1 month on rocket

396 Fernwood Ave, Memphis, TN, 38106

$62,500

Home List Price

$742*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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396 Fernwood Ave, Memphis$62,500

Buyer Closing Credits

$742*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1950
HeatingOther
CoolingWindow Unit(s)
MLS #10181868
Lot Size0.14 Acres
StatusActive

About 396 Fernwood Ave

Great Investment Property! Bring all offers. Tenant occupied, long term tenant for $700 per month. PLEASE DO NOT DISTURB TENANTS, SHOWINGS AND INSPECTIONS CONTINGENT UPON WRITTEN OFFER ONLY.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1950
  • Stories: 1

Listing Office:

  • Office Name: J Hunter Realty

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Wrought Iron Security Drs, Porch

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: From Norris Rd, head south to I-240 S. Merge onto I-55 S. Take exit 8B for Riverside Dr. Continue on Riverside, then turn right onto Fernwood Ave. Your destination will be on the left at 396 Fernwood Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $62,500

Tax Information:

  • Annual Amount: $543
  • 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

$190.4K

# of Sold Homes

409

396 Fernwood Ave vs Memphis

51 DAYS ON ROCKET

$62,500

-$127.9K Less

KEY TAKEAWAY

This property is $127.9K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10181868

Listing Office:

  • Office Name: J Hunter 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: 11/15/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$543$7,500
2020$461$6,375
2019$461$6,375
2018$262$6,375
2017 - $6,375

History based on county public records data.

Payment Calculator

$379

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$254

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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.

Nearby Schools

school-card-donut-235910
3
/10

  • Alton Elementary School

  • 2020 Alton Ave

  • 0.40 miles

  • Public District Grades PK-5

school-card-donut-235911
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 1.09 miles

  • Public District Grades PK-5

school-card-donut-235912
2
/10

  • Vision Preparatory Charter School

  • 260 Joubert Ave

  • 1.24 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,949. The most common annual income of people living in Memphis, TN is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Memphis, TN?

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

Is Memphis, TN a good place to live?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Are things conveniently located in Memphis, TN?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

What does the transportation in Memphis, TN look like?

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Frequently Asked Questions About 396 Fernwood Ave

What is the listing price of this property?

The listing price of 396 Fernwood Ave property is $62,500.

What type of property is this?

The property 396 Fernwood Ave is a house located in Memphis, Tennessee, 38106.

Is this property for sale now?

Active Listing: 396 Fernwood 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 $543 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 396 Fernwood Ave has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 396 Fernwood Ave is 1950.

Rocket Homes›Tennessee›Shelby County›Memphis›38106›396 Fernwood Ave

This home is located at 396 Fernwood Ave in Memphis, TN and zip code 38106. This home, which was built in 1950, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $62,500.

While more than 53 listings in Memphis, TN in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 252 were sold below. The number of listings in Memphis, TN increased by 22.4% between September 2024 and October 2024.

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

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