Taxes
- Assessed Value: $67,575
- Assessed Year: 2025
- Assessed County: Shelby
- APN: 04-1029-0-0150
- Assessed Land Value: 7875
- Market Land Value: 31500
- Tax Amount: 1817.77
- Tax Year: 2025
- Market Value: 270300
- Market Year: 2025
978 E Rainbow Dr; Memphis, TN Property Details
Off market
978 E Rainbow Dr Memphis, TN 38107
$235,000 Listing Price
3 Beds
1.5 Baths
3,037 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1940
- Purchase Price: $235,000
- Open Loans / Balance: 2 / $209,040
- Est. Equity / %: $94,960 / 31.24%
- Gross Yield: 9.837%
- APN: 04-1029-0-0150
- Situs County: Shelby
- Length Of Ownership: 6 years, 2 months
Rooms
- Bedrooms: 3
- Bathrooms: 1.5
- Full Bathrooms: 1
- Total Rooms: 6
- Partial Bathrooms: 1
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: 3,037/SqFt
- Lot: 9,796/SqFt
- Gross: 3,377/SqFt
- Garage: 228/SqFt
- Living: 3,037/SqFt
- Building: 3,265/SqFt
- Ground: 1,665/SqFt
- Price Per Square Foot: $77.38
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: 35.163998 / -89.99391
- Subdivision: Colonial Terrace
- Property Class: Residential
- Zoning: R-6
- County Use Code: 062
Amenities
- Heating Fuel Type: Gas
- Plus Four: 3110
- Bathroom Fixtures: 5
- 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
978 E Rainbow Dr has no associated ownership info
978 E Rainbow Dr has no associated ownership info.
Taxes
978 E Rainbow Dr has 10 associated Taxes items
978 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 $67,575. The APN we've located for 978 E Rainbow Dr is 04-1029-0-0150.
Unlock the full reportTax History
978 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 $67,575 | Land Value $7,875 | Improvement Value $59,700 | Tax Amount $1,817.77 | Change Rate -0.035149% | Assessed CR | Tax Rate +0.0269% |
| Year 2024 | Assessed Value | Land Value | Improvement Value | Tax Amount $1,883.99 | Change Rate | Assessed CR | Tax Rate |
| Year 2023 | Assessed Value $55,575 | Land Value $2,825 | Improvement Value $52,750 | Tax Amount $1,883.99 | Change Rate -0.443501% | Assessed CR | Tax Rate +0.0339% |
| Year 2022 | Assessed Value $55,575 | Land Value $2,825 | Improvement Value $52,750 | Tax Amount $3,385.43 | Change Rate -0.011588% | Assessed CR | Tax Rate +0.060916% |
| Year 2021 | Assessed Value $55,575 | Land Value $2,825 | Improvement Value $52,750 | Tax Amount $3,425.12 | Change Rate +2.620596% | Assessed CR | Tax Rate +0.061631% |
| Year 2020 | Assessed Value $29,600 | Land Value $2,825 | Improvement Value $26,775 | Tax Amount $946.01 | Change Rate +0.000011% | Assessed CR | Tax Rate +0.03196% |
| Year 2019 | Assessed Value $29,600 | Land Value $2,825 | Improvement Value $26,775 | Tax Amount $946 | Change Rate -0.000011% | Assessed CR | Tax Rate +0.031959% |
| Year 2018 | Assessed Value $29,600 | Land Value $2,825 | Improvement Value $26,775 | Tax Amount $946.01 | Change Rate -0.02308% | Assessed CR | Tax Rate +0.03196% |
| Year 2017 | Assessed Value $29,600 | Land Value $2,825 | Improvement Value $26,775 | Tax Amount $968.36 | Change Rate +0.199207% | Assessed CR | Tax Rate +0.032715% |
| Year 2016 | Assessed Value $23,750 | Land Value | Improvement Value | Tax Amount $807.5 | Change Rate -0.221972% | Assessed CR | Tax Rate +0.034% |
| Year 2014 | Assessed Value $23,750 | Land Value | Improvement Value | Tax Amount $1,037.88 | Change Rate +0.34074% | Assessed CR | Tax Rate +0.0437% |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $774.11 | Change Rate | Assessed CR | Tax Rate |