2 months on rocket

1197 Sylvan St, Memphis, TN, 38107

$30,000

Home List Price

$356*

Closing Credit

4 Bedrooms
1 Full Bath
House

Location

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1197 Sylvan St, Memphis$30,000

Buyer Closing Credits

$356*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1972
HeatingCentral
CoolingCentral Air
MLS #10181939
Lot Size0.17 Acres
StatusActive

About 1197 Sylvan St

Investor Special! Nice Fix & Flip or Buy & Hold opportunity! This 4 BR , 1 BA is a great potential Fix and Flip or hold and rent. All brick home, vented for Central Air /Heat, Has Washer & Dryer Connections Located on a quiet street with quick access to Interstate I40. Area Rental Rates $1,000 to $1,300/month Call me today with any questions.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1972
  • Stories: 1

Listing Office:

  • Office Name: Braden, Braden & Braden LLC

Interior Features

Interior Information:

  • Flooring Type: Part Carpet, Tile, Other (See REMARKS)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Sidewalks

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: Take 40 to Chelsea to Sylvan

Price Information

Listing Price Info

Price Summary:

  • List Price: $30,000

Tax Information:

  • Annual Amount: $431
  • 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

1197 Sylvan St vs Memphis

84 DAYS ON ROCKET

$30,000

-$153K Less

KEY TAKEAWAY

This property is $153K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10181939

Listing Office:

  • Office Name: Braden, Braden & Braden 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: 12/18/2024, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 05, 2009Home Sold
$27,900
Dec 08, 2008Home Sold
$12,000
Aug 08, 2007Home Sold
$60,000
Apr 09, 2007Home Sold
$25,900
Mar 06, 2007Home Sold
$13,575
Dec 07, 2006Home Sold
$32,548

Tax History

YEARPROP. TAXASSESSMENT
2021$431$5,950
2020$387$5,350
2019$387$5,350
2018$220$5,350
2017$250$5,350

History based on county public records data.

Payment Calculator

$217

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$156

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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-4389382
3
/10

  • Memphis Scholars Caldwell-Guthrie (ASD)

  • 951 Chelsea Ave

  • 0.57 miles

  • Public Charter Grades PK-5

school-card-donut-4389383
2
/10

  • Vollentine Elementary School

  • 1682 Vollintine Ave

  • 1.02 miles

  • Public Magnet Grades PK-5

school-card-donut-4389384
3
/10

  • Kipp Memphis Collegiate Elementary School

  • 230 Henry Ave

  • 1.39 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $10,885. The majority of Memphis, TN residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1197 Sylvan St

What is the listing price of this property?

The listing price of 1197 Sylvan St property is $30,000.

What type of property is this?

The property 1197 Sylvan St is a house located in Memphis, Tennessee, 38107.

Is this property for sale now?

Active Listing: 1197 Sylvan St 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 $431 (source: MLS/based on county public records data).

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

The last sale was on March 5, 2009 for $27,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1197 Sylvan St has 4 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 1197 Sylvan St is 1972.

Rocket Homes›Tennessee›Shelby County›Memphis›38107›1197 Sylvan St

This home is located at 1197 Sylvan St in Memphis, TN and zip code 38107 in the New Chicago neighborhood. This home, which was built in 1972, sits on a 0.17 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $30,000.

In November 2024, from all listings sold in Memphis, TN there were more than 45 sold above asking price, over 218 sold below and more than 98 were sold right at the asked price. The inventory of homes for sale in Memphis, TN between October 2024 and November 2024 increased by 6.8%.

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

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