NOT LISTED FOR SALE

1026 E Rainbow Dr Memphis, TN 38107

Hyde Park Neighborhood

Estimated Value: $265,000 - $320,000

4 Beds
3 Baths
2,400-2,599 Sq Ft
$111/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $295,000 $114 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,761/month

15 Days on Market

Highlights

  • Gated Parking
  • Deck
  • Wood Flooring
  • Updated Kitchen
  • Traditional Architecture
  • Main Floor Primary Bedroom

About This Home

As of November 2023

Why 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!

Last Agent to Sell the Property

Dylan Johnson

901, REALTORS License #357650 Listed on: 09/21/2023

901, REALTORS

Last Buyer's Agent

John Moore

Keller Williams License #338713

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 1942

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60x130
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 2,400-2,599 Sq Ft Home
  • 2,500 Sq Ft Home
  • 1.5-Story Property
  • Decorative Fireplace
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Some Wood Windows
  • Great Room
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Play Room
  • Sun or Florida Room
  • Storage Room
  • Laundry closet
  • Attic Access Panel

Kitchen

  • Updated Kitchen
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub With Separate Shower Stall

Home Security

  • Security Gate
  • Fire and Smoke Detector
  • Fire Escape
  • Iron Doors

Parking

  • 4 Car Detached Garage
  • Workshop in Garage
  • Front Facing Garage
  • Driveway
  • Gated Parking

Outdoor Features

  • Deck
  • Covered patio or porch
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Gas Water Heater

Community Details

  • Colonial Terrance Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041029 00183

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,850

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 742D
  • MAAR Subdivision Name: COLONIAL TERRACE
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 118
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2500
  • Year Built: 1942
  • List Price/ Sq Ft: 120
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Sun Room
  • Second Story Floor Plan: 3rd Bedroom, 4th or More Bedrooms, 1 Bath, Play Room/Rec Room
  • Additional Bedroom Bathroom Info: Primary Down, Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 2400-2599
  • Bedroom 2 Description: Level 1, Walk-In Closet, Hardwood Floor
  • Bedroom 3 Description: Level 2, Walk-In Closet, Carpet
  • Bedroom 4 Description: Level 2, Walk-In Closet, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Fireplace: Masonry, Decorative Only, Gas Logs
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 3
  • Equipment: Dishwasher
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Great Room, Updated/Renovated Kitchen, Pantry
  • Misc Interior: Walk-In Closet(s), Attic Access, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet, Storage Room
  • Total Bathrooms: 3
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Patio, Covered Patio, Deck, Well Landscaped Grounds, Wood Fence, Storage, Fire Escape, Workshop, Brick/Ironed Fence, Iron Fence
  • Exterior Windows: Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 4
  • Parking Display: G4D
  • Parking Storage: Driveway/Pad, More than 3 Coverd Spaces, Storage Room(s), Workshop(s), Front-Load Garage, Gated Parking

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Smoke Detector(s), Security Gate, Iron Door(s)
  • Water Sewer: Gas Water Heater

Lot Info

  • Lot Description: Level, Landscaped, Iron Fenced, Brick/Iron Fenced
  • Lot Number: 32 &PT33
  • Acreage: 0.19
  • Lot Size: 60X130
  • Price Per Acre: 1578426
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 12

Tax Info

  • Assessor Parcel Number: 041029 00183

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Nov 9, 2023
Sold by
Rumph James and Rumph Beverly
Bought by
Clausen Eric John
Seller's Agent
Dylan Johnson
901, REALTORS
Buyer's Agent
John Moore
Keller Williams
List Price
$299,901
Sold Price
$295,000
Premium/Discount to List
-$4,901
-1.63%
Total Days on Market
15
Views
431
Current Estimated Value
$289,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,357
Avg. Annual Appreciation
-1.14%
Original Mortgage
$262,000
Outstanding Balance
$258,399
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$31,244

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
$25,000
Interest Rate
8.17%
Mortgage Type
Credit Line Revolving

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%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Thomas Thomas P $12,000
Previous Owner Forum Investments Llc $147,200
Previous Owner Goode Michael $109,000
Previous Owner Goode Michael S $46,000
Previous Owner Goode April R $113,000
Previous Owner Ferguson April $25,000
Previous Owner Ferguson April R $39,015
Previous Owner Ferguson April R $90,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $295,000 -1.6% $123 / Sq Ft
10/06/2023 10/06/23 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
06/24/2015 06/24/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $157,500 -- $66 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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

    Seller's Agent in 2023

    Dylan Johnson

    901, REALTORS

    (209) 681-7797

    1 in this area

    91 Total Sales

    Dylan Johnson
    Section Image
  • John Moore

    Buyer's Agent in 2023

    John Moore

    Keller Williams

    (901) 232-1901

    1 in this area

    176 Total Sales

    John Moore
    Section Image
  • Garnette Sephens

    Seller's Agent in 2015

    Garnette Sephens

    RE/MAX

    (901) 848-1937

    21 Total Sales

    Garnette Sephens
    Section Image
  • Lisa Fitzgerald

    Buyer's Agent in 2015

    Lisa Fitzgerald

    Main Street, REALTORS

    (901) 277-0241

    193 Total Sales

    Lisa Fitzgerald
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10157180

Memphis Area Association of REALTORS®

APN: 04-1029-0-0183

Tennessee Shelby County Memphis 38107 Hyde Park

1026 E Rainbow Dr, Memphis, TN

This home is located at 1026 E Rainbow Dr, Memphis, TN 38107 since 21 September 2023 and is currently estimated at $289,643, approximately $111 per square foot. This property was built in 1942. 1026 E Rainbow Dr is a home located in Shelby County with nearby schools including Vollentine Elementary School, Grandview Heights Middle, and Manassas High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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