5308 Park Ave, Memphis, TN, 38119
About This Home
Rare Opportunity in the Highly Desirable Park Estates Area Welcome to this absolutely perfect Park Estates home, ideally suited for today’s market. Centrally located in the heart of Memphis, Tennessee, this beautifully updated townhouse offers the convenience and lifestyle today’s buyers are seeking. This home features 3 bedrooms and 2.5 bathrooms, with the half bath conveniently located downstairs. The property has been completely renovated and remodeled and truly looks brand new from top to bottom. A standout feature is the third-floor space, open from the primary suite—perfect for a workout room, bonus room, home office, or flex space to fit your lifestyle. Townhomes like this are rarely available in this highly sought-after and beautiful area. Reduced Price at only $274,900!!!! This move-in-ready home is an exceptional value and ready for the right buyer.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1979
Materials
- Construction materials: Brick Veneer
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Townhouse
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- All Bedrooms Up,2 Full Primary Baths,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Hardwood,Part Carpet,Tile
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,284 sqft
Kitchen
- Features: Updated/Renovated Kitchen,Washer/Dryer Connections
Living Room
- Features: Separate Living Room
Property
Details
- Parcel number: 067086 00051
- Attached to another structure: Yes
Features
- Stories: 2
- Pool features: None
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 25 x 120
Parking
- Total spaces: 2
- Parking features: Driveway/Pad
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Earthquake
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,263 | $15,156 |
| Home Insurance | $206 | $2,472 |
| Property Taxes | $202 | $2,424 |
| Electricity | $185 | $2,226 |
| Total | $1,856 | $22,272 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Price change | $274,900 |
| 2026-04-21 | Price change | $279,000 |
| 2026-02-26 | Price change | $289,900 |
| 2026-01-16 | Listed for sale | $299,900 |
| 2025-08-21 | Sold | $145,000 |
| 2025-07-29 | Pending sale | $189,900 |
| 2025-07-27 | Listed for sale | $189,900 |
| 2002-09-26 | Sold | $130,000 |
| 1998-07-28 | Sold | $115,000 |
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