1038 E Rainbow Dr Memphis, TN 38107
Hyde Park NeighborhoodEstimated payment $1,816/month
Highlights
- Updated Kitchen
- Wood Flooring
- Attic
- Traditional Architecture
- Main Floor Primary Bedroom
- Loft
About This Home
Perfect Midtown Home - All the updates have been done and so close to Rhodes! Refinished hardwood floors, Updated kitchen with newer appliances, that stay! new cabinets and granite countertops. New lighting throughout. All 3 bathrooms have been redone - new vanities, toilets and shower/tub. Plantation shutters in Great room. Semi Open Floor plan with Dining room as the hub for all your gatherings. Gorgeous sunroom/office space overlooking the huge, private backyard. 2 bedrooms 2.5 baths down and 2 XL bedrooms, 1 bathroom and loft bonus room upstairs. 1 car garage with a doublewide drive in this cove like street. Roof, HVAC & Water heater all replaced in '20/21. 100% financing available with Cadence Bank!
Home Details
Home Type
- Single Family
Year Built
- Built in 1940
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 43x126
- Wood Fence
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
- Brick Veneer
- Composition Shingle Roof
- Pier And Beam
Interior Spaces
- 2,325 Sq Ft Home
- 1.5-Story Property
- Smooth Ceilings
- Ceiling Fan
- Fireplace Features Masonry
- Some Wood Windows
- Plantation Shutters
- Great Room
- Dining Room
- Den with Fireplace
- Loft
- Play Room
- Sun or Florida Room
- Iron Doors
- Attic
Kitchen
- Updated Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- Remodeled Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 1 Car Garage
- Front Facing Garage
Outdoor Features
- Cove
- Patio
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Two Heating Systems
- Heating System Uses Gas
- Electric Water Heater
Community Details
- Colonial Terrace Subdivision
Listing and Financial Details
- Assessor Parcel Number 041029 00160
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,930 | $71,425 | $7,875 | $63,550 |
| 2024 | $1,930 | $56,925 | $2,075 | $54,850 |
| 2023 | $3,468 | $56,925 | $2,075 | $54,850 |
| 2022 | $1,930 | $56,925 | $2,075 | $54,850 |
| 2021 | $2,676 | $43,425 | $2,075 | $41,350 |
| 2020 | $2,237 | $30,875 | $2,075 | $28,800 |
| 2019 | $987 | $30,875 | $2,075 | $28,800 |
| 2018 | $987 | $30,875 | $2,075 | $28,800 |
| 2017 | $1,010 | $30,875 | $2,075 | $28,800 |
| 2016 | $1,076 | $24,625 | $0 | $0 |
| 2014 | $1,076 | $24,625 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | Price Changed | $314,900 | -3.1% | $135 / Sq Ft | |
| 10/31/2025 10/31/25 | For Sale | $325,000 | +14.0% | $140 / Sq Ft | |
| 06/27/2023 06/27/23 | Sold | $285,000 | -1.7% | $130 / Sq Ft | View Prior Sale |
| 05/05/2023 05/05/23 | For Sale | $289,900 | -- | $132 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | Mid South Title Services | |
| Interfamily Deed Transfer | -- | Mid South Title Services Llc | |
| Warranty Deed | $248,000 | None Available | |
| Warranty Deed | $113,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $115,500 | West Tennessee Title | |
| Trustee Deed | $220,670 | None Available | |
| Interfamily Deed Transfer | -- | Real Estate Title Services | |
| Warranty Deed | $142,000 | -- | |
| Warranty Deed | $119,900 | -- | |
| Warranty Deed | $102,000 | -- | |
| Deed | $81,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $207,500 | New Conventional | |
| Previous Owner | $142,500 | New Conventional | |
| Previous Owner | $90,400 | New Conventional | |
| Previous Owner | $115,500 | Purchase Money Mortgage | |
| Previous Owner | $140,887 | FHA | |
| Previous Owner | $95,920 | No Value Available | |
| Previous Owner | $101,699 | FHA |
Source: Memphis Area Association of REALTORS®
MLS Number: 10208898
APN: 04-1029-0-0160
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