2991 Walnut Grove Rd #2, Memphis, TN, 38111
About This Home
Welcome to this unique 1st-floor flat in a cooperative community, offering low-maintenance living in a central location. This 2BD, 1BA unit features hardwood floors throughout and an updated kitchen, with appliances just one year old that stay. New windows provide added efficiency and natural light. Unlike a traditional condo, this co-op ownership means residents are part owners of the entire community, creating a more connected and well-maintained environment. A security gate with cameras covering parking and entry points offer added peace of mind. The monthly HOA covers water/sewer, trash, property taxes, exterior insurance, and grounds maintenance, making for truly simplified living. Recent exterior updates include new siding and a newer roof. Ideally located within two miles of popular Midtown attractions (UofM, Liberty Stadium, MOSH, Memphis Zoo, etc.) and under 5 miles to the Medical District, this property offers unbeatable convenience. Don't miss it!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1956
Materials
- Foundation: Slab
- Roof: Composition Shingles
- Construction materials: Brick Veneer,Wood/Composition
Type & Style
- Home type: Apartment
- Architectural style: Traditional
- Property subType: Apartment
Interior
Appliances
- Appliances included: Gas Water Heater,Range/Oven,Gas Cooktop,Disposal,Dishwasher,Microwave,Refrigerator
Bedroom2
- Features: Shared Bath,Smooth Ceiling,Hardwood Floor
- Level: First
- Area: 144
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- All Bedrooms Down,1 or More BR Down,Primary Down,Full Bath Down,Smooth Ceiling,Living Room,Kitchen,Primary Bedroom,2nd Bedroom,1 Bath,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Hardwood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total interior livable area: 850 sqft
Kitchen
- Features: Updated/Renovated Kitchen,W/D Connection in Kitchen
- Area: 72
Living Room
- Features: LR/DR Combination
- Area: 234
Master Bedroom
- Features: Smooth Ceiling,Hardwood Floor
- Level: First
- Area: 144
Property
Details
- Attached to another structure: Yes
Features
- Stories: 1
- Pool features: None
- Patio & porch: Patio
Lot
- Features: Some Trees
- Lot size dimensions: 0
Parking
- Parking features: Gated,Assigned
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 | $318 | $3,816 |
| Home Insurance | $85 | $1,020 |
| Property Taxes | $50 | $600 |
| Electricity | $175 | $2,103 |
| Total | $628 | $7,536 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-13 | Price change | $63,000 |
| 2026-05-02 | Listed for sale | $68,000 |
| 2025-05-01 | Sold | $69,000 |
| 2025-04-21 | Listed for sale | $74,000 |
| 2025-04-15 | Pending sale | $74,000 |
| 2025-03-18 | Listed for sale | $74,000 |
| 2022-12-06 | Sold | $59,900 |
| 2022-11-18 | Pending sale | $59,900 |
| 2022-11-14 | Listed for sale | $59,900 |
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