1036 Palermo Ave, Memphis, TN, 38106

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1036 Palermo Ave, Memphis$65,000

Buyer Closing Credits

$772^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad, Carport

Year Built1924

HeatingOther

CoolingOther

MLS #10150054

Lot Size0.16 Acres

StatusActive

About 1036 Palermo Ave

INVESTORS ONLY! Tenant occupied property! Professionally managed brick home with covered parking! Current tenant wants to stay & pays on time. Current rent is $750 & we have lease, ledger, & repair history. This could be an excellent addition to your rental portfolio. Please do not disturb or approach tenant. Cash offers strongly preferred. Many homes in this area being rehabbed & sold for more money. No wholesalers or assignments. Make your offer contingent on interior inspection.

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Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1924
• Stories: 1

Listing Office:

• Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

• Flooring Type: Tile

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Exterior: Porch, Patio

Parking Information:

• Parking: Driveway/Pad, Carport

Lot Features

Lot Information:

• Lot: Few Trees
• Lot Size: 0.16 Acres

Utilities

Utilities Information:

• Heating: Other
• Cooling: Other

School Info

Assigned Schools Information:

• Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

• Directions: South Parkway East to Hernando Rd, South on Hernando to Palermo, turn right.

Price Information

Listing Price Info

Price Summary:

• List Price: $65,000

Tax Information:

• Annual Amount: $1,043
• Tax Year: 2021

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Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

1036 Palermo Ave vs Memphis

330 DAYS ON ROCKET

$65,000

-$130.6K Less

KEY TAKEAWAY

This property is $130.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #10150054

Listing Office:

• Office Name: Crye-Leike, Inc., REALTORS

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: 5/9/2024, 8:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Sep 23, 2021	Sep 23, 2021Home Sold	$55,000
Jul 01, 2021	Jul 01, 2021Home Sold	$45,000
Jan 03, 2006	Jan 03, 2006Home Sold	$26,000
Dec 05, 2005	Dec 05, 2005Home Sold	$20,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,043	$14,400
2020	$804	$11,100
2019	$804	$11,100
2018	$456	$11,100
2017	$508	$11,100

History based on county public records data.

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**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38106›1036 Palermo Ave

This home is located at 1036 Palermo Ave in Memphis, TN and zip code 38106 in the Sixty Point Ward neighborhood. This home, which was built in 1924, sits on a 0.16 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 14, 2023 and is currently priced at $65,000.

Over 75 listings were sold over their listed price in April 2024 in Memphis, TN. In the same period over 272 listings were sold below the listed price and 122 listings were sold for the listed price. Between March 2024 and April 2024, Memphis, TN real estate market has seen increase in the number of listings by 13.1%.

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