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Sale Pending

2965 Lotus Rd, Memphis, TN, 38109

$55,800

Home List Price

$663*

Closing Credit

1 Bedroom
1 Full Bath
House
Schools Nearby

Location

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2965 Lotus Rd, Memphis$55,800

Buyer Closing Credits

$663*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Storage Room(s), On-Street Parking
Year Built1933
HeatingCentral, Electric
CoolingWindow Unit(s), Ceiling Fan(s)
BasementYes
ViewOther
MLS #10170839
Lot Size0.60 Acres
StatusSale Pending
(Pending)

About 2965 Lotus Rd

INVESTOR SPECIAL!! Cute 1BR/1BA home located in Southwest Memphis area off of Lotus Rd new U.S. 61 South. This quaint home has Primary Bedroom, shared Bathroom, Kitchen, Living Room and a small Sunroom off of the rear of the home with it's own small storage area as well. Lot is 0.6 Acres with a larger front yard and a smaller back yard. It is close to shopping and restaurants off of U.S. 61 as well. Home would be a great investment for those looking to buy more properties or 1st time homebuyer.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, Bungalow
  • Year Built: 1933
  • Stories: 1

Listing Office:

  • Office Name: BHHS Taliesyn Realty

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Washer, Dryer
  • Basement: Yes
  • Flooring Type: Wood Laminate Floors, Tile, Vinyl/Luxury Vinyl Floor, Sprayed Ceiling, Textured Ceiling
  • Interior: All Window Treatments, Pull Down Attic Stairs, Smoke Detector(s), Vent Hood/Exhaust Fan

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Wrought Iron Security Drs, Porch

Parking Information:

  • Parking: Driveway/Pad, Storage Room(s), On-Street Parking

Lot Features

Lot Information:

  • Lot: Few Trees, Level, Landscaped
  • Lot Size: 0.60 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Window Unit(s), Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: Take I-240 or I-55 towards U.S. 61 South. Exit U.S. 61 South towards Wall, MS. Turn right onto E. Peebles Rd and head west until you reach Lotus Road. Turn right onto Lotus Road. House is on the left side of the road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $55,800

Tax Information:

  • Annual Amount: $293
  • Tax Year: 2021
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Housing Market Comparison

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

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Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

2965 Lotus Rd vs Memphis

34 DAYS ON ROCKET

$55,800

-$139.8K Less

KEY TAKEAWAY

This property is $139.8K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10170839

Listing Office:

  • Office Name: BHHS Taliesyn Realty

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, 8:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$293$4,050
2020$456$6,300
2019$456$6,300
2018$259$6,300
2017$275$6,300

History based on county public records data.

Payment Calculator

$346

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$234

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-3939795
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 10.67 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,458. Residents of Memphis, TN typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2965 Lotus Rd

What is the listing price of this property?

The listing price of 2965 Lotus Rd property is $55,800.

What type of property is this?

The property 2965 Lotus Rd is a house located in Memphis, Tennessee, 38109.

Is this property for sale now?

Sale Pending: 2965 Lotus Rd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 2965 Lotus Rd are:
Memphis Virtual School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $293 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2965 Lotus Rd has 1 bedroom and 1 bathroom.

Which year was this property built?

The year of construction for 2965 Lotus Rd is 1933.

Rocket Homes›Tennessee›Shelby County›Memphis›38109›2965 Lotus Rd

This home is located at 2965 Lotus Rd in Memphis, TN and zip code 38109. This home, which was built in 1933, sits on a 0.60 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $55,800.

In April 2024 more than 75 listings in Memphis, TN were sold above the asking price. During the same period more than 122 listings were sold at asking price, while more than 272 were sold below. The number of homes for sale in Memphis, TN increased by 13.1% between March 2024 and April 2024.

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

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