$86,000

3 Beds   1 Bath   1,092 Sq. Ft.   Single-Family
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Point Pleasant Ave
Memphis, TN 38118

Potential Profit
$27,843

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Status: Active
Listing ID: 63668220
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Nearby Foreclosures

Homes near Point Pleasant Ave in Memphis, Tennessee


Learn about Point Pleasant Ave in Memphis, TN

This single-family property is available as a foreclosure at Point Pleasant Ave. This property features 3 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,092 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Memphis, specifically for Point Pleasant Ave and comparable listings. Based on this expert analysis, the estimated market value is $61,300. This single-family has potential equity of $27,843. If purchased for rental purposes, the monthly rental rate could range between $760 and $1,072, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $27,843. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Point Pleasant Ave are updated daily along with others in Memphis, Tennessee, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Point Pleasant Ave below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Point Pleasant Ave in Memphis Tennessee Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Point Pleasant Ave
View Foreclosure Status
06/11/25
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $86,000. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

What is the city of Memphis, TN like?

Memphis, Tennessee, is a vibrant city rich in culture and history, known for its music scene and Southern hospitality. The city is home to iconic landmarks like Beale Street, Graceland, and Stax Museum of American Soul Music, attracting both tourists and residents alike. Memphis boasts a diverse culinary scene, highlighted by its world-famous barbecue, making it an ideal location for food enthusiasts.

The city's lifestyle is enhanced by its various outdoor activities, including walking and biking along the Mississippi Riverfront, visiting lovely parks like Shelby Farms, and participating in the city's numerous festivals throughout the year. Memphis is also culturally abundant, with galleries, theaters, and music festivals celebrating its heritage.

Education opportunities abound in Memphis, with a range of public and private schools, as well as higher education institutions like the University of Memphis and Rhodes College. Families value the availability of quality education options, contributing to the city's appeal as a residential area.

Memphis is well-connected with public transportation options, including buses and the Memphis Area Transit Authority (MATA), plus easy access to major highways for commuters and travelers. Additionally, there is an increasing push towards local development and revitalization of various neighborhoods.

Nearby Schools

There are 5 schools in the area. Nearby schools include White Station High School and Central High School.

White Station High School
Central High School
Overton High School
Richland Elementary School
Huffman Middle School

Nearby Attractions

There are plenty of activities near this property like Memphis International Airport, Shelby County Public Library, and more.

Memphis International Airport
Shelby County Public Library
Memphis Health Care Center
Memphis Zoo
FedExForum

What kind of public transportation is there?


Public transportation options include: MATA Bus service providing routes throughout the city, Trolley services in the Downtown area, Nearby taxi and rideshare services like Uber and Lyft. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Shelby Farms Park, Tom Lee Park and more.

Shelby Farms Park
Tom Lee Park
Memphis Botanic Garden
Overton Park
T.O. Fuller State Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

Comcast Xfinity
AT&T
Spectrum
T-Mobile Home Internet
Rental Chart
View Rental and Market Value
for Point Pleasant Ave in Memphis Tennessee
View Market Value

Property Information

  • Price: $86,000
  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,092
  • Year Built: Sign in to view
  • Subdivision: EAST WHITEHAVEN PARK
  • Property Type: Single Family Dwelling

Public Records

Community & Neighborhood

This property in Memphis, TN is located in the East Whitehaven Park Subdivision.


Foreclosure

The property located at Point Pleasant Ave in Memphis, TN is listed as a Foreclosure

Properties like Point Pleasant Ave in Memphis, Tennessee listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Memphis, TN. The longer lenders own properties like this on Point Pleasant Ave, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

Read more...

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Point Pleasant Ave located in Memphis, TN is $900/month. Comparable homes around Point Pleasant Ave that are rentals have monthly ranges starting as low as $760 per month and as high as $1,072 per month. An owner looking to use this property as an investment could bring a return in the area of $760 - $1,072 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
06/12/25   Foreclosure
06/11/25   Foreclosure
03/21/25 05/13/25 Foreclosure
01/16/25 02/14/25 Preforeclosure Phh Mortgage Corporation
01/15/25 02/14/25 Preforeclosure
01/02/25 02/14/25 Preforeclosure
10/05/24 12/11/24 Bankruptcy
09/10/24 10/10/24 Preforeclosure Phh Mortgage Corporation
09/06/24 10/10/24 Preforeclosure
09/02/24 10/10/24 Preforeclosure
04/19/11 01/14/12 Bankruptcy

Similar Homes Nearby Memphis, TN


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Homes On This Street
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Point Pleasant Ave
Memphis, TN 38118

3 Beds   1 Bath   1,092 sq. ft.   Single-Family

$86,000

Status: Active Listing ID: 63668220

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Point-Pleasant-Ave-Memphis-TN-38118/63668220_lid

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