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Single Family ResidenceResidential
$49,071$56 / 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 Sep 24, 2026
Last sold for $18,500 on Oct 9, 2003

787 GRACEWOOD ST

MEMPHIS, TN 38112
2
Beds
1
Baths
870 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.
0.17 ac
Lot SizeThe size of the land the home sits on, from county records.
1947
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
4
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$49K
$44K low$54K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$18,500 · Oct 9, 2003

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$280 (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.$10,425 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$2,250
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$8,175
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$6,125
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$41,700

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.27
70
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
35
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.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.41 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
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.Cottage
CountySHELBY
Lot (acres)The size of the land the home sits on, from county records.0.17
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
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.Patio · 16 ft²Porch · 24 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

M
Treadwell Middle SchoolF
Middle · Grades 6–8 · 0.9 mi
E
Treadwell Elementary SchoolF
Elementary · Grades PK–5 · 1.0 mi
H
Douglass High SchoolD
High · Grades 9–12 · 1.6 mi

District: Memphis-Shelby County Schools

Neighborhood · ZIP 38112These 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.149
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.125
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.267

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.87%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.20%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.24%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.15,543
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,507 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$59,650
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$79,967
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

787 Gracewood 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 less than 97% of homes in Shelby County
  • Costs less per square foot than 93% of homes in Shelby County
  • Smaller than 96% of homes in Shelby County
  • Has a smaller lot than 77% of homes in Shelby County
  • Older than 87% of homes in Shelby County

What homes are worth in Memphis 38112

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

This home
$34K$674K

This home is worth more than 11% of homes in Memphis 38112.

How it measures up in Memphis 38112

The dot is this home. The mark in the middle is the typical home in Memphis 38112.

Estimated value$49,071
CheaperTypical $112,156Pricier

Pricier than 11% of homes nearby

Price per ft²$56
CheaperTypical $89Pricier

Pricier than 23% of homes nearby

Living area870 ft²
SmallerTypical 1,416 ft²Bigger

Bigger than 11% of homes nearby

Lot size0.17 ac
SmallerTypical 0.17 acBigger

Bigger than 42% of homes nearby

Year built1947
OlderTypical 1940Newer

Newer than 67% of homes nearby

How 787 Gracewood St ranks against every home in each area.
MeasureThis homeBinghampton / LesterMemphis 38112Shelby County
Estimated valuepricier than$49,07117% of homes11% of homes3% of homes
Price per ft²pricier than$5635% of homes23% of homes7% of homes
Living areabigger than870 ft²15% of homes11% of homes4% of homes
Lot sizebigger than0.17 ac50% of homes42% of homes23% of homes
Year builtnewer than194759% of homes67% of homes13% of homes

About 787 Gracewood St

How much is 787 Gracewood St, Memphis, TN worth?

The TopHap Estimate for 787 Gracewood St, Memphis, TN is $49,071 as of Sep 24, 2026. The likely range is $44,389 to $53,753. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 787 Gracewood St, Memphis, TN last sell?

787 Gracewood St, Memphis, TN last sold on Oct 9, 2003 for $18,500, according to the county's recorded deed.

How big is 787 Gracewood St, Memphis, TN?

787 Gracewood St, Memphis, TN has 2 bedrooms, 1 bathrooms, 870 square feet of living space and a 0.17-acre lot.

When was 787 Gracewood St, Memphis, TN built?

787 Gracewood St, Memphis, TN was built in 1947, making it 79 years old. It is a cottage home. The building has 1 story.

What schools serve 787 Gracewood St, Memphis, TN?

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

How does 787 Gracewood St, Memphis, TN compare to other homes in Memphis 38112?

Among the 5,506 homes in Memphis 38112, it is worth more than 11% of them ($49,071 against a typical $112,156), its price per square foot is higher than 23% of them ($56 against a typical $89), it is bigger than 11% of them (870 ft² against a typical 1,416 ft²), its lot is bigger than 42% of them (0.17 ac against a typical 0.17 ac) and it is newer than 67% of them (1947 against a typical 1940). Measured against all of Shelby County, it is worth more than 3% 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 787 Gracewood St, Memphis, TN?

The 2025 property tax bill for 787 Gracewood St, Memphis, TN was $280. The county assessed it at $10,425.

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