21 days on rocket

3969 Southlawn Ave, Memphis, TN, 38111

$535,000

Home List Price

$6,353*

Closing Credit

0 Baths
Multi

Location

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3969 Southlawn Ave, Memphis$535,000

Buyer Closing Credits

$6,353*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAsphalt/Blacktop
Year Built1965
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10184191
StatusActive

About 3969 Southlawn Ave

Some Owner Financing Available. Offered along with 3970 Southlawn (5 Unit Next Door) - 3969 Southlawn presents a 100% occupied 6-unit apartment building within walking distance to both UofM campuses. 4 of 6 units renovated. Central heat/air. Current rent roll $4,600 (one unit listed for rent) with a market potential of $6,980 (per 2024 published HUD rents for 38111). Combined rent roll with both properties is $9,090 with a market potential of $13,030. Add these 11 units to your portfolio today!

Property Details

Property Features

Property Information:

  • Year Built: 1965

Listing Office:

  • Office Name: Diversified Real Estate

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood Throughout, Vinyl Floor

Exterior Features

Parking Information:

  • Parking: Asphalt/Blacktop

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: North on Getwell, East on Southlawn

Price Information

Listing Price Info

Price Summary:

  • List Price: $535,000

Tax Information:

  • Annual Amount: $3,171
  • 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

3969 Southlawn Ave vs Memphis

21 DAYS ON ROCKET

$535,000

+$344.5K More

KEY TAKEAWAY

This property is $344.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10184191

Listing Office:

  • Office Name: Diversified Real Estate

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: 11/21/2024, 7:20:48 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$3,171$43,800
2020$2,910$40,160
2019$2,910$40,160
2018$1,651$40,160
2017$1,839$40,160

History based on county public records data.

Payment Calculator

$2,738

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,670

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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.

Nearby Schools

school-card-donut-223352
3
/10

  • Sherwood Elementary School

  • 1156 Robin Hood Ln

  • 0.53 miles

  • Public Magnet Grades PK-5

school-card-donut-223353
4
/10

  • South Park Elementary School

  • 1736 Getwell Rd

  • 0.97 miles

  • Public District Grades PK-5

school-card-donut-223354
4
/10

  • Willow Oaks Elementary School

  • 4417 Willow Rd

  • 1.23 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,432. Typical income of Memphis, TN residents is less than $35k annually. 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›38111›3969 Southlawn Ave

This home is located at 3969 Southlawn Ave in Memphis, TN and zip code 38111 in the East Memphis Park / Cherry Gardens neighborhood. This home was built in 1965. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $535,000.

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. Between September 2024 and October 2024, Memphis, TN real estate market has seen increase in the number of listings by 22.4%.

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

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