3497 Mountain Ter, Memphis, TN, 38127

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3497 Mountain Ter, Memphis$149,000

Buyer Closing Credits

$1,769^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad

Year Built1961

HeatingCentral

CoolingCentral Air

MLS #10181181

Lot Size0.25 Acres

StatusActive

About 3497 Mountain Ter

"Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2024 standards! Target rent = $1175 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!"

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Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1961
• Stories: 1

Listing Office:

• Office Name: Reedy & Company, REALTORS

Interior Features

Interior Information:

• Flooring Type: Vinyl/Luxury Vinyl Floor

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Exterior: Wrought Iron Security Drs

Parking Information:

• Parking: Driveway/Pad

Lot Features

Lot Information:

• Lot: Level
• Lot Size: 0.25 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

School Info

Assigned Schools Information:

• Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

• Directions: Get on I-40 W 4 min (1.6 mi) Follow I-40 W to N Hollywood St. Take exit 5 from I-40 W 6 min (6.2 mi) Take Range Line Rd to Mountain Terrace St

Price Information

Listing Price Info

Price Summary:

• List Price: $149,000

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Housing Market Comparison

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

Memphis, TN

City

Med. Sold Price

$190.8K

Med. Price/SqFt

$117

# of Sold Homes

415

3497 Mountain Ter vs Memphis

14 DAYS ON ROCKET

$149,000

-$41.8K Less

KEY TAKEAWAY

This property is $41.8K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #10181181

Listing Office:

• Office Name: Reedy & Company, 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: 9/28/2024, 11:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

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**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38127›3497 Mountain Ter

This home is located at 3497 Mountain Ter in Memphis, TN and zip code 38127 in the South Memphis neighborhood. This home, which was built in 1961, sits on a 0.25 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $149,000.

Over 62 listings were sold over their listed price in August 2024 in Memphis, TN. In the same period over 237 listings were sold below the listed price and 116 listings were sold for the listed price. In August 2024 in Memphis, TN there were 7.5% more homes for sale than in July 2024.

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