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Collierville 38017
1410 RAINDROP DR
Photo of 1410 RAINDROP DR
Sold on May 30, 2019

22

Map

Photo of 1410 RAINDROP DR
Photo of 1410 RAINDROP DR
$393,500
● House - Off Market

1410 RAINDROP DR

Collierville, TN 38017
bedrooms
4 Beds
bathrooms
3 Baths
$575,195
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Hard to find two bedroom down, 2 plus bonus up in the $350-$400k price range in Collierville, but now you have one!  Great location close to schools, shopping, town square!  Master down--HUGE kitchen open to hearth room, living room, dining rm! Home has attractive hardwood flooring, 9 ft ceilings, open plan, fenced yard and neighborhood amenities like walking path, man made lake, and playground!  Exterior mostly brick for easy maintenance!
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$416
HOA Dues
$350
Year Built
2013

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC3504508)

Price History

Date / Event Date Event Price
May 30, 2019 Sold
Premium
Sold
May 1, 2019 Listed by Crye-Leike Realtors $389,900
Listed by Crye-Leike Realtors

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 559
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 4,307
  • Gross Building Area: 4,307
  • Building Area: 3,748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,748
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAINTREE PD PHASE II
  • Land Acres: 0000000180
  • Standard Land Use Code: 1009
  • County Land Use Code: 052
  • Legal Description 1: ES RAINDROP DRIVE SEE MAP GRID 175 C

Neighborhood

  • School District Name: Collierville School District
  • Census Tract: 021541

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: MB 246-002
  • District: C
  • Parcel: C0-233F-J0-0021
  • Lot: 122
  • Municipality: COLLIERVILLE
  • Latitude: 35.0784
  • Longitude: -89.6592

    Address

  • Full Address: 1410 Rain Drop Dr
  • Address - House Number: 1410
  • Address - Street Name: Rain Drop
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Collierville
  • Carrier Code: C016
  • 4-Digit Zip Code: 4068
  • Zip Code: 38017

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $531,891

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 540,155
  • High Value: 661,664
  • Low Value: 418,646

    Market Valuation

  • Market Total Value: $406,800
  • Market Land Value: $73,200
  • Market Improvement Value: $333,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,700
  • Assessed Land Value: $18,300
  • Assessed Improvements Value: $83,400

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: Jun 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201906140058495
  • Previous Sale Recording Date: Jun 17, 2014
  • Previous Sale Contract Date: Jun 09, 2014
  • Previous Sale Amount: $332,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Collierville

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$168

Below Asking

0.02%

Average Days on Market

81

Average Home Size

3044 ft²

Average Home Age

14.4 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Katy McAlexander, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3504508
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1410 Raindrop Drive built and last sold?
The property at 1410 Raindrop Drive was built in 2013 and last sold on May 30, 2019 for $393,500.
How much is this home worth?
The estimated value of the home located at 1410 Raindrop Drive is $393,799.
What are some comparable homes to 1410 Raindrop Drive?
There are currently no comparable homes to 1410 Raindrop Drive.
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