Large Location Icon

1890 S Rainbow Dr; Memphis, TN Property Details

1890 S Rainbow Dr, Memphis, TN is a Single Family that was built in 1950. This property is currently Financed and is not for sale. Our records show that 1890 S Rainbow Dr has 4 bedrooms, and 3 bathrooms, and a total of 3,023 square feet. The lot size of 1890 S Rainbow Dr is 10,375 square feet.

Off market
1890 S Rainbow Dr Memphis, TN 38107
$35,050 Listing Price
4 Beds
3 Baths
3,023 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1950
  • Purchase Price: $140,000
  • Open Loans / Balance: 1 / $98,247
  • Est. Equity / %: $202,753 / 67.36%
  • Gross Yield: 9.301%
  • APN: 04-1028-0-0007
  • Situs County: Shelby
  • Length Of Ownership: 10 years, 9 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 7

Structure

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

Measurements

  • Total: 3,023/SqFt
  • Lot: 10,375/SqFt
  • Gross: 3,023/SqFt
  • Garage: 253/SqFt
  • Living: 3,023/SqFt
  • Building: 3,023/SqFt
  • Ground: 1,863/SqFt
  • Price Per Square Foot: $46.31

Legal Description

  • Description: NSS RAINBOW DR COR E RAINBOW DR NW
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: 35.16421 / -89.99449
  • Subdivision: Colonial Terrace
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3113
  • Bathroom Fixtures: 10
  • Cooling: Central
  • Fireplaces: 1
  • Garage: 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

1890 S Rainbow Dr has no associated ownership info
1890 S Rainbow Dr has no associated ownership info.

Taxes

1890 S Rainbow Dr has 10 associated Taxes items

1890 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 $69,375. The APN we've located for 1890 S Rainbow Dr is 04-1028-0-0007.

Unlock the full report
Taxes
  • Assessed Value:  $69,375
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1028-0-0007
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  1866.19
  • Tax Year:  2025
  • Market Value:  277500
  • Market Year:  2025

Tax History

1890 S Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $69,375 Land Value $7,875 Improvement Value $61,500 Tax Amount $1,866.19 Change Rate -0.010787% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,886.54 Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $55,650 Land Value $2,925 Improvement Value $52,725 Tax Amount $1,886.54 Change Rate -0.4435% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $55,650 Land Value $2,925 Improvement Value $52,725 Tax Amount $3,390.01 Change Rate -0.011587% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $55,650 Land Value $2,925 Improvement Value $52,725 Tax Amount $3,429.75 Change Rate +0.122962% Assessed CR Tax Rate +0.061631%
Year 2020 Assessed Value $42,150 Land Value $2,925 Improvement Value $39,225 Tax Amount $3,054.2 Change Rate +1.267207% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $42,150 Land Value $2,925 Improvement Value $39,225 Tax Amount $1,347.12 Change Rate +0.15719% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $36,425 Land Value $2,925 Improvement Value $33,500 Tax Amount $1,164.13 Change Rate -0.023086% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $36,425 Land Value $2,925 Improvement Value $33,500 Tax Amount $1,191.64 Change Rate +0.365072% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $25,675 Land Value Improvement Value Tax Amount $872.95 Change Rate -0.22197% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $25,675 Land Value Improvement Value Tax Amount $1,122 Change Rate +0.299514% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $863.4 Change Rate Assessed CR Tax Rate