Builders/Investors get your building plan underway! Buyer to conduct all due diligence, selling AS-IS WHERE-IS. Seller is motivated! Call or text 9016125972 for information!
Property Details
Property Features
Listing Office:
Office Name: TRG Real Estate Services, LLC
Lot Features
Lot Information:
Lot: Subdivision
Lot Size: 0.07 Acres
Other
Directions Information:
Directions: N on Hwy 55, take exit 7, Keep right to north, Left on Mallory, Left on S Main St.
Price Information
Listing Price Info
Price Summary:
List Price: $8,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Memphis, TN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$107
Per Month
Principal & Interest
$40
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
$90
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
3
/10
Alton Elementary School
2020 Alton Ave
Distance between this listing and this school0.96 miles
Public District Grades PK-5
2
/10
Vision Preparatory Charter School
260 Joubert Ave
Distance between this listing and this school0.99 miles
Public Charter Grades KG-5
3
/10
A. B. Hill Elementary School
345 E Olive Ave
Distance between this listing and this school1.73 miles
Public District Grades PK-5
Nearby Schools
3
/10
Riverview School
241 Majuba Ave
Distance between this listing and this school1.04 miles
Public District Grades PK-8
2
/10
Ida B. Wells Academy Elementary School/Middle School
995 S Lauderdale St
Distance between this listing and this school2.49 miles
Public District Grades KG-8
4
/10
Veritas College Preparatory
1500 Dunn Ave
Distance between this listing and this school2.62 miles
Public Charter Grades 6-8
Nearby Schools
1
/10
Carver College and Career Academy
1591 Pennsylvania St
Distance between this listing and this school1.41 miles
Public District Grades 3-12
1
/10
Hamilton High School
1363 E Person Ave
Distance between this listing and this school2.54 miles
Public District Grades 9-12
2
/10
Mitchell High School
658 W Mitchell Rd
Distance between this listing and this school2.54 miles
The neighbors living near this home have an average income of $19,010. The most common annual income of people living in Memphis, TN is less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2240 S Main St
What is the listing price of this property?
The listing price of 2240 S Main St property is $8,000.
What type of property is this?
The property 2240 S Main St is land located in Memphis, Tennessee, 38109.
Is this property for sale now?
Active Listing: 2240 S Main St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2240 S Main St in Memphis, TN and zip code 38109 in the Mallory Heights neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $8,000.
While more than 53 listings in Memphis, TN in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 252 were sold below. 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.
NHRA Drag Racing
NHRA Drag Racing
Pro Boxing
Mexican League Soccer
Big Lots
Family Dollar
Burlington
Golden Corral
White Castle
Church's Chicken
Kia
Chevrolet
Buick
Adult Standards
Rock
Urban Adult Contemporary