Taxes
- Assessed Value: $46,250
- Assessed Year: 2025
- Assessed County: Shelby
- APN: 04-1027-0-0002
- Assessed Land Value: 7875
- Market Land Value: 31500
- Tax Amount: 1160.33
- Tax Year: 2025
- Market Value: 185000
- Market Year: 2025
1861 N Rainbow Dr; Memphis, TN Property Details
Off market
1861 N Rainbow Dr Memphis, TN 38107
$46,250 Estimated Value
3 Beds
2 Baths
2,440 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1942
- Purchase Price: $125,000
- Open Loans / Balance: 1 / $43,145
- Est. Equity / %: $196,855 / 82.02%
- Gross Yield: 8.025%
- APN: 04-1027-0-0002
- Situs County: Shelby
- Length Of Ownership: 26 years, 1 months
Rooms
- Bedrooms: 3
- Bathrooms: 2
- Full Bathrooms: 2
- Total Rooms: 9
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: 2,440/SqFt
- Lot: 7,500/SqFt
- Gross: 2,649/SqFt
- Garage: 209/SqFt
- Living: 2,440/SqFt
- Building: 2,649/SqFt
- Ground: 1,288/SqFt
- Price Per Square Foot: $51.23
Legal Description
- Description: SS NORTH 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: 35.16549 / -89.99516
- Subdivision: Colonial Terrace
- Property Class: Residential
- Zoning: R-6
- County Use Code: 062
Amenities
- Heating Fuel Type: Gas
- Plus Four: 3112
- Bathroom Fixtures: 6
- 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
1861 N Rainbow Dr has no associated ownership info
1861 N Rainbow Dr has no associated ownership info.
Taxes
1861 N Rainbow Dr has 10 associated Taxes items
1861 N 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 $46,250. The APN we've located for 1861 N Rainbow Dr is 04-1027-0-0002.
Unlock the full reportTax History
1861 N 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 $46,250 | Land Value $7,875 | Improvement Value $38,375 | Tax Amount $1,160.33 | Change Rate | Assessed CR | Tax Rate +0.025088% |
| Year 2024 | Assessed Value $40,075 | Land Value $2,425 | Improvement Value $37,650 | Tax Amount $1,160.33 | Change Rate | Assessed CR | Tax Rate +0.028954% |
| Year 2023 | Assessed Value $40,075 | Land Value $2,425 | Improvement Value $37,650 | Tax Amount $1,160.33 | Change Rate -0.489781% | Assessed CR | Tax Rate +0.028954% |
| Year 2022 | Assessed Value $40,075 | Land Value $2,425 | Improvement Value $37,650 | Tax Amount $2,274.18 | Change Rate +0.095462% | Assessed CR | Tax Rate +0.056748% |
| Year 2021 | Assessed Value $40,075 | Land Value $2,425 | Improvement Value $37,650 | Tax Amount $2,076 | Change Rate +0.00001% | Assessed CR | Tax Rate +0.051803% |
| Year 2020 | Assessed Value $28,650 | Land Value $2,425 | Improvement Value $26,225 | Tax Amount $2,075.98 | Change Rate +1.26722% | Assessed CR | Tax Rate +0.07246% |
| Year 2019 | Assessed Value $28,650 | Land Value $2,425 | Improvement Value $26,225 | Tax Amount $915.65 | Change Rate | Assessed CR | Tax Rate +0.03196% |
| Year 2018 | Assessed Value $28,650 | Land Value $2,425 | Improvement Value $26,225 | Tax Amount $915.65 | Change Rate -0.023077% | Assessed CR | Tax Rate +0.03196% |
| Year 2017 | Assessed Value $28,650 | Land Value $2,425 | Improvement Value $26,225 | Tax Amount $937.28 | Change Rate +0.201179% | Assessed CR | Tax Rate +0.032715% |
| Year 2016 | Assessed Value $22,950 | Land Value | Improvement Value | Tax Amount $780.3 | Change Rate -0.221972% | Assessed CR | Tax Rate +0.034% |
| Year 2014 | Assessed Value $22,950 | Land Value | Improvement Value | Tax Amount $1,002.92 | Change Rate +0.341161% | Assessed CR | Tax Rate +0.0437% |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $747.8 | Change Rate | Assessed CR | Tax Rate |