new - 4 days on rocket

3017 Gulf Ave Unit 7, Memphis, TN, 38114

$85,000

Home List Price

$1,009*

Closing Credit

1 Bedroom
1 Full Bath
Townhouse

Location

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3017 Gulf Ave Unit 7, Memphis$85,000

Buyer Closing Credits

$1,009*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingDriveway/Pad
Year Built1950
HeatingCentral
CoolingCentral Air
MLS #10187414
Lot Size5.93 Acres
StatusActive

About 3017 Gulf Ave Unit 7

Welcome to 3017 Gulf Avenue, a charming single-family home nestled in the heart of Memphis, TN. This delightful property blends classic charm with modern updates, making it an ideal investment opportunity. Enter into a spacious and bright living room with large windows that fill the space with natural light. The open floor plan creates a seamless flow, perfect for both relaxing and entertaining guests. Situated in a desirable neighborhood, 3017 Gulf Avenue is w/in walking distance to Cherokee Elementary School and Cherokee Park close to schools, parks, shopping centers, and major transportation routes. Experience the convenience of nearby amenities while enjoying the tranquility of a residential setting. Washer and dryer hookup. Don't miss the opportunity to add this charming investment property to your portfolio. Listed for rent at $850/mo

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: Foundation Property Management

Interior Features

Interior Information:

  • Flooring Type: Part Carpet

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 5.93 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Get on I-240 W from Macon Rd, N Germantown Pkwy and Walnut Grove Rd 14 min (7.5 mi) ? Continue on I-240 W to Semmes St 9 min (7.8 mi) ? Follow Semmes St to Gulf Ave 2 min (0.6 mi)

Price Information

Listing Price Info

Price Summary:

  • List Price: $85,000
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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

$190.5K

Med. Price/SqFt

$139

Avg. Days On Market

67

# of Sold Homes

397

3017 Gulf Ave Unit 7 vs Memphis

4 DAYS ON ROCKET

-63 Days

$85,000

-$105.5K Less

KEY TAKEAWAY

This property is $105.5K less than the Median Sold Price in Memphis, TN.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #10187414

Listing Office:

  • Office Name: Foundation Property Management

Copyright© 2025 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: 1/6/2025, 8:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$492

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$321

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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-746401
4
/10

  • Cherokee Elementary School

  • 3061 Kimball Ave

  • 0.11 miles

  • Public District Grades PK-5

school-card-donut-746402
3
/10

  • Sharpe Elementary School

  • 3431 Sharpe Ave

  • 0.93 miles

  • Public District Grades PK-5

school-card-donut-746403
4
/10

  • Bethel Grove Elementary School

  • 2459 Arlington Ave

  • 1.13 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,946. The most common annual income of people living in Memphis, TN is less than $35k. 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

Frequently Asked Questions About 3017 Gulf Ave Unit 7

What is the listing price of this property?

The listing price of 3017 Gulf Ave Unit 7 property is $85,000.

What type of property is this?

The property 3017 Gulf Ave Unit 7 is a townhouse located in Memphis, Tennessee, 38114.

Is this property for sale now?

Active Listing: 3017 Gulf Ave Unit 7 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 3017 Gulf Ave Unit 7 has 1 bedroom and 1 bathroom.

Which year was this property built?

The year of construction for 3017 Gulf Ave Unit 7 is 1950.

Rocket Homes›Tennessee›Shelby County›Memphis›38114›3017 Gulf Ave Unit 7

This home is located at 3017 Gulf Ave Unit 7 in Memphis, TN and zip code 38114 in the Orange Mound neighborhood. This home, which was built in 1950, sits on a 5.93 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 02, 2025 and is currently priced at $85,000.

While more than 61 listings in Memphis, TN in December 2024 were sold above asking price, there were more than 97 listings sold at asking price, and more than 237 were sold below. The number of homes for sale in Memphis, TN increased by 1.5% between November 2024 and December 2024. In December 2024, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $190,593.

From Rocket Homes Real Estate and based on county public records data.

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