3 months on rocket

1261 Central Ave, Memphis, TN, 38104

$500,000

Home List Price

$5,938*

Closing Credit

0 Baths
House

Location

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1261 Central Ave, Memphis$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

ParkingGravel
Year Built1917
HeatingWall Furnace
CoolingWall/Window Unit(s)
BasementYes
MLS #10180386
StatusActive

About 1261 Central Ave

Beautiful 6 unit multifamily in the heart of midtown with easy access to the medical district, dining, shopping and entertainment. Fully occupied with value add opportunity with cosmetic upgrades. A must see for any investor.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Stories: 2

Listing Office:

  • Office Name: SimpliHOM

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile, Partial Carpet, Wood Laminate Floors

Exterior Features

Parking Information:

  • Parking: Gravel

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Directions: From I-240 take Exit 23A to merge onto Airways Blvd. Turn Left onto Lamar Ave. Turn left onto W Snowden Circle. Turn Right onto Central.

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000

Tax Information:

  • Annual Amount: $5,109
  • 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

1261 Central Ave vs Memphis

106 DAYS ON ROCKET

$500,000

+$317K More

KEY TAKEAWAY

This property is $317K more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10180386

Listing Office:

  • Office Name: SimpliHOM

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, 6:20:51 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

Aug 20, 2018Home Sold
$160,000
Jul 01, 2004Home Sold
$145,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,109$70,560
2020$4,199$57,960
2019$4,199$57,960
2018$1,581$57,960
2017$1,296$38,475

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-4421871
4
/10

  • Bruce Elementary School

  • 581 S Bellevue Blvd

  • 0.36 miles

  • Public District Grades PK-5

school-card-donut-4421872
4
/10

  • Rozelle Elementary School

  • 993 Roland St

  • 0.78 miles

  • Public Magnet Grades PK-5

school-card-donut-4421873
3
/10

  • Memphis Delta Preparatory

  • 1237 College St

  • 1.11 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,015. Residents of Memphis, TN typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1261 Central Ave

What is the listing price of this property?

The listing price of 1261 Central Ave property is $500,000.

What type of property is this?

The property 1261 Central Ave is a house located in Memphis, Tennessee, 38104.

Is this property for sale now?

Active Listing: 1261 Central Ave 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 $5,109 (source: MLS/based on county public records data).

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

The last sale was on August 20, 2018 for $160,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1261 Central Ave is 1917.

Rocket Homes›Tennessee›Shelby County›Memphis›38104›1261 Central Ave

This home is located at 1261 Central Ave in Memphis, TN and zip code 38104 in the Annesdale / Snowden neighborhood. This home was built in 1917. It has been listed on Rocket Homes since September 02, 2024 and is currently priced at $500,000.

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. In November 2024 in Memphis, TN there were 6.8% more homes for sale than in October 2024.

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

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