1 month on rocket

774 Melrose St, Memphis, TN, 38104

$1,750,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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774 Melrose St, Memphis$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAsphalt/Blacktop
Year Built1956
HeatingNatural Gas
CoolingOther
BasementYes
MLS #10167542
StatusActive

About 774 Melrose St

Great Investment opportunity with 24 one bedroom units 100% occupied. This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request. Laundry facilities on site for additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold "as is". Property sold subject to tenants rights.

Property Details

Property Features

Property Information:

  • Year Built: 1956

Listing Office:

  • Office Name: Leco Realty, Inc.

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Partial Carpet

Exterior Features

Parking Information:

  • Parking: Asphalt/Blacktop

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Other

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: South on Melrose from Central Ave. ; Property located on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000

Tax Information:

  • Annual Amount: $29,675
  • 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

774 Melrose St vs Memphis

54 DAYS ON ROCKET

$1,750,000

+$1.5M More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10167542

Listing Office:

  • Office Name: Leco Realty, Inc.

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.

Property Sales & Tax

Listing History

Jun 28, 2021Home Sold
$1,600,000
Jan 08, 2016Home Sold
$265,000
Oct 14, 2015Home Sold
$286,760
Mar 08, 1999Home Sold
$401,500

Tax History

YEARPROP. TAXASSESSMENT
2021$29,675$409,880
2020$7,863$108,520
2019$7,863$108,520
2018$4,460$108,520
2017$4,807$108,520

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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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-4752045
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 5.77 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 $47,015. The majority of Memphis, TN residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 774 Melrose St

What is the listing price of this property?

The listing price of 774 Melrose St property is $1,750,000.

What type of property is this?

The property 774 Melrose St is a condo located in Memphis, Tennessee, 38104.

Is this property for sale now?

Active Listing: 774 Melrose St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 774 Melrose St 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 $29,675 (source: MLS/based on county public records data).

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

The last sale was on June 28, 2021 for $1,600,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 774 Melrose St is 1956.

Rocket Homes›Tennessee›Shelby County›Memphis›38104›774 Melrose St

This home is located at 774 Melrose St in Memphis, TN and zip code 38104 in the Central Gardens neighborhood. This home was built in 1956. It has been listed on Rocket Homes since March 09, 2024 and is currently priced at $1,750,000.

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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