10 months on rocket

5366 Rich Rd, Memphis, TN, 38120

$605,000

Home List Price

$7,184*

Closing Credit

4 Bedrooms
2 Full Baths, 2 Partial
House

Location

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5366 Rich Rd, Memphis$605,000

Buyer Closing Credits

$7,184*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Workshop(s), Side-Load Garage, Garage
Year Built1950
HeatingCentral
CoolingCentral Air
ViewTrees/Woods
MLS #10163460
StatusActive

About 5366 Rich Rd

ReDevelopment Opportunity = 2.163 acres in heart of East Memphis Charming 1950s Farm House style with plenty of character and ripe for updates. Spacious rooms, large windows. All bedrooms w/ on-suite bathrooms. House needs full rehab, but would make incredible estate type home/lot. AS-IS SALE

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1950
  • Stories: 1

Listing Office:

  • Office Name: Rick Baer Realty

Interior Features

Interior Information:

  • Flooring Type: Hardwood Throughout

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Trees/Woods
  • Exterior: Storage Building, Screen Porch, Covered Patio

Parking Information:

  • Parking: Driveway/Pad, Workshop(s), Side-Load Garage, Garage

Lot Features

Lot Information:

  • Lot: Wooded

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Walnut Grove to Rich - head east on Rich Yates to Rich - head west on Rich

Price Information

Listing Price Info

Price Summary:

  • List Price: $605,000

Tax Information:

  • Annual Amount: $7,166
  • 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

5366 Rich Rd vs Memphis

315 DAYS ON ROCKET

$605,000

+$414.5K More

KEY TAKEAWAY

This property is $414.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10163460

Listing Office:

  • Office Name: Rick Baer 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: 11/15/2024, 5:20:48 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$7,166$98,975
2020$5,622$77,600
2019$5,622$77,600
2018$4,002$77,600
2017$3,508$97,375

History based on county public records data.

Payment Calculator

$3,087

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,880

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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-430512
8
/10

  • Richland Elementary School

  • 5440 Rich Rd

  • 0.12 miles

  • Public District Grades PK-5

school-card-donut-430513
8
/10

  • White Station Elementary School

  • 4840 Chickasaw Rd

  • 1.04 miles

  • Public District Grades PK-5

school-card-donut-430514
4
/10

  • Berclair Elementary School

  • 810 N Perkins Rd

  • 1.80 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 $92,368. The most common annual income of people living in Memphis, TN is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living 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 5366 Rich Rd

What is the listing price of this property?

The listing price of 5366 Rich Rd property is $605,000.

What type of property is this?

The property 5366 Rich Rd is a house located in Memphis, Tennessee, 38120.

Is this property for sale now?

Active Listing: 5366 Rich 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 $7,166 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5366 Rich Rd has 4 bedrooms and 2 full and 2 half bathrooms.

Which year was this property built?

The year of construction for 5366 Rich Rd is 1950.

Rocket Homes›Tennessee›Shelby County›Memphis›38120›5366 Rich Rd

This home is located at 5366 Rich Rd in Memphis, TN and zip code 38120. This home was built in 1950. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 04, 2024 and is currently priced at $605,000.

Over 53 listings were sold over their listed price in October 2024 in Memphis, TN. In the same period over 252 listings were sold below the listed price and 103 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between September 2024 and October 2024 increased by 22.4%.

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

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