13 days on rocket

840 Chelsea Ave, Memphis, TN, 38107

$125,000

Home List Price

$1,484*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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840 Chelsea Ave, Memphis$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingConcrete
Year Built1920
HeatingOther
CoolingOther
MLS #10170568
StatusActive

About 840 Chelsea Ave

INVESTORS ONLY! CASH OFFERS ONLY! NO BLIND OFFERS! Please go & see the property before submitting your offer. QUADPLEX! Estimated Market Rent $3200/month, $800 per unit. All units are 1 bedroom, 1 bathroom units. Property will need a full renovation to become rent ready. NEW ROOF, Demo completed on inside of each unit; Framing & electrical rough end completed. Please call listing agent for questions. No wholesalers!!!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 1

Listing Office:

  • Office Name: KAIZEN Realty, LLC

Interior Features

Interior Information:

  • Appliances: Other
  • Flooring Type: Other (See Remarks)

Exterior Features

Exterior Information:

  • Exterior: Sidewalks, No Landscaping

Parking Information:

  • Parking: Concrete

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: Take ramp onto I-240 E toward Nashville. Continue on I-40 W. Take exit 2 toward Smith Ave/Chelsea Avenue. Continue on Coker Street. Turn right onto Chelsea Avenue.

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000

Tax Information:

  • Annual Amount: $1,037
  • 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

840 Chelsea Ave vs Memphis

13 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: #10170568

Listing Office:

  • Office Name: KAIZEN 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: 5/5/2024, 12:20:33 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

Feb 25, 2020Home Sold
$44,900
Jun 09, 2006Home Sold
$77,750

Tax History

YEARPROP. TAXASSESSMENT
2021$1,037$14,320
2020$1,912$26,400
2019$1,912$26,400
2018$1,085$26,400
2017$1,190$26,400

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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-6270813
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 5.28 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 $20,556. The most common annual income of people living in Memphis, TN is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38107›840 Chelsea Ave

This home is located at 840 Chelsea Ave in Memphis, TN and zip code 38107 in the New Chicago neighborhood. This home was built in 1920. It has been listed on Rocket Homes since April 21, 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. 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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