3296 Powell Ave, Memphis, TN, 38122

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

3296 Powell Ave, Memphis$155,900

Buyer Closing Credits

$1,851^*

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, Circular Drive

Year Built1926

HeatingCentral

CoolingCentral Air, Window Unit(s)

MLS #10181986

Lot Size0.27 Acres

StatusActive

About 3296 Powell Ave

Welcome to this cute little bungalow located in the Highland area. Close to Midtown and downtown. Renovated/updated with granite and vinyl plank floors. Perfect for an investor opportunity with current lease in place, monthly rent is projected at $1645. Massive outdoor space with ample parking. Could be easily gated for immense privacy.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Bungalow
• Year Built: 1926
• Stories: 1

Listing Office:

• Office Name: 1 Percent Lists Midsouth

Interior Features

Interior Information:

• Flooring Type: Wood Laminate Floors, Part Carpet

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 6

Exterior Features

Exterior Information:

• Exterior: Porch

Parking Information:

• Parking: Driveway/Pad, Circular Drive

Lot Features

Lot Information:

• Lot: Corner Lot
• Lot Size: 0.27 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air, Window Unit(s)

Other

Directions Information:

• Directions: From Sam Cooper, take the Highland exit and turn right to Summer Avenue and then left

Price Information

Listing Price Info

Price Summary:

• List Price: $155,900

Tax Information:

• Annual Amount: $1,129
• 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

$190.5K

Med. Price/SqFt

$139

Avg. Days On Market

67

# of Sold Homes

397

3296 Powell Ave vs Memphis

107 DAYS ON ROCKET

+40 Days

$155,900

-$34.6K Less

KEY TAKEAWAY

This property is $34.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in December 2024

MLS Details

MLS Information:

• MLS Number: #10181986

Listing Office:

• Office Name: 1 Percent Lists Midsouth

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: 1/11/2025, 11:20:54 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
Feb 10, 2021	Feb 10, 2021Home Sold	$108,000
Dec 31, 2020	Dec 31, 2020Home Sold	$70,000
Aug 13, 2019	Aug 13, 2019Home Sold	$60,000
Feb 16, 2018	Feb 16, 2018Home Sold	$52,500

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,129	$15,600
2020	$860	$11,875
2019	$860	$11,875
2018	$488	$11,875
2017	$444	$11,875

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.

$846

Per Month

Principal & Interest

$779

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

$534

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38122›3296 Powell Ave

This home is located at 3296 Powell Ave in Memphis, TN and zip code 38122 in the Highland Heights neighborhood. This home, which was built in 1926, sits on a 0.27 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $155,900.

Memphis, TN housing market in December 2024 saw over 61 listings sold above listed price, more than 97 sold at listed price and over 237 sold below. The number of listings 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.