1 month on rocket

4487 Sumners Wells Rd, Memphis, TN, 38118

$149,900

Home List Price

$1,780*

Closing Credit

0 Baths
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

4487 Sumners Wells Rd, Memphis$149,900

Buyer Closing Credits

$1,780*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingDriveway/Pad
Year Built1974
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10182588
StatusActive

About 4487 Sumners Wells Rd

This property is currently under contract. This is a hot investment street, with a ton of potential tenants and increasing rents/values as the neighborhood is being turnkeyed. The neighborhood is close to the airport and several distribution centers with a strong need for workforce housing. The duplex was fixed up a few years ago, with a newer roof and should have newer mechanicals. The other side is on the market now for a tenant. Both units should rent in the $900, allowing for some great long-term income and an awesome reason to add it to your portfolio! Buyer to verify all facts; no showings until accepted offer. Do not disturb tenants. No assignable/wholesaler offers will be accepted. No seller-financing, so do not ask or offer; it will be rejected. Seller is selling all in Memphis market to invest in local market. Selling with 3 other duplexes and will split.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1974
  • Stories: 1

Listing Office:

  • Office Name: Memphis Metro Realty

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood Laminate Floors, Tile, Smooth Ceiling

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer, Separate Meters

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head west on E Shelby Dr toward Sugar Creek Rd, then turn right onto Brandy Station Rd. Take a left onto Birdsong Ferry Rd. Birdsong Ferry Rd turns slightly right and becomes Summers Wells Rd. The destination will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,900

Tax Information:

  • Annual Amount: $1,231
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Map thumbnail provided by MapBox

Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

4487 Sumners Wells Rd vs Memphis

44 DAYS ON ROCKET

$149,900

-$40.5K Less

KEY TAKEAWAY

This property is $40.5K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10182588

Listing Office:

  • Office Name: Memphis Metro 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: 11/17/2024, 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

May 21, 2018Home Sold
$60,000
Feb 08, 2018Home Sold
$21,050
Dec 07, 2015Home Sold
$15,500
Oct 11, 2004Home Sold
$103,066

Tax History

YEARPROP. TAXASSESSMENT
2021$1,231$17,000
2020$1,162$16,040
2019$1,162$16,040
2018$659$16,040
2017$750$16,040

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

Powered By

Rocket Mortgage

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.

Nearby Schools

school-card-donut-484734
4
/10

  • Oakhaven Elementary School

  • 3795 Bishops Bridge Rd

  • 1.38 miles

  • Public District Grades PK-5

school-card-donut-484735
4
/10

  • Gardenview Elementary School

  • 4075 Hartz Dr

  • 2.74 miles

  • Public District Grades PK-5

school-card-donut-484736
4
/10

  • Sheffield Elementary School

  • 4290 Chuck Ave

  • 2.78 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,919. The majority of Memphis, TN residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

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.

Types of housing 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.

What is it like to live in Memphis, TN?

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.

Is it easy to get around Memphis, TN without a car?

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.

Transportation in Memphis, TN.

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.

Rocket Homes›Tennessee›Shelby County›Memphis›38118›4487 Sumners Wells Rd

This home is located at 4487 Sumners Wells Rd in Memphis, TN and zip code 38118. This home was built in 1974. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $149,900.

In October 2024 more than 53 listings in Memphis, TN were sold above the asking price. During the same period more than 103 listings were sold at asking price, while more than 252 were sold below. In October 2024 in Memphis, TN there were 22.4% more homes for sale than in September 2024.

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

More Resources