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Sold for $295,000
    • $295,000

    1038 Rainbow Dr, Memphis, TN 38107

    4beds
    2,325sqft
    Single Family Residence
    Built in 1940
    8,276 Square Feet Lot
    $295,000 Zestimate®
    $127/sqft
    $1,620 Estimated rent

    Home value

    $295,000

    $280,000 - $310,000

    $1,620/mo

    Zestimate® history
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    What's special

    Refinished hardwood floorsHuge private backyardNew lighting throughoutCove like street
    Perfect Midtown Home - All the updates have been done and so close to Rhodes! Refinished hardwood floors, Updated kitchen with newer appliances, that stay! new cabinets and granite countertops. New lighting throughout. All 3 bathrooms have been redone - new vanities, toilets and shower/tub. Plantation shutters in Great room. Semi Open Floor plan with Dining room as the hub for all your gatherings. Gorgeous sunroom/office space overlooking the huge, private backyard. 2 bedrooms 2.5 baths down and 2 XL bedrooms, 1 bathroom and loft bonus room upstairs. 1 car garage with a doublewide drive in this cove like street. Roof, HVAC & Water heater all replaced in '20/21. 100% financing available with Cadence Bank!

    Zillow last checked:

    Listing updated:

    Listed by:

    Hannah C Smith,

    Bluff City Realty Group, LLC

    Bought with:

    Chris Garland

    Crye-Leike, Inc., REALTORS

    Source: MAAR,MLS#: 10220674MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Loft/Balcony, Office/Sewing Room, Play Room
    Primary bedroom
    • Features: Hardwood Floor, Smooth Ceiling
    • Level: First
    • Area: 180
    • Dimensions: 12 x 15
    Bedroom 2
    • Features: Hardwood Floor, Smooth Ceiling
    • Level: First
    • Area: 144
    • Dimensions: 12 x 12
    Bedroom 3
    • Features: Hardwood Floor, Smooth Ceiling
    • Level: Second
    • Area: 234
    • Dimensions: 13 x 18
    Bedroom 4
    • Features: Hardwood Floor
    • Level: Second
    • Area: 225
    • Dimensions: 15 x 15
    Dining room
    • Features: Separate Dining Room
    • Area: 143
    • Dimensions: 11 x 13
    Kitchen
    • Features: Pantry, Updated/Renovated Kitchen, Washer/Dryer Connections
    • Area: 216
    • Dimensions: 12 x 18
    Living room
    • Features: Great Room
    • Dimensions: 0 x 0
    Office
    • Area: 126
    • Dimensions: 9 x 14
    Bonus room
    • Area: 128
    • Dimensions: 8 x 16
    Den
    • Area: 266
    • Dimensions: 14 x 19
    Heating
    • Central, Dual System, Electric, Natural Gas
    Cooling
    • Ceiling Fan(s), Central Air, Dual
    Appliances
    • Included: Electric Water Heater, Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • 1 or More BR Down, Full Bath Down, Half Bath Down, Primary Down, Renovated Bathroom, Smooth Ceiling, 1 1/2 Bath, 2nd Bedroom, Den/Great Room, Dining Room, Kitchen, Laundry Room, Primary Bedroom, Sun Room, 1 Bath, 3rd Bedroom, 4th or More Bedrooms, Play Room/Rec Room, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
    • Flooring: Hardwood, Tile
    • Windows: Excl Some Window Treatmnt
    • Basement: Crawl Space
    • Attic: Walk-In
    • Number of fireplaces: 1
    • Fireplace features: In Den/Great Room, Masonry
    Interior area
    • Total interior livable area: 2,325 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage Faces Front
    • Has garage: Yes
    • Covered spaces: 1
    Features
    • Stories: 1.5
    • Patio & porch: Patio
    • Pool features: None
    • Fencing: Wood
    • Waterfront features: Cove
    Lot
    • Size: 8,276 Square Feet
    • Dimensions: 43 x 126
    • Features: Level, Some Trees
    Details
    • Parcel number: 041029 00160

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Brick Veneer, Wood/Composition
    • Roof: Composition Shingles
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Wrought Iron Security Drs
    • Subdivision: Colonial Terrace
    Location
    • Region: Memphis

    Financial & listing details

    • Price per square foot: $127/sqft
    • Tax assessed value: $285,700
    • Annual tax amount: $3,749
    • Price range: $295K - $295K
    • Date on market: 5/2/2026
    • Cumulative days on market: 152 days

    Price history

    DateEventPrice
    6/9/2026Sold$295,000-1.6%$127/sqft
    Source: MAAR #10220674 Report a problem
    5/12/2026Pending sale$299,900$129/sqft
    Source: MAAR #10220674 Report a problem
    5/2/2026Listed for sale$299,900$129/sqft
    Source: MAAR #10220674 Report a problem
    5/1/2026Listing removed$299,900$129/sqft
    Source: MAAR #10208898 Report a problem
    4/15/2026Listed for sale$299,900$129/sqft
    Source: MAAR #10208898 Report a problem
    3/7/2026Pending sale$299,900$129/sqft
    Source: MAAR #10208898 Report a problem
    3/2/2026Price change$299,900-1.7%$129/sqft
    Source: MAAR #10208898 Report a problem
    1/19/2026Price change$305,000-3.1%$131/sqft
    Source: MAAR #10208898 Report a problem
    12/3/2025Price change$314,900-3.1%$135/sqft
    Source: MAAR #10208898 Report a problem
    10/31/2025Listed for sale$325,000+14%$140/sqft
    Source: MAAR #10208898 Report a problem
    7/10/2023Sold$285,000+14.9%$123/sqft
    Source: Public Record Report a problem
    5/12/2021Sold$248,000+119.5%$107/sqft
    Source: Public Record Report a problem
    5/11/2021Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    5/5/2021Listed for rent$1,850+23.7%$1/sqft
    Source: Zillow Rental Network Premium Report a problem
    12/7/2019Listing removed$1,495$1/sqft
    Source: Advantage Property Management Report a problem
    10/17/2019Listed for rent$1,495+3.5%$1/sqft
    Source: Advantage Property Management Report a problem
    8/7/2019Listing removed$1,445$1/sqft
    Source: Advantage Property Management Report a problem
    6/5/2019Listed for rent$1,445+3.2%$1/sqft
    Source: Advantage Property Management Report a problem
    2/28/2018Sold$113,000-2.2%$49/sqft
    Source: Public Record Report a problem
    7/10/2015Listing removed$1,400$1/sqft
    Source: Advantage Property Management Report a problem
    7/3/2015Listed for rent$1,400$1/sqft
    Source: Advantage Property Management Report a problem
    10/20/2011Sold$115,500+123.2%$50/sqft
    Source: Public Record Report a problem
    6/27/2011Price change$51,750-10%$22/sqft
    Source: Fast Track Realty, LLC #3223458 Report a problem
    5/5/2011Listed for sale$57,500-73.9%$25/sqft
    Source: isNowListed.com Report a problem
    4/7/2011Sold$220,670+55.4%$95/sqft
    Source: Public Record Report a problem
    5/13/2002Sold$142,000+18.4%$61/sqft
    Source: Public Record Report a problem
    1/7/2000Sold$119,900+17.5%$52/sqft
    Source: Public Record Report a problem
    5/29/1998Sold$102,000+25.9%$44/sqft
    Source: Public Record Report a problem
    7/21/1995Sold$81,000$35/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,765 +0.4%$71,425 +25.5%
    2024$3,749 +8.1%$56,925
    2023$3,468 $56,925
    2022-- $56,925 +31.1%
    2021-- $43,425 +40.6%
    2020$987 $30,875
    2019$987 -21.1%$30,875
    2018$1,250 -45.1%$30,875
    2017$2,279 +172.2%$30,875 +25.4%
    2016$837 +4.4%$24,625
    2014$802 $24,625
    2013-- $24,625 -2.1%
    2012-- $25,150
    2011-- $25,150
    2010-- $25,150
    2009-- $25,150 +12.4%
    2008-- $22,375
    2007-- $22,375
    2006-- $22,375
    2005-- $22,375
    2004-- $22,375
    2003-- $22,375
    2002-- $22,375
    2001-- $22,375 +39.4%
    2000-- $16,050
    Find assessor info on the county website

    Neighborhood: Midtown

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