1026 E Rainbow Dr Memphis, TN 38107
Hyde Park Neighborhood
4
Beds
3
Baths
2,400-2,599
Sq Ft
8,276
Sq Ft Lot
Highlights
- The property is located in a historic district
- Traditional Architecture
- Main Floor Primary Bedroom
- Updated Kitchen
- Wood Flooring
- Whirlpool Bathtub
About This Home
As of November 2023Calling Urban Farmers! This is THE ONE for you! Fruit bearing peach, pear, plum, apple, fig & cherry trees + grape & blkberry vines + pretty perennials as roses, azaleas, & iris. PLENTY of space for veggies too! RARE FiND: Updated, ~2400sf, 1.5 stry 4BR/3BA + den + sunrm + bonus rm. You’ll LOVE this historic district w/ bike lanes, greenline, shops & restaurants. Just min. to dwntwn, med ctr, Rhodes College, Overton Pk & Zoo & Mphs Col of Art. Visit VECA.org & VEGreeline.org & OvertonPark.org
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,850
Year Built
- Built in 1942
Lot Details
- 8,276 Sq Ft Lot
- Wood Fence
- Landscaped
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
- Composition Shingle Roof
- Pier And Beam
Interior Spaces
- 2,400-2,599 Sq Ft Home
- 2,522 Sq Ft Home
- 1.5-Story Property
- Smooth Ceilings
- Ceiling height of 9 feet or more
- Fireplace Features Masonry
- Gas Fireplace
- Some Wood Windows
- Window Treatments
- Living Room with Fireplace
- Dining Room
- Den
- Bonus Room
- Play Room
- Sun or Florida Room
- Attic
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
- Primary Bedroom on Main
- Remodeled Bathroom
- 3 Full Bathrooms
- Whirlpool Bathtub
- Separate Shower
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
- Iron Doors
Parking
- 2 Car Detached Garage
- Front Facing Garage
- Driveway
Outdoor Features
- Cove
- Porch
Location
- The property is located in a historic district
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Vented Exhaust Fan
- Heating System Uses Gas
- Gas Water Heater
- Satellite Dish
- Cable TV Available
Community Details
- Colonial Terrance Subdivision
- Mandatory Home Owners Association
Listing and Financial Details
- 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%
Views
431
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
-$13,727
Avg. Annual Appreciation
-1.09%
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%
Similar Homes in Memphis, TN
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $295,000 | Executive Title & Closing | |
| Warranty Deed | $156,000 | Edco Title & Closing Svcs In | |
| Warranty Deed | $141,000 | Chicago Title Company | |
| Warranty Deed | $20,000 | Grace Title & Escrow Inc | |
| Warranty Deed | $45,900 | -- | |
| Warranty Deed | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $262,000 | New Conventional | |
| Previous Owner | $153,174 | FHA | |
| Previous Owner | $12,000 | Credit Line Revolving | |
| Previous Owner | $147,200 | Construction | |
| Previous Owner | $109,000 | Credit Line Revolving | |
| Previous Owner | $46,000 | Credit Line Revolving | |
| Previous Owner | $113,000 | Unknown | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $39,015 | No Value Available | |
| Previous Owner | $90,250 | No Value Available |
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
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
-
Seller's Agent in 2023
Dylan Johnson
901, REALTORS
(209) 681-7797
1 in this area
96 Total Sales
-
Buyer's Agent in 2023
John Moore
Keller Williams
(901) 232-1901
1 in this area
169 Total Sales
-
Seller's Agent in 2015
Garnette Sephens
RE/MAX
(901) 848-1937
22 Total Sales
-
Buyer's Agent in 2015
Lisa Fitzgerald
Main Street, REALTORS
(901) 277-0241
193 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 9951511
APN: 04-1029-0-0183
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.
Nearby Homes
- 1021 N Barksdale St
- 1867 Monticello Dr
- 1856 Monticello Dr
- 1915 Edward Ave
- 1856 N Rainbow Dr
- 1009 University St
- 1906 Vollintine Ave
- 1983 Hubert Ave
- 1049 N Idlewild St
- 883 N Mclean Blvd
- 871 University St
- 914 N Auburndale St
- 2115 Howell Ave
- 2067 Hallwood Dr
- 802 N Mclean Blvd
- 2167 Hunter Ave
- 2062 Jackson Ave
- 2115 Hallwood Dr
- 1220 Park Castle Cove
- 2150 Vollintine Ave