1 month on rocket

2391 Forrest Ave, Memphis, TN, 38112

$420,000

Home List Price

$4,988*

Closing Credit

4 Bedrooms
4 Full Baths
House
Schools Nearby

Location

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2391 Forrest Ave, Memphis$420,000

Buyer Closing Credits

$4,988*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Parking Lot
Year Built1922
HeatingCentral, Natural Gas
CoolingCentral Air, Ceiling Fan(s)
MLS #10169009
Lot Size0.15 Acres
StatusActive

About 2391 Forrest Ave

Great investment for the savvy landlord. Four units. Two units up and two units down. Unit 3 is vacant and is used as an Air BNB. Each unit has one bedroom, one full bath, eat in kitchen and a laundry room. Showings need to be scheduled 24 hours in advance if unit 1, 2, and 4 are to be seen. Unit 3 can be seen anytime. The two units upstairs has a small balcony to the outside. Off the laundry room is a back door that leads downstairs to the rear parking lot.

Property Details

Property Features

Property Information:

  • Architectural Style: Soft Contemporary
  • Year Built: 1922
  • Stories: 2

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Range, Oven, Gas Range, Refrigerator, Washer, Dryer
  • Flooring Type: Hardwood Throughout, Textured Ceiling
  • Interior: Security System, Smoke Detector(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Wrought Iron Security Drs, Porch, Balcony, Sidewalks

Parking Information:

  • Parking: Driveway/Pad, Parking Lot

Lot Features

Lot Information:

  • Lot: Few Trees, Level, Fencing
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: From the intersection of Sam Cooper Blvd and North Parkway, Head North on North Parkway, then turn right onto Forrest Avenue. The property will be on the right side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $420,000

Tax Information:

  • Annual Amount: $4,813
  • 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

2391 Forrest Ave vs Memphis

42 DAYS ON ROCKET

$420,000

+$224.3K More

KEY TAKEAWAY

This property is $224.3K more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10169009

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: 5/11/2024, 5:20:32 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

Nov 27, 2006Home Sold
$94,700
Oct 18, 2004Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,813$66,480
2020$3,959$54,640
2019$3,959$54,640
2018$2,246$54,640
2017$2,080$54,640

History based on county public records data.

Payment Calculator

$2,164

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,326

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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-10522759
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 3.21 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 $17,273. Typical income of Memphis, TN residents is less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2391 Forrest Ave

What is the listing price of this property?

The listing price of 2391 Forrest Ave property is $420,000.

What type of property is this?

The property 2391 Forrest Ave is a house located in Memphis, Tennessee, 38112.

Is this property for sale now?

Active Listing: 2391 Forrest 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 2391 Forrest 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 $4,813 (source: MLS/based on county public records data).

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

The last sale was on November 27, 2006 for $94,700. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2391 Forrest Ave has 4 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 2391 Forrest Ave is 1922.

Rocket Homes›Tennessee›Shelby County›Memphis›38112›2391 Forrest Ave

This home is located at 2391 Forrest Ave in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. This home, which was built in 1922, sits on a 0.15 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 30, 2024 and is currently priced at $420,000.

Memphis, TN housing market in April 2024 saw over 75 listings sold above listed price, more than 122 sold at listed price and over 272 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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