2 months on rocket

Sale Pending

688 E Mclemore Ave, Memphis, TN, 38106

$245,000

Home List Price

$2,909*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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688 E Mclemore Ave, Memphis$245,000

Buyer Closing Credits

$2,909*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingConcrete
Year Built1959
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10165784
StatusSale Pending
(Pending)

About 688 E Mclemore Ave

Do not miss out on this Buy and Hold opportunity, 4 Units, 3 bed 1 full bath with a half bath in each master bedroom with washer,dryer connections in each unit.100% occupied, monthly rent totaling $2658. This property is being sold AS IS. Please contact me for additional interior photos. Do not walk the property, drive by only.

Property Details

Property Features

Property Information:

  • Year Built: 1959
  • Stories: 2

Listing Office:

  • Office Name: Braden, Braden & Braden LLC

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wall to Wall Carpet, Wood Laminate Floors

Exterior Features

Exterior Information:

  • Exterior: Wood Fence

Parking Information:

  • Parking: Concrete

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 28A South Parkway, Turn on Mississippi Blvd and make a left on East McLemore

Price Information

Listing Price Info

Price Summary:

  • List Price: $245,000

Tax Information:

  • Annual Amount: $2,450
  • 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

688 E Mclemore Ave vs Memphis

74 DAYS ON ROCKET

$245,000

+$44.8K More

KEY TAKEAWAY

This property is $44.8K more than the Median Sold Price in Memphis, TN.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #10165784

Listing Office:

  • Office Name: Braden, Braden & Braden 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, 4:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 21, 2017Home Sold
$113,500
Oct 21, 2004Home Sold
$90,000
Feb 09, 1999Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,450$33,840
2020$2,295$31,680
2019$2,295$31,680
2018$1,302$31,680
2017$1,316$31,680

History based on county public records data.

Payment Calculator

$1,290

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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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-1028970
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 7.31 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 $25,116. The majority of Memphis, TN residents have income less than $35k annually. Typical family type is 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 688 E Mclemore Ave

What is the listing price of this property?

The listing price of 688 E Mclemore Ave property is $245,000.

What type of property is this?

The property 688 E Mclemore Ave is a condo located in Memphis, Tennessee, 38106.

Is this property for sale now?

Sale Pending: 688 E Mclemore Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 688 E Mclemore 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 $2,450 (source: MLS/based on county public records data).

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

The last sale was on September 21, 2017 for $113,500. (source: MLS/tax record).

Which year was this property built?

The year of construction for 688 E Mclemore Ave is 1959.

Rocket Homes›Tennessee›Shelby County›Memphis›38106›688 E Mclemore Ave

This home is located at 688 E Mclemore Ave in Memphis, TN and zip code 38106 in the South Memphis neighborhood. This home was built in 1959. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $245,000.

In March 2024 more than 82 listings in Memphis, TN were sold above the asking price. During the same period more than 107 listings were sold at asking price, while more than 199 were sold below. The inventory of homes for sale in Memphis, TN between February 2024 and March 2024 increased by 16%.

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

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