7 days on RocketTour
$3,741 Closing Credit¹
#10199376, Listing office: SimpliHOM
$320,000 List price
1856 N Rainbow Dr Memphis, TN 38107
$3,800
Closing credit¹
3 beds
2 full, 1 partial
0.2 acres
House
Property details
About 1856 N Rainbow Dr
Rare 3br/2.5 ba. in the highly sought-after Vollentine Evergreen Historic District! 1856 N Rainbow Dr boasts thoughtful upgrades throughout! New roofs and ventilation on the main house and detached garage. Fully functional basement with laundry room. 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.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
BasementYes
Lot size0.2 Acres
Year built1947
ParkingDriveway/Pad,Front-Load Garage
MLS #10198826
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Range, Oven, Disposal, Dishwasher, Washer, Dryer
- Basement: Yes
- Flooring Type: Part Hardwood, Tile, Smooth Ceiling
- Interior: Cedar Lined Closet(s), Attic Access
- Total Bedroom Count: 3
- Parking: Driveway/Pad,Front-Load Garage
- Exterior: Patio
- Architectural Style: Traditional
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $320,000
- Annual Tax Amount: $2,724
- Tax Year: 2024
- Lot: Few Trees, Level, Corner Lot, Fencing
- Directions: GO NORTH ON MCLEANIN VOLLINTINE EVERGREEN PAST SNOWDEN SCHOOL, TAKE RIGHT ON N RAINBOW CIRCLE HOUSE IS ON THE LEFT CORNER
- Year Built: 1947
- Stories: 1
- Lot Size: 0.2 Acres
- MLS Number: 10198826
- Office Name: eXp Realty, LLC
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 11:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$320,000
1856 N Rainbow Dr
$3,800
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 27, 2021 | Home Sold | $240,500 |
| Aug 24, 2017 | Home Sold | $170,000 |
| Sep 30, 2013 | Home Sold | $99,900 |
| Jun 24, 2004 | Home Sold | $132,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $44,725 | $2,724 |
| 2023 | $44,725 | $2,724 |
| 2022 | $44,725 | $2,756 |
| 2021 | $44,725 | $2,756 |
| 2020 | $35,400 | $2,565 |
| 2019 | $35,400 | $2,565 |
| 2018 | $35,400 | $1,146 |
| 2017 | $27,900 | $978 |
History based on county public records data.
Nearby schools
2
Vollentine Elementary School
Public Magnet PK-5
0.4 mi
•1682 Vollintine Ave
5
Springdale Elementary School
Public Magnet PK-5
1.2 mi
•880 N Hollywood St
4
Kipp Memphis Academy Elementary School
Public Charter PK-4
1.3 mi
•2248 Shannon Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,118. Typical income of Memphis, TN residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
43%
<35k
48%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
53%
Single, No Kids
27%
Single, with Kids
13%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
7%
12-17 yrs old
28%
18-34 yrs old
36%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing- UFC
NBA/WNBA
Where do the neighbors shop?
Burlington
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Popeyes
Burger King
Starbucks
What do the neighbors drive?
Dodge
Buick
Pontiac
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1856 N Rainbow Dr
The listing price of 1856 N Rainbow Dr property is $320,000.
The property 1856 N Rainbow Dr is a house located in Memphis, Tennessee, 38107.
Active Listing: 1856 N Rainbow Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1856 N Rainbow Dr are: Vollentine Elementary School (GreatSchools Rating 2/10), Springdale Elementary School (GreatSchools Rating 5/10), Kipp Memphis Academy Elementary School (GreatSchools Rating 4/10), Kipp Memphis Middle Academy (GreatSchools Rating 3/10), Snowden School (GreatSchools Rating 3/10), Believe Memphis Academy Charter School (GreatSchools Rating 3/10), Kipp Memphis Collegiate High School (GreatSchools Rating 3/10), Crosstown High School (GreatSchools Rating 5/10), Compass Community School Midtown Campus (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $2,724 (source: MLS/based on county public records data).
The last sale was on July 27, 2021 for $240,500 (source: MLS/tax record).
The property at 1856 N Rainbow Dr has 3 bedrooms and 2 full and 1 half bathrooms.
The year of construction for 1856 N Rainbow Dr is 1947.
This home is located at 1856 N Rainbow Dr in Memphis, TN and zip code 38107 in the University Lane neighborhood. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $320,000.
In May 2025, from all listings sold in Memphis, TN there were more than 70 sold above asking price, over 263 sold below and more than 110 were sold right at the asked price. The number of homes for sale in Memphis, TN increased by 11.3% between April and May 2025. While the average time on the market in May 2025 was 10 days, the median list price was $220,000.
From Rocket Homes Real Estate and based on county public records data.