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1014 E Rainbow Dr; Memphis, TN Property Details

1014 E Rainbow Dr, Memphis, TN is a Single Family that was built in 1940. This property is currently Financed and is not for sale. Our records show that 1014 E Rainbow Dr has 3 bedrooms, and 1.5 bathrooms, and a total of 2,439 square feet. The lot size of 1014 E Rainbow Dr is 7,800 square feet.

Off market
1014 E Rainbow Dr Memphis, TN 38107
$293,000 Listing Price
3 Beds
1.5 Baths
2,439 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1940
  • Purchase Price: $293,000
  • Open Loans / Balance: 1 / $299,664
  • Est. Equity / %: $2,336 / 0.77%
  • Gross Yield: 10.55%
  • APN: 04-1029-0-0156
  • Situs County: Shelby
  • Length Of Ownership: 1 year, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Stories: 1.5
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle
  • Deck: true

Measurements

  • Total: 2,439/SqFt
  • Lot: 7,800/SqFt
  • Gross: 2,629/SqFt
  • Garage: 190/SqFt
  • Living: 2,439/SqFt
  • Building: 2,629/SqFt
  • Ground: 1,487/SqFt
  • Price Per Square Foot: $120.13

Legal Description

  • Description: ES EAST RAINBOW DR
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: 35.16504 / -89.993935
  • Subdivision: Colonial Terrace
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3110
  • Bathroom Fixtures: 5
  • Cooling: Window\Unit
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 5

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

1014 E Rainbow Dr has no associated ownership info
1014 E Rainbow Dr has no associated ownership info.

Taxes

1014 E Rainbow Dr has 10 associated Taxes items

1014 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 $65,600. The APN we've located for 1014 E Rainbow Dr is 04-1029-0-0156.

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Taxes
  • Assessed Value:  $65,600
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1029-0-0156
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  1764.64
  • Tax Year:  2025
  • Market Value:  262400
  • Market Year:  2025

Tax History

1014 E Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $65,600 Land Value $7,875 Improvement Value $57,725 Tax Amount $1,764.64 Change Rate +0.50663% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,171.25 Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $34,550 Land Value $2,500 Improvement Value $32,050 Tax Amount $1,171.25 Change Rate -0.443499% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $34,550 Land Value $2,500 Improvement Value $32,050 Tax Amount $2,104.67 Change Rate -0.011586% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $34,550 Land Value $2,500 Improvement Value $32,050 Tax Amount $2,129.34 Change Rate +0.183749% Assessed CR Tax Rate +0.061631%
Year 2020 Assessed Value $24,825 Land Value $2,500 Improvement Value $22,325 Tax Amount $1,798.81 Change Rate +1.267188% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $24,825 Land Value $2,500 Improvement Value $22,325 Tax Amount $793.41 Change Rate +0.000013% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $24,825 Land Value $2,500 Improvement Value $22,325 Tax Amount $793.4 Change Rate -0.023087% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $24,825 Land Value $2,500 Improvement Value $22,325 Tax Amount $812.15 Change Rate +0.195833% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $19,975 Land Value Improvement Value Tax Amount $679.15 Change Rate -0.22197% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $19,975 Land Value Improvement Value Tax Amount $872.91 Change Rate +0.15014% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $758.96 Change Rate Assessed CR Tax Rate