12 days on rocket

205 Reno Ave, Memphis, TN, 38107

$94,500

Home List Price

$1,122*

Closing Credit

4 Bedrooms
1 Full Bath
House
Schools Nearby

Location

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205 Reno Ave, Memphis$94,500

Buyer Closing Credits

$1,122*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1972
HeatingCentral
CoolingCentral Air
MLS #10171060
Lot Size0.08 Acres
StatusActive

About 205 Reno Ave

INVESTOR ALERT!!! This 4 Bed/1 Ba rental near Downtown Memphis would be the perfect addition to your portfolio. It was renovated to the studs prior to the current tenant moving in, with new sub-flooring and flooring throughout, a new kitchen, a new bathroom, and new paint. Current tenants in place at $900/mo through December 2024.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1972
  • Stories: 1

Listing Office:

  • Office Name: Sowell, Realtors

Interior Features

Interior Information:

  • Flooring Type: Wood Laminate Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Chain Fence

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: From the intersection of Thomas St and Chelsea Ave, head North on Thomas St to TM Henderson Ave, turn left (West). Take TM Henderson Ave to N 4th St, turn right (North). Take the first left (West) onto Reno Ave, and the property is on the left (South)

Price Information

Listing Price Info

Price Summary:

  • List Price: $94,500

Tax Information:

  • Annual Amount: $434
  • 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

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

205 Reno Ave vs Memphis

12 DAYS ON ROCKET

$94,500

-$101.1K Less

KEY TAKEAWAY

This property is $101.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10171060

Listing Office:

  • Office Name: Sowell, 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: 5/8/2024, 7:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 15, 2020Home Sold
$20,000
Apr 17, 2003Home Sold
$13,000
Feb 05, 2001Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2021$434$6,000
2020$355$4,900
2019$355$4,900
2018$201$4,900
2017$247$4,900

History based on county public records data.

Payment Calculator

$539

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$350

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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.

High School

school-card-donut-8853511
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 5.94 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,676. Typical income of Memphis, TN residents is less than $35k annually. 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

Frequently Asked Questions About 205 Reno Ave

What is the listing price of this property?

The listing price of 205 Reno Ave property is $94,500.

What type of property is this?

The property 205 Reno Ave is a house located in Memphis, Tennessee, 38107.

Is this property for sale now?

Active Listing: 205 Reno Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 205 Reno Ave are:
Memphis Virtual School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $434 (source: MLS/based on county public records data).

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

The last sale was on June 15, 2020 for $20,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 205 Reno Ave has 4 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 205 Reno Ave is 1972.

Rocket Homes›Tennessee›Shelby County›Memphis›38107›205 Reno Ave

This home is located at 205 Reno Ave in Memphis, TN and zip code 38107 in the Downtown neighborhood. This home, which was built in 1972, sits on a 0.08 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $94,500.

While more than 75 listings in Memphis, TN in April 2024 were sold above asking price, there were more than 122 listings sold at asking price, and more than 272 were sold below. 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.

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