1 month on rocket

1637 Southern Ave, Memphis, TN, 38114

$145,000

Home List Price

$1,722*

Closing Credit

0 Baths
House

Location

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1637 Southern Ave, Memphis$145,000

Buyer Closing Credits

$1,722*

1.25% Loan Amount

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Property Highlights

ParkingDriveway/Pad
Year Built1950
HeatingOther
CoolingOther
MLS #10184873
StatusActive

About 1637 Southern Ave

In the heart of a blossoming neighborhood, this "As-Is" duplex stands as a promising investment with untapped potential. Each unit offers a cozy 1-bedroom, 1-bath setup with a welcoming kitchen and spacious great room, generating about $750 in monthly rent per unit. The excitement builds with a partially framed third unit upstairs, perfectly suited for an easy conversion to a triplex. Imagine the added income and value as the neighborhood continues to evolve around you. Whether you're a seasoned investor or just stepping into the market, this property offers a rare blend of stability and potential. Answer the knock of opportunity—this could be the key to your next success.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1950
  • Stories: 1

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Flooring Type: Part Hardwood, Tile
  • Interior: All Window Treatments, Cable Available

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer, Wood/Composition, Porch

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: West on Southern. Left on Rozelle. Right on Southern. Duplex is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $145,000

Tax Information:

  • Annual Amount: $1,638
  • 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

1637 Southern Ave vs Memphis

44 DAYS ON ROCKET

$145,000

-$38K Less

KEY TAKEAWAY

This property is $38K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10184873

Listing Office:

  • Office Name: eXp 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: 12/22/2024, 5:20:51 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

May 06, 2021Home Sold
$140,000
Aug 03, 2020Home Sold
$39,900

Tax History

YEARPROP. TAXASSESSMENT
2021$1,638$22,625
2020$1,266$17,475
2019$1,266$17,475
2018$718$17,475
2017$579$17,475

History based on county public records data.

Payment Calculator

$791

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$501

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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-1030499
4
/10

  • Rozelle Elementary School

  • 993 Roland St

  • 0.23 miles

  • Public Magnet Grades PK-5

school-card-donut-1030500
5
/10

  • Peabody Elementary School

  • 2086 Young Ave

  • 0.88 miles

  • Public Magnet Grades PK-5

school-card-donut-1030501
8
/10

  • Idlewild Elementary School

  • 1950 Linden Ave

  • 1.33 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 $35,400. The majority of Memphis, TN residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1637 Southern Ave

What is the listing price of this property?

The listing price of 1637 Southern Ave property is $145,000.

What type of property is this?

The property 1637 Southern Ave is a house located in Memphis, Tennessee, 38114.

Is this property for sale now?

Active Listing: 1637 Southern Ave 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 $1,638 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 6, 2021 for $140,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1637 Southern Ave is 1950.

Rocket Homes›Tennessee›Shelby County›Memphis›38114›1637 Southern Ave

This home is located at 1637 Southern Ave in Memphis, TN and zip code 38114 in the Glenview neighborhood. This home was built in 1950. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $145,000.

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 number of homes for sale 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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