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224 Memphis Ave

Lower Township, NJ 08260

4 bd 2 ba 1,696 sqft Built 1995 Lot 3,200 sqft single_family
Most recent sale
$789,000
Apr 18, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 18, 2022 Sold $789,000 MLS #220557
Mar 3, 2022 Listed $769,000 MLS #220557
Sep 4, 2009 Sold $457,500 Public Record
Jul 18, 2009 Listing removed $479,900 CapeMay
Jun 29, 2009 Price changed $479,900 MLS #116811
May 2, 2009 Price changed $499,900 MLS #116811
Nov 25, 2007 Listed $529,000 MLS #116811
Dec 29, 1997 Sold $164,900 Public Record
Mar 21, 1995 Sold $90,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $188,000 $223,200 $411,200 $8,598
2023 $188,000 $223,200 $411,200 $8,240
2022 $188,000 $223,200 $411,200 $7,989
2021 $188,000 $223,200 $411,200 $7,731
2020 $188,000 $223,200 $411,200 $7,615
2019 $188,000 $223,200 $411,200 $7,409
2018 $188,000 $223,200 $411,200 $7,237
2017 $188,000 $223,200 $411,200 $7,241
2016 $188,000 $223,200 $411,200 $7,142
2015 $188,000 $223,200 $411,200 $6,912
2014 $188,000 $223,200 $411,200 $6,686
2013 $199,200 $223,200 $422,400 $5,981
2012 $199,200 $223,200 $422,400 $5,740
2011 $199,200 $223,200 $422,400 $5,736
2010 $203,200 $223,200 $426,400 $5,752
2009 $134,000 $345,500 $479,500 $5,547
2008 $116,200 $364,500 $480,700 $5,316
2007 $116,200 $364,500 $480,700 $5,076

Property facts

Year built
1995
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,696 sqft
Lot size
3,200 sqft
ZIP code
08260
City
Lower Township
Street
Memphis Ave
Coordinates
38.95948, -74.85201

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,544
Gross rental yield
3.87%
Implied cap rate
2.51%
Trend-extrapolated value

Frequently asked questions

When did 224 Memphis Ave last sell?
224 Memphis Ave most recently sold on Apr 18, 2022 for $789,000.
What is the current tax assessment for 224 Memphis Ave?
The most recent total assessment for 224 Memphis Ave (year 2025) is $411,200 with $8,598 in property tax.
How does 224 Memphis Ave's assessment compare to its last sale price?
The current assessment is 47.9% below the last sale price of $789,000.
When was 224 Memphis Ave built?
224 Memphis Ave was built in 1995.
How does 224 Memphis Ave compare to others on Memphis Ave?
We track 5 other properties on Memphis Ave. Browse the list under "Other properties on Memphis Ave" to compare beds, baths, and sale history.
What are the property facts for 224 Memphis Ave?
224 Memphis Ave is a 4 bed, 2 bath, 1,696 sqft, 3,200 sqft lot single_family.
Is 224 Memphis Ave a flip candidate?
No — 224 Memphis Ave does not appear in our flips dataset.
Is 224 Memphis Ave a tax-appeal candidate?
No — 224 Memphis Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$721.1K
2026 Q4
$727.2K
ZIP 08260 — Median Price History + Forecast

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