1 month on rocket

4340 Fayette Rd, Memphis, TN, 38128

$170,000

Home List Price

$2,019*

Closing Credit

2 Partial Baths
House

Location

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4340 Fayette Rd, Memphis$170,000

Buyer Closing Credits

$2,019*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingParking Lot
Year Built1973
HeatingCentral, Natural Gas
CoolingCentral Air
BasementYes
MLS #10182279
Lot Size0.15 Acres
StatusActive

About 4340 Fayette Rd

Rental opportunity! Only the building is for sale. Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property is in good condition with recent improvements: the architectural roof was replaced 2018; HVAC was replaced 2021; the water heater in 2024; fresh exterior paint in 2024. Interior features include 2 large half bathrooms, with an open interior that could create 4-6 office spaces, plus additional space to create a kitchenette. Currently, there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for details or to answer any questions.

Property Details

Property Features

Property Information:

  • Architectural Style: Soft Contemporary
  • Year Built: 1973
  • Stories: 1

Listing Office:

  • Office Name: KAIZEN Realty, LLC

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2

Exterior Features

Exterior Information:

  • Exterior: Porch, Wood Fence, Sidewalks

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot: Level, Corner Lot, Fencing
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Covington Pike, head east on Stage Rd to Cela Rd, turn left. Property will be first building on the right. From Jackson, heading north from I-40, take old Austin Peay Hwy exit, turn right onto Fayette, before Stage, turn right to 4340 @ Cela Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $170,000

Tax Information:

  • Annual Amount: $2,375
  • 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

4340 Fayette Rd vs Memphis

48 DAYS ON ROCKET

$170,000

-$20.4K Less

KEY TAKEAWAY

This property is $20.4K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10182279

Listing Office:

  • Office Name: KAIZEN Realty, LLC

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: 11/17/2024, 12:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 07, 2002Home Sold
$66,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,375$32,800
2020$2,263$31,240
2019$2,263$31,240
2018$1,284$31,240
2017$1,225$31,240

History based on county public records data.

Payment Calculator

$916

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$576

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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-435831
3
/10

  • Aspire Coleman Elementary School (ASD)

  • 3210 Raleigh Millington Rd

  • 0.68 miles

  • Public Charter Grades PK-5

school-card-donut-435832
6
/10

  • Jackson Elementary School

  • 3925 Wales Ave

  • 1.49 miles

  • Public District Grades PK-5

school-card-donut-435833
4
/10

  • Promise Academy-Spring Hill (ASD)

  • 3796 Frayser Raleigh Rd

  • 1.65 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 $26,667. The most common annual income of people living in Memphis, TN is less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4340 Fayette Rd

What is the listing price of this property?

The listing price of 4340 Fayette Rd property is $170,000.

What type of property is this?

The property 4340 Fayette Rd is a house located in Memphis, Tennessee, 38128.

Is this property for sale now?

Active Listing: 4340 Fayette Rd 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 $2,375 (source: MLS/based on county public records data).

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

The last sale was on March 7, 2002 for $66,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4340 Fayette Rd has 2 bathrooms..

Which year was this property built?

The year of construction for 4340 Fayette Rd is 1973.

Rocket Homes›Tennessee›Shelby County›Memphis›38128›4340 Fayette Rd

This home is located at 4340 Fayette Rd in Memphis, TN and zip code 38128 in the Raleigh neighborhood. This home, which was built in 1973, sits on a 0.15 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $170,000.

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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