1014 E Rainbow Dr, Memphis, TN 38107
Property image
Property image
OFF MARKET

$289,500

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,452 sqft

1014 E Rainbow Dr, Memphis, TN 38107

Midtown
Est. Refi. Payment $1,853/mo*
Refinance Your Home
Currently Off Market - Sold Apr 11, 2025 for $293,000

Home Value

Trulia Estimate
$290K
Since last month
Decreased$1K (-0.5%)
Since last year
Increased$200 (+0.1%)
Since last sale
Decreased$4K (-1.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +223% in the last 10 years
MonthEstimated value
2026
September 2026$289K
August 2026$290K
July 2026$286K
June 2026$289K
May 2026$292K
April 2026$289K
March 2026$289K
February 2026$285K
January 2026$285K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1867 Monticello Dr, Memphis, TN
0.07
Single-Family Home
$262,000
12/30/25
3
2
1,588
1001 Sheridan St, Memphis, TN
0.10
Single-Family Home
$275,000
08/20/26
3
1.5
1,509
899 N Barksdale St, Memphis, TN
0.22
Single-Family Home
$300,000
05/19/26
3
2
1,499
1860 Monticello Dr, Memphis, TN
0.07
Single-Family Home
$225,000
07/20/26
2
1
1,537
977 Sheridan St, Memphis, TN
0.12
Single-Family Home
$150,000
06/26/26
2
2
1,634
1021 N Barksdale St, Memphis, TN
0.03
Single-Family Home
$270,000
04/29/26
4
2
1,857
894 Sheridan St, Memphis, TN
0.26
Single-Family Home
$285,000
12/22/25
3
2
1,309
894 N McLean Blvd, Memphis, TN
0.24
Single-Family Home
$212,000
06/03/26
3
2
1,678
1856 N Rainbow Dr, Memphis, TN
0.10
Single-Family Home
$310,000
12/05/25
3
2.5
2,007
883 N McLean Blvd, Memphis, TN
0.27
Single-Family Home
$265,700
03/18/26
3
2
1,894

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1026 E Rainbow Dr, Memphis, TN 38107
0.02
$279,100
4
3
-
Off Market
996 E Rainbow Dr, Memphis, TN 38107
0.03
$180,300
3
1
1,520
Off Market
1021 N Barksdale St, Memphis, TN 38107
0.03
$270,000
4
2
1,857
Recently Sold
1032 N Rainbow Dr, Memphis, TN 38107
0.04
$288,600
3
2
2,352
Off Market
1880 Monticello Dr, Memphis, TN 38107
0.04
$236,700
3
2
2,091
Off Market
1883 N Rainbow Dr, Memphis, TN 38107
0.04
$303,200
4
2.5
2,696
Off Market
1038 Rainbow Dr, Memphis, TN 38107
0.05
$295,000
4
2.5
2,325
Recently Sold
1038 Rainbow St, Memphis, TN 38107
0.05
$263,900
4
2.5
2,325
Off Market
1868 Monticello Dr, Memphis, TN 38107
0.06
$238,000
3
1
1,482
For Sale
1867 Monticello Dr, Memphis, TN 38107
0.07
$262,000
3
2
1,588
Recently Sold
1860 Monticello Dr, Memphis, TN 38107
0.07
$225,000
2
1
1,537
Recently Sold

Local Information

  • Map ViewExplore the area around 1014 E Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1940
1,452 sqft
$199/sqft
Garage

About this House

Special financing available: no income limit for 100% loan, reduced rate, and a $5,000 credit. This home has been totally renovated with new kitchen, luxury primary bath and new windows through out. The upstairs is roughed in for a new primary bedroom and bath. New water lines from the street. Roof , HVAC, and all appliances were installed in 2017. This home is on a wonderful quiet street of attractive homes and friendly neighbors. Don't miss this special house.
1014 E Rainbow Dr, Memphis, TN 38107 is a 2 bedroom, 2 bathroom, 1,452 sqft single-family home in Midtown, built in 1940. It last sold for $293,000 on Apr 11, 2025 (1% above the $289,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $289,500, with a rent estimate of $1,346/month.
Last check for updates: about 12 hours ago
Listed by Linda B Sowell
Sowell, Realtors
Bought with: Jane Baker, Sowell, Realtors
Source: MAAR, MLS#10191012

Home Details for 1014 E Rainbow Dr

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 5Types of Rooms: Master Bedroom, Bedroom 2, Master Bathroom, Kitchen, Living Room, Office
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1452 Square Feet
Appliances & Utilities
Appliances: Gas Water Heater, Range/Oven, Self Cleaning Oven, Gas Cooktop, Disposal, Dishwasher, Microwave, Refrigerator, Washer, DryerDishwasherDisposalDryerLaundry: Laundry RoomMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Central,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Masonry, Decorative, Living Room, Glass DoorsHas a Fireplace
Windows, Doors, Floors & Walls
Window: Double Pane Windows, Window TreatmentsFlooring: Part Hardwood, Tile
Levels, Entrance, & Accessibility
Stories: 1Floors: Part Hardwood, Tile
Security
Security: Iron Door(s), Dead Bolt Lock(s), Wrought Iron Security Drs

