Taxes
- Assessed Value: $55,400
- Assessed Year: 2025
- Assessed County: Shelby
- APN: 04-1029-0-0155
- Assessed Land Value: 7875
- Market Land Value: 31500
- Tax Amount: 1490.26
- Tax Year: 2025
- Market Value: 221600
- Market Year: 2025
1008 E Rainbow Dr; Memphis, TN Property Details
Off market
1008 E Rainbow Dr Memphis, TN 38107
$55,400 Estimated Value
2 Beds
1 Baths
2,738 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1940
- Purchase Price: $75,000
- Open Loans / Balance: 1 / $5,540
- Est. Equity / %: $240,460 / 97.75%
- Gross Yield: 11.337%
- APN: 04-1029-0-0155
- Situs County: Shelby
- Length Of Ownership: 30 years, 6 months
Rooms
- Bedrooms: 2
- Bathrooms: 1
- Full Bathrooms: 1
- Total Rooms: 7
Structure
- Stories: 1.5
- Exterior Wall Type: Brick veneer
- Building Condition: Average
- Building Quality: D
- Roof Type: Gable
- Roof Cover Type: Composition Shingle
Measurements
- Total: 2,738/SqFt
- Lot: 7,500/SqFt
- Gross: 2,738/SqFt
- Garage: 330/SqFt
- Living: 2,738/SqFt
- Building: 2,738/SqFt
- Ground: 1,550/SqFt
- Price Per Square Foot: $27.39
Legal Description
- Description: ES EAST RAINBOW DRIVE
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Shelby County School District
- Lat / Lon: 35.164864 / -89.99395
- Subdivision: Colonial Terrace
- Property Class: Residential
- Zoning: R-6
- County Use Code: 062
Amenities
- Heating Fuel Type: Gas
- Plus Four: 3110
- Bathroom Fixtures: 3
- Cooling: Central
- Fireplaces: 1
- Garage: Attached Garage
- Heating: Central
- Parking: 1
HOA
- H O A One: $25
- H O A Amount: $25
- H O A One Name: Colonnial Terrace Association
- H O A One Type: Home Owner Association
Ownership Info
1008 E Rainbow Dr has no associated ownership info
1008 E Rainbow Dr has no associated ownership info.
Taxes
1008 E Rainbow Dr has 10 associated Taxes items
1008 E Rainbow Dr, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $55,400. The APN we've located for 1008 E Rainbow Dr is 04-1029-0-0155.
Unlock the full reportTax History
1008 E Rainbow Dr has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $55,400 | Land Value $7,875 | Improvement Value $47,525 | Tax Amount $1,490.26 | Change Rate +0.046678% | Assessed CR | Tax Rate +0.0269% |
| Year 2024 | Assessed Value $42,000 | Land Value $2,425 | Improvement Value $39,575 | Tax Amount $1,423.8 | Change Rate | Assessed CR | Tax Rate +0.0339% |
| Year 2023 | Assessed Value $42,000 | Land Value $2,425 | Improvement Value $39,575 | Tax Amount $1,423.8 | Change Rate -0.443498% | Assessed CR | Tax Rate +0.0339% |
| Year 2022 | Assessed Value $42,000 | Land Value $2,425 | Improvement Value $39,575 | Tax Amount $2,558.48 | Change Rate -0.01159% | Assessed CR | Tax Rate +0.060916% |
| Year 2021 | Assessed Value $42,000 | Land Value $2,425 | Improvement Value $39,575 | Tax Amount $2,588.48 | Change Rate +0.188778% | Assessed CR | Tax Rate +0.06163% |
| Year 2020 | Assessed Value $30,050 | Land Value $2,425 | Improvement Value $27,625 | Tax Amount $2,177.43 | Change Rate +1.267212% | Assessed CR | Tax Rate +0.07246% |
| Year 2019 | Assessed Value $30,050 | Land Value $2,425 | Improvement Value $27,625 | Tax Amount $960.4 | Change Rate | Assessed CR | Tax Rate +0.03196% |
| Year 2018 | Assessed Value $30,050 | Land Value $2,425 | Improvement Value $27,625 | Tax Amount $960.4 | Change Rate -0.02307% | Assessed CR | Tax Rate +0.03196% |
| Year 2017 | Assessed Value $30,050 | Land Value $2,425 | Improvement Value $27,625 | Tax Amount $983.08 | Change Rate +0.203501% | Assessed CR | Tax Rate +0.032715% |
| Year 2016 | Assessed Value $24,025 | Land Value | Improvement Value | Tax Amount $816.85 | Change Rate -0.221966% | Assessed CR | Tax Rate +0.034% |
| Year 2014 | Assessed Value $24,025 | Land Value | Improvement Value | Tax Amount $1,049.89 | Change Rate +0.341078% | Assessed CR | Tax Rate +0.0437% |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $782.87 | Change Rate | Assessed CR | Tax Rate |