NOT LISTED FOR SALE

1882 S Rainbow Dr Memphis, TN 38107

Hyde Park Neighborhood

Estimated Value: $231,000 - $298,000

4 Beds
3 Baths
2,400-2,599 Sq Ft
$102/Sq Ft Est. Value

Last Sold May 19, 2014

Last sale price $123,000 $47 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,536/month

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Attic
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Bonus Room

About This Home

As of May 2014

SPACIOUS 4 OR 5 BEDROOM, 3 FULL BATH BRICK HOME W/REMODELED KITCHEN & ENTIRE UPSTAIRS * REFINISHED ORIGINAL HARDWOOD FLOORS *CA & H * SEPARATE LIVING RM & DEN * LAUNDRY RM & MORE. CONVENIENTLY LOCATED CLOSE TO RHODES COLLEGE & MEMPHIS STATE & THE ZOO.

Last Agent to Sell the Property

Cyndi Craft

Crye-Leike, Inc., REALTORS License #244714 Listed on: 04/14/2014

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

C. Lauren Jones

Crye-Leike, Inc., REALTORS License #308130

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,599

Year Built

  • Built in 1938

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70x125
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Shingle Roof
  • Vinyl Siding
  • Pier And Beam

Interior Spaces

  • 2,400-2,599 Sq Ft Home
  • 2,400 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Window Treatments
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Bonus Room
  • Burglar Security System
  • Attic

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Patio

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Colonial Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041028 00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,599

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: MCLEAN
  • MLS Map #: 742D
  • MAAR Subdivision Name: VOLLINTINE-EVERGREEN
  • List Price Per Sq Ft: 52
  • Number Of Stories: 2
  • Price Per Sq Ft: 51.25
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2400
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room
  • Second Story Floor Plan: 4th or More Bedrooms, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 2400-2599
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Level 2, Shared Bath, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Fireplace: In Living Room
  • Floors/Ceilings: Part Hardwood, Wood Laminate Floors, Part Carpet, Tile, Smooth Ceiling
  • Full Bathrooms: 3
  • Equipment: Range/Oven, Gas Cooking, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: Excl Some Window Treatmnt, Walk-In Attic, Security System
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Bonus Room, Attic
  • Total Bathrooms: 3
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer, Vinyl Siding
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s), Dual System
  • Heating: Central, Gas
  • Security: Burglar Alarm
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 5
  • Acreage: 0.2
  • Lot Size: 70X125
  • Price Per Acre: 624500

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 041028 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2017
Sold by
Edwards Arthur David
Bought by
Edwards Arthur David and Edwards Karen Marie
Current Estimated Value
$265,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,750
Outstanding Balance
$114,626
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$141,949

Purchase Details

Listed on
Apr 14, 2014
Closed on
May 19, 2014
Sold by
Mpg Investments Llc
Bought by
Edwards Arthur David
Seller's Agent
Cyndi Craft
Crye-Leike, Inc., REALTORS
Buyer's Agent
C. Lauren Jones
Crye-Leike, Inc., REALTORS
List Price
$124,900
Sold Price
$123,000
Premium/Discount to List
-$1,900
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$98,400
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2009
Sold by
Grayson Dwight A
Bought by
Mpg Investments Llc

Purchase Details

Closed on
May 20, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Grayson Dwight A

Purchase Details

Closed on
Feb 4, 2009
Sold by
Williams Zondra
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Nov 27, 2001
Sold by
Hughes Damon E
Bought by
Hud

Purchase Details

Closed on
Apr 21, 1999
Sold by
Bougard Rachel Y
Bought by
Hughes Damon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,438
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 1997
Sold by
Eddings John Mykael
Bought by
Bougard Rachel Y and Eddings Rachel Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,800
Interest Rate
7.87%
Mortgage Type
Unknown
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
Edwards Arthur David -- None Available
Edwards Arthur David $123,000 Realty Title & Escrow Co Inc
Mpg Investments Llc -- None Available
Grayson Dwight A $35,250 First National Financial Tit
Deutsche Bank National Trust Company $100,388 None Available
Hud $154,862 --
Hughes Damon E $121,500 --
Bougard Rachel Y -- Tri State Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Arthur David $135,750
Closed Edwards Arthur David $98,400
Previous Owner Williams Zondra $140,250
Previous Owner Williams Thomas $105,000
Previous Owner Williams Thomas $74,700
Previous Owner Williams Zondra $66,120
Previous Owner Hughes Damon E $121,438
Previous Owner Bougard Stanley $74,800
Closed Williams Zondra $52,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2014 05/19/14 Sold $123,000 -1.5% $51 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
04/14/2014 04/14/14 For Sale $124,900 -- $52 / 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 $1,599 $57,100 $7,875 $49,225
2024 $1,599 $47,175 $2,650 $44,525
2023 $2,874 $47,175 $2,650 $44,525
2022 $2,874 $47,175 $2,650 $44,525
2021 $2,907 $47,175 $2,650 $44,525
2020 $2,436 $33,625 $2,650 $30,975
2019 $2,436 $33,625 $2,650 $30,975
2018 $2,436 $33,625 $2,650 $30,975
2017 $1,382 $33,625 $2,650 $30,975
2016 $1,209 $27,675 $0 $0
2014 $1,091 $24,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Cyndi Craft

    Crye-Leike

    (901) 493-5479

    25 Total Sales

    Cyndi Craft
    Section Image
  • C. Lauren Jones

    Buyer's Agent in 2014

    C. Lauren Jones

    Crye-Leike, Inc., REALTORS

    (901) 277-3005

    1 in this area

    108 Total Sales

    C. Lauren Jones
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9924033

Memphis Area Association of REALTORS®

APN: 04-1028-0-0008

Tennessee Shelby County Memphis 38107 Hyde Park

1882 S Rainbow Dr, Memphis, TN

This home is located at 1882 S Rainbow Dr, Memphis, TN 38107 since 14 April 2014 and is currently estimated at $265,710, approximately $102 per square foot. This property was built in 1938. 1882 S 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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