Build an affordable home to add to your portfolio. Or build a home for a new homeowner. You take your pick. This is land is level and ready to build on. The buyer must close with Baymark Title and Escrow in order to reduce the fees associated with closing. Otherwise, buyer will be responsible for added fees to purchase this property. Drive by & take a look. Bring me an offer!!
Property Details
Property Features
Listing Office:
Office Name: Patterson & Assoc. Real Estate
Lot Features
Lot Information:
Lot: City Lot
Lot Size: 0.17 Acres
Other
Directions Information:
Directions: From Airways Blvd. Turn Right on Ketchum Rd. Turn Left on Pendleton St. Turn Right on Semmes Ave. Designation is on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $28,500
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$210
Per Month
Principal & Interest
$143
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
$152
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
Cherokee Elementary School
3061 Kimball Ave
Distance between this listing and this school0.64 miles
Public District Grades PK-5
3
/10
Sharpe Elementary School
3431 Sharpe Ave
Distance between this listing and this school1.02 miles
Public District Grades PK-5
4
/10
Bethel Grove Elementary School
2459 Arlington Ave
Distance between this listing and this school1.20 miles
Public District Grades PK-5
Nearby Schools
2
/10
Sherwood Middle School
3480 Rhodes Ave
Distance between this listing and this school1.47 miles
Public District Grades 6-8
3
/10
American Way Middle School
3805 American Way
Distance between this listing and this school1.88 miles
Public District Grades 6-8
4
/10
Veritas College Preparatory
1500 Dunn Ave
Distance between this listing and this school2.65 miles
Public Charter Grades 6-8
Nearby Schools
1
/10
Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school0.74 miles
Public District Grades 7-12
1
/10
Melrose High School
2870 Deadrick Ave
Distance between this listing and this school1.34 miles
Public District Grades 9-12
4
/10
Oakhaven High School
3125 Ladbrook Rd
Distance between this listing and this school2.80 miles
The neighbors living near this home have an average income of $33,960. The majority of Memphis, TN residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Living In Memphis, TN
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Memphis, TN?
Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.
Is Memphis, TN a good place to live?
Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.
Are things conveniently located in Memphis, TN?
The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.
What does the transportation in Memphis, TN look like?
Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.
Frequently Asked Questions About 2879 Semmes Ave
What is the listing price of this property?
The listing price of 2879 Semmes Ave property is $28,500.
What type of property is this?
The property 2879 Semmes Ave is land located in Memphis, Tennessee, 38114.
Is this property for sale now?
Active Listing: 2879 Semmes Ave 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 2879 Semmes Ave in Memphis, TN and zip code 38114. This home sits on a 0.17 acre lot. It has been listed on Rocket Homes since January 03, 2024 and is currently priced at $28,500.
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. Between September 2024 and October 2024, Memphis, TN real estate market has seen increase in the number of listings by 22.4%.
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