686 Looney Ave, Memphis, TN, 38107

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

686 Looney Ave, Memphis$145,000

Buyer Closing Credits

$1,722^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad, Workshop(s)

Year Built1947

HeatingCentral

CoolingCentral Air

FireplaceIn Living Room

ViewOther

MLS #10175766

Lot Size0.14 Acres

StatusActive

About 686 Looney Ave

This charming 2bed/1bath house offers a perfect blend of comfort & convenience, ideally located just a minute from downtown. Suited for first-time home buyers & those working nearby, enjoy quick access to Bass Pro Shops at the Pyramid or St. Jude Children's Research Hospital. Built with quality materials, this home promises both durability & style at a competitive price point, ensuring you get the best value. VIDEO & VIRTUAL TOUR AVAILABLE UPON REQUEST. Ask about 0% down financing options!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1947
• Stories: 1

Listing Office:

• Office Name: eXp Realty, LLC

Interior Features

Interior Information:

• Appliances: Range, Oven
• Flooring Type: Hardwood Throughout, Smooth Ceiling
• Fireplace: In Living Room

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• View: Other
• Exterior: Porch, Historic District, Storage, Sidewalks

Parking Information:

• Parking: Driveway/Pad, Workshop(s)

Virtual/3D Tour

• Virtual Tour: 686 Looney Ave

Virtual Tour

Lot Features

Lot Information:

• Lot: Level, Landscaped
• Lot Size: 0.14 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: Headed West on I-40 Towards The Bridge, Take The Exit Towards N Danny Thomas Blvd, Follow N Until The Street Changes to Thomas St Then Turn Right Onto Looney Ave & Its the 2nd House On The Left.

Price Information

Listing Price Info

Price Summary:

• List Price: $145,000

Tax Information:

• Annual Amount: $661
• 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

$183K

# of Sold Homes

362

686 Looney Ave vs Memphis

173 DAYS ON ROCKET

$145,000

-$38K Less

KEY TAKEAWAY

This property is $38K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

• MLS Number: #10175766

Listing Office:

• Office Name: eXp Realty, LLC

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: 12/18/2024, 7:20:52 PM 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	$661	$9,125
2020	$510	$7,050
2019	$510	$7,050
2018	$290	$7,050
2017	$310	$7,050

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.

$791

Per Month

Principal & Interest

$724

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

$501

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38107›686 Looney Ave

This home is located at 686 Looney Ave in Memphis, TN and zip code 38107 in the Downtown neighborhood. This home, which was built in 1947, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 28, 2024 and is currently priced at $145,000.

In November 2024 more than 45 listings in Memphis, TN were sold above the asking price. During the same period more than 98 listings were sold at asking price, while more than 218 were sold below. Between October 2024 and November 2024, Memphis, TN real estate market has seen increase in the number of listings by 6.8%.

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