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Backup Offers

2908 Elbert Dr, Memphis, TN, 38127

$140,000

Home List Price

$1,663*

Closing Credit

0 Baths
House
Schools Nearby

Location

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2908 Elbert Dr, Memphis$140,000

Buyer Closing Credits

$1,663*

1.25% Loan Amount

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Property Highlights

ParkingDriveway/Pad
Year Built1973
HeatingCentral
CoolingCentral Air
MLS #10171023
StatusAccepting Backup Offers
(Contingent)

About 2908 Elbert Dr

Amazing investment opportunity. This property offers two units, each featuring a 2 bedroom, 1 bathroom layout. Rent ready! Both sides have been updated with new flooring, fresh paint, and numerous enhancements to cater to modern living standards. Currently vacant, this duplex presents a compelling cash flow potential with market rents at $850 per side, totaling $1,700 per month. Don't miss out on this great opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1973
  • Stories: 1

Listing Office:

  • Office Name: The Stamps Real Estate Company

Interior Features

Interior Information:

  • Flooring Type: Hardwood Throughout, Tile

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer, Porch

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees

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: Going S on Range Line Road, take a left onto Frayser. Take a right onto Lake Park Rd. Take a right onto Elbert Dr. Property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000

Tax Information:

  • Annual Amount: $837
  • 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

2908 Elbert Dr vs Memphis

12 DAYS ON ROCKET

$140,000

-$55.6K Less

KEY TAKEAWAY

This property is $55.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10171023

Listing Office:

  • Office Name: The Stamps Real Estate Company

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

Oct 21, 2020Home Sold
$75,000
Jun 01, 2006Home Sold
$31,900
May 09, 2005Home Sold
$21,500

Tax History

YEARPROP. TAXASSESSMENT
2021$837$11,560
2020$266$12,200
2019$266$3,680
2018 - $3,680

History based on county public records data.

Payment Calculator

$766

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$486

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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.

High School

school-card-donut-8877528
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 3.73 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 $22,971. The majority of Memphis, TN residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2908 Elbert Dr

What is the listing price of this property?

The listing price of 2908 Elbert Dr property is $140,000.

What type of property is this?

The property 2908 Elbert Dr is a house located in Memphis, Tennessee, 38127.

Is this property for sale now?

Accepting Backup Offers: 2908 Elbert Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 2908 Elbert Dr 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 $837 (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 21, 2020 for $75,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 2908 Elbert Dr is 1973.

Rocket Homes›Tennessee›Shelby County›Memphis›38127›2908 Elbert Dr

This home is located at 2908 Elbert Dr in Memphis, TN and zip code 38127 in the Hawkins Mill neighborhood. This home was built in 1973. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $140,000.

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. In April 2024 in Memphis, TN there were 13.1% more homes for sale than in March 2024.

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

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