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320 Modder Ave, Memphis, TN, 38109

$139,000

Home List Price

$1,651*

Closing Credit

5 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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320 Modder Ave, Memphis$139,000

Buyer Closing Credits

$1,651*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built2006
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10168808
Lot Size0.11 Acres
StatusAccepting Backup Offers
(Contingent)

About 320 Modder Ave

RARE opportunity to own a 5 bedroom 2 full bath INVESTMENT property! Already income producing with Section 8 tenant in place. Monthly rent $1863. Built in 2006, low maintenance exterior; Brick with vinyl siding. HVAC system and new water heater less than 2 years old. Interior was renovated 2 years ago. ADT Security installed. Seller to perform 1031 Exchange. DO NOT DISTURB TENANT! Call for more information.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2006
  • Stories: 2

Listing Office:

  • Office Name: KAIZEN Realty, LLC

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood Laminate Floors, Part Carpet, Vinyl/Luxury Vinyl Floor, Sprayed Ceiling
  • Interior: Attic Access

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 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: S Parkway to Swift, head south. Right onto W Person. Left onto Riverside Blvd. Left onto Modder. House is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $139,000

HOA Fees:

  • Amount: $0
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,055
  • 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

$200.1K

Med. Price/SqFt

$127

# of Sold Homes

389

320 Modder Ave vs Memphis

30 DAYS ON ROCKET

$139,000

-$61.1K Less

KEY TAKEAWAY

This property is $61.1K less than the Median Sold Price in Memphis, TN.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #10168808

Listing Office:

  • Office Name: KAIZEN 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: 4/27/2024, 4:25:16 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

Dec 16, 2020Home Sold
$1,525,000
Jun 06, 2018Home Sold
$115,000
Dec 08, 2004Home Sold
$288,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,055$14,575
2020$173$2,400
2019$173$2,400
2018$99$2,400
2017$152$2,400

History based on county public records data.

Payment Calculator

$761

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$483

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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-1403566
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 9.58 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 $16,014. Residents of Memphis, TN typically earn less than $35k each year. The most common type of family is single, no kids. 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 320 Modder Ave

What is the listing price of this property?

The listing price of 320 Modder Ave property is $139,000.

What type of property is this?

The property 320 Modder Ave is a house located in Memphis, Tennessee, 38109.

Is this property for sale now?

Accepting Backup Offers: 320 Modder Ave 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 320 Modder 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 $1,055 (source: MLS/based on county public records data).

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

The last sale was on December 16, 2020 for $1,525,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 320 Modder Ave has 5 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 320 Modder Ave is 2006.

Rocket Homes›Tennessee›Shelby County›Memphis›38109›320 Modder Ave

This home is located at 320 Modder Ave in Memphis, TN and zip code 38109 in the Riverside neighborhood. This home, which was built in 2006, sits on a 0.11 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $139,000.

Memphis, TN housing market in March 2024 saw over 82 listings sold above listed price, more than 107 sold at listed price and over 199 sold below. The number of homes for sale 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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