Taxes
- Assessed Value: $55,125
- Assessed Year: 2025
- Assessed County: Shelby
- APN: 04-1029-0-0149
- Assessed Land Value: 7875
- Market Land Value: 31500
- Tax Amount: 1482.86
- Tax Year: 2025
- Market Value: 220500
- Market Year: 2025
970 E Rainbow Dr; Memphis, TN Property Details
Off market
970 E Rainbow Dr Memphis, TN 38107
$225,000 Listing Price
2 Beds
1 Baths
1,612 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1942
- Purchase Price: $226,000
- Open Loans / Balance: 1 / $164,329
- Est. Equity / %: $76,671 / 31.81%
- Gross Yield: 11.512%
- APN: 04-1029-0-0149
- Situs County: Shelby
- Length Of Ownership: 2 years, 9 months
Rooms
- Bedrooms: 2
- Bathrooms: 1
- Full Bathrooms: 1
- Total Rooms: 5
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: 1,612/SqFt
- Lot: 11,900/SqFt
- Gross: 3,224/SqFt
- Living: 1,612/SqFt
- Building: 3,224/SqFt
- Ground: 1,612/SqFt
- Price Per Square Foot: $140.20
Legal Description
- Description: ES EAST 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: 35.163803 / -89.99396
- Subdivision: Colonial Terrace
- Property Class: Residential
- Zoning: R-6
- County Use Code: 062
Amenities
- Heating Fuel Type: Gas
- Plus Four: 3110
- Bathroom Fixtures: 3
- Cooling: Central
- Fireplaces: 1
- 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
970 E Rainbow Dr has no associated ownership info
970 E Rainbow Dr has no associated ownership info.
Taxes
970 E Rainbow Dr has 10 associated Taxes items
970 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 $55,125. The APN we've located for 970 E Rainbow Dr is 04-1029-0-0149.
Unlock the full reportTax History
970 E 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 $55,125 | Land Value $7,875 | Improvement Value $47,250 | Tax Amount $1,482.86 | Change Rate +0.086758% | Assessed CR | Tax Rate +0.0269% |
| Year 2024 | Assessed Value $40,250 | Land Value $1,750 | Improvement Value $38,500 | Tax Amount $1,364.48 | Change Rate -0.443499% | Assessed CR | Tax Rate +0.0339% |
| Year 2023 | Assessed Value $40,250 | Land Value $1,750 | Improvement Value $38,500 | Tax Amount $2,451.89 | Change Rate | Assessed CR | Tax Rate +0.060917% |
| Year 2022 | Assessed Value $40,250 | Land Value $1,750 | Improvement Value $38,500 | Tax Amount $2,451.89 | Change Rate -0.01159% | Assessed CR | Tax Rate +0.060917% |
| Year 2021 | Assessed Value $40,250 | Land Value $1,750 | Improvement Value $38,500 | Tax Amount $2,480.64 | Change Rate -0.063351% | Assessed CR | Tax Rate +0.061631% |
| Year 2020 | Assessed Value $36,550 | Land Value $1,750 | Improvement Value $34,800 | Tax Amount $2,648.42 | Change Rate +1.267192% | Assessed CR | Tax Rate +0.07246% |
| Year 2019 | Assessed Value $36,550 | Land Value $1,750 | Improvement Value $34,800 | Tax Amount $1,168.15 | Change Rate +0.193488% | Assessed CR | Tax Rate +0.03196% |
| Year 2018 | Assessed Value $30,625 | Land Value $1,750 | Improvement Value $28,875 | Tax Amount $978.77 | Change Rate -0.023076% | Assessed CR | Tax Rate +0.03196% |
| Year 2017 | Assessed Value $30,625 | Land Value $1,750 | Improvement Value $28,875 | Tax Amount $1,001.89 | Change Rate +0.184631% | Assessed CR | Tax Rate +0.032715% |
| Year 2016 | Assessed Value $24,875 | Land Value | Improvement Value | Tax Amount $845.74 | Change Rate -0.221979% | Assessed CR | Tax Rate +0.034% |
| Year 2014 | Assessed Value $24,875 | Land Value | Improvement Value | Tax Amount $1,087.04 | Change Rate +0.293664% | Assessed CR | Tax Rate +0.0437% |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $840.28 | Change Rate | Assessed CR | Tax Rate |