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Memphis 38106 48th Ward Civic Club
16 Rayner Street
$269,500
● House - Off Market

16 Rayner Street

Blackstone, MA 38106
bedrooms
3 Beds
bathrooms
1 Bath
square feet
936 Ft²
$303,310
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Don't miss this charming 3 bedroom ranch style home conveniently located in desirable Blackstone.  This home has a large private fenced back yard and new driveway suitable to 2-3 vehicles.  The interior layout is thoughtfully designed and features large rooms and a full unfinished walkout basement with lots of potential.  Newer stainless appliances, quaint front porch, newer forced hot air heating system, new electrical panel, close to everything.
Unit Size
936 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$288
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1928

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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: 5 years ago (MLSPIN #72880356)

Price History

Date / Event Date Event Price
Oct 13, 2021 Sold
Premium
Sold
Aug 12, 2021 Listed by Residential Properties Ltd $269,500
Listed by Residential Properties Ltd

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 5
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,198
  • Building Area: 1,198
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,198
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SOUTH PARKWAY WILLETT
  • Land Acres: 0000000132
  • Standard Land Use Code: 8000
  • County Land Use Code: 000
  • Legal Description 1: ES RAYNER

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006000

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 04-8032-0-0016
  • Lot: 110
  • Municipality: MEMPHIS
  • Latitude: 35.1049
  • Longitude: -90.0114

    Address

  • Full Address: 1514 Rayner St
  • Address - House Number: 1514
  • Address - Street Name: Rayner
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C053
  • 4-Digit Zip Code: 5024
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2021

    Market Valuation

  • Market Total Value: $3,300
  • Market Land Value: $3,300

    Assessments Valuation

  • Assessed Year: 2022

    Sales

  • Current Sale Contract Date: May 09, 2007
  • Current Sale Recording Date: May 16, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 07078827
  • Previous Sale Recording Date: Jan 09, 2007
  • Previous Sale Contract Date: Dec 21, 2006
  • Previous Sale Amount: $21,250
  • Previous Sale Document Type: 69
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 Depot Planning District

Stats & Trends

Median Asking:

$102,401

Sale Price/ft²

$96

Below Asking

0.06%

Average Days on Market

68

Average Home Size

1544 ft²

Average Home Age

77 years

Currently For Sale

16 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

Unit for rent at 1360 E Alcy Road, Memphis, TN, 38106

$782 /mo

  • 1 Bed
  • 1 Bath
1360 E Alcy Road, Memphis, TN, 38106 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72880356

Frequently Asked Questions

When was property at 1514 Rayner Street built and last sold?
The property at 1514 Rayner Street was built in 1928 and last sold on May 9, 2007 for $8,400.
How much is this home worth?
The estimated value of the home located at 1514 Rayner Street is $0.
What are some comparable homes to 1514 Rayner Street?
There are currently no comparable homes to 1514 Rayner Street.
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