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990 E Rainbow Dr; Memphis, TN Property Details

990 E Rainbow Dr, Memphis, TN is a Single Family that was built in 1942. This property is currently Financed and is not for sale. Our records show that 990 E Rainbow Dr has 3 bedrooms, and 2 bathrooms, and a total of 2,135 square feet. The lot size of 990 E Rainbow Dr is 6,500 square feet.

Off market
990 E Rainbow Dr Memphis, TN 38107
$110,800 Listing Price
3 Beds
2 Baths
2,135 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1942
  • Purchase Price: $110,800
  • Open Loans / Balance: 1 / $67,370
  • Est. Equity / %: $153,630 / 69.52%
  • Gross Yield: 11.652%
  • APN: 04-1029-0-0152
  • Situs County: Shelby
  • Length Of Ownership: 11 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 7

Structure

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

Measurements

  • Total: 2,135/SqFt
  • Lot: 6,500/SqFt
  • Gross: 2,135/SqFt
  • Living: 2,135/SqFt
  • Building: 2,135/SqFt
  • Ground: 1,225/SqFt
  • Price Per Square Foot: $51.90

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: 35.164375 / -89.99398
  • Subdivision: Colonial Terrace
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3110
  • Bathroom Fixtures: 6
  • 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

990 E Rainbow Dr has no associated ownership info
990 E Rainbow Dr has no associated ownership info.

Taxes

990 E Rainbow Dr has 10 associated Taxes items

990 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 $45,975. The APN we've located for 990 E Rainbow Dr is 04-1029-0-0152.

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Taxes
  • Assessed Value:  $45,975
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1029-0-0152
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  1236.73
  • Tax Year:  2025
  • Market Value:  183900
  • Market Year:  2025

Tax History

990 E Rainbow Dr has 11 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $45,975 Land Value $7,875 Improvement Value $38,100 Tax Amount $1,236.73 Change Rate -0.103091% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $40,675 Land Value $2,275 Improvement Value $38,400 Tax Amount $1,378.88 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $40,675 Land Value $2,275 Improvement Value $38,400 Tax Amount $1,378.88 Change Rate -0.4435% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $40,675 Land Value $2,275 Improvement Value $38,400 Tax Amount $2,477.77 Change Rate -0.011588% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $40,675 Land Value $2,275 Improvement Value $38,400 Tax Amount $2,506.82 Change Rate +0.192968% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $29,000 Land Value $2,275 Improvement Value $26,725 Tax Amount $2,101.33 Change Rate +1.267223% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $29,000 Land Value $2,275 Improvement Value $26,725 Tax Amount $926.83 Change Rate -0.000011% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $29,000 Land Value $2,275 Improvement Value $26,725 Tax Amount $926.84 Change Rate -0.023073% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $29,000 Land Value $2,275 Improvement Value $26,725 Tax Amount $948.73 Change Rate +0.202751% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $23,200 Land Value Improvement Value Tax Amount $788.8 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $23,200 Land Value Improvement Value Tax Amount $1,013.84 Change Rate Assessed CR Tax Rate +0.0437%