, TN 38118
$1,514
Closing credit¹
3 beds
1 full
0.2 acres
House
Property details
About 3035 Phyllis Ln
Great investment opportunity! This professionally managed, tenant occupied property features newer roof and gutters (2022) and many other recent repairs. The property is currently rented to a long term tenant for $1040/mo. The tenant is a great, timely payer and the lease expires 06/26. The property is brick, has covered parking and it has central heat in air. It is conveniently located in East Memphis with easy access to all the city's amenities. Do not approach or disturb the tenant. No showings without an accepted offer.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.18 Acres
Year built1958
ParkingDriveway/Pad
MLS #10199781
Summary
- Full Bathrooms: 1
- Flooring Type: Part Carpet
- Total Bedroom Count: 3
- Parking: Driveway/Pad
- Exterior: Other (See REMARKS)
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $127,500
- Annual Tax Amount: $1,105
- Tax Year: 2024
- Lot: Level
- Directions: From Knight Arnold, turn North on Randy Ln, then left on Phyllis. House will be on your right.
- Year Built: 1958
- Stories: 1
- Lot Size: 0.18 Acres
- MLS Number: 10199781
- Office Name: Crye-Leike, Inc., REALTORS
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: 6/25/2025, 6:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$127,500
3035 Phyllis Ln
$1,514
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 29, 2021 | Home Sold | $95,000 |
| Feb 26, 2009 | Home Sold | $33,800 |
| Feb 18, 2009 | Home Sold | $16,351 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $18,150 | $1,105 |
| 2023 | $18,150 | $1,105 |
| 2022 | $18,150 | $492 |
| 2021 | $18,150 | $492 |
| 2020 | $13,750 | $996 |
| 2019 | $13,750 | $996 |
| 2018 | $13,750 | $565 |
| 2017 | $13,750 | $581 |
History based on county public records data.
Nearby schools
6
Parkway Village Elementary School
Public District PK-5
0.2 mi
•3000 Claudette Rd
4
Sheffield Elementary School
Public District PK-5
0.6 mi
•4290 Chuck Ave
4
Getwell Elementary School
Public District PK-5
0.9 mi
•2795 Getwell Rd
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 $42,415. The majority of Memphis, TN residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
37%
<35k
55%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
36%
Single, No Kids
31%
Single, with Kids
16%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
13%
12-17 yrs old
24%
18-34 yrs old
39%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Basketball
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Ross Dress For Less
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Jasons Deli
Golden Corral
What do the neighbors drive?
Chevrolet
Acura
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3035 Phyllis Ln
The listing price of 3035 Phyllis Ln property is $127,500.
The property 3035 Phyllis Ln is a house located in Memphis, Tennessee, 38118.
Active Listing: 3035 Phyllis Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3035 Phyllis Ln are: Parkway Village Elementary School (GreatSchools Rating 6/10), Sheffield Elementary School (GreatSchools Rating 4/10), Getwell Elementary School (GreatSchools Rating 4/10), American Way Middle School (GreatSchools Rating 3/10), Wooddale Middle School (ASD) (GreatSchools Rating 3/10), Colonial Middle School (GreatSchools Rating 4/10), Sheffield High School (GreatSchools Rating 2/10), Overton High School (GreatSchools Rating 3/10), Memphis School of Excellence (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $1,105 (source: MLS/based on county public records data).
The last sale was on December 29, 2021 for $95,000 (source: MLS/tax record).
The property at 3035 Phyllis Ln has 3 bedrooms and 1 bathroom.
The year of construction for 3035 Phyllis Ln is 1958.
This home is located at 3035 Phyllis Ln in Memphis, TN and zip code 38118 in the Parkway Village neighborhood. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 24, 2025 and is currently priced at $127,500.
Over 70 listings were sold over their listed price in May 2025 in Memphis, TN. In the same period over 263 listings were sold below the listed price and 110 listings were sold for the listed price. In May 2025 in Memphis, TN there were 11.3% more homes for sale than in April. The median list price of listings available in May 2025 was $220,000, while the average time on the real estate market was 10 days.
From Rocket Homes Real Estate and based on county public records data.