996 E Rainbow Dr
Memphis, TN 38107
Midtown- 3 Beds
- 1 Bath
- 1,520 sqft
3 Beds
1 Bath
1,520 sqft
Local Information
-- mins to
Description
Wonderful Circle. Tucked away enclave off McLean. 3 BR, 1 BA brick home with siding and 2 car garage. Beautiful hardwood floors. Very nice floor plan with great flow. Mudroom/laundry room. Gated and fenced. Needs your decorating skills and a few updates, but great home.
996 E Rainbow Dr, Memphis, TN 38107 is a 3 bedroom, 1 bathroom, 1,520 sqft single-family home in Midtown, built in 1940. It last sold for the $180,000 asking price on Oct 28, 2025. More recently, it was listed as a rental in July 2022 with an asking price of $1,695 per month. That rental listing was removed on August 8, 2022. It is currently off market. The Trulia Estimate is $180,400, with a rent estimate of $1,245/month.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$118/sqft
Listed
180+ days ago
Home Details for 996 E Rainbow Dr
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Interior Details Basement: Crawl SpaceNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room, Den |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1 |
Dimensions and Layout Living Area: 1520 Square Feet |
Appliances & Utilities Appliances: Range/OvenLaundry: Laundry Room,Laundry Closet |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Ceiling Fan(s),Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa Number of Fireplaces: 1Fireplace: Masonry, Decorative, Living RoomHas a Fireplace |
Windows, Doors, Floors & Walls Window: Window TreatmentsFlooring: Part Hardwood, Tile |
Levels, Entrance, & Accessibility Stories: 1.2Floors: Part Hardwood, Tile |
Security Security: Wrought Iron Security Drs |
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Exterior Home Features Roof: Composition ShinglesFencing: WoodNo Private Pool |
Parking & Garage Number of Covered Spaces: 2No GarageHas Open ParkingParking Spaces: 2Parking: Driveway/Pad |
Pool Pool: None |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 2 |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: General ResidentialArchitecture: Traditional |
Building Construction Materials: Brick Veneer, Vinyl SidingNot a New ConstructionNot Attached PropertyDoes Not Include Home Warranty |
Property Information Parcel Number: 041029 00153 |
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Price List Price: $180,000Price Per Sqft: $118/sqft |
Status Change & Dates Off Market Date: Thu Aug 21 2025Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: MemphisCommunity: Colonial Terrace |
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Lot Area: 7405.2 sqft |
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Mls Number: 10203856Living Area Range: 1400-1599Living Area Range Units: Square FeetAttic: Walk-In |
Last check for updates: about 13 hours ago
Listed by Becca J Dickerson
Sowell, Realtors
Bought with: Sasha B Scott, Sowell, Realtors
Source: MAAR, MLS#10203856

Price History for 996 E Rainbow Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 10/28/2025 | $180,000 | Sold | MAAR #10203856 |
| 08/23/2025 | $180,000 | Pending | MAAR #10203856 |
| 08/19/2025 | $180,000 | Listed For Sale | MAAR #10203856 |
| 08/08/2022 | ListingRemoved | Zillow Rental Manager | |
| 07/08/2022 | $1,695 | Listed For Rent | Zillow Rental Manager |
| 06/08/2018 | $1,350 | ListingRemoved | Agent Provided |
| 06/02/2018 | $1,350 | Listed For Rent | Agent Provided |
| 05/31/2018 | $152,000 | Sold | MAAR #10024536 |
| 04/11/2018 | $165,000 | Listed For Sale | Agent Provided |
| 06/30/2014 | $125,000 | Sold | MAAR #3293784 |
| 05/05/2014 | $129,000 | PriceChange | Agent Provided |
| 04/01/2014 | $138,500 | Listed For Sale | Agent Provided |
| 07/07/1997 | $74,500 | Sold | N/A |
Market trends in Midtown
Last updated June 2026
Avg. sale price
$184K
$20.07KMoM
Sale-to-List Price
98.3%
1.4%MoM
Price per sq ft
$114
$5MoM
Available listings
526
40MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,236 |
| Assessment | $169,700 |
Home facts updated by county records
Comparable Sales for 996 E Rainbow Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.18 | Single-Family Home | $260,000 | 10/24/25 | 3 | 1 | 1,668 | |
0.09 | Single-Family Home | $179,000 | 09/30/25 | 2 | 1 | 1,304 | |
0.24 | Single-Family Home | $233,000 | 05/07/26 | 3 | 1 | 1,413 | |
0.06 | Single-Family Home | $262,000 | 12/30/25 | 3 | 2 | 1,588 | |
0.16 | Single-Family Home | $169,000 | 09/12/25 | 3 | 1.5 | 1,574 | |
0.20 | Single-Family Home | $90,000 | 04/24/26 | 3 | 1 | 1,563 | |
0.21 | Single-Family Home | $212,000 | 06/03/26 | 3 | 2 | 1,678 | |
0.18 | Single-Family Home | $300,000 | 05/19/26 | 3 | 2 | 1,499 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 996 E Rainbow Dr.
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.
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Apartments for Rent
Homes for sale near 996 E Rainbow Dr
Off Market Homes Near 996 E Rainbow Dr

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