new - 6 days on rocket

1587 Florida St, Memphis, TN, 38109

$34,900

Home List Price

$414*

Closing Credit

3 Bedrooms
2 Full Baths
House

Location

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1587 Florida St, Memphis$34,900

Buyer Closing Credits

$414*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOther (See REMARKS)
Year Built1940
HeatingOther
CoolingOther
WaterfrontOther
MLS #10186568
Lot Size0.12 Acres
StatusActive

About 1587 Florida St

Great investment opportunity at a great price!! This 3 bed 2 bath home sits just across the street from Booth park and with some TLC and your creative finishes, could make a great family home as well as rental investment. Investors are buying into the neighborhood at a high rate so get in now before the property values rise!! Example of comparable model home enclosed in photos. Cash offers only, no contract assignments, all due diligence to be done before presenting an offer. No blind offers, appraisal contingencies, or inspection contingencies - only contingency in the offer to be title. Call Broker Bay to set up a showing and listing agent with any questions. Act fast before it's gone!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1940
  • Stories: 1

Listing Office:

  • Office Name: Weichert, REALTORS-BenchMark

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Other (See REMARKS)

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Heading east on South Parkway, take a right onto Florida St and the home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $34,900

Tax Information:

  • Annual Amount: $308
  • 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

1587 Florida St vs Memphis

6 DAYS ON ROCKET

$34,900

-$148.1K Less

KEY TAKEAWAY

This property is $148.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10186568

Listing Office:

  • Office Name: Weichert, REALTORS-BenchMark

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, 4:20:52 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$308$4,250
2020$231$3,200
2019 - $3,200

History based on county public records data.

Payment Calculator

$242

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$171

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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-4372517
3
/10

  • Memphis Scholars Florida-Kansas (ASD)

  • 90 W Olive Ave

  • 0.46 miles

  • Public Charter Grades PK-5

school-card-donut-4372518
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-4372519
2
/10

  • Vision Preparatory Charter School

  • 260 Joubert Ave

  • 0.81 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 $19,766. The majority of Memphis, TN residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1587 Florida St

What is the listing price of this property?

The listing price of 1587 Florida St property is $34,900.

What type of property is this?

The property 1587 Florida St is a house located in Memphis, Tennessee, 38109.

Is this property for sale now?

Active Listing: 1587 Florida 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 $308 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1587 Florida St has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 1587 Florida St is 1940.

Rocket Homes›Tennessee›Shelby County›Memphis›38109›1587 Florida St

This home is located at 1587 Florida St in Memphis, TN and zip code 38109 in the South Memphis neighborhood. This home, which was built in 1940, sits on a 0.12 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $34,900.

Over 45 listings were sold over their listed price in November 2024 in Memphis, TN. In the same period over 218 listings were sold below the listed price and 98 listings were sold for the listed price. The number of listings in Memphis, TN increased by 6.8% between October 2024 and November 2024.

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

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