Exterior Features

Exterior Home Features
Roof: Composition ShinglesPatio / Porch: DeckFencing: Wood, Chain Link, Wood Fence, Chain FenceExterior: SidewalksNo Private Pool
Parking & Garage
Number of Covered Spaces: 1Has a GarageParking Spaces: 1Parking: Garage Door Opener,Garage Faces Front
Pool
Pool: None
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 11

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: General ResidentialArchitecture: Traditional
Building
Construction Materials: Brick VeneerNot a New ConstructionNot Attached PropertyDoes Not Include Home Warranty
Property Information
Parcel Number: 041029 00156

Price & Status

Price
List Price: $289,000
Status Change & Dates
Off Market Date: Tue Mar 11 2025Possession Timing: Rental Agreement

Active Status

MLS Status: Closed

Location

Direction & Address
City: MemphisCommunity: Colonial Terrace

Lot Information

Lot Area: 7405.2 sqft

Offer

Listing Terms: Conventional, FHA, VA Loan

Miscellaneous

Mls Number: 10191012Living Area Range: 1400-1599Living Area Range Units: Square FeetAttic: Permanent Stairs

Price and Tax history

DateEventPrice
Apr 11, 2025
Source: MAAR #10191012
Sold
$293,000
Mar 11, 2025
Source: MAAR #10191012
Pending
$289,000
Mar 1, 2025
Source: MAAR #10191012
Listed For Sale
$289,000
May 30, 2017
Source: MAAR #9999450
Sold
$53,253
Apr 6, 2017
Source: Agent Provided
Listed For Sale
$53,253

Market trends in Midtown

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$192K
$2.75KMoM
Sale-to-List Price
97.8%
0.3%MoM
Price per sq ft
$125
$7MoM
Available listings
487
26MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Midtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Midtown

At least 447 Trulia users voted on each feature.

