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5197 Flowering Peach Dr #5197, Memphis, TN, 38115

2beds
2baths
849sqft
$62,900
$74price/sqft
$632/moest. monthly cost
$25,280/yrincome needed

About This Home

Enjