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Sold on 07/15/2020

978 E Rainbow Dr, Memphis, TN 38107

$283,000

Last sold 07/15/2020 for $235K

  • 3

    bed

  • 2

    bath

  • 2,008

    Sqft ($117/Sqft)

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About 978 E Rainbow Dr

Property type House
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 9,583 Sqft
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
WOW! a Chance to get on Historic "sought after" Rainbow Drive! A FAB Remodel throughout w/Cust. Modern & Vintage Wdwork. NEW: Granite Kit,WhiteCabinetry,SS Appls,Gas Stove,Under Cab. Designer Bksplsh & Renovated Classic Baths! NEW: 30-yr Roof, all HVAC, Ducts & Sep.Ductless Split HVAC in NEW Flex 4th Br/BONUS up w/2 Window Seats! Enjoy 9ft SMOOTH Ceilings, 3BRs dwn & 1.5 BA w/Lrg DinRm w/Corner Built-ins, Cozy Beadboard Ceiling SunRm. Lndry & Wkshp area in attached 1-Car Gar. New Prof. Landscap.
Listed by
Listing Agent - C. Lauren Jones
Listing Office - Crye-Leike, Realtors
Source: RealTracs mls logo
MLS#3088624 • last updated 6 months ago
Movoto checked RealTracs for data 18 minutes ago
Overview
Levels/Style Three Or More, 2, Traditional
SubType Single Family Residence
Type Residential
MLS # 3088624
Living Area 2008, Square Feet
Property Tax $ 1846
Year Built 1940, Existing
Interior
Total # of Bathrooms 2
# of Full Baths 1
# of Half Baths 1
Total # of Bedrooms 3
Basement Other
# Fireplaces 1
Interior Features High Ceilings
Fireplace Living Room
Exterior
Patio/ Deck Porch
Fencing Chain Link
Roof Shingle
# Covered Spaces 1
# Parking Spaces 1
# Garage Spaces 1
Amenities / Utilities
Water Source Public
Sewer/ Septic Public Sewer
Security Features Smoke Detector(s)
Location
Subdivision COLONIAL TERRACE
Directions Go West On Poplar, Then Right On N. McLean(go Approx. 1.5 Miles) Then Right On S. Rainbow Dr, Beautiful Home Straigtht Ahead In The "Cove-like" Curve Of Sought After "Rainbow" Drive!
APN 41029 150
$283K
Range: $246K-$319K
Last 30 days 
Rental est.: $2,245/month
Gross rent multiplier: 8.7 - Good
  • Jan 2026
    mls logo MLS # 3088624
  • Jan 14, 2026 Listed
    $225,000 (-4.3%)
  • Jul 21, 2020 Sold
    $235,000 (+4.4%)
  • Jul 2020
    mls logo MLS # 10077144
  • Jul 21, 2020 Sold
    $235,000
  • Jul 20, 2020 Pending
    —
  • Jun 9, 2020 Contingent
    —
  • May 23, 2020 Listed
    $225,000 (+104.5%)
  • Jan 2020
    mls logo MLS # 10068594
  • Jan 31, 2020 Sold
    $110,000 (-11.9%)
  • Jan 14, 2020 Pending
    —
  • Jan 8, 2020 Listed
    $124,900
  • Year Property taxes Tax assessment
  • 2024
    $4,450 +31.4%
    $67,575 +21.59%
  • 2023
    $3,385
    $55,575
  • 2022
    $3,385 -15.9%
    $55,575
  • 2021
    $4,024 +87.8%
    $55,575 +87.75%
  • 2020
    $2,143 +126.5%
    $29,600
  • 2019
    $946 -21.1%
    $29,600
  • 2018
    $1,199 -45.1%
    $29,600
  • 2017
    $2,185 +170.6%
    $29,600 +24.63%
  • 2016
    $808 -22.2%
    $23,750
  • 2014
    $1,038 +34.1%
    —
  • 2011
    $774
    —
  • 978 E Rainbow Dr
    $235K
  • University Lane
    $238K +4% y/y
  • 38107
    $165K -5% y/y
  • Memphis
    $169K -15% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
970 E Rainbow Dr, Memphis, TN 38107 $228,000 2/1 1,612 0.01
984 E Rainbow Dr, Memphis, TN 38107 $234,000 2/2 2,154 0.01
1897 S Rainbow Dr, Memphis, TN 38107 $239,000 3/2 1,527 0.02
977 N Barksdale St, Memphis, TN 38107 $207,000 3/1 1,436 0.03
981 N Barksdale St, Memphis, TN 38107 $210,000 3/2 1,436 0.03
990 E Rainbow Dr, Memphis, TN 38107 $215,000 3/2 1,680 0.03
971 N Barksdale St, Memphis, TN 38107 $205,000 3/1 1,453 0.03
1893 S Rainbow Dr, Memphis, TN 38107 $300,000 3/2 1,950 0.03

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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2/10
Vollentine Elementary School
public Grades PK, K-5
Shelby County Schools
3/10
Grandview Heights Middle
public Grades 6-8
Shelby County Schools
2/10
Manassas High School
public Grades 9-12
Shelby County Schools
Source: GreatSchools.org © 2026. All rights reserved.

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