NOT LISTED FOR SALE

978 E Rainbow Dr Memphis, TN 38107

Hyde Park Neighborhood

Estimated Value: $229,000 - $277,000

3 Beds
1.5 Baths
2,008 Sq Ft
$126/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $235,000 $117 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,489/month

Highlights

  • Traditional Architecture
  • High Ceiling
  • 1 Car Attached Garage
  • Wood Flooring
  • Porch
  • Two cooling system units

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.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,846

Year Built

  • Built in 1940

Lot Details

  • 9,583 Sq Ft Lot
  • Chain Link Fence

Parking

  • 1 Car Attached Garage
  • Parking Pad
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 2,008 Sq Ft Home
  • Property has 3 Levels
  • High Ceiling
  • Living Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Colonial Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041029 00150

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,846

Year Built

Built in 1940

Lot Details

9,583 Sq Ft Lot

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1940
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: High Ceilings
  • Appliances: Dishwasher, Disposal, Microwave
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Wood, Tile
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Has Basement: Other
  • Building Area Units: Square Feet
  • Living Area: 2008
  • Living Area Units: Square Feet

Exterior Features

  • Fencing: Chain Link
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Garage Faces Front, Parking Pad
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling Y N: Yes
  • Heating: Central, Dual
  • Heating Yn: Yes
  • Security: Smoke Detector(s)
  • Utilities: Water Available, Cable Connected

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size: 78.8/90 X 124.2/104.9
  • Lot Size Units: Acres
  • Parcel #: 041029 00150
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1846

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Jul 15, 2020
Sold by
Magnificent Homes Llc
Bought by
Murley Kaci and Nunley Ian
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%
Current Estimated Value
$253,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,162
Avg. Annual Appreciation
1.32%
Original Mortgage
$211,500
Outstanding Balance
$186,231
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$66,931

Purchase Details

Listed on
Jul 15, 2020
Closed on
May 22, 2020
Sold by
Velazquez Carlos and Castano Amanda
Bought by
Magnificent Homes Llc
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
$186,231
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$66,931

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
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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
01/14/2026 01/14/26 For Sale $225,000 -4.3% $112 / Sq Ft
07/15/2020 07/15/20 Sold $235,000 0.0% $117 / Sq Ft
07/15/2020 07/15/20 Sold $235,000 +4.4% $118 / Sq Ft View Prior Sale
07/15/2020 07/15/20 Pending -- -- --
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: Realtracs

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

    96 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

    133 Total Sales

    Gregory Griffin
    Section Image
  • Helen Akin

    Buyer's Agent in 2020

    Helen Akin

    Crye-Leike

    (901) 240-3912

    33 Total Sales

    Helen Akin
    Section Image
  • Howard Vongpaseuth

    Buyer's Agent in 2020

    Howard Vongpaseuth

    Pinnacle Realty

    (901) 707-7700

    3 in this area

    109 Total Sales

    Howard Vongpaseuth
    Section Image
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Map

Source: Realtracs

MLS Number: 3088624

Realtracs

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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Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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