8 months on rocket

1225 Merchant St, Memphis, TN, 38108

$29,900

Home List Price

$355*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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1225 Merchant St, Memphis$29,900

Buyer Closing Credits

$355*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOther (See REMARKS)
Year Built1946
HeatingOther
CoolingOther
WaterfrontOther
MLS #10168859
Lot Size0.11 Acres
StatusActive

About 1225 Merchant St

BACK ON MARKET - Seller recently made several updates to make the property structurally sound again. This property still in need of a full cosmetic rehab and could be a great flip opportunity as well as a profitable rental investment. Walking distance to parks as well as close interstate access. Please do all due diligence and inspections before presenting an offer. Seller recently put on a brand new roof. Call Broker Bay for showing appointments and listing agent with any questions.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1946
  • Stories: 1

Listing Office:

  • Office Name: Weichert, REALTORS-BenchMark

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Other
  • Exterior: Other (See REMARKS)

Parking Information:

  • Parking: Other (See REMARKS)

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: From Jackson Ave, head north onto N Evergreen St, take a left onto Marble Ave, a left onto Merchant St, and the home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $29,900

Tax Information:

  • Annual Amount: $409
  • 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

1225 Merchant St vs Memphis

265 DAYS ON ROCKET

$29,900

-$153.1K Less

KEY TAKEAWAY

This property is $153.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10168859

Listing Office:

  • Office Name: Weichert, REALTORS-BenchMark

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, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$409$5,650
2020$340$4,700
2019$340$4,700
2018$193$4,700
2017$206$4,700

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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NMLS#3030

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-80022
2
/10

  • Vollentine Elementary School

  • 1682 Vollintine Ave

  • 0.50 miles

  • Public Magnet Grades PK-5

school-card-donut-80023
4
/10

  • Kipp Memphis Academy Elementary School

  • 2248 Shannon Ave

  • 1.28 miles

  • Public Charter Grades PK-4

school-card-donut-80024
3
/10

  • Memphis Scholars Caldwell-Guthrie (ASD)

  • 951 Chelsea Ave

  • 1.38 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,197. Most Memphis, TN residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1225 Merchant St

What is the listing price of this property?

The listing price of 1225 Merchant St property is $29,900.

What type of property is this?

The property 1225 Merchant St is a house located in Memphis, Tennessee, 38108.

Is this property for sale now?

Active Listing: 1225 Merchant 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 $409 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1225 Merchant St has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 1225 Merchant St is 1946.

Rocket Homes›Tennessee›Shelby County›Memphis›38108›1225 Merchant St

This home is located at 1225 Merchant St in Memphis, TN and zip code 38108 in the Hollywood / Hyde Park / Springdale neighborhood. This home, which was built in 1946, sits on a 0.11 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $29,900.

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 number of listings 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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