NOT LISTED FOR SALE

1875 N Rainbow Dr Memphis, TN 38107

Hyde Park Neighborhood

Estimated Value: $179,000 - $266,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$117/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $155,000 $86 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,396/month

18 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Separate Formal Living Room
  • Wood Flooring
  • Attic
  • Sun or Florida Room

About This Home

As of October 2018

Move-in ready 3/2 in Midtown Vollintine-Evergreen. Great layout: 2 BR & 1 BA down, 1 BR & 1 BA up, Sunroom, cute retro Kitchen, all appliances stay. 1 car Garage, fenced backyard. Updates include: new Roof-2014, new High Efficiency Heater & Condenser-2014, new HWH-2015 Rainbow Circle is a quiet, friendly gem of a neighborhood w/waving neighbors, big shade trees, & quick access to downtown & Sam Cooper. Walk or bike to VE Greenline, Rhodes or Overton Park. Great price for the location & updates.

Last Agent to Sell the Property

Terron Perk

Perk Realty License #291201 Listed on: 09/16/2018

Last Buyer's Agent

Brian Donovan

Adams Realty, LLC License #338362

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,321

Year Built

  • Built in 1938

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70x125
  • Wood Fence
  • Few Trees

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,622 Sq Ft Home
  • 1.5-Story Property
  • Smooth Ceilings
  • Decorative Fireplace
  • Separate Formal Living Room
  • Dining Room
  • Sun or Florida Room
  • Attic

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Garage Door Opener

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Voluntary home owners association
  • Colonial Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041027 00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,321

Year Built

Built in 1938

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 742D
  • MAAR Subdivision Name: VOLLINTINE EVERGREEN
  • List Price Per Sq Ft: 97
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 95.56
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1622
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Private Full Bath, Smooth Ceiling, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Fireplace: Decorative Only
  • Floors/Ceilings: Hardwood Throughout, Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Misc Interior: Walk-In Attic, Security System, Smoke Detector(s), Monitored Alarm
  • Number Of Fireplaces: 1
  • Other Rooms: Sun Room
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Wood Fence
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1
  • Parking Storage: Garage Door Opener(s)

Utilities

  • Cooling: Central, Window Unit(s)
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 25
  • Neighborhood Association: Voluntary

Lot Info

  • Lot Description: Some Trees, Wood Fenced
  • Lot Number: 20
  • Acreage: 0.2
  • Lot Size: 70X125
  • Price Per Acre: 790000

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 041027 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2018
Closed on
Oct 22, 2018
Sold by
Dobbs Justin and Smith Rachel
Bought by
Harrison Taylor and Picard Lily C
Seller's Agent
Terron Perk
Perk Realty
Buyer's Agent
Brian Donovan
Adams Realty, LLC
List Price
$158,000
Sold Price
$155,000
Premium/Discount to List
-$3,000
-1.9%
Current Estimated Value
$234,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,607
Avg. Annual Appreciation
6.69%
Original Mortgage
$91,000
Outstanding Balance
$80,005
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$161,072

Purchase Details

Closed on
Jun 22, 2001
Sold by
Naumann Wendy Carole
Bought by
Dobbs Justin and Smith Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,888
Interest Rate
7.06%

Purchase Details

Closed on
Jul 23, 1998
Sold by
Knickerbocker W E W and Knickerbocker Sandra H
Bought by
Naumann Wendy Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,519
Interest Rate
6.94%
Mortgage Type
FHA
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
Harrison Taylor $155,000 Close Trak Closing & Title S
Dobbs Justin $128,900 Southern Escrow Title Compan
Naumann Wendy Carole $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrison Taylor $91,000
Previous Owner Dobbs Justin T $112,600
Previous Owner Dobbs Justin $132,000
Previous Owner Dobbs Justin $127,888
Previous Owner Naumann Wendy Carole $20,000
Previous Owner Naumann Wendy Carole $86,519
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $155,000 -1.9% $97 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
09/16/2018 09/16/18 For Sale $158,000 -- $99 / 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 $1,321 $52,925 $7,875 $45,050
2024 $1,321 $38,975 $2,650 $36,325
2023 $2,374 $38,975 $2,650 $36,325
2022 $2,374 $38,975 $2,650 $36,325
2021 $2,402 $38,975 $2,650 $36,325
2020 $1,969 $27,175 $2,650 $24,525
2019 $869 $27,175 $2,650 $24,525
2018 $869 $27,175 $2,650 $24,525
2017 $889 $27,175 $2,650 $24,525
2016 $955 $21,850 $0 $0
2014 $955 $21,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terron Perk

    Seller's Agent in 2018

    Terron Perk

    Perk Realty

    (901) 497-1769

    6 Total Sales

    Section Image

  • B

    Buyer's Agent in 2018

    Brian Donovan

    Adams Realty, LLC

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10036644

Memphis Area Association of REALTORS®

APN: 04-1027-0-0004

Tennessee Shelby County Memphis 38107 Hyde Park

1875 N Rainbow Dr, Memphis, TN

This home is located at 1875 N Rainbow Dr, Memphis, TN 38107 since 16 September 2018 and is currently estimated at $211,278, approximately $117 per square foot. This property was built in 1938. 1875 N Rainbow Dr is a home located in Shelby County with nearby schools including Vollentine Elementary School, Grandview Heights Middle, and Manassas High School.

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