Foreclosure for Sale on Hobson Rd, Memphis, TN 38128

Foreclosures › Tennessee › Shelby › Memphis › Hobson Rd
Bank-owned REO foreclosure property at Hobson Rd, Memphis, TN 38128. 2 bed 1 bath Shelby County foreclosure listing.
Foreclosure (REO) Active 51 days on market
Hobson Rd, Memphis, TN 38128
Est. Value
$40,036
Shelby County · Tennessee
2
Bedrooms
1
Bathrooms
1955
Year built
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Property details
Listing type Foreclosure
Property type SingleFamily
Bedrooms 2
Bathrooms 1
Year built 1955
County Shelby County
State Tennessee
ZIP 38128
Days on Market 51 days
Listing ID 65961431
About this property

This Memphis, TN property is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted.

📊 Shelby County Market · Updated daily
Active Listings
2,703
Avg. Est. Value
$129,998
Bank-Owned (REO)
478
Pre-Foreclosures
2,225

2,074 active foreclosure listings in Memphis, TN.

Browse all Shelby County foreclosures →
❓ Frequently Asked Questions
This is a bank-owned (REO) property. The lender has repossessed it after the foreclosure process completed. REO properties are sold as-is but typically allow conventional financing and interior inspections before closing.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Shelby County foreclosures for additional guidance on the purchase process.
There are currently 2,074 active foreclosure listings in Memphis, TN. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition — most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status — eviction may be required if the property is occupied.
🌊 Flood Zone · FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

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🏦 Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
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📍 Location Map · Memphis, TN Open in Google Maps →
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🏘️ Neighborhood Profile · ZIP 38128 · U.S. Census ACS
Population
44,400
Median Age
30.3 yrs
Households
15,818
Median Household Income
$40,497
Median Home Value
$111,100
Median Rent
$1,069/mo
Owner-Occupied
42% of homes
Vacancy Rate
15% of units
Unemployment Rate
7.7%

~8% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
🏫 Schools · NCES 2024–25
Schools in ZIP 38128
🏫 Elementary
Egypt Elementary
Grades Pre-K–5·Memphis ZIP 38128
🏫 Middle
Craigmont Middle
Grades 6–8·Memphis ZIP 38128
🎓 High
Craigmont High
Grades 9–12·Memphis ZIP 38128
Raleigh-Egypt High
Grades 6–12·Memphis ZIP 38128

Source: NCES CCD 2024–25 · nces.ed.gov

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