NOT LISTED FOR SALE

978 E Rainbow Dr Memphis, TN 38107

Hyde Park Neighborhood

Estimated Value: $256,935 - $306,000

3 Beds
1.5 Baths
2,000-2,199 Sq Ft
$129/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $235,000 $107 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,646/month

17 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Landscaped Professionally
  • Wood Flooring
  • Attic

About This Home

As of July 2020

WOW! a Chance to get on Historic "sought after" Rainbow Drive! A FAB Remodel throughout w/Cust. Modern & Vintage Wdwork. NEW: Granite Kit,WhiteCabinetry,SS Appls,Gas Stove,Under Cab. Designer Bksplsh & Renovated Classic Baths! NEW: 30-yr Roof, all HVAC, Ducts & Sep.Ductless Split HVAC in NEW Flex 4th Br/BONUS up w/2 Window Seats! Enjoy 9ft SMOOTH Ceilings, 3BRs dwn & 1.5 BA w/Lrg DinRm w/Corner Built-ins, Cozy Beadboard Ceiling SunRm. Lndry & Wkshp area in attached 1-Car Gar. New Prof. Landscap.

Last Agent to Sell the Property

C. Lauren Jones

Crye-Leike, Inc., REALTORS License #308130 Listed on: 05/23/2020

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Helen Akin

Crye-Leike, Inc., REALTORS License #275312

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 9,583 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Landscaped Professionally
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,075 Sq Ft Home
  • 1.5-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Fireplace Features Masonry
  • Some Wood Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Play Room
  • Sun or Florida Room
  • Attic

Kitchen

  • Updated Kitchen
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom

Home Security

  • Fire and Smoke Detector
  • Iron Doors

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Cove
  • Porch

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Voluntary home owners association
  • Colonial Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041029 00150

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: McLean
  • MAAR Subdivision Name: VOLLINTINE EVERGREEN
  • List Price Per Sq Ft: 108
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2075
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath, Sun Room
  • Second Story Floor Plan: Play Room/Rec Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Level 2, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Living Room
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Gas Cooking, Disposal, Dishwasher, Microwave, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen
  • Misc Interior: Walk-In Attic, Cat/Dog Free House, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Sun Room, Bonus Room, Internal Expansion Area, Entry Hall, Attic
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Half Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch
  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Driveway/Pad, Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central, Dual System, 220 Wiring
  • Heating: Central, Dual System
  • Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Voluntary

Lot Info

  • Lot Description: Some Trees, Cove, Professionally Landscaped, Wood Fenced, Chain Fenced
  • Lot Number: 40NPT41
  • Acreage: 0.22
  • Lot Size: 78.8/90 X 124.2/104.9

Tax Info

  • Assessor Parcel Number: 041029 00150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2020
Closed on
Jul 15, 2020
Sold by
Magnificent Homes Llc
Bought by
Murley Kaci and Nunley Ian
Seller's Agent
C. Lauren Jones
Crye-Leike, Inc., REALTORS
Buyer's Agent
Helen Akin
Crye-Leike, Inc., REALTORS
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%
Current Estimated Value
$284,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,234
Avg. Annual Appreciation
3.55%
Original Mortgage
$211,500
Outstanding Balance
$187,892
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$96,342

Purchase Details

Listed on
May 23, 2020
Closed on
May 22, 2020
Sold by
Velazquez Carlos and Castano Amanda
Bought by
Magnificent Homes Llc
Seller's Agent
C. Lauren Jones
Crye-Leike, Inc., REALTORS
Buyer's Agent
Helen Akin
Crye-Leike, Inc., REALTORS
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Outstanding Balance
$187,892
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$96,342

Purchase Details

Listed on
Jan 8, 2020
Closed on
Jan 31, 2020
Sold by
Worldwide Property Hub Llc
Bought by
Velasquez Carlos and Castano Amanda
Seller's Agent
Gregory Griffin
Franchise Realty, LLC
Buyer's Agent
Howard Vongpaseuth
Pinnacle Realty
List Price
$124,900
Sold Price
$110,000
Premium/Discount to List
-$14,900
-11.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
440.27%

Purchase Details

Listed on
Jan 8, 2020
Closed on
Jan 7, 2020
Sold by
Hibbler John E and Hibbler Joyce E
Bought by
Worldwide Property Hub Llc
Seller's Agent
Gregory Griffin
Franchise Realty, LLC
Buyer's Agent
Howard Vongpaseuth
Pinnacle Realty
List Price
$124,900
Sold Price
$110,000
Premium/Discount to List
-$14,900
-11.93%

Purchase Details

Closed on
Feb 13, 2009
Sold by
Hibbler John Earl and Hibbler Joyce Elaine
Bought by
Hibbler John Earl
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Murley Kaci $235,000 None Available
Magnificent Homes Llc -- None Available
Velasquez Carlos $110,000 Preferred Title & Escrow Llc
Worldwide Property Hub Llc $86,100 None Available
Hibbler John Earl -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murley Kaci $211,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2020 07/15/20 Sold $235,000 +4.4% $118 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
05/23/2020 05/23/20 For Sale $225,000 +104.5% $113 / Sq Ft
01/31/2020 01/31/20 Sold $110,000 -11.9% $69 / Sq Ft View Prior Sale
01/14/2020 01/14/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $124,900 -- $78 / 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 $1,884 $67,575 $7,875 $59,700
2024 $1,884 $55,575 $2,825 $52,750
2023 $3,385 $55,575 $2,825 $52,750
2022 $3,385 $55,575 $2,825 $52,750
2021 $3,425 $55,575 $2,825 $52,750
2020 $2,145 $29,600 $2,825 $26,775
2019 $946 $29,600 $2,825 $26,775
2018 $946 $29,600 $2,825 $26,775
2017 $968 $29,600 $2,825 $26,775
2016 $1,038 $23,750 $0 $0
2014 $1,038 $23,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C. Lauren Jones

    Seller's Agent in 2020

    C. Lauren Jones

    Crye-Leike, Inc., REALTORS

    (901) 277-3005

    1 in this area

    102 Total Sales

    C. Lauren Jones
    Section Image
  • Gregory Griffin

    Seller's Agent in 2020

    Gregory Griffin

    Franchise Realty, LLC

    (901) 644-3744

    2 in this area

    130 Total Sales

    Gregory Griffin
    Section Image
  • Helen Akin

    Buyer's Agent in 2020

    Helen Akin

    Crye-Leike

    (901) 240-3912

    34 Total Sales

    Helen Akin
    Section Image
  • Howard Vongpaseuth

    Buyer's Agent in 2020

    Howard Vongpaseuth

    Pinnacle Realty

    (901) 707-7700

    3 in this area

    115 Total Sales

    Howard Vongpaseuth
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10077144

Memphis Area Association of REALTORS®

APN: 04-1029-0-0150

Tennessee Shelby County Memphis 38107 Hyde Park

978 E Rainbow Dr, Memphis, TN

Not Listed for Sale

Detached

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