#10199517, Listing office: The Peyton Co., Inc., REALTORS
Property details
About 7421 Richmond Rd
Excellent investment opportunity! This 4 bed, 3 bath “As Is” brick home offers expansive untapped value. The main floor includes a formal dining room, spacious great room with fireplace, eat in kitchen, and a cozy hearth room with a second fireplace. Upstairs features a large bedroom plus bonus room — ideal for home office, guest suite, or flex space. With no city taxes, low holding costs, and great rental or resale upside, this property is perfectly positioned near parks, Community Center, and major highways. Surrounded by restaurants and retail anchors, this is a rare, cash flow–friendly investment in a growing neighborhood. Sold “As Is” — maximum upside for the right investor.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air, Other
BasementYes
Lot size0.22 Acres
Year built1987
ParkingDriveway/Pad,Front-Load Garage
MLS #10201503
FireplaceIn Den/Great Room, In Keeping/Hearth room
Summary
- Full Bathrooms: 3
- Appliances: Range, Oven
- Basement: Yes
- Flooring Type: Concrete Floor, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling
- Interior: All Window Treatments, Walk-In Closet(s), Pull Down Attic Stairs, Attic Access
- Fireplace: In Den/Great Room, In Keeping/Hearth room
- Total Bedroom Count: 4
- Parking: Driveway/Pad,Front-Load Garage
- Exterior: Patio, Wood Fence
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air, Other
- List Price: $275,000
- Lot: Few Trees, Level, Fencing
- Directions: From Shelby Drive, travel North on Germantown Road to east on Richmond
- Year Built: 1987
- Stories: 2
- Lot Size: 0.22 Acres
- MLS Number: 10201503
- Office Name: eXp Realty
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/18/2025, 6:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
3
Memphis Business Academy Hickory Hill Elementary School
Public Charter PK-2
0.4 mi
•4443 S Germantown Rd
6
Germanshire Elementary School
Public District PK-5
1.1 mi
•3965 S Germantown Rd
7
Southwind Elementary School
Public District PK-5
1.4 mi
•8155 Meadow Vale Dr
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 $65,352. Residents of Tn, TN typically earn between $35k-100k each year. Typical family type is married, with kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
18%
<35k
67%
35k-100k
14%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
29%
Single, No Kids
22%
Single, with Kids
19%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
11%
12-17 yrs old
19%
18-34 yrs old
46%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Soccer
Basketball
Horse Races
Where do the neighbors shop?
Burlington
Ross Dress For Less
Stein Mart
Where do the neighbors go to eat?
Wingstop
Jasons Deli
LongHorn Steakhouse
What do the neighbors drive?
Nissan
Acura
Buick
What do the neighbors listen to?
Christian Adult Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7421 Richmond Rd
The listing price of 7421 Richmond Rd property is $275,000.
The property 7421 Richmond Rd is a house located in Tn, Tennessee, 38125.
Active Listing: 7421 Richmond Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7421 Richmond Rd are: Memphis Business Academy Hickory Hill Elementary School (GreatSchools Rating 3/10), Germanshire Elementary School (GreatSchools Rating 6/10), Southwind Elementary School (GreatSchools Rating 7/10), Memphis Business Academy Hickory Hill Middle School (GreatSchools Rating 4/10), Lowrance School (GreatSchools Rating 5/10), Kirby Middle School (ASD) (GreatSchools Rating 3/10), Southwind High School (GreatSchools Rating 2/10), Kirby High School (GreatSchools Rating 2/10), Germantown High School (GreatSchools Rating 4/10).
The property at 7421 Richmond Rd has 4 bedrooms and 3 bathrooms.
The year of construction for 7421 Richmond Rd is 1987.
This home is located at 7421 Richmond Rd in Tn, TN and zip code 38125 in the Richwood neighborhood. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 18, 2025 and is currently priced at $275,000.
In June 2025 more than 73 listings in Tn, TN were sold above the asking price. During the same period more than 107 listings were sold at asking price, while more than 219 were sold below. The number of homes for sale in Tn, TN increased by 11.9% between May and June 2025. While the average time on the market in June 2025 was 35 days, the median list price was $224,900.
From Rocket Homes Real Estate and based on county public records data.