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$310,000

1856 N Rainbow Dr, Memphis, TN 38107

3beds

2,007sqft

Single Family Residence, Residential

Built in 1947

8,712 Square Feet Lot

$309,500 Zestimate^®

$154/sqft

$1,771 Estimated rent

Home value

$309,500

$291,000 - $328,000

$1,771/mo

Zestimate^® history

Owner options

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$1,771/mo

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$1,771/mo

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$1,945/mo

Est. payment

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$1,945/mo

Est. payment

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What's special

SPECIAL FINANCING AVAILABLE: NO INCOME LIMIT FOR 100% FINANCING, REDUCED RATE, & $5000 credit. Rare 3br/2.5 ba. in the highly sought-after Vollentine Evergreen Historic District! New roofs and ventilation on the main house and detached garage. Fully functional basement with laundry room. New AC unit August 2025. Downstairs now features fresh paint, new L/R and D/R ceilings, a full bath with rain shower, and a custom closet—perfect for a primary suite. Or choose the upstairs option with 2 bedrooms and refreshed cedar closets. Enjoy the sunroom with natural light and a new cedar ceiling. Smart features include WYZE security lights/cameras, doorbell cam, smart thermostat—Google & Alexa compatible. Additional updates: new vented basement windows and temp-sensing vents, upgraded breakers, new ceiling fans, interior door knobs, crawlspace moisture barrier, and front gutters. The backyard is ideal for entertaining with accent lighting, fire pit, detached garage, and carport.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dishwasher, Disposal, Dryer, Washer, Range, Oven
Laundry: Washer Hookup

Features

Flooring: Wood, Tile
Basement: Partial
Number of fireplaces: 1

Interior area

Total structure area: 2,007
Total interior livable area: 2,007 sqft

Property

Parking

Total spaces: 1
Parking features: Garage Faces Front, Parking Pad
Attached garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: Three Or More
Stories: 2
Patio & porch: Patio

Lot

Size: 8,712 Square Feet
Dimensions: 70 x 130

Details

Parcel number: 041029 00166
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence, Residential

Materials

Roof: Shingle

Condition

New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Water Available, Cable Connected

Community & HOA

Community

Subdivision: Colonial Terrace

HOA

Has HOA: No

Location

Region: Memphis

Financial & listing details

Price per square foot: $154/sqft
Tax assessed value: $234,000
Annual tax amount: $2,945
Date on market: 6/12/2025

Price history

Date	Event	Price
12/5/2025	Sold	$310,000-3.1%$154/sqft
Source: RealTracs MLS as distributed by MLS GRID #3093865 Report a problem
10/30/2025	Pending sale	$320,000$159/sqft
Source: MAAR #10198826 Report a problem
9/17/2025	Listed for sale	$320,000+7%$159/sqft
Source: MAAR #10198826 Report a problem
8/15/2025	Listing removed	$299,000$149/sqft
Source: MAAR #10198826 Report a problem
7/31/2025	Price change	$299,000-0.3%$149/sqft
Source: MAAR #10198826 Report a problem
7/10/2025	Price change	$300,000-3.2%$149/sqft
Source: MAAR #10198826 Report a problem
6/27/2025	Price change	$310,000-3.1%$154/sqft
Source: MAAR #10198826 Report a problem
6/12/2025	Listed for sale	$320,000+33.1%$159/sqft
Source: MAAR #10198826 Report a problem
7/14/2021	Sold	$240,500+6.9%$120/sqft
Source: RealTracs MLS as distributed by MLS GRID #3044616 Report a problem
6/16/2021	Listed for sale	$225,000+32.4%$112/sqft
Source: MAAR #10101860 Report a problem
8/18/2017	Sold	$170,000+3.1%$85/sqft
Source: Public Record Report a problem
7/18/2017	Listed for sale	$164,900-83.5%$82/sqft
Source: InCity Realty #10007161 Report a problem
9/30/2013	Sold	$999,000+900%$498/sqft
Source: Public Record Report a problem
6/25/2013	Listed for sale	$99,900-24.3%$50/sqft
Source: Keller Williams Realty #3274811 Report a problem
6/24/2004	Sold	$132,000+14.9%$66/sqft
Source: Public Record Report a problem
7/2/1999	Sold	$114,900+34.4%$57/sqft
Source: Public Record Report a problem
9/5/1997	Sold	$85,500$43/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,083 +4.7%	$58,500 +30.8%
2024	$2,945 +8.1%	$44,725
2023	$2,724	$44,725
2022	--	$44,725
2021	--	$44,725 +26.3%
2020	$1,131	$35,400
2019	$1,131 -21.1%	$35,400
2018	$1,434 -30.4%	$35,400 +26.9%
2017	$2,059 +170.4%	$27,900 +24.6%
2016	$762 -0.7%	$22,400
2014	$767	$22,400
2013	--	$22,400 -6.9%
2012	--	$24,050
2011	--	$24,050
2010	--	$24,050
2009	--	$24,050 +42.7%
2008	--	$16,850
2007	--	$16,850
2006	--	$16,850
2005	--	$16,850
2004	--	$16,850
2003	--	$16,850
2002	--	$16,850
2001	--	$16,850 -2%
2000	--	$17,200