5 months on rocket

706 Lester St, Memphis, TN, 38112

$109,000

Home List Price

$1,294*

Closing Credit

0 Baths
Multi

Location

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706 Lester St, Memphis$109,000

Buyer Closing Credits

$1,294*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway/Pad
Year Built1950
HeatingWall Furnace
CoolingNone
BasementYes
MLS #10177472
StatusActive

About 706 Lester St

Newly renovated corner lot duplex in Binghampton currently being advertised for rent at $750/mo per side. Cash offers preferred and easy to show. Owner financing is also available!

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: Tri-Leake Realty

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile, Vinyl Floor

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: From I-40 follow Sam Cooper to the Tillman st exit. Follow Tillman North, crossing summer to turn left onto faxon. Property is at the corner of Faxon and Lester.

Price Information

Listing Price Info

Price Summary:

  • List Price: $109,000

Tax Information:

  • Annual Amount: $1,184
  • 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

$183K

# of Sold Homes

362

706 Lester St vs Memphis

152 DAYS ON ROCKET

$109,000

-$74K Less

KEY TAKEAWAY

This property is $74K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10177472

Listing Office:

  • Office Name: Tri-Leake 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: 12/22/2024, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 21, 2016Home Sold
$19,000
Feb 22, 2002Home Sold
$15,000
Aug 16, 2000Home Sold
$15,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,184$16,360
2020$895$12,360
2019$895$12,360
2018$508$12,360
2017$582$12,360

History based on county public records data.

Payment Calculator

$612

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$393

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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.

Nearby Schools

school-card-donut-953747
5
/10

  • William H. Brewster Elementary School

  • 2605 Sam Cooper Blvd

  • 0.62 miles

  • Public Magnet Grades PK-5

school-card-donut-953748
3
/10

  • Cornerstone Preparatory - Lester Campus

  • 320 Carpenter St

  • 0.74 miles

  • Public Charter Grades PK-5

school-card-donut-953749
5
/10

  • Springdale Elementary School

  • 880 N Hollywood St

  • 0.80 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,346. The majority of Memphis, TN residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38112›706 Lester St

This home is located at 706 Lester St in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. This home was built in 1950. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $109,000.

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. The number of homes for sale in Memphis, TN increased by 6.8% between October 2024 and November 2024.

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

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