3131 Faxon Ave, Memphis, TN, 38112

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

3131 Faxon Ave, Memphis$119,000

Buyer Closing Credits

$1,413^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad

Year Built2001

HeatingCentral

CoolingCentral Air

MLS #10186044

Lot Size0.14 Acres

StatusActive

About 3131 Faxon Ave

Investors, this is the perfect addition to your portfolio! New roof, low-maintenance brick exterior, stained concrete floors, fully updated bathrooms and kitchen, Central HVAC, with new condensing unit included, and fenced backyard! Vacant and easy to show!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 2001
• Stories: 1

Listing Office:

• Office Name: eXp Realty

Interior Features

Interior Information:

• Flooring Type: Concrete Floor, Smooth Ceiling

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Exterior: Wrought Iron Security Drs, Patio

Parking Information:

• Parking: Driveway/Pad

Lot Features

Lot Information:

• Lot: Level
• Lot Size: 0.14 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: From S. Highland, right on Faxon, home will be on the left

Price Information

Listing Price Info

Price Summary:

• List Price: $119,000

Tax Information:

• Annual Amount: $1,158
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

3131 Faxon Ave vs Memphis

1 DAY ON ROCKET

$119,000

-$64K Less

KEY TAKEAWAY

This property is $64K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

• MLS Number: #10186044

Listing Office:

• Office Name: eXp Realty

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: 12/4/2024, 3:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Oct 11, 2019	Oct 11, 2019Home Sold	$188,000
Dec 05, 2018	Dec 05, 2018Home Sold	$80,000
Sep 10, 2014	Sep 10, 2014Home Sold	$50,000
Nov 21, 2011	Nov 21, 2011Home Sold	$17,500
Apr 01, 2003	Apr 01, 2003Home Sold	$45,000
Oct 26, 2001	Oct 26, 2001Home Sold	$66,500
Mar 20, 2001	Mar 20, 2001Home Sold	$61,000

View More

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,158	$16,000
2020	$976	$13,475
2019	$976	$13,475
2018	$554	$13,475
2017	$627	$13,475

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$661

Per Month

Principal & Interest

$594

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

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 Payment

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.

$Down PaymentPercent%

Loan Term

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.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

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

Monthly Premium

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

Monthly Premium

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

Monthly Fees

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

Monthly Cost

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

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$423

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38112›3131 Faxon Ave

This home is located at 3131 Faxon Ave in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. This home, which was built in 2001, sits on a 0.14 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $119,000.

Over 45 listings were sold over their listed price in November 2024 in Memphis, TN. In the same period over 218 listings were sold below the listed price and 98 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between October 2024 and November 2024 increased by 6.8%.

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