10 days on rocket

845 Gracewood St, Memphis, TN, 38112

$89,900

Home List Price

$1,068*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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845 Gracewood St, Memphis$89,900

Buyer Closing Credits

$1,068*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Front-Load Garage, Garage
Year Built1948
HeatingCentral
CoolingCentral Air
MLS #10184562
Lot Size0.19 Acres
StatusActive

About 845 Gracewood St

Charming 2-bedroom, 1-bath home nestled at the end of a quiet dead-end street in a rapidly growing neighborhood with rising property values. This cozy residence features a newly updated HVAC unit and furnace, ensuring comfort year-round. The entire home has been recently re piped with pex plumbing, adding to its reliability. Enjoy peace of mind with an upgraded electrical system and brand-new light fixtures throughout. The serene location is perfect for those seeking tranquility while being close to emerging local amenities. This property would make a great family home as well as a profitable investment property as neighboring rental rates continue to increase. Call listing agent today and don't miss this great opportunity!!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1948
  • Stories: 1

Listing Office:

  • Office Name: Weichert, REALTORS-BenchMark

Interior Features

Interior Information:

  • Appliances: Cooktop, Gas Range, Dishwasher, Other
  • Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Wrought Iron Security Drs, Porch, Well Landscaped Grounds, Chain Fence

Parking Information:

  • Parking: Driveway/Pad, Front-Load Garage, Garage

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading east on Summer Ave, take a left onto Baltic St, left onto Manhattan Ave, right onto Gracewood St, and the home is on the left at the dead end.

Price Information

Listing Price Info

Price Summary:

  • List Price: $89,900

Tax Information:

  • Annual Amount: $492
  • 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

845 Gracewood St vs Memphis

10 DAYS ON ROCKET

$89,900

-$100.5K Less

KEY TAKEAWAY

This property is $100.5K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10184562

Listing Office:

  • Office Name: Weichert, REALTORS-BenchMark

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.

Property Sales & Tax

Listing History

Oct 23, 2006Home Sold
$28,000
Sep 30, 2004Home Sold
$12,000

Tax History

YEARPROP. TAXASSESSMENT
2021$492$6,800
2020$409$5,650
2019$409$5,650
2018$232$5,650
2017$249$5,650

History based on county public records data.

Payment Calculator

$516

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$336

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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-255353
5
/10

  • Springdale Elementary School

  • 880 N Hollywood St

  • 0.93 miles

  • Public Magnet Grades PK-5

school-card-donut-255354
5
/10

  • Treadwell Elementary School

  • 3538 Given Ave

  • 0.97 miles

  • Public Magnet Grades PK-5

school-card-donut-255355
5
/10

  • William H. Brewster Elementary School

  • 2605 Sam Cooper Blvd

  • 1.01 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 most common annual income of people living in Memphis, TN is less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 845 Gracewood St

What is the listing price of this property?

The listing price of 845 Gracewood St property is $89,900.

What type of property is this?

The property 845 Gracewood St is a house located in Memphis, Tennessee, 38112.

Is this property for sale now?

Active Listing: 845 Gracewood 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 $492 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 23, 2006 for $28,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 845 Gracewood St has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 845 Gracewood St is 1948.

Rocket Homes›Tennessee›Shelby County›Memphis›38112›845 Gracewood St

This home is located at 845 Gracewood St in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. This home, which was built in 1948, sits on a 0.19 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $89,900.

In October 2024, from all listings sold in Memphis, TN there were more than 53 sold above asking price, over 252 sold below and more than 103 were sold right at the asked price. In October 2024 in Memphis, TN there were 22.4% more homes for sale than in September 2024.

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

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