This home is an incredible opportunity for students, faculty, or anyone seeking an easy to rent home or just looking for a beautiful home to reside in! Located within close proximity to the University Of Memphis, the Highland Strip and just minutes from East Memphis, Midtown, and Downtown! You can't beat the proximity all Memphis has to offer. Some great features you won't want to miss - Office attached to primary, Porch arbor, refinished hardwoods, lots of parking space, covered back patio!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,156
Per Month
Principal & Interest
$1,089
Home PriceThe dollar amount you pay for the home.
$
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 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.
$%
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.
Property Taxes
$0
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
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
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
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
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
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$720
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Campus Elementary School
535 Zach Curlin
Distance between this listing and this school0.55 miles
Public District Grades KG-5
3
/10
Sherwood Elementary School
1156 Robin Hood Ln
Distance between this listing and this school0.79 miles
Public Magnet Grades PK-5
4
/10
Arrow Academy of Excellence
645 Semmes St
Distance between this listing and this school1.13 miles
Public Charter Grades KG-5
Nearby Schools
2
/10
Sherwood Middle School
3480 Rhodes Ave
Distance between this listing and this school0.87 miles
Public District Grades 6-8
3
/10
Lester Prep Academy (ASD)
320 Carpenter St
Distance between this listing and this school2.38 miles
Public Charter Grades 6-8
9
/10
Maxine Smith Steam Academy
750 E Parkway S
Distance between this listing and this school2.48 miles
Public District Grades 6-8
Nearby Schools
1
/10
Melrose High School
2870 Deadrick Ave
Distance between this listing and this school1.48 miles
Public District Grades 9-12
8
/10
East High School
3206 Poplar Ave
Distance between this listing and this school1.56 miles
Public Magnet Grades 9-12
8
/10
White Station High School
514 S Perkins Rd
Distance between this listing and this school2.07 miles
The neighbors living near this home have an average income of $36,045. Most Memphis, TN residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3620 Carnes Ave
What is the listing price of this property?
The listing price of 3620 Carnes Ave property is $218,000.
What type of property is this?
The property 3620 Carnes Ave is a house located in Memphis, Tennessee, 38111.
Is this property for sale now?
Active Listing: 3620 Carnes Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,482 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 28, 2017 for $115,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 3620 Carnes Ave has 2 bedrooms and 1 bathroom.
Which year was this property built?
The year of construction for 3620 Carnes Ave is 1927.
This home is located at 3620 Carnes Ave in Memphis, TN and zip code 38111 in the Normal Station neighborhood. This home, which was built in 1927, sits on a 0.24 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $218,000.
Memphis, TN housing market in November 2024 saw over 45 listings sold above listed price, more than 98 sold at listed price and over 218 sold below. Between October 2024 and November 2024, Memphis, TN real estate market has seen increase in the number of listings by 6.8%.
From Rocket Homes Real Estate and based on county public records data.