Location, location, location. Central to everywhere. You can be downtown, UofM, or east Memphis in just minutes. Exceptional updates everywhere. Massive renovation upstairs- New windows, carpet, and HVAC. Fresh paint throughout inside and out -New sod -New kitchen backsplash -New tile in all bathrooms- Classic hardwood throughout downstairs. Master and 3 additional bedrooms downstairs. Charming screened porch. This one is worth a look!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,063
Per Month
Principal & Interest
$1,996
Home PriceThe dollar amount you pay for the home.
$
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 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.
$%
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.
Property Taxes
$0
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
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
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
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
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
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,265
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Arrow Academy of Excellence
645 Semmes St
Distance between this listing and this school1.10 miles
Public Charter Grades KG-5
10
/10
Campus Elementary School
535 Zach Curlin
Distance between this listing and this school1.13 miles
Public District Grades KG-5
3
/10
Cornerstone Preparatory - Lester Campus
320 Carpenter St
Distance between this listing and this school1.23 miles
Public Charter Grades PK-5
Nearby Schools
3
/10
Lester Prep Academy (ASD)
320 Carpenter St
Distance between this listing and this school1.23 miles
Public Charter Grades 6-8
9
/10
Maxine Smith Steam Academy
750 E Parkway S
Distance between this listing and this school1.83 miles
Public District Grades 6-8
2
/10
Sherwood Middle School
3480 Rhodes Ave
Distance between this listing and this school1.91 miles
Public District Grades 6-8
Nearby Schools
8
/10
East High School
3206 Poplar Ave
Distance between this listing and this school0.40 miles
Public Magnet Grades 9-12
1
/10
Melrose High School
2870 Deadrick Ave
Distance between this listing and this school1.76 miles
Public District Grades 9-12
7
/10
Middle College High School
750 E Parkway S
Distance between this listing and this school1.82 miles
The neighbors living near this home have an average income of $80,246. Most Memphis, TN residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 171 S Reese St
What is the listing price of this property?
The listing price of 171 S Reese St property is $399,900.
What type of property is this?
The property 171 S Reese St is a house located in Memphis, Tennessee, 38111.
Is this property for sale now?
Active Listing: 171 S Reese 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 $4,914 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 29, 2019 for $265,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 171 S Reese St has 4 bedrooms and 3 bathrooms.
Which year was this property built?
The year of construction for 171 S Reese St is 1942.
This home is located at 171 S Reese St in Memphis, TN and zip code 38111 in the Joffre Area neighborhood. This home, which was built in 1942, sits on a 0.19 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $399,900.
In October 2024, from all listings sold in Memphis, TN there were more than 53 sold above asking price, over 252 sold below and more than 103 were sold right at the asked price. The number of listings in Memphis, TN increased by 22.4% between September 2024 and October 2024.
From Rocket Homes Real Estate and based on county public records data.