21 days on rocket

1117 Railton Rd, Memphis, TN, 38111

$99,900

Home List Price

$1,186*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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1117 Railton Rd, Memphis$99,900

Buyer Closing Credits

$1,186*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1949
HeatingCentral
CoolingCentral Air
MLS #10185845
Lot Size0.17 Acres
StatusActive

About 1117 Railton Rd

Great turn key investment home. Tenant occupied currently rented at $795 a month. Valid lease until 12/31/2025.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1949
  • Stories: 1

Listing Office:

  • Office Name: Marathon REALTORS, LLC

Interior Features

Interior Information:

  • Flooring Type: Wood Laminate Floors, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Other (See REMARKS)

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: East on Barron from Prescott. North on Railton.

Price Information

Listing Price Info

Price Summary:

  • List Price: $99,900

Tax Information:

  • Annual Amount: $1,120
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

1117 Railton Rd vs Memphis

21 DAYS ON ROCKET

$99,900

-$83.1K Less

KEY TAKEAWAY

This property is $83.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10185845

Listing Office:

  • Office Name: Marathon REALTORS, LLC

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 07, 2019Home Sold
$46,000
Jun 16, 2015Home Sold
$42,750
Jan 20, 2015Home Sold
$14,000
Jan 07, 2004Home Sold
$31,000
May 14, 2001Home Sold
$55,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,120$15,475
2020$1,003$13,850
2019$1,003$13,850
2018$569$13,850
2017$605$13,850

History based on county public records data.

Payment Calculator

$566

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$366

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4260501
3
/10

  • Sherwood Elementary School

  • 1156 Robin Hood Ln

  • 0.64 miles

  • Public Magnet Grades PK-5

school-card-donut-4260502
4
/10

  • Cherokee Elementary School

  • 3061 Kimball Ave

  • 0.74 miles

  • Public District Grades PK-5

school-card-donut-4260503
3
/10

  • Sharpe Elementary School

  • 3431 Sharpe Ave

  • 1.04 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,542. The majority of Memphis, TN residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Memphis, TN?

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

Is Memphis, TN a good place to live?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Are things conveniently located in Memphis, TN?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

What does the transportation in Memphis, TN look like?

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Frequently Asked Questions About 1117 Railton Rd

What is the listing price of this property?

The listing price of 1117 Railton Rd property is $99,900.

What type of property is this?

The property 1117 Railton Rd is a house located in Memphis, Tennessee, 38111.

Is this property for sale now?

Active Listing: 1117 Railton Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,120 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 7, 2019 for $46,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1117 Railton Rd has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 1117 Railton Rd is 1949.

Rocket Homes›Tennessee›Shelby County›Memphis›38111›1117 Railton Rd

This home is located at 1117 Railton Rd in Memphis, TN and zip code 38111. This home, which was built in 1949, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $99,900.

While more than 45 listings in Memphis, TN in November 2024 were sold above asking price, there were more than 98 listings sold at asking price, and more than 218 were sold below. The number of homes for sale in Memphis, TN increased by 6.8% between October 2024 and November 2024.

From Rocket Homes Real Estate and based on county public records data.

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