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Backup Offers

400 N Fernway Rd, Memphis, TN, 38117

$214,900

Home List Price

$2,552*

Closing Credit

3 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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400 N Fernway Rd, Memphis$214,900

Buyer Closing Credits

$2,552*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Carport
Year Built1954
HeatingCentral, Natural Gas
CoolingCentral Air, Ceiling Fan(s)
ViewOther
MLS #10171008
Lot Size0.34 Acres
StatusAccepting Backup Offers
(Contingent)

About 400 N Fernway Rd

Ready for your next project? This house needs a little of everything to bring it back to life, but the bones are great. Ideal for investors looking for their next buy and hold. Will make a great investment property. Sellers are investors and have never seen the property. Property is priced below market to reflect needed updates. Utilities have been requested. Buyers to perform their due diligence. Sold AS-IS.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1954
  • Stories: 1

Listing Office:

  • Office Name: Premier Realty Group, LLC

Interior Features

Interior Information:

  • Flooring Type: Hardwood Throughout, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Porch

Parking Information:

  • Parking: Driveway/Pad, Carport

Lot Features

Lot Information:

  • Lot: Few Trees, Landscaped
  • Lot Size: 0.34 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 I-40 head south on Perkins Rd. Turn left on Princeton Rd. Right on Mendenhall. Left on Sequoia. Home is on the corner of Fernway and Sequoia.

Price Information

Listing Price Info

Price Summary:

  • List Price: $214,900

Tax Information:

  • Annual Amount: $4,045
  • 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

400 N Fernway Rd vs Memphis

12 DAYS ON ROCKET

$214,900

+$19.2K More

KEY TAKEAWAY

This property is $19.2K more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10171008

Listing Office:

  • Office Name: Premier Realty Group, 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: 5/8/2024, 1:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,045$55,875
2020$2,796$38,600
2019$2,796$38,600
2018$1,586$38,600
2017$1,455$38,600

History based on county public records data.

Payment Calculator

$1,140

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$711

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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-8574454
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 3.65 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 $80,120. The majority of Memphis, TN residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 400 N Fernway Rd

What is the listing price of this property?

The listing price of 400 N Fernway Rd property is $214,900.

What type of property is this?

The property 400 N Fernway Rd is a house located in Memphis, Tennessee, 38117.

Is this property for sale now?

Accepting Backup Offers: 400 N Fernway Rd 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 400 N Fernway Rd 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 $4,045 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 400 N Fernway Rd has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 400 N Fernway Rd is 1954.

Rocket Homes›Tennessee›Shelby County›Memphis›38117›400 N Fernway Rd

This home is located at 400 N Fernway Rd in Memphis, TN and zip code 38117. This home, which was built in 1954, sits on a 0.34 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $214,900.

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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