  • 92 % Say there are sidewalks

  • 87 % Say it's dog friendly

  • 78 % Say car is needed

  • 77 % Say parking is easy

  • 77 % Say yards are well-kept

  • 73 % Say it's walkable to restaurants

  • 71 % Say streets are well-lit

  • 65 % Say there's holiday spirit

  • 59 % Say neighbors are friendly

  • 57 % Say it's walkable to grocery stores

  • 56 % Say kids play outside

  • 54 % Say they plan to stay for at least 5 years

  • 47 % Say people would walk alone at night

  • 43 % Say it's quiet

  • 41 % Say there are community events

  • 36 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Leilani Hanna
    "Why is the street view blurred grrr! We are looking to move "
    0
    Flag
  • Jordan Purdham
    "The best part about Memphis’ lack of growth is the lack of traffic. Commutes are easy if your car is able to withstand poor roads and you are willing to look both ways before proceeding at a green light"
    2
    Flag
  • Finley Flanagan
    "There are a lot of families in the neighborhood. The kids love to play outside. Like with any Memphis neighborhood though, the streets can turn rough very quickly. "
    2
    Flag
  • Nicole Priola
    "I can’t wait to move out of Memphis this is a nice neighborhood but this city is dysfunctional. I cannot wait to move "
    25
    Flag
  • Nicole Priola
    "Love the proximity to the Overton Park and Overton Square. The neighborhood is walkable with old trees. "
    9
    Flag
  • Allanchandler
    "Historical area lived here for 20 years. The house has been in my family since 1926. the homes are older, but they’re well maintained."
    6
    Flag
  • Mollie Daughety
    "Midtown is full of dog friendly businesses, dog parks, and dog related events. It’s honestly out of the norm to find a rental in the area that’s not dog friendly and it’s nice to get to know your neighbors on walks or at the dog parks."
    2
    Flag
  • Jordan H
    "Less short term rental options and lower rental costs. A good amount of crime still happens in midtown"
    15
    Flag
  • Trulia User
    "Crosstown concourse is great for the neighborhood. Great walking area also. Also great in between from downtown and midtown. "
    3
    Flag
  • Trulia User
    "We are the Best Kept Secret in Midtown. Annesdale Snowden Subdivision. The evening is great time for walking and dog walking. "
    2
    Flag
  • Trulia User
    "Lived in this area for 25+ years. Great place to live. Lots to do and nice neighbors and lifestyle. "
    8
    Flag
  • Trulia User
    "People walk their dog's often and seem to create dog walking friend groups in the neighborhood. The low traffic volume in the neighborhood seems very safe for walking. "
    2
    Flag
  • Trulia User
    "there is a police department in the area. there are schools in the area. there a library in the neighborhood. Corner stores in the neighborhood. laundry mates are in the neighborhood near by."
    0
    Flag
  • Trulia User
    "lots of different characters around the Mid- town area it's a lot of restaurants stores friendly people there's always something to do over there they have parks for kids dogs the real nice community"
    1
    Flag
  • Jordan Maxwell
    "There is nothing but trash and broken glass all around the complex but especially on the walk outside of the gates. If you want to get to a good walking neighborhood, your dog needs shoes. Also, no one picks up after their pet here and the management doesn't have any waste stations despite charging a lot to have pets here."
    2
    Flag
  • Trulia User
    "There's a bus stop right by the complex that takes you North but it's easy to connect to get downtown or closer to the not crappy part of midtown"
    0
    Flag
  • Trulia User
    "i don’t commute anywhere but from what i’ve heard it’s a pleasant drive. i enjoy driving in midtown because there are tons of trees"
    0
    Flag
  • Celes P.
    "The people around me are great nice quit respectful genuine people I love seeing them walk there pets and jog through very beautiful neighborhood "
    18
    Flag
  • Wren L. M.
    "Most apartments are very pet-friendly. Lots of friendly dog owners around and nice neighborhoods to walk in. "
    4
    Flag
  • Mlryland
    "There are Lots of dogs in the neighborhood, so many places to sniff when we are walking. Parks are nearby too"
    2
    Flag
  • Mlryland
    "Lots of dogs, interesting places to walk... but sidewalks are terrible. A downfall of a city that places sidewalk responsibility on homeowners."
    1
    Flag
  • Kempton D.
    "Dog owners would love the environment and the community. It’s very quiet, calm and collective. I have many friends who stay in midtown and I also work in midtown. "
    0
    Flag
  • Jabari.medici
    "It is central to everywhere. It is close to downtown without all the congestion. Great open spaces but homely feeling"
    16
    Flag
  • Jordan P.
    "The sidewalks and streets are always full of people, families, and dogs walking around, playing, and saying hi to each other. You never know who you might run into or meet. It’s all the more wonderful because grocery stores, restaurants, and the city are all so close!"
    3
    Flag
  • Abigail A. H.
    "Concerts and art galleries, walks in the park. Lots of kids and pets, schools and churches. Just wish there was public transit."
    1
    Flag
  • Aleathea C.
    "There really isn’t anything to worry about around here but I think you’ll love the neighborhood if you come explore"
    1
    Flag
  • Londonvwood
    "Festivals and gatherings like crawfish festival and Cooper young festival. Everybody is friendly everywhere you go."
    1
    Flag
  • Mosesasher22
    "I love the culture. The historic districts, I love how friendly the people are and how close knit everyone is. Snowden is great school and my son loves it. "
    10
    Flag
  • Rhonda P.
    "Cooper and young festival and every holloween, the entire neighborhood pass out candy to the kids. this "
    0
    Flag
  • Reynoldsk444
    "It’s a pretty good neighborhood and it’s safe however it’s in an busy area so it’s always loud and a lot of traffic."
    1
    Flag
  • Dan
    "Nearly every home owner decorates for Christmas. And a lot of neighbors walk, especially in the evening to look at the lights. "
    2
    Flag
  • Tmargette
    "I love midtown. It has a great energy and feel to it. There is a big art community here, and lots of restaurants and bars. "
    0
    Flag
  • T.T.S.
    "Perfect 10 to 15 minutes anywhere in Memphis from Midtown the heart of the city. Yet you are nearby things in walking distance which is what I LOVE ABOUT Midtown!"
    0
    Flag
  • Justohsokayla
    "Commute isn’t optimal. But that’s just Memphis and Shelby County as a whole. The public transit throughout the city is unreliable and make it difficult to be punctual anywhere without being, two hours at a minimum, early. Makes it difficult to schedule around. "
    0
    Flag
  • LisaGail
    "We live in the Evergreen Historic District and we absolutely love it! Great neighborhood for families. "
    0
    Flag
  • Jermar B.
    "Great quiet neighborhood for family and children... great neighbors and nice people. I highly recommend the neighborhood for families of all sizes.."
    0
    Flag
  • Kass N.
    "easy commute to almost anywhere in memphis, traffic not bad at all! I work on Summer Ave and it's a 10 min commute"
    0
    Flag
  • Frederick T.
    "The only problem is that there are too many homeless people hanging around and going through your garbage."
    5
    Flag
  • Clare S.
    "Farmers markets, art markets, public events at the park, zoo events, levett shell concerts. The people are friendly and welcoming. "
    1
    Flag
  • Roxana V.
    "Family neighborhood. Quiet. Stores nearby. I love it to live here. A lot of things to do with children. "
    2
    Flag

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Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
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Frequently asked questions about 1014 E Rainbow Dr

  • What is 1014 E Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1014 E Rainbow Dr in Memphis, TN is $289,500.
  • What is the price history for 1014 E Rainbow Dr?
    1014 E Rainbow Dr in Memphis, TN last sold for $293,000 in April 2025.
  • Is Memphis a buyer's or seller's market?
    Memphis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Memphis?
    The median sale price in Memphis is $192K. That is up $2.75K from the prior month.
  • Does 1014 E Rainbow Dr have air conditioning?
    Yes, 1014 E Rainbow Dr in Memphis, TN has air conditioning.
  • Does 1014 E Rainbow Dr have laundry facilities?
    Yes, 1014 E Rainbow Dr in Memphis, TN has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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