This beautiful four-bedroom, two-bathroom home, built in 2014, offers 1,550 square feet of living space and is ideally located near the University of Memphis in one of the city's most desirable neighborhoods. The home features a spacious kitchen with an eat-in area, a breakfast bar, and a large, comfortable living room—ideal for both relaxing and socializing. The freshly painted interior also boasts a separate laundry room, plenty of closet space, and a fourth bedroom with an en-suite bathroom. The home includes a parking pad in the large backyard that accommodates up to four cars, in addition to a spacious driveway. With its modern design, functional layout, and warm, inviting atmosphere, this home is ready for you to create lasting memories!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,540
Per Month
Principal & Interest
$1,473
Home PriceThe dollar amount you pay for the home.
$
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 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.
$%
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.
Property Taxes
$0
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
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
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
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
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
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$951
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Campus Elementary School
535 Zach Curlin
Distance between this listing and this school0.20 miles
Public District Grades KG-5
3
/10
Sherwood Elementary School
1156 Robin Hood Ln
Distance between this listing and this school1.11 miles
Public Magnet Grades PK-5
4
/10
Arrow Academy of Excellence
645 Semmes St
Distance between this listing and this school1.69 miles
Public Charter Grades KG-5
Nearby Schools
2
/10
Sherwood Middle School
3480 Rhodes Ave
Distance between this listing and this school1.37 miles
Public District Grades 6-8
4
/10
Colonial Middle School
4778 Sea Isle Rd
Distance between this listing and this school2.26 miles
Public Magnet Grades 6-8
3
/10
Lester Prep Academy (ASD)
320 Carpenter St
Distance between this listing and this school2.54 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
White Station High School
514 S Perkins Rd
Distance between this listing and this school1.46 miles
Public Magnet Grades 9-12
8
/10
East High School
3206 Poplar Ave
Distance between this listing and this school1.72 miles
Public Magnet Grades 9-12
1
/10
Melrose High School
2870 Deadrick Ave
Distance between this listing and this school2.11 miles
The neighbors living near this home have an average income of $44,087. Residents of Memphis, TN typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 585 Shotwell St
What is the listing price of this property?
The listing price of 585 Shotwell St property is $295,000.
What type of property is this?
The property 585 Shotwell St is a house located in Memphis, Tennessee, 38111.
Is this property for sale now?
Active Listing: 585 Shotwell St 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 $3,915 (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 29, 2021 for $242,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 585 Shotwell St has 4 bedrooms and 2 bathrooms.
Which year was this property built?
The year of construction for 585 Shotwell St is 2014.
This home is located at 585 Shotwell St in Memphis, TN and zip code 38111 in the Normal Station neighborhood. This home, which was built in 2014, sits on a 0.20 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $295,000.
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 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.