5 months on rocket

1506 Monroe Ave Unit 3, Memphis, TN, 38104

$250,000

Home List Price

$2,969*

Closing Credit

3 Bedrooms
3 Full Baths
House

Location

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1506 Monroe Ave Unit 3, Memphis$250,000

Buyer Closing Credits

$2,969*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingParking Lot
Year Built1911
HeatingOther
CoolingOther
FireplaceOther (See Remarks)
MLS #10182308
Lot Size0.16 Acres
StatusActive

About 1506 Monroe Ave Unit 3

This is an investment opportunity in the perfect midtown location, only minutes from both Downtown and Overton Square. Can be renovated for Rental or Airbnb.

Property Details

Property Features

Property Information:

  • Architectural Style: Other (See Remarks)
  • Year Built: 1911
  • Stories: 1

Listing Office:

  • Office Name: Braden, Braden & Braden LLC

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)
  • Fireplace: Other (See Remarks)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: exit 30 to merge onto Union Ave Continue on Union Ave to your destination Turn right onto Monroe Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $250,000
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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

1506 Monroe Ave Unit 3 vs Memphis

153 DAYS ON ROCKET

$250,000

+$59.5K More

KEY TAKEAWAY

This property is $59.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10182308

Listing Office:

  • Office Name: Braden, Braden & Braden 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: 11/4/2024, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

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$1,315

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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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.

High School

school-card-donut-1863451
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 5.14 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,250. The majority of Memphis, TN residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1506 Monroe Ave Unit 3

What is the listing price of this property?

The listing price of 1506 Monroe Ave Unit 3 property is $250,000.

What type of property is this?

The property 1506 Monroe Ave Unit 3 is a house located in Memphis, Tennessee, 38104.

Is this property for sale now?

Active Listing: 1506 Monroe Ave Unit 3 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1506 Monroe Ave Unit 3 are:
Memphis Virtual School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 1506 Monroe Ave Unit 3 has 3 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 1506 Monroe Ave Unit 3 is 1911.

Rocket Homes›Tennessee›Shelby County›Memphis›38104›1506 Monroe Ave Unit 3

This home is located at 1506 Monroe Ave Unit 3 in Memphis, TN and zip code 38104 in the Midtown neighborhood. This home, which was built in 1911, sits on a 0.16 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $250,000.

While more than 53 listings in Memphis, TN in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 252 were sold below. 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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