5 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. This duplex is being marketed to investors & owner occupant buyers who want to live inside one unit & collect rent on the other side (House Hack). Each unit is 2 bedrooms 1 bath & Unit 1 is currently rented at $945 per month and Unit 2 is vacant and being marketed for rent. You can live in one of the units or do short term rentals for it and have long term sustained rent on the other unit. This is a wonderful long term area and is seeing a lot of growth & activity. 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

$183K

# of Sold Homes

362

1320 Faxon Ave vs Memphis

162 DAYS ON ROCKET

$199,750

+$16.7K More

KEY TAKEAWAY

This property is $16.7K more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 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: 12/18/2024, 1:20:56 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-4547267
2
/10

  • Vollentine Elementary School

  • 1682 Vollintine Ave

  • 0.98 miles

  • Public Magnet Grades PK-5

school-card-donut-4547268
3
/10

  • Memphis Scholars Caldwell-Guthrie (ASD)

  • 951 Chelsea Ave

  • 1.01 miles

  • Public Charter Grades PK-5

school-card-donut-4547269
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. The majority of Memphis, TN residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

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.

Memphis, TN housing market in November 2024 saw over 45 listings sold above listed price, more than 98 sold at listed price and over 218 sold below. Between October 2024 and November 2024, Memphis, TN real estate market has seen increase in the number of listings by 6.8%.

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

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