3 months on rocket

4112 Summer Ave, Memphis, TN, 38122

$1,575,000

1.60 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #10179579
Lot Size1.60 Acres
StatusActive

About 4112 Summer Ave

Rare Opportunity, strategically located commercial property / land on the Retail corridor of booming Summer Ave. Property includes a total of four adjoined parcels with two free-standing building structures (one building fully leased), and vacant, flat and buildable land (the only in-fill tract left on Summer Ave.). Come join Summer/Graham Crossing, Chick Fila, Starbucks, Chipotle etc. 340 ft road frontage - perfect for any investment, development, cashflow and/or hold purposes.

Property Details

Property Features

Listing Office:

  • Office Name: Independence Realty&Investment

Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 1.60 Acres

Other

Directions Information:

  • Directions: From 240 East, take Perkins to Summer. From Sam Copper take Highland to Summer.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,575,000

Tax Information:

  • Annual Amount: $11,827
  • 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

$183K

# of Sold Homes

362

4112 Summer Ave vs Memphis

119 DAYS ON ROCKET

$1,575,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10179579

Listing Office:

  • Office Name: Independence Realty&Investment

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: 12/18/2024, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 05, 2020Home Sold
$185,000
Apr 06, 2009Home Sold
$247,500

Tax History

YEARPROP. TAXASSESSMENT
2021$11,827$163,360
2020$12,379$170,840
2019$12,379$170,840
2018$7,022$170,840
2017$7,710$170,840

History based on county public records data.

Payment Calculator

$7,928

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,788

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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-4469528
6
/10

  • Grahamwood Elementary School

  • 3950 Summer Ave

  • 0.29 miles

  • Public Magnet Grades PK-5

school-card-donut-4469529
4
/10

  • Berclair Elementary School

  • 810 N Perkins Rd

  • 0.96 miles

  • Public District Grades PK-5

school-card-donut-4469530
5
/10

  • Memphis Business Academy Elementary School

  • 1082 Berclair Rd

  • 1.10 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,813. The most common annual income of people living in Memphis, TN is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4112 Summer Ave

What is the listing price of this property?

The listing price of 4112 Summer Ave property is $1,575,000.

What type of property is this?

The property 4112 Summer Ave is land located in Memphis, Tennessee, 38122.

Is this property for sale now?

Active Listing: 4112 Summer 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 $11,827 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 5, 2020 for $185,000. (source: MLS/tax record).

How much acreage is this property?

The property 4112 Summer Ave is 1.60 acres.
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Rocket Homes›Tennessee›Shelby County›Memphis›38122›4112 Summer Ave

This home is located at 4112 Summer Ave in Memphis, TN and zip code 38122 in the Berclair neighborhood. This home sits on a 1.60 acre lot. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $1,575,000.

Over 45 listings were sold over their listed price in November 2024 in Memphis, TN. In the same period over 218 listings were sold below the listed price and 98 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between October 2024 and November 2024 increased by 6.8%.

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

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