5891 Ridgehill Dr, Memphis, TN, 38141

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

5891 Ridgehill Dr, Memphis$125,000

Buyer Closing Credits

$1,484^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeTownhouse

ParkingDriveway/Pad

Year Built1985

HeatingCentral

CoolingCentral Air, Ceiling Fan(s)

BasementYes

FireplaceMasonry, In Living Room

MLS #10167629

Lot Size0.09 Acres

StatusActive

About 5891 Ridgehill Dr

This is a great property for an investor! Property is located in sought after 38141 zip which is a zip code investors love and is a great rental area. Tenant in place and lease is up July 2024. Roof replaced 2015~AC unit replaced 2020~ Water tank replaced 2021. Some flooring replaced, new toilet in bath and storage door replaced. This property is located minutes from the expressway, restaurants and shopping. Located minutes from Mississippi state line and near several schools. Call today!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1985
• Stories: 1

Listing Office:

• Office Name: Fast Track Realty, LLC

Interior Features

Interior Information:

• Appliances: Range, Oven, Disposal, Dishwasher
• Basement: Yes
• Flooring Type: Wall to Wall Carpet, Tile, 9 or more Ft. Ceiling
• Interior: Attic Access, Walk-In Attic, Cat/Dog Free House, Other (See REMARKS)
• Fireplace: Masonry, In Living Room

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 1
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Exterior: Wrought Iron Security Drs, Porch, Patio, Other (See REMARKS)

Parking Information:

• Parking: Driveway/Pad

Lot Features

Lot Information:

• Lot: Level, Fencing
• Lot Size: 0.09 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

• Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

• Directions: Going west on E Raines Rd, make a left on Hickory Hill, right on Ridgehill. Home is on the left. No sign in yard and tenant occupied. Please do not disturb the tenant.

Price Information

Listing Price Info

Price Summary:

• List Price: $125,000

Tax Information:

• Annual Amount: $1,356
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

5891 Ridgehill Dr vs Memphis

51 DAYS ON ROCKET

$125,000

-$70.6K Less

KEY TAKEAWAY

This property is $70.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #10167629

Listing Office:

• Office Name: Fast Track 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: 5/2/2024, 12:15:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Dec 04, 2009	Dec 04, 2009Home Sold	$22,000
Sep 20, 2002	Sep 20, 2002Home Sold	$68,900
Apr 22, 2002	Apr 22, 2002Home Sold	$48,750

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,356	$18,725
2020	$923	$12,750
2019	$923	$12,750
2018	$524	$12,750
2017	$524	$12,750

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$691

Per Month

Principal & Interest

$624

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38141›5891 Ridgehill Dr

This home is located at 5891 Ridgehill Dr in Memphis, TN and zip code 38141. This home, which was built in 1985, sits on a 0.09 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 11, 2024 and is currently priced at $125,000.

Over 75 listings were sold over their listed price in April 2024 in Memphis, TN. In the same period over 272 listings were sold below the listed price and 122 listings were sold for the listed price. 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.