14 days on rocket

509 Simpson Ave, Memphis, TN, 38106

$125,900

Home List Price

$1,495*

Closing Credit

8 Bedrooms
3 Full Baths
Townhouse
Schools Nearby

Location

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509 Simpson Ave, Memphis$125,900

Buyer Closing Credits

$1,495*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingDriveway/Pad
Year Built1942
HeatingCentral
CoolingCentral Air
WaterfrontOther
MLS #10172287
StatusActive

About 509 Simpson Ave

Great Opportunity for Investors with this Gem near Stax Museum and Lemoyne Owen College. This 2 story house could be used as a Rooming House or Housing for college students with 8 separate nice size rooms and 3 Full Bathrooms. Includes Eat in Kitchen area and Laundry Room. Maybe minor cosmetic work needed. Lot for sale next to property with same owner. House is occupied please do not disturb tenants. Owner / Agent

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1942
  • Stories: 2

Listing Office:

  • Office Name: RP Newman Realty LLC

Interior Features

Interior Information:

  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Other
  • Exterior: Porch

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Other

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: Take Saxon Ave to Mississippi Blvd Take E McLemore Ave to S Lauderdale St/Willie Mitchell Blvd Drive to Simpson Ave 509 Simpson Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,900

Tax Information:

  • Annual Amount: $786
  • 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

509 Simpson Ave vs Memphis

14 DAYS ON ROCKET

$125,900

-$69.7K Less

KEY TAKEAWAY

This property is $69.7K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10172287

Listing Office:

  • Office Name: RP Newman 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, 1:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 03, 2019Home Sold
$18,100
Jul 02, 2007Home Sold
$22,500

Tax History

YEARPROP. TAXASSESSMENT
2021$786$10,850
2020$793$10,950
2019$793$10,950
2018$450$10,950
2017$593$10,950

History based on county public records data.

Payment Calculator

$696

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$444

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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-3708915
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 7.63 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 $22,303. The most common annual income of people living in Memphis, TN is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 509 Simpson Ave

What is the listing price of this property?

The listing price of 509 Simpson Ave property is $125,900.

What type of property is this?

The property 509 Simpson Ave is a townhouse located in Memphis, Tennessee, 38106.

Is this property for sale now?

Active Listing: 509 Simpson Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 509 Simpson Ave 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 $786 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 3, 2019 for $18,100. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 509 Simpson Ave has 8 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 509 Simpson Ave is 1942.

Rocket Homes›Tennessee›Shelby County›Memphis›38106›509 Simpson Ave

This home is located at 509 Simpson Ave in Memphis, TN and zip code 38106 in the South Memphis neighborhood. This home was built in 1942. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $125,900.

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 number of listings 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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