540 E Olive Ave, Memphis, TN 38106 Property Records

Shelby County property record for 540 E Olive Ave, Memphis, TN 38106

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,260 sqft · built 2003
Lot Size	0.354 acres (15,411 sqft)
Owner	Company Name on Record
Last Sale	$1,460,500 (Dec 2013)
Tax Bill	$431 (2025)
Deeds & Mortgages	Dec 2020 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`02-5059-0-0020`

Property Details

APN / Parcel Number

Primary APN	`02-5059-0-0020`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Plumbing Fixtures	6 Plumbing Fixtures
Total Rooms	5 Rooms
Stories	2 Stories
Building Area	1,260 sqft Living Area
1st Floor Area	630 sqft

Exterior

Year Built	Built 2003
Effective Year Built	Effective 2003
Architectural Style	Traditional
Exterior Material	Brick Veneer
Lot Area	15,411 sqft (0.354 acres)
Lot Dimensions	120 ft deep x 47 ft wide
Porch	Open Porch
Porch Area	32 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Street Address	540 E OLIVE AVE
City	MEMPHIS
State	TN
Zip	38106-4326
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	RU-3
Legal Description	&LOT PT 11 LATHAM & STEWART SUBD NS OLIVE AVE
Legal Subdivision	BRENT
Legal Lot Number	6&PT5
Jurisdiction	SHELBY TN
Township / Civil Division	8
Census Block Group	3
Census Block	3009
Census Tract	5900

Owner

Source: Shelby County records, as of July 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	5099 OLD SUMMER RD, C, MEMPHIS, TN 38122-4312
Owner Type	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 4, 2013 · Amount on Record
Deed Sale	Dec 4, 2013 · Amount on Record
Deed Document Number	2013144101
Last Transfer Date	Feb 29, 2016
Transfer Doc	0000021232
Record Updated	Oct 29, 2026

December 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SHELBY TN
Property Address	540 E OLIVE AVE, MEMPHIS, TN 38106-4326
Document Number	0000144267
Instrument Date	Dec 15, 2020
Transaction Type	Mortgage
Record Updated	Jun 22, 2021
Title Company	ATTORNEY ONLY

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	5099 OLD SUMMER RD #C MEMPHIS TN 381224312, C, MEMPHIS, TN 38122-4312

Mortgage

Document Number	0000144267
Date	Dec 29, 2020
Instrument	144267

Lender

Name	LANDMARK CMNTY BK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	180 Months
Due	Dec 28, 2035

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Shelby County assessment roll, as of June 2, 2026

Property Jurisdictions

Type	Name
State	Tennessee
County	Shelby County
Municipality	Memphis City
Unified School District	Shelby County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$431.00 (-59.19%)	$16,050 (+12.04%) Land $2,050 Building $14,000	$64,200 (+12.04%) Land $8,200 Building $56,000
2024	$1,056.00 (+21.1%)
2023		$14,325 Land $750 Building $13,575
2022	$872.00
2021			$57,300 Land $3,000 Building $54,300

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective June 4, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 97% of the US · lower than 97.5% of Tennessee
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	MEMPHIS LIGHT, GAS, & WATER serves 659,500 people · EPA ID TN0000450
Water Source	Groundwater
Last State Inspection	Apr 2024
Lead	5 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 470 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	1,000 / 75
AT&T Fixed Wireless · DSL	100 / 20

May also be available: T-Mobile.

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