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1020 E Rainbow Dr; Memphis, TN Property Details

1020 E Rainbow Dr, Memphis, TN is a Single Family that was built in 2005. This property is currently Financed,New Construction and is not for sale. Our records show that 1020 E Rainbow Dr has 3 bedrooms, and 2.5 bathrooms, and a total of 2,050 square feet. The lot size of 1020 E Rainbow Dr is 6,975 square feet.

Off market
1020 E Rainbow Dr Memphis, TN 38107
$61,175 Estimated Value
3 Beds
2.5 Baths
2,050 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2005
  • Purchase Price: $149,000
  • Est. Equity / %: $292,000 / 100%
  • Gross Yield: 8.564%
  • APN: 04-1029-0-0184
  • Situs County: Shelby
  • Length Of Ownership: 16 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 5
  • Partial Bathrooms: 1

Structure

  • Stories: 1.5
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: A

Measurements

  • Total: 2,050/SqFt
  • Lot: 6,975/SqFt
  • Gross: 2,326/SqFt
  • Garage: 276/SqFt
  • Living: 2,050/SqFt
  • Building: 2,326/SqFt
  • Ground: 1,090/SqFt
  • Price Per Square Foot: $72.68

Legal Description

  • Description: ES RAINBOW DR E
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: 35.165176 / -89.99395
  • Subdivision: Colonial Terrance
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3110
  • Bathroom Fixtures: 10
  • 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

1020 E Rainbow Dr has no associated ownership info
1020 E Rainbow Dr has no associated ownership info.

Taxes

1020 E Rainbow Dr has 10 associated Taxes items

1020 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 $61,175. The APN we've located for 1020 E Rainbow Dr is 04-1029-0-0184.

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Taxes
  • Assessed Value:  $61,175
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1029-0-0184
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  1645.61
  • Tax Year:  2025
  • Market Value:  244700
  • Market Year:  2025

Tax History

1020 E Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $61,175 Land Value $7,875 Improvement Value $53,300 Tax Amount $1,645.61 Change Rate -0.078007% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $52,650 Land Value $2,350 Improvement Value $50,300 Tax Amount $1,784.84 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $52,650 Land Value $2,350 Improvement Value $50,300 Tax Amount $1,784.84 Change Rate -0.443498% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $52,650 Land Value $2,350 Improvement Value $50,300 Tax Amount $3,207.25 Change Rate -0.116842% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $58,925 Land Value $2,350 Improvement Value $56,575 Tax Amount $3,631.57 Change Rate +0.137111% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $44,075 Land Value $2,350 Improvement Value $41,725 Tax Amount $3,193.68 Change Rate +1.267192% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $44,075 Land Value $2,350 Improvement Value $41,725 Tax Amount $1,408.65 Change Rate +0.000007% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $44,075 Land Value $2,350 Improvement Value $41,725 Tax Amount $1,408.64 Change Rate -0.023074% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $44,075 Land Value $2,350 Improvement Value $41,725 Tax Amount $1,441.91 Change Rate +0.11237% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $38,125 Land Value Improvement Value Tax Amount $1,296.25 Change Rate -0.221967% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $38,125 Land Value Improvement Value Tax Amount $1,666.06 Change Rate +0.302077% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $1,279.54 Change Rate Assessed CR Tax Rate