3 months on rocket

5016 Lynbar Ave, Memphis, TN, 38117

$279,900

Home List Price

$3,324*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
House

Location

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5016 Lynbar Ave, Memphis$279,900

Buyer Closing Credits

$3,324*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Carport
Year Built1953
HeatingCentral
CoolingCentral Air
FireplaceMasonry, In Den/Great Room
ViewOther
MLS #10177706
Lot Size0.22 Acres
StatusActive

About 5016 Lynbar Ave

Seller offering $5,800 towards buyer's closing costs or 1% rate buydown. Conveniently located in the heart of East Memphis this charming brick home has been perfectly updated. Home features beautiful hardwood floors, modern light fixtures & natural lighting. Updated kitchen w/ stainless steel appliances, separate breakfast room & open to hearth room. Both bathrooms renovated in the past yr. Spacious living room with large windows, cozy fireplace & french doors that lead to fenced-in backyard w/inviting patio. Richland Elementary, WS Middle & High School.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional, Ranch
  • Year Built: 1953
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams

Interior Features

Interior Information:

  • Appliances: Range, Oven, Disposal, Dishwasher, Microwave
  • Flooring Type: Part Hardwood, Tile
  • Fireplace: Masonry, In Den/Great Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Patio, Wood Fence

Parking Information:

  • Parking: Driveway/Pad, Carport

Lot Features

Lot Information:

  • Lot: Level, Landscaped
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From White Station, L on Peg Ln., R on N Fernway, L on Lynbar and house will be on the R

Price Information

Listing Price Info

Price Summary:

  • List Price: $279,900

Tax Information:

  • Annual Amount: $4,549
  • 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

5016 Lynbar Ave vs Memphis

114 DAYS ON ROCKET

$279,900

+$89.4K More

KEY TAKEAWAY

This property is $89.4K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10177706

Listing Office:

  • Office Name: Keller Williams

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, 2:20:50 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

Aug 31, 2020Home Sold
$255,000
Dec 02, 2013Home Sold
$155,000
Oct 30, 2003Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,549$62,825
2020$3,094$42,700
2019$3,094$42,700
2018$1,755$42,700
2017$1,696$42,700

History based on county public records data.

Payment Calculator

$1,464

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$906

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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-505293
8
/10

  • White Station Elementary School

  • 4840 Chickasaw Rd

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-505294
8
/10

  • Richland Elementary School

  • 5440 Rich Rd

  • 0.88 miles

  • Public District Grades PK-5

school-card-donut-505295
4
/10

  • Berclair Elementary School

  • 810 N Perkins Rd

  • 1.05 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 $80,120. The most common annual income of people living in Memphis, TN is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

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.

Frequently Asked Questions About 5016 Lynbar Ave

What is the listing price of this property?

The listing price of 5016 Lynbar Ave property is $279,900.

What type of property is this?

The property 5016 Lynbar Ave is a house located in Memphis, Tennessee, 38117.

Is this property for sale now?

Active Listing: 5016 Lynbar 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 $4,549 (source: MLS/based on county public records data).

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

The last sale was on August 31, 2020 for $255,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5016 Lynbar Ave has 2 bedrooms and 1 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 5016 Lynbar Ave is 1953.

Rocket Homes›Tennessee›Shelby County›Memphis›38117›5016 Lynbar Ave

This home is located at 5016 Lynbar Ave in Memphis, TN and zip code 38117. This home, which was built in 1953, sits on a 0.22 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $279,900.

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. 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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