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Backup Offers

1401 Michigan Street, Memphis, TN, 38106

$65,500

Home List Price

$778*

Closing Credit

3 Bedrooms
1 Full Bath
House

Location

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1401 Michigan Street, Memphis$65,500

Buyer Closing Credits

$778*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1939
HeatingOther
CoolingWindow Unit(s)
WaterfrontOther
ViewOther
MLS #10086321
Lot Size0.30 Acres
StatusAccepting Backup Offers
(Contingent)

About 1401 Michigan Street

Put all offers in! Amazing property everything new. Great starter or investment property. Will go FHA! Want last long.Tenant occupied Do Not Disturb Tenant!. Showing only with accepted contract.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1939
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams

Interior Features

Interior Information:

  • Flooring Type: Part Carpet, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees, Landscaped, Other
  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: From DowntownHead northeast on Riverside DrSharp left to stay on Riverside DrContinue onto I-55Take the US-64 E/US-70 E/US- E exit toward Crump BlvdMerge onto US-64 E/US-70 E/US-79 N/W From East Merge onto I-240 WTake exit 7 to merge onto US-61 N/S 3rd St

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,500
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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

1401 Michigan Street vs Memphis

1501 DAYS ON ROCKET

$65,500

-$124.9K Less

KEY TAKEAWAY

This property is $124.9K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10086321

Listing Office:

  • Office Name: Keller Williams

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: 11/15/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$394

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$263

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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-237107
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-237108
3
/10

  • Memphis Scholars Florida-Kansas (ASD)

  • 90 W Olive Ave

  • 0.46 miles

  • Public Charter Grades PK-5

school-card-donut-237109
2
/10

  • Vision Preparatory Charter School

  • 260 Joubert Ave

  • 1.23 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 $29,327. Typical income of Memphis, TN residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Memphis, TN?

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

Is Memphis, TN a good place to live?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Are things conveniently located in Memphis, TN?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

What does the transportation in Memphis, TN look like?

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Frequently Asked Questions About 1401 Michigan Street

What is the listing price of this property?

The listing price of 1401 Michigan Street property is $65,500.

What type of property is this?

The property 1401 Michigan Street is a house located in Memphis, Tennessee, 38106.

Is this property for sale now?

Accepting Backup Offers: 1401 Michigan Street is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 1401 Michigan Street has 3 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 1401 Michigan Street is 1939.

Rocket Homes›Tennessee›Shelby County›Memphis›38106›1401 Michigan Street

This home is located at 1401 Michigan Street in Memphis, TN and zip code 38106. This home, which was built in 1939, sits on a 0.30 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 06, 2020 and is currently priced at $65,500.

In October 2024 more than 53 listings in Memphis, TN were sold above the asking price. During the same period more than 103 listings were sold at asking price, while more than 252 were sold below. The inventory of homes for sale in Memphis, TN between September 2024 and October 2024 increased by 22.4%.

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

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