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1026 E Rainbow Dr; Memphis, TN Property Details

1026 E Rainbow Dr, Memphis, TN is a Single Family that was built in 1942. This property is currently Financed and is not for sale. Our records show that 1026 E Rainbow Dr has 4 bedrooms, and 3 bathrooms, and a total of 3,600 square feet. The lot size of 1026 E Rainbow Dr is 8,625 square feet.

Off market
1026 E Rainbow Dr Memphis, TN 38107
$295,000 Listing Price
4 Beds
3 Baths
3,600 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1942
  • Purchase Price: $295,000
  • Open Loans: 1
  • Gross Yield: 8.969%
  • APN: 04-1029-0-0183
  • Situs County: Shelby
  • Length Of Ownership: 2 years, 7 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 8

Structure

  • Stories: 1.25
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 3,600/SqFt
  • Lot: 8,625/SqFt
  • Gross: 3,684/SqFt
  • Garage: 500/SqFt
  • Living: 3,600/SqFt
  • Building: 3,600/SqFt
  • Ground: 1,908/SqFt
  • Garage Unfinished: 500/SqFt
  • Price Per Square Foot: $81.94

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: 35.165363 / -89.99392
  • Subdivision: Colonial Terrance
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Plus Four: 3110
  • Bathroom Fixtures: 9
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Detached Garage
  • Heating: Central

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

1026 E Rainbow Dr has no associated ownership info
1026 E Rainbow Dr has no associated ownership info.

Taxes

1026 E Rainbow Dr has 10 associated Taxes items

1026 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 $68,925. The APN we've located for 1026 E Rainbow Dr is 04-1029-0-0183.

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Taxes
  • Assessed Value:  $68,925
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1029-0-0183
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  1854.08
  • Tax Year:  2025
  • Market Value:  275700
  • Market Year:  2025

Tax History

1026 E Rainbow Dr has 11 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $68,925 Land Value $7,875 Improvement Value $61,050 Tax Amount $1,854.08 Change Rate +0.002157% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $54,575 Land Value $2,625 Improvement Value $51,950 Tax Amount $1,850.09 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $54,575 Land Value $2,625 Improvement Value $51,950 Tax Amount $1,850.09 Change Rate -0.443498% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $54,575 Land Value $2,625 Improvement Value $51,950 Tax Amount $3,324.5 Change Rate -0.011589% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $54,575 Land Value $2,625 Improvement Value $51,950 Tax Amount $3,363.48 Change Rate +0.190979% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $38,975 Land Value $2,625 Improvement Value $36,350 Tax Amount $2,824.13 Change Rate +1.267212% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $38,975 Land Value $2,625 Improvement Value $36,350 Tax Amount $1,245.64 Change Rate Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $38,975 Land Value $2,625 Improvement Value $36,350 Tax Amount $1,245.64 Change Rate -0.023073% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $38,975 Land Value $2,625 Improvement Value $36,350 Tax Amount $1,275.06 Change Rate +0.333396% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $28,125 Land Value Improvement Value Tax Amount $956.25 Change Rate -0.221966% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $28,125 Land Value Improvement Value Tax Amount $1,229.06 Change Rate Assessed CR Tax Rate +0.0437%