For sale Home

Listed Mar 27, 2026

$225,000 Est. $1,488/mo

480 Friars Point Lane

  • 3

    Beds

  • 3

    Baths

The story

MAJOR PRICE DROP! Investor or Savvy First-Time Homebuyer Opportunity! This 3-bedroom, 2.5-bathroom two-story home offers an excellent opportunity for an investor looking to add to their portfolio or a savvy first-time homebuyer willing to put in some TLC and build equity. Situated on a spacious corner lot, the home features a comfortable layout with a living room showcasing built-in bookshelves and a brick gas fireplace, an updated eat-in kitchen, and a flexible formal dining room that could also be used as a home office. The property only needs some TLC to unlock its full potential.Conveniently located near shopping, dining, and major highways, this home offers plenty of opportunity at an attractive price point. SALE IS SUBJECT TO APPROVAL BY THE SELLER’S BANK. This is a short sale, and all offers and terms are subject to lender approval. Buyers should allow additional time for the short-sale approval process.

Facts & features

Home type

Home

Year built

1983

Floors

2

Parking

2-car garage

Included features

  • Fireplace

    1 fireplace

  • Cooling

    Central Air

  • Heating

    Central

  • Flooring

    Carpet, Tile

  • Lot Information

    Corner Lot

Mortgage calculator

Estimated monthly payment

$1,488 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $1,198
  • Property tax $225
  • Insurance $66

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

BHHS Taliesyn Realty

Broker Name

BHHS Taliesyn Realty

Agent

Arlexus A Holmes

Location

Memphis TN 38117