13 days on rocket

3191 Madrid Ave, Memphis, TN, 38112

$130,000

Home List Price

$1,544*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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3191 Madrid Ave, Memphis$130,000

Buyer Closing Credits

$1,544*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway/Pad
Year Built1966
HeatingCentral
CoolingNone
BasementYes
MLS #10172370
StatusActive

About 3191 Madrid Ave

Calling all INVESTORS! Here's another property to add to your portfolio, home is 50% occupied currently, this tenant has lived here 20+ years! Home has NEW ROOF, sold AS IS. Please don't bother tenant! make all offers "Contingent upon inside inspection of Occupied unit."

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1966
  • Stories: 1

Listing Office:

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

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: None

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: East on Sam Cooper, turn left on Vandalia, Right on Madrid, Home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $130,000

Tax Information:

  • Annual Amount: $1,387
  • 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

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

3191 Madrid Ave vs Memphis

13 DAYS ON ROCKET

$130,000

-$65.6K Less

KEY TAKEAWAY

This property is $65.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10172370

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: 5/29/2024, 5:20:36 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, 2004Home Sold
$64,900

Tax History

YEARPROP. TAXASSESSMENT
2021$1,387$19,160
2020$1,168$16,120
2019$1,168$16,120
2018$663$16,120
2017$1,026$16,120

History based on county public records data.

Payment Calculator

$716

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$456

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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.

High School

school-card-donut-4242361
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 2.57 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,181. Residents of Memphis, TN typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38112›3191 Madrid Ave

This home is located at 3191 Madrid Ave in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. This home was built in 1966. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $130,000.

While more than 75 listings in Memphis, TN in April 2024 were sold above asking price, there were more than 122 listings sold at asking price, and more than 272 were sold below. The number of listings in Memphis, TN increased by 13.1% between March 2024 and April 2024.

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

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