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$153,010

1005 N 16th St, Memphis, TX, 79245

$198,913 ARVInfo
Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths3,140 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$38.22 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size21,301 sqft

Building Information

Year Built1950
Garage Spaces2

Land Information

APN203768
Land UseResidential
Legal DescriptionWHALEY ADDITION, MEMPHIS BLOCK: 4 LOTS: S/2 OF 3 ALL 4-5-6
Census Tract950500
Assessed Land Value$3,800
Assessed Improvement Value$173,330
Assessment Year2025

About this property

Looking for a home that's got plenty of space and charm? This two-story brick beauty on a corner lot is calling your name! Imagine settling into a home where everyone gets their own room and there's space to spread out. Upstairs, you've got 5 bedrooms perfect for a growing family or those who love having guests. Two bathrooms with one upstairs and another conveniently located downstairs. Picture cozy evenings by not one, but TWO fireplaces - one in the living room and another in the family room. Both rooms feature stunning bay windows that flood the spaces with natural light. The kitchen is a practical galley-style with a cute breakfast area - perfect for quick morning coffees or casual family meals. This isn't just a house, it's a home waiting for your family's memories! Additional features include central heating and air, updated double-hung insulated windows, and a detached double garage with extra storage room. NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY THE LISTING AGENT OR AN AGENT WHO HAS WRITTEN PERMISSION FROM THE LISTING AGENT. As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Agent, so please do not contact any of the owners directly. This property is not for Rent, not for Lease and Owner Financing is not available.

Investor Tools

Property Icon
$153,010
Estimated Property Value
$0Estimated Mortgage Balance
$153,010Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$198,913
Rent-to-Value Ratio: 0.72%
Rent Estimate
$918 /month
Positive
Cash Flow Estimate:
$306 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$239/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,106
$153,010
2025
$3,800
$173,330
$177,130
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2022
$2,106
$153,010

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$153,010
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Memphis

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1005 N 16th St | Property Details | No Agent List