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$335,000

Listing Price

4beds

2.5baths

2,696sqft

11,545sqft lot

1038 N Rainbow Dr, Memphis, TN 38107

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Single Family

Home type

108.71

Price / sqft

1940

Year built

Home Details

MOTIVATED SELLER! The Driftwood floorplan is the most spacious plan in the Patriot Estates community. This home offers 5 bedrooms, 2.5 baths and plenty of open space for any lifestyle. The primary bedroom is conveniently located on the main floor with a generous sized walk-in closet and ensuite bath. The second floor has an open game room and 4 bedrooms for family comfort and privacy. This kitchen is equipped with built in appliances, including refrigerator, garbage disposal, stainless steel sink, granite countertops, pantry and stunning wood cabinets. Common areas on first floor are all luxury vinyl plank flooring. The back yard offers plenty of room for entertaining with an extended patio. The front yard and back yard are equipped with irrigation system and foundation drip to protect the foundation in this Texas weather. Prewired for Cable TV, High Speed Internet and exterior security cameras provided. Buyer's agent to verify all information.

Interior Details

Square Feet
  • 2696

Bedrooms
  • 4

Bathrooms
  • 2.5

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    No Basement

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 11545

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    1

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Traditional/old

Exterior
  • Brick Veneer

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$2,237

$2,075

$28,800

--%

$30,875

2019

$2,237

$2,075

$28,800

--%

$30,875

2018

$2,237

$2,075

$28,800

--%

$30,875

2017

$1,268

$2,075

$28,800

--%

$30,875

2015

$1,076

$2,075

$22,550

--%

$24,625

2013

$1,078

$2,075

$22,550

--%

$24,625

2013

$1,078

$2,075

$22,550

--%

$24,625

2012

$1,011

$2,075

$23,075

--%

$25,150

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Average Home Price in 38107

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$153,732

3 Beds

1.5 Baths

3,057 Sqft

8,700 Lot (sqft)

Sold 05/29/2026

$335,000

4 Beds

2.5 Baths

2,696 Sqft

11,545 Lot (sqft)

Sold 10/26/2026

$299,000

3 Beds

2 Baths

2,340 Sqft

7,500 Lot (sqft)

Sold 10/13/2026

$349,900

3 Beds

2 Baths

2,751 Sqft

12,290 Lot (sqft)

Sold 10/13/2026

$213,609

3 Beds

3 Baths

2,387 Sqft

15,356 Lot (sqft)

Sold 10/26/2026

$139,000

3 Beds

1 Baths

2,753 Sqft

7,500 Lot (sqft)

Sold 10/26/2026

$183,247

3 Beds

2 Baths

2,872 Sqft

6,800 Lot (sqft)

Sold 10/27/2026

$298,900

5 Beds

3 Baths

2,942 Sqft

7,250 Lot (sqft)

Sold 10/13/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
335,000
$
Down payment
67,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,010
$
HOA (Monthly)
0
$
PMI
0
$
$2,169
Your Payment
Total Monthly Payment:$2,169
Percent of Income:37%
Affordable:No

Details for 1038 N RAINBOW DR

Property Debt

Foreclosure Contact Details