3 years on rocket

866 Faxon Ave, Memphis, TN, 38105

$80,000

Home List Price

$950*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
House

Location

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866 Faxon Ave, Memphis$80,000

Buyer Closing Credits

$950*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1923
HeatingFloor Furnace
CoolingWindow Unit(s)
MLS #10111303
Lot Size0.12 Acres
StatusActive

About 866 Faxon Ave

Great investment opportunity. This house is in the North Memphis/Uptown area just minutes from the heart of Downtown Memphis and multibillion dollar development at St Jude Children's Research Hospital. Currently the house is rented at 500/mo. THE HOUSE NEXT DOOR JUST SOLD FOR 175K!!! The house is sold as is.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1923
  • Stories: 1

Listing Office:

  • Office Name: The Bailey Company Realty, Inc

Interior Features

Interior Information:

  • Flooring Type: Part Carpet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch, Chain Fence, Sidewalks, Other (See REMARKS)

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level, Fencing
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: From I-40 W, take the exit 1F onto Jackson Ave. From Jackson Ave Make a south turn onto Ayers St. Faxon Will be the first street on the right. The house is on the north side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $80,000

Tax Information:

  • Annual Amount: $729
  • 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

866 Faxon Ave vs Memphis

1126 DAYS ON ROCKET

$80,000

-$110.4K Less

KEY TAKEAWAY

This property is $110.4K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10111303

Listing Office:

  • Office Name: The Bailey Company Realty, Inc

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: 11/23/2024, 9:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$729$10,075
2020$492$6,800
2019$492$6,800
2018$279$6,800
2017$297$6,800

History based on county public records data.

Payment Calculator

$467

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$306

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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-979235
3
/10

  • Memphis Scholars Caldwell-Guthrie (ASD)

  • 951 Chelsea Ave

  • 0.80 miles

  • Public Charter Grades PK-5

school-card-donut-979236
3
/10

  • Kipp Memphis Collegiate Elementary School

  • 230 Henry Ave

  • 0.91 miles

  • Public Charter Grades KG-4

school-card-donut-979237
3
/10

  • Downtown Elementary School

  • 10 N 4th St

  • 1.29 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 $17,297. The most common annual income of people living in Memphis, TN is less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Memphis, TN?

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

What are the advantages of living in Memphis, TN?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Are essential services in Memphis, TN convenient?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

How do Memphis, TN residents get around?

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Frequently Asked Questions About 866 Faxon Ave

What is the listing price of this property?

The listing price of 866 Faxon Ave property is $80,000.

What type of property is this?

The property 866 Faxon Ave is a house located in Memphis, Tennessee, 38105.

Is this property for sale now?

Active Listing: 866 Faxon Ave 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 $729 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 866 Faxon Ave has 2 bedrooms and 1 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 866 Faxon Ave is 1923.

Rocket Homes›Tennessee›Shelby County›Memphis›38105›866 Faxon Ave

This home is located at 866 Faxon Ave in Memphis, TN and zip code 38105. This home, which was built in 1923, sits on a 0.12 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 24, 2021 and is currently priced at $80,000.

Over 53 listings were sold over their listed price in October 2024 in Memphis, TN. In the same period over 252 listings were sold below the listed price and 103 listings were sold for the listed price. 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.

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