1038 RAINBOW DR Memphis, TN $ 314,900
1038 RAINBOW DR
$ 314,900
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1038 RAINBOW DR

Memphis, TN, 38107
$ 314,900
Bedrooms4 Baths2.1 Sq 2,325

Monthly Estimate*

$ 1,965

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Single Family Home for sale in Memphis, TN

for $314,900 with 4 bedrooms and 2 full baths, 1 half bath. This 2,325 square foot home was built in 1940 on a lot size of 0.19.

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!

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Single Family Active

Price

$ 314,900

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 3,749

Style

Traditional

Lot Size

0.19

Year Built

1940

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10208898

Features
General
Heating Central Gas Electric Dual System
Cooling Central Ceiling Fan(s) Dual System
Roof Composition Shingles
Fireplaces 1
Status Active Active
Full Baths 2
Half Baths 1
Other Rooms Laundry Room Play Room Office/Sewing Room Loft/Balcony
Legal Subdivision Name COLONIAL TERRACE
Style Traditional
Stories Count 1.5
County Shelby
Class Residential
Type Detached Single Family
Area 742D Vollintine/Northside
Parcel Number 041029 00160
Sale/Rent For Sale
Status Detail 0
Year Built 1940
Directions From N Parkway head north on McLean left on Rainbow Dr
City Memphis
DOM 39
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Interior
Dining Room 13x11
Living Room Separate Dining Room Great Room Updated/Renovated Kitchen Pantry Washer/Dryer Connections
Kitchen Dimensions 18x12
Beds 4
Total Baths 2.1
Fireplace Masonry In Den/Great Room
Number of Rooms 9
Downstairs Bedrooms 2
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Exterior
Foundation Conventional
Pool None
Lot 30
Lot Size Area 0.19
Water & Sewer Electric Water Heater Public Water Public Sewer
Lot Size 43X126
Lot Description Some Trees Level Cove Wood Fenced
Misc. Exterior Wrought Iron Security Drs Patio
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* Excluded Features
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Enterprise, Realtors

Broker

Affordability Calculator

$2,277
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,965
Monthly Property Taxes
$312
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$314,900 -3.11% Price Down
10/31/2025$325,000 Listed Price

Map


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1038 RAINBOW DR, Memphis, TN, 38107 is a Single Family Home for sale at $314,900 with 2,325 sqft and a lot size of 0.19. 1038 RAINBOW DR has 4 bedrooms, 2.1 baths, and was built in 1940. The property's zip code is 38107 which is in Memphis, TN