578 Mckinley St, Memphis, TN, 38126

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

578 Mckinley St, Memphis$165,000

Buyer Closing Credits

$1,959^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingStreet Parking Only

Year Built1912

HeatingOther

CoolingWindow Unit(s)

MLS #10178741

Lot Size0.10 Acres

StatusActive

About 578 Mckinley St

Investor Special. Price includes two properties offered together. 574 & 578 McKinley, right next to each other on a corner. 578 McKinley is a single family home with over 1800 sq footage. Lower level semi-renovated. 574 McKinley is Second is a duplex. Great Properties to add to a rental portfolio. Easy to show with the exception of the tenant occupied side. 3 minutes from Fed Forum in downtown Memphis. Zone for Multi-family. Single family can easily rent as a single home or rooming home.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1912
• Stories: 1

Listing Office:

• Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

• Flooring Type: Hardwood Throughout

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Exterior: Wrought Iron Security Drs

Parking Information:

• Parking: Street Parking Only

Lot Features

Lot Information:

• Lot: Few Trees, Level
• Lot Size: 0.10 Acres

Utilities

Utilities Information:

• Heating: Other
• Cooling: Window Unit(s)

Other

Directions Information:

• Directions: 240 N to Lamar exit, make a left on Lamar that turns to crump, right on McKinley

Price Information

Listing Price Info

Price Summary:

• List Price: $165,000

Tax Information:

• Annual Amount: $550
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

578 Mckinley St vs Memphis

98 DAYS ON ROCKET

$165,000

-$25.4K Less

KEY TAKEAWAY

This property is $25.4K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

• MLS Number: #10178741

Listing Office:

• Office Name: Crye-Leike, Inc., REALTORS

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, 3:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$550	$7,600
2020	$523	$7,225
2019	$523	$7,225
2018	$297	$7,225
2017	$327	$7,225

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$891

Per Month

Principal & Interest

$824

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$561

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38126›578 Mckinley St

This home is located at 578 Mckinley St in Memphis, TN and zip code 38126 in the New Pathways neighborhood. This home, which was built in 1912, sits on a 0.10 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $165,000.

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. 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.