6 months on rocket

1403 Rayner St, Memphis, TN, 38106

$2,300,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath
House

Location

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1403 Rayner St, Memphis$2,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1937
HeatingCentral
CoolingCentral Air
MLS #10173859
StatusActive

About 1403 Rayner St

Current rent $900 Prefect for any investor looking for high returns! Being sold as a package Price $2,300,000 PACKAGE SALE. 1 10 Unit-2 bed 1 bath Apartment Complex, apartment has been renovated. 2 Condo 3224 S. Mendenhall Rd, 10 Single family homes. All SFH are rented. Package includes: 1034 Patton St, 2654 Kimball Ave, 3718 Denver St, 2292 Warren St, 1052 Seattle St, 2574 Sunny Hill Dr, 3707 Orland St, 931 Maxey St, 1439 Oriole St, 1715 Graggland, 3224 S. Mendenhall Rd Unit 1A and 4B

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1937
  • Stories: 1

Listing Office:

  • Office Name: eXp Realty, LLC

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Other (See REMARKS)

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Turn right on Rayner St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000

Tax Information:

  • Annual Amount: $643
  • 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

1403 Rayner St vs Memphis

195 DAYS ON ROCKET

$2,300,000

+$2.1M More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10173859

Listing Office:

  • Office Name: eXp Realty, LLC

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, 9:20:52 AM 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$643$8,875
2020$643$8,875
2019$643$8,875
2018$365$8,875
2017$406$8,875

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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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-4474488
4
/10

  • Rozelle Elementary School

  • 993 Roland St

  • 0.77 miles

  • Public Magnet Grades PK-5

school-card-donut-4474489
3
/10

  • Memphis College Preparatory

  • 1500 Dunn Ave

  • 1.03 miles

  • Public Charter Grades KG-5

school-card-donut-4474490
3
/10

  • Memphis Delta Preparatory

  • 1237 College St

  • 1.14 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 $30,051. Most Memphis, TN residents have annual incomes less than $35k. 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

Frequently Asked Questions About 1403 Rayner St

What is the listing price of this property?

The listing price of 1403 Rayner St property is $2,300,000.

What type of property is this?

The property 1403 Rayner St is a house located in Memphis, Tennessee, 38106.

Is this property for sale now?

Active Listing: 1403 Rayner 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 $643 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1403 Rayner St has 3 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 1403 Rayner St is 1937.

Rocket Homes›Tennessee›Shelby County›Memphis›38106›1403 Rayner St

This home is located at 1403 Rayner St in Memphis, TN and zip code 38106 in the Orange Mound neighborhood. This home was built in 1937. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 05, 2024 and is currently priced at $2,300,000.

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. The inventory of homes for sale in Memphis, TN between October 2024 and November 2024 increased by 6.8%.

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

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