4 months on rocket

1320 Faxon Ave, Memphis, TN, 38104

$199,750

Home List Price

$2,372*

Closing Credit

0 Baths
Multi

Location

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1320 Faxon Ave, Memphis$199,750

Buyer Closing Credits

$2,372*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway/Pad
Year Built1920
HeatingWall Furnace
CoolingWall/Window Unit(s)
BasementYes
MLS #10176486
StatusActive

About 1320 Faxon Ave

Amazing opportunity to buy this wonderful duplex steps away from Crosstown Concourse in Midtown. Vacant duplex that is being marketed to investors & owner occupant buyers who want to live inside & collect rent on the other side (House Hack). Each unit is 2 bedrooms 1 bath & management company is asking $1150 for unit 1 & $950 for unit 2. ONLINE VIDEO AVAILABLE UPON REQUEST. Could be a great primary residence, AirBnb, or long term rental. FHA/VA/ Conventional offers welcome!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Stories: 1

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Part Hardwood

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer, Wood/Composition, Stucco

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Traveling west on North Parkway, turn right onto N. Claybrook. Turn right onto Faxon. Property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,750

Tax Information:

  • Annual Amount: $1,494
  • 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

$190.4K

# of Sold Homes

409

1320 Faxon Ave vs Memphis

131 DAYS ON ROCKET

$199,750

+$9.2K More

KEY TAKEAWAY

This property is $9.2K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10176486

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

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: 11/17/2024, 4:20:49 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

May 25, 2021Home Sold
$120,000
Mar 22, 2021Home Sold
$90,000
Jan 08, 2021Home Sold
$85,000
Jan 08, 2021Home Sold
$85,000
Jan 26, 2016Home Sold
$51,500
Oct 31, 2014Home Sold
$51,500
Jul 09, 2014Home Sold
$51,500
Jun 09, 2014Home Sold
$51,500
Feb 10, 2014Home Sold
$18,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,494$20,640
2020$1,837$25,360
2019$2,283$25,360
2018$1,295$31,520
2017$1,215$31,520

History based on county public records data.

Payment Calculator

$1,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$665

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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-404089
2
/10

  • Vollentine Elementary School

  • 1682 Vollintine Ave

  • 0.98 miles

  • Public Magnet Grades PK-5

school-card-donut-404090
3
/10

  • Memphis Scholars Caldwell-Guthrie (ASD)

  • 951 Chelsea Ave

  • 1.01 miles

  • Public Charter Grades PK-5

school-card-donut-404091
3
/10

  • Kipp Memphis Collegiate Elementary School

  • 230 Henry Ave

  • 1.64 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 $34,688. Typical income of Memphis, TN residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38104›1320 Faxon Ave

This home is located at 1320 Faxon Ave in Memphis, TN and zip code 38104 in the Medical District neighborhood. This home was built in 1920. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $199,750.

In October 2024, from all listings sold in Memphis, TN there were more than 53 sold above asking price, over 252 sold below and more than 103 were sold right at the asked price. In October 2024 in Memphis, TN there were 22.4% more homes for sale than in September 2024.

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

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