4 months on rocket

1635 Monroe Ave, Memphis, TN, 38104

$254,900

Home List Price

$3,027*

Closing Credit

0 Baths
Multi

Location

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1635 Monroe Ave, Memphis$254,900

Buyer Closing Credits

$3,027*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway/Pad, Street Parking Only
Year Built1922
HeatingCentral, Natural Gas
CoolingCentral Air, Electric
MLS #10175442
StatusActive

About 1635 Monroe Ave

Perfect turnkey investment in the sweet spot of Midtown walk everywhere! Duplex rarely goes vacant and fully leased with a total monthly income of $1925.00 Don't let this classic updated property with all appliances and central air pass. No showings without an accepted offer with inspection contingency.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1922
  • Stories: 1

Listing Office:

  • Office Name: BHHS Taliesyn Realty

Interior Features

Interior Information:

  • Appliances: Refrigerator, Range, Oven
  • Flooring Type: Hardwood Throughout, Tile, Smooth Ceiling, Sprayed Ceiling
  • Interior: Attic Access, Cable Available

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer, Wood/Composition, Wood Window(s), Porch

Parking Information:

  • Parking: Driveway/Pad, Street Parking Only

Lot Features

Lot Information:

  • Lot: Level, Fencing

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: West on Union. Right on Belvedere then left on Monroe duplex down on the left. No sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $254,900

Tax Information:

  • Annual Amount: $3,846
  • 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

$190.4K

# of Sold Homes

409

1635 Monroe Ave vs Memphis

149 DAYS ON ROCKET

$254,900

+$64.4K More

KEY TAKEAWAY

This property is $64.4K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10175442

Listing Office:

  • Office Name: BHHS Taliesyn Realty

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: 11/21/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 12, 2019Home Sold
$105,000
Apr 02, 2002Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,846$53,120
2020$1,883$26,000
2019$1,883$26,000
2018$1,171$26,000
2017$1,136$28,480

History based on county public records data.

Payment Calculator

$1,340

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

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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-288100
8
/10

  • Idlewild Elementary School

  • 1950 Linden Ave

  • 0.61 miles

  • Public Magnet Grades PK-5

school-card-donut-288101
4
/10

  • Bruce Elementary School

  • 581 S Bellevue Blvd

  • 0.94 miles

  • Public District Grades PK-5

school-card-donut-288102
4
/10

  • Rozelle Elementary School

  • 993 Roland St

  • 1.24 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,250. Residents of Memphis, TN typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38104›1635 Monroe Ave

This home is located at 1635 Monroe Ave in Memphis, TN and zip code 38104 in the Midtown neighborhood. This home was built in 1922. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $254,900.

Over 53 listings were sold over their listed price in October 2024 in Memphis, TN. In the same period over 252 listings were sold below the listed price and 103 listings were sold for the listed price. 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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