Seller's Agent in 2023
Dylan Johnson
901, REALTORS
(209) 681-7797
1 in this area
105 Total Sales
1026 E Rainbow Dr Memphis, TN 38107
Hyde Park NeighborhoodEstimated Value: $290,421 - $323,000
4
Beds
3
Baths
2,331
Sq Ft
$131/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Covered Patio or Porch
- Traditional Architecture
- No HOA
- 4 Car Attached Garage
About This Home
As of November 2023Why rent when you can buy?! From the long gated driveway, to the spacious sunroom, this home truly has something for everyone. This exquisite dwelling features three full bathrooms, massive living spaces, and a sizeable dethatched workshop. Nestled within a historic community, this property offers a unique blend of charm and security. Whether you are looking for proximity to Rhodes College, or simply a place with plenty of parking, don't miss your chance to make this place home today. Call ASAP!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,324
Year Built
- Built in 1942
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 60x130
Parking
- 4 Car Attached Garage
- Parking Pad
- Front Facing Garage
Home Design
- Traditional Architecture
- Shingle Roof
Interior Spaces
- Property has 3 Levels
- Gas Fireplace
- Wood Flooring
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
Home Security
- Security Gate
- Fire and Smoke Detector
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Colonial Terrance Subdivision
Listing and Financial Details
- Assessor Parcel Number 041029 00183
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 19, 2025
Closed on
Nov 9, 2023
Sold by
Rumph James and Rumph Beverly
Bought by
Clausen Eric John
List Price
$299,901
Sold Price
$295,000
Premium/Discount to List
-$4,901
-1.63%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,355
Avg. Annual Appreciation
1.81%
Original Mortgage
$262,000
Outstanding Balance
$256,884
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$49,471
Purchase Details
Listed on
Apr 27, 2015
Closed on
Jul 1, 2015
Sold by
Thomas Thomas P and Thomas Aleyamma
Bought by
Vick Erick J and Vick Mylinda Jane
Seller's Agent
Garnette Sephens
REMAX Experts
Buyer's Agent
Lisa Fitzgerald
Main Street, REALTORS
List Price
$157,500
Sold Price
$156,000
Premium/Discount to List
-$1,500
-0.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$153,174
Interest Rate
3.62%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 30, 2009
Sold by
Goode April R
Bought by
Thomas Thomas P and Thomas Aleyamma
Purchase Details
Closed on
Mar 11, 2005
Sold by
Goode April
Bought by
Forum Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
5.6%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 15, 2000
Sold by
Mcgee Catherine A
Bought by
Ferguson April R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,015
Interest Rate
8.07%
Purchase Details
Closed on
May 22, 1997
Sold by
Reed Reed H and Reed Billy S
Bought by
Ferguson April R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,250
Interest Rate
8.18%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Clausen Eric John | $295,000 | Executive Title & Closing | |
| Vick Erick J | $156,000 | Edco Title & Closing Svcs In | |
| Thomas Thomas P | $141,000 | Chicago Title Company | |
| Forum Investments Llc | $20,000 | Grace Title & Escrow Inc | |
| Ferguson April R | $45,900 | -- | |
| Ferguson April R | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Clausen Eric John | $262,000 | |
| Previous Owner | Vick Erick J | $153,174 | |
| Previous Owner | Forum Investments Llc | $147,200 | |
| Previous Owner | Ferguson April R | $39,015 | |
| Previous Owner | Ferguson April R | $90,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $299,901 | +1.7% | $129 / Sq Ft | |
| 11/22/2023 11/22/23 | Sold | $295,000 | 0.0% | $127 / Sq Ft | |
| 11/22/2023 11/22/23 | Sold | $295,000 | -1.6% | $123 / Sq Ft | View Prior Sale |
| 10/06/2023 10/06/23 | Pending | -- | -- | -- | |
| 09/25/2023 09/25/23 | Pending | -- | -- | -- | |
| 09/21/2023 09/21/23 | For Sale | $299,901 | +92.2% | $125 / Sq Ft | |
| 07/01/2015 07/01/15 | Sold | $156,000 | -1.0% | $65 / Sq Ft | View Prior Sale |
| 06/24/2015 06/24/15 | Pending | -- | -- | -- | |
| 04/27/2015 04/27/15 | For Sale | $157,500 | -- | $66 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,850 | $68,925 | $7,875 | $61,050 |
| 2024 | $1,850 | $54,575 | $2,625 | $51,950 |
| 2023 | $3,325 | $54,575 | $2,625 | $51,950 |
| 2022 | $3,325 | $54,575 | $2,625 | $51,950 |
| 2021 | $3,363 | $54,575 | $2,625 | $51,950 |
| 2020 | $2,824 | $38,975 | $2,625 | $36,350 |
| 2019 | $2,824 | $38,975 | $2,625 | $36,350 |
| 2018 | $2,824 | $38,975 | $2,625 | $36,350 |
| 2017 | $1,602 | $38,975 | $2,625 | $36,350 |
| 2016 | $1,229 | $28,125 | $0 | $0 |
| 2014 | $1,229 | $28,125 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Dylan Johnson
-
John Moore
Buyer's Agent in 2023
John Moore
Keller Williams
(901) 232-1901
1 in this area
152 Total Sales
-
Garnette Sephens
Seller's Agent in 2015
Garnette Sephens
RE/MAX
(901) 848-1937
19 Total Sales
-
Lisa Fitzgerald
Buyer's Agent in 2015
Lisa Fitzgerald
Main Street, REALTORS
(901) 277-0241
189 Total Sales
Map
Source: Realtracs
MLS Number: 3048347
APN: 04-1029-0-0183
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