18 days on rocket

2988 New London Pl, Memphis, TN, 38115

$120,000

Home List Price

$1,425*

Closing Credit

3 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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2988 New London Pl, Memphis$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1983
HeatingCentral
CoolingCentral Air
MLS #10169876
Lot Size0.08 Acres
StatusActive

About 2988 New London Pl

Tenant occupied 3 bedroom/2 bath home being marketed to investors! Could be a great addition to your rental portfolio. It's priced below market. Roof is less than 10 years old. Rented for $750 in which is below rental rate for the area. Long-term Tenant is month to month. Lease is available. Do not disturb or approach the tenant. Walkthrough/inspections with accepted offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1983
  • Stories: 1

Listing Office:

  • Office Name: 4 Success Realty, LLC

Interior Features

Interior Information:

  • Flooring Type: Wood Laminate Floors, Part Carpet, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Wrought Iron Security Drs

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level
  • 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: Exit Nonconnah Pkwy onto Ridgeway, then take a left on Mt. Moriah, then right on New London Pl

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
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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

$200.1K

Med. Price/SqFt

$127

# of Sold Homes

389

2988 New London Pl vs Memphis

18 DAYS ON ROCKET

$120,000

-$80.1K Less

KEY TAKEAWAY

This property is $80.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #10169876

Listing Office:

  • Office Name: 4 Success Realty, LLC

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: 4/30/2024, 12:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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-3416360
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 9.18 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 $27,807. The majority of Memphis, TN residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2988 New London Pl

What is the listing price of this property?

The listing price of 2988 New London Pl property is $120,000.

What type of property is this?

The property 2988 New London Pl is a house located in Memphis, Tennessee, 38115.

Is this property for sale now?

Active Listing: 2988 New London Pl is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2988 New London Pl are:
Memphis Virtual School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 2988 New London Pl has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 2988 New London Pl is 1983.

Rocket Homes›Tennessee›Shelby County›Memphis›38115›2988 New London Pl

This home is located at 2988 New London Pl in Memphis, TN and zip code 38115. This home, which was built in 1983, sits on a 0.08 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $120,000.

While more than 82 listings in Memphis, TN in March 2024 were sold above asking price, there were more than 107 listings sold at asking price, and more than 199 were sold below. The number of listings in Memphis, TN increased by 16% between February 2024 and March 2024.

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

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