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2947 Carnes Ave, Memphis, TN, 38111

$65,000

Home List Price

$772*

Closing Credit

0 Baths
Multi

Location

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2947 Carnes Ave, Memphis$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOther (See REMARKS)
Year Built1967
HeatingOther
CoolingOther
MLS #10185385
StatusActive

About 2947 Carnes Ave

Redevelopment opportunity. Two brick duplexes side by side. Seller prefers bulk offers. Asking price is 130k for both addresses. Addresses are 2947 Carnes and 761 Goodwyn. Each unit for Goodwyn is a 2/1 per side. Once rehabbed each unit should easily rent for $800-$1000 per side ($1800 or more total rent per duplex). Each unit will need interior rehab but exterior is brick and the seller did recently replace each roof. Once rehabbed these could be worth a lot of money. Online video available upon request. Asking price is $130K total for both duplexes. No wholesalers or assignments, no creative financing or owner financing.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1967
  • Stories: 1

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

  • Flooring Type: Part Carpet

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer

Parking Information:

  • Parking: Other (See REMARKS)

Lot Features

Lot Information:

  • Lot: Corner Lot, Level

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: From Park, N on Goodwyn, home on L at corner w/Carnes

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000

Tax Information:

  • Annual Amount: $391
  • 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

2947 Carnes Ave vs Memphis

1 DAY ON ROCKET

$65,000

-$125.4K Less

KEY TAKEAWAY

This property is $125.4K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10185385

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

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: 11/19/2024, 5:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 23, 2000Home Sold
$32,000
Jul 26, 1999Home Sold
$14,000

Tax History

YEARPROP. TAXASSESSMENT
2021$391$5,400
2020$327$4,520
2019$327$4,520
2018$186$4,520
2017$253$4,520

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-972041
4
/10

  • Arrow Academy of Excellence

  • 645 Semmes St

  • 0.25 miles

  • Public Charter Grades KG-5

school-card-donut-972042
3
/10

  • Dunbar Elementary School

  • 2606 Select Ave

  • 0.72 miles

  • Public District Grades PK-5

school-card-donut-972043
3
/10

  • Aspire Hanley Elementary School (ASD)

  • 680 Hanley St

  • 0.72 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,303. Residents of Memphis, TN typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38111›2947 Carnes Ave

This home is located at 2947 Carnes Ave in Memphis, TN and zip code 38111 in the Orange Mound neighborhood. This home was built in 1967. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $65,000.

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 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.

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