See Home Value
$337,636*
House - Off Market

1893 S RAINBOW DR

Memphis, TN 38107
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$270,000 - $330,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jul 12, 2021
$305,000
$281,000 by Patriot Bank
Mortgage Due Aug 01, 2051
Sold Jun 08, 2017
$175,000
$60,000 by Fairway Independent Mortgage C
Mortgage Due Jul 01, 2047

About This Property

For more information, contact C. Lauren Jones at . Visit http://www.crye-leike.com/memphis/10100062 to view more pictures of this property. WOW! A Vollintine Evergreen CapeCod BEAUTY on "Sought After" Rainbow Dr near RHODES, Bike Lanes & V&E Greenline! Enjoy Vintage Built-ins,Custom"Nooks & Niches" Corner Cabinets w/Glass Drs,3 LRG BRS(2BRs Dwn/RARE 2.5 Baths) w/Gleaming Hdwd Flrs,Updated GRANITE Kit,SS Appls,FRESH Paint thru-out,2 Renovated Baths &1 Xtra Retro 1/2 BA-in Flex/Ldry/MudRm, 3 Livin Spaces & Sweet Window Seating!Winding Brick Walkwys,Plush Landscape,Extended Brick Patio,  Designer Lighting,ShadowBox Fence, Alot of New!
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1940

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jul 12, 2021 Sold to Kelly Ryan Barnett, Michael... $305,000
Sold to Kelly Ryan Barnett, Michael...
Jun 6, 2021 In contract -
In contract
May 24, 2021 Listed $300,000
Listed
Apr 21, 2021 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,128
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 660
  • Total Building Area: 3,120
  • Gross Building Area: 3,120
  • Building Area: 3,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,120
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL TERRACE
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS SOUTH RAINBOW DR

Ownership

  • Current Owner : DUDLEY MICHAEL W
  • Current Owner 2: BARNETT KELLY RYAN
  • Previous Owner : BEST MARY DENISE
  • Owner Before Previous Owner: TURNER JULIUS C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 000700

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-1029-0-0147
  • Lot: 43&44
  • Municipality: MEMPHIS
  • Latitude: 35.1637
  • Longitude: -89.9944

    Address

  • Full Address: 1893 S Rainbow Dr
  • Address - House Number: 1893
  • Street Direction: S
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C018
  • 4-Digit Zip Code: 3114
  • Zip Code: 38107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,862
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 308,635
  • High Value: 383,225
  • Low Value: 234,045

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $281,000
  • First Open Lien Mortgage Lender: PATRIOT BANK
  • First Open Lien Mortgage Recording Date: Jul 12, 2021
  • First Open Lien Mortgage Loan Amount: $281,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $187,900
  • Market Land Value: $9,500
  • Market Improvement Value: $178,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,975
  • Assessed Land Value: $2,375
  • Assessed Improvements Value: $44,600

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Transaction ID: 11842036813
  • Current Sale Price: $305,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21083779
  • Previous Sale Recording Date: Jun 08, 2017
  • Previous Sale Contract Date: May 30, 2017
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PATRIOT BANK
  • First Mortgage Transaction Date: Jul 12, 2021
  • First Mortgage Loan Amount: $281,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • Previous Mortgage Transaction Date: Jun 08, 2017
  • Previous Mortgage Loan Amount: $60,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2047



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
-
$314,900 Apr 29, 2023
-
$333/mo
House
4 Beds
2.5 Baths
-
$289,900 May 5, 2023
-
$289/mo
House
4 Beds
2 Baths
-
$329,900 May 9, 2023
-
$251/mo

About Midtown


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Frequently Asked Questions

When was property at 1893 South Rainbow Drive built and last sold?
The property at 1893 South Rainbow Drive was built in 1940 and last sold on Jun 1, 2021 for $305,000.
How much is this home worth?
The estimated value of the home located at 1893 South Rainbow Drive is $303,000.
What are some comparable homes to 1893 South Rainbow Drive?
There are currently no comparable homes to 1893 South Rainbow Drive.

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