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Single Family ResidenceResidential
$196,865$90 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 90How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $89,000 on Oct 24, 1995

3242 VELMAGI ST

MEMPHIS, TN 38128
4
Beds
2
Baths
2,189 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.23 ac
Lot SizeThe size of the land the home sits on, from county records.
1965
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
9
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$197K
$177K low$217K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$89,000 · Oct 24, 1995

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,573 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$58,475 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$6,125
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$52,350
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$38,675
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$233,900

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.13
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
33
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
33
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Traditional/Old
CountySHELBY
Lot (acres)The size of the land the home sits on, from county records.0.23
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 88 ft²Patio · 32 ft²Porch · 552 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Craigmont High SchoolD
High · Grades 9–12 · 0.6 mi
M
Craigmont Middle SchoolD
Middle · Grades 6–8 · 0.7 mi
E
Brownsville Elementary SchoolD
Elementary · Grades PK–5 · 1.4 mi

District: Memphis-Shelby County Schools

Neighborhood · ZIP 38128These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.106
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.113
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.303

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.10%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.23%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.41,992
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,699 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$47,769
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$65,901
Average tempThe average temperature here across a full year.61°F
Annual precipHow much rain and melted snow falls here in a typical year.54 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.64%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

3242 Velmagi St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 89% of homes in Memphis 38128
  • Costs less per square foot than 70% of homes in Shelby County
  • Bigger than 84% of homes in Memphis 38128
  • Older than 68% of homes in Memphis 38128

What homes are worth in Memphis 38128

Each bar is how many homes fall in that price range. The marker is this home.

This home
$62K$243K

This home is worth more than 89% of homes in Memphis 38128.

How it measures up in Memphis 38128

The dot is this home. The mark in the middle is the typical home in Memphis 38128.

Estimated value$196,865
CheaperTypical $139,004Pricier

Pricier than 89% of homes nearby

Price per ft²$90
CheaperTypical $90Pricier

Pricier than 51% of homes nearby

Living area2,189 ft²
SmallerTypical 1,445 ft²Bigger

Bigger than 84% of homes nearby

Lot size0.23 ac
SmallerTypical 0.23 acBigger

Bigger than 53% of homes nearby

Year built1965
OlderTypical 1971Newer

Newer than 32% of homes nearby

How 3242 Velmagi St ranks against every home in each area.
MeasureThis homeMemphis 38128Shelby County
Estimated valuepricier than$196,86589% of homes48% of homes
Price per ft²pricier than$9051% of homes30% of homes
Living areabigger than2,189 ft²84% of homes65% of homes
Lot sizebigger than0.23 ac53% of homes51% of homes
Year builtnewer than196532% of homes38% of homes

About 3242 Velmagi St

How much is 3242 Velmagi St, Memphis, TN worth?

The TopHap Estimate for 3242 Velmagi St, Memphis, TN is $196,865 as of Oct 21, 2026. The likely range is $176,666 to $217,064. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3242 Velmagi St, Memphis, TN last sell?

3242 Velmagi St, Memphis, TN last sold on Oct 24, 1995 for $89,000, according to the county's recorded deed.

How big is 3242 Velmagi St, Memphis, TN?

3242 Velmagi St, Memphis, TN has 4 bedrooms, 2 bathrooms, 2,189 square feet of living space and a 0.23-acre lot.

When was 3242 Velmagi St, Memphis, TN built?

3242 Velmagi St, Memphis, TN was built in 1965, making it 61 years old. It is a traditional/old home. The building has 1 story.

What schools serve 3242 Velmagi St, Memphis, TN?

3242 Velmagi St, Memphis, TN is assigned to Craigmont High School (high), rated D; Craigmont Middle School (middle), rated D; Brownsville Elementary School (elementary), rated D. All sit in Memphis-Shelby County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3242 Velmagi St, Memphis, TN compare to other homes in Memphis 38128?

Among the 12,249 homes in Memphis 38128, it is worth more than 89% of them ($196,865 against a typical $139,004), its price per square foot is higher than 51% of them ($90 against a typical $90), it is bigger than 84% of them (2,189 ft² against a typical 1,445 ft²), its lot is bigger than 53% of them (0.23 ac against a typical 0.23 ac) and it is newer than 32% of them (1965 against a typical 1971). Measured against all of Shelby County, it is worth more than 48% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 3242 Velmagi St, Memphis, TN?

The 2025 property tax bill for 3242 Velmagi St, Memphis, TN was $1,573. The county assessed it at $58,475.

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