691 N Merton St, Memphis, TN, 38112

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

691 N Merton St, Memphis$164,000

Buyer Closing Credits

$1,948^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad, Carport

Year Built1922

HeatingCentral

CoolingCentral Air, Ceiling Fan(s), Other

FireplaceIn Den/Great Room

ViewOther

MLS #10164886

Lot Size0.13 Acres

StatusActive

About 691 N Merton St

Discover the epitome of Midtown living in this charming 3BR, 2BA bungalow. Step inside to find beautiful hardwood flrs that lead you through a great rm adorned w/decorative fireplace. Renovated kitchen featuring granite countertops, island, subway tile backsplash & full complement of appliances. The convenience of a dedicated laundry room adds a practical touch. Enjoy evenings on the large front porch or host cookouts in the fenced backyard w/storage shed & patio. Midtown living at its finest.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Bungalow
• Year Built: 1922
• Stories: 1

Listing Office:

• Office Name: eXp Realty

Interior Features

Interior Information:

• Appliances: Range, Oven, Disposal, Dishwasher, Microwave
• Flooring Type: Hardwood Throughout, Tile
• Interior: Attic Access
• Fireplace: In Den/Great Room

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• View: Other
• Exterior: Wrought Iron Security Drs, Storage Building, Porch, Patio, Well Landscaped Grounds, Wood Fence, Sidewalks

Parking Information:

• Parking: Driveway/Pad, Carport

Lot Features

Lot Information:

• Lot: Level, Landscaped, Fencing
• Lot Size: 0.13 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

• Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

• Directions: From Sam Cooper Blvd., turn right on Tillman St., turn left (west) onto Summer Ave., right on Merton

Price Information

Listing Price Info

Price Summary:

• List Price: $164,000

Tax Information:

• Annual Amount: $1,023
• 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

691 N Merton St vs Memphis

93 DAYS ON ROCKET

$164,000

-$31.6K Less

KEY TAKEAWAY

This property is $31.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #10164886

Listing Office:

• Office Name: eXp Realty

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: 5/3/2024, 1:20:35 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
Nov 15, 2019	Nov 15, 2019Home Sold	$55,200

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,023	$14,125
2020	$835	$11,525
2019	$835	$11,525
2018	$474	$11,525
2017	$476	$11,525

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.

$886

Per Month

Principal & Interest

$819

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

$558

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38112›691 N Merton St

This home is located at 691 N Merton St in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. This home, which was built in 1922, sits on a 0.13 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $164,000.

In April 2024 more than 75 listings in Memphis, TN were sold above the asking price. During the same period more than 122 listings were sold at asking price, while more than 272 were sold below. The inventory of homes for sale in Memphis, TN between March 2024 and April 2024 increased by 13.1%.

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