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1869 S Rainbow Dr; Memphis, TN Property Details

1869 S 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 1869 S Rainbow Dr has 4 bedrooms, and 2 bathrooms, and a total of 2,920 square feet. The lot size of 1869 S Rainbow Dr is 7,800 square feet.

Off market
1869 S Rainbow Dr Memphis, TN 38107
$299,900 Listing Price
4 Beds
2 Baths
2,920 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1940
  • Purchase Price: $126,000
  • Open Loans / Balance: 2 / $88,799
  • Est. Equity / %: $187,201 / 67.83%
  • Gross Yield: 8.043%
  • APN: 04-1029-0-0144
  • Situs County: Shelby
  • Length Of Ownership: 16 years, 8 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 9

Structure

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

Measurements

  • Total: 2,920/SqFt
  • Lot: 7,800/SqFt
  • Gross: 3,160/SqFt
  • Garage: 240/SqFt
  • Living: 2,920/SqFt
  • Building: 3,160/SqFt
  • Ground: 1,760/SqFt
  • Price Per Square Foot: $43.15

Legal Description

  • Description: SS SOUTH 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: 35.16379 / -89.99522
  • Subdivision: Colonial Terrace
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3114
  • 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

1869 S Rainbow Dr has no associated ownership info
1869 S Rainbow Dr has no associated ownership info.

Taxes

1869 S Rainbow Dr has 10 associated Taxes items

1869 S 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 $53,275. The APN we've located for 1869 S Rainbow Dr is 04-1029-0-0144.

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Taxes
  • Assessed Value:  $53,275
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1029-0-0144
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  1433.1
  • Tax Year:  2025
  • Market Value:  213100
  • Market Year:  2025

Tax History

1869 S Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $53,275 Land Value $7,875 Improvement Value $45,400 Tax Amount $1,433.1 Change Rate -0.071917% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $45,550 Land Value $2,500 Improvement Value $43,050 Tax Amount $1,544.15 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $45,550 Land Value $2,500 Improvement Value $43,050 Tax Amount $1,544.15 Change Rate -0.443497% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $45,550 Land Value $2,500 Improvement Value $43,050 Tax Amount $2,774.74 Change Rate -0.011588% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $45,550 Land Value $2,500 Improvement Value $43,050 Tax Amount $2,807.27 Change Rate +0.188418% Assessed CR Tax Rate +0.061631%
Year 2020 Assessed Value $32,600 Land Value $2,500 Improvement Value $30,100 Tax Amount $2,362.19 Change Rate +1.267238% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $32,600 Land Value $2,500 Improvement Value $30,100 Tax Amount $1,041.88 Change Rate -0.00001% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $32,600 Land Value $2,500 Improvement Value $30,100 Tax Amount $1,041.89 Change Rate -0.023085% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $32,600 Land Value $2,500 Improvement Value $30,100 Tax Amount $1,066.51 Change Rate +0.2053% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $26,025 Land Value Improvement Value Tax Amount $884.85 Change Rate -0.221966% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $26,025 Land Value Improvement Value Tax Amount $1,137.29 Change Rate +0.33947% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $849.06 Change Rate Assessed CR Tax Rate