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1874 N Rainbow Dr; Memphis, TN Property Details

1874 N 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 1874 N Rainbow Dr has 3 bedrooms, and 3 bathrooms, and a total of 3,106 square feet. The lot size of 1874 N Rainbow Dr is 15,360 square feet.

Off market
1874 N Rainbow Dr Memphis, TN 38107
$63,200 Estimated Value
3 Beds
3 Baths
3,106 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1940
  • Purchase Price: $176,000
  • Open Loans / Balance: 1 / $4,950
  • Est. Equity / %: $283,050 / 98.28%
  • Gross Yield: 8.596%
  • APN: 04-1029-0-0163
  • Situs County: Shelby
  • Length Of Ownership: 29 years

Rooms

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

Structure

  • Stories: 1.75
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D
  • Roof Type: Gable
  • Pool Type: Yes
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 3,106/SqFt
  • Lot: 15,360/SqFt
  • Gross: 3,106/SqFt
  • Garage: 336/SqFt
  • Living: 3,106/SqFt
  • Building: 3,106/SqFt
  • Ground: 1,866/SqFt
  • Garage Unfinished: 336/SqFt
  • Price Per Square Foot: $56.66

Legal Description

  • Description: PTS 93 & 94 GREENBRIER S/D NS 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: 35.166138 / -89.99465
  • Subdivision: Colonial Terrace
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Pool: true
  • Plus Four: 3111
  • 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

1874 N Rainbow Dr has no associated ownership info
1874 N Rainbow Dr has no associated ownership info.

Taxes

1874 N Rainbow Dr has 10 associated Taxes items

1874 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 $63,200. The APN we've located for 1874 N Rainbow Dr is 04-1029-0-0163.

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Taxes
  • Assessed Value:  $63,200
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1029-0-0163
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  1700.08
  • Tax Year:  2025
  • Market Value:  252800
  • Market Year:  2025

Tax History

1874 N Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $63,200 Land Value $7,875 Improvement Value $55,325 Tax Amount $1,700.08 Change Rate -0.042484% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $52,375 Land Value $3,750 Improvement Value $48,625 Tax Amount $1,775.51 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $52,375 Land Value $3,750 Improvement Value $48,625 Tax Amount $1,775.51 Change Rate -0.443499% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $52,375 Land Value $3,750 Improvement Value $48,625 Tax Amount $3,190.49 Change Rate -0.01159% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $52,375 Land Value $3,750 Improvement Value $48,625 Tax Amount $3,227.9 Change Rate +0.16084% Assessed CR Tax Rate +0.061631%
Year 2020 Assessed Value $38,375 Land Value $3,750 Improvement Value $34,625 Tax Amount $2,780.66 Change Rate +1.267206% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $38,375 Land Value $3,750 Improvement Value $34,625 Tax Amount $1,226.47 Change Rate +0.000008% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $38,375 Land Value $3,750 Improvement Value $34,625 Tax Amount $1,226.46 Change Rate -0.023076% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $38,375 Land Value $3,750 Improvement Value $34,625 Tax Amount $1,255.43 Change Rate +0.125744% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $32,800 Land Value Improvement Value Tax Amount $1,115.2 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $32,800 Land Value Improvement Value Tax Amount $1,433.36 Change Rate +0.35897% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $1,054.74 Change Rate Assessed CR Tax Rate