970 E Rainbow Dr
Memphis, TN 38107 (Midtown)
$107,398 Trulia Estimate

970 E Rainbow Dr
Memphis, TN 38107

(Midtown)
  • 1 bath
  • 1,612 sqft
  • 3,465 sqft lot size
  • Single-Family Home
Off Market · Public Record
$107,398 Trulia Estimate
970 E Rainbow Dr
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  • Lowest crime relative to the rest of Shelby county.

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  • 87% of residents commute by car.

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  • 14 Restaurants

    3 Grocery stores

    3 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Single-Family Home
  • 1 Bath
  • Built in 1942
  • 3,465 sqft lot size
  • 1,612 sqft
Description

This property is no longer available to rent or buy. This description is from March 18, 2014
Welcome home! 970 Rainbow Dr. was built in 1942 of low-maintenance brick, and offers a fantastic floor plan. This spacious home offers two bedrooms (expandable space up!), one renovated bath, an oversized living room with fireplace, a dining room, sunroom, an eat-in kitchen and more! Located on a quiet, tree-lined street with wonderful neighbors, this home is perfectly located in Midtown and is just minutes to the Greenline Trails, Rhodes College, the Memphis Zoo and so much more. The cozy front porch welcomes you into the oversized living room with its gorgeous solid oak hardwood floors, ample moldings, built-ins, gas fireplace, custom paint and smooth ceilings. Ample windows give this space plenty of natural light and beautiful views of the front yard. The living room opens to the formal dining room, the sunroom/office, and to the hallway leading to the bedrooms and bath. The formal dining room is also good in size, and features solid oak hardwood floors, ample windows and moldings, including a chair rail, and custom paint and lighting. The dining room is convenient to the living room and kitchen spaces. *The draperies in the dining room do not remain as part of the sale. The oversized eat-in kitchen has been renovated to include plenty of counter space and cabinetry, heart of pine flooring, custom lighting, an eat-in space, and upgraded appliances which include gas cooking, a new built-in microwave, a dishwasher, disposal, and the fridge stays! The original casement windows are sure to please, as is the large picture window that overlooks the new deck and beautiful back yard. The kitchen also offers two pantries! The sun room opens from the oversized living room and offers a wall of windows with wonderful views of the front yard. This room offers tiled flooring, fresh paint, and is the perfect space for a sun room or office. The master bedroom is located on the rear of the home. It offers solid oak hardwood floors, fresh paint, ample closet space and windows, and a ceiling fan. The second bedroom also offers hardwood floors, ample closet space and windows. The full bath has been renovated to include a new pedestal sink, a custom mirror and new lighting, glass shelving, vintage wall and floor tiles, a linen closet, and a tub/shower. The bathroom is convenient to the bedrooms as well as the entertaining spaces of the home. The spacious hallway leads from the kitchen, living room, and bedrooms, to the expandable space upstairs. There is plenty of room up for two additional bedrooms, and plumbing is already in place if a second bathroom is desired, and still leaving room for storage! The laundry set up is already located in this area, and the washing machine and dryer stay too! The beautiful grounds offer a variety of trees, perennials and annuals, and the fenced backyard is perfect for a large family. The new 16x30 deck is sure to be enjoyed! There is a double gate on the driveway side of the home, as well as established flower beds and a raised vegetable garden. *The child's play station in the back yard is negotiable. The home offers gas central heat and air, and a composition shingle roof (both approximately 11 years old) and a newer gas water heater (2 years old). Beautifully refinished solid oak hardwood floors are throughout the home, with heart of pine flooring in the kitchen, and ceramic tile in the bathroom and sunroom. There are smooth ceilings throughout the home, as well as custom paint, ample moldings and windows, updated lighting and ceiling fans, and plumbing fixtures too! There is a termite contract in place, which can be transferred to the new owner for a nominal fee. The sellers are being relocated out of State and hate to leave their beautiful home. They are willing to help with your closing costs too! Call Paige today for your personal showing! 901.870.SOLD (7653).

Price History
Date
Price
Event

06/06/2014
$139,900
Sold
Recording Date
06/06/2014
Contract Date
05/30/2014
Sale Price
$139,900
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$518
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

05/21/2014
$139,900
Posting removed

04/23/2014
$139,900
Price change
Price Change
-$10,000 (-6.67%)
Source
Crye-Leike Memphis - East

03/18/2014
$149,900
Listed for sale

06/06/2005
$145,000
Sold
Recording Date
06/06/2005
Contract Date
05/27/2005
Sale Price
$145,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$537
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

09/16/2002
$74,000
Sold
Recording Date
09/16/2002
Contract Date
09/05/2002
Sale Price
$74,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$274
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

Property Taxes and Assessment
Year
2016
Tax
$845.74
Assessments
$24,875
Land
N/A
Improvements
N/A
Total
$24,875
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 38107
$54,768
61% below sold price
Median Sale Price for 38107
$110,500
21% below sold price
Average Sale price/sqft for 38107
$71/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
2.96
Single-Family Home
$95,000
11/30/17
3
1.5
1,777
3.23
Single-Family Home
$205,000
11/17/17
3
2
1,696
2.19
Single-Family Home
$285,000
12/04/17
3
3
2,348
3.15
Single-Family Home
$235,000
11/22/17
3
2
2,147
1.31
Single-Family Home
$65,000
12/04/17
3
1
1,755
3.33
Single-Family Home
$257,500
12/01/17
3
2
2,082
3.85
Single-Family Home
$25,000
12/01/17
3
2
1,654
2.33
Single-Family Home
$290,500
11/28/17
3
2.5
2,120
3.34
Single-Family Home
$65,000
11/21/17
3
2
1,395
2.67
Single-Family Home
$165,000
12/04/17
3
1
1,360

Contact Info


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