256 Lucerne Pl, Memphis, TN, 38126

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

256 Lucerne Pl, Memphis$249,900

Buyer Closing Credits

$2,968^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad

Year Built2023

HeatingCentral

CoolingCentral Air

MLS #10170809

Lot Size0.14 Acres

StatusSale Pending
(Pending)

About 256 Lucerne Pl

Everything you want and more is in this brand new, new construction home for under $250,000! Located only 4 minutes away from the FedEx forum this home is close to downtown but far enough away from the noise!! Never lived in, this home features 2 bedrooms down and 2 up making it the perfect place for homeowners or investors!! Deals like this are hard to come by, don’t wait! Make your appointment today!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 2023
• Stories: 2

Listing Office:

• Office Name: Emmett Baird Realty, LLC

Interior Features

Interior Information:

• Appliances: Cooktop, Microwave
• Flooring Type: Wood Laminate Floors

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Exterior: Wood Fence

Parking Information:

• Parking: Driveway/Pad

Lot Features

Lot Information:

• Lot: Level
• Lot Size: 0.14 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

School Info

Assigned Schools Information:

• Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

• Directions: From exit 7 on 55 make a right and another right on Lucerne, home is on the left

Price Information

Listing Price Info

Price Summary:

• List Price: $249,900

Tax Information:

• Annual Amount: $63
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

256 Lucerne Pl vs Memphis

34 DAYS ON ROCKET

$249,900

+$54.2K More

KEY TAKEAWAY

This property is $54.2K more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #10170809

Listing Office:

• Office Name: Emmett Baird Realty, LLC

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 4:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$63	$875
2020	$63	$875
2019	$63	$875
2018	$36	$875
2017	$38	$875

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,315

Per Month

Principal & Interest

$1,248

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38126›256 Lucerne Pl

This home is located at 256 Lucerne Pl in Memphis, TN and zip code 38126 in the South Memphis neighborhood. This home, which was built in 2023, sits on a 0.14 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $249,900.

Over 75 listings were sold over their listed price in April 2024 in Memphis, TN. In the same period over 272 listings were sold below the listed price and 122 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between March 2024 and April 2024 increased by 13.1%.

From Rocket Homes Real Estate and based on county public records data.