1618 Lake Grove St, Memphis, TN, 38108

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

1618 Lake Grove St, Memphis$59,900

Buyer Closing Credits

$711^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad

Year Built1930

HeatingCentral

CoolingCentral Air

MLS #10182054

Lot Size0.10 Acres

StatusActive

About 1618 Lake Grove St

Nice move-in ready 3br 1ba w/fenced in yard now available. Central heat & air. Vacant, easy to show!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1930
• Stories: 1

Listing Office:

• Office Name: Renshaw Company, REALTORS

Interior Features

Interior Information:

• Flooring Type: Vinyl/Luxury Vinyl Floor

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Exterior: Wrought Iron Security Drs

Parking Information:

• Parking: Driveway/Pad

Lot Features

Lot Information:

• Lot: Level
• Lot Size: 0.10 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: N on Warford from Chelsea. Turn right on Wren, then right on Lake Grove. Property will be on your left

Price Information

Listing Price Info

Price Summary:

• List Price: $59,900

Tax Information:

• Annual Amount: $364
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

1618 Lake Grove St vs Memphis

82 DAYS ON ROCKET

$59,900

-$123.1K Less

KEY TAKEAWAY

This property is $123.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

• MLS Number: #10182054

Listing Office:

• Office Name: Renshaw Company, 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, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$364	$5,025
2020	$284	$3,925
2019	$284	$3,925
2018	$161	$3,925
2017	$174	$3,925

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$366

Per Month

Principal & Interest

$299

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38108›1618 Lake Grove St

This home is located at 1618 Lake Grove St in Memphis, TN and zip code 38108 in the Douglas / Bungalow / Crump neighborhood. This home, which was built in 1930, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $59,900.

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 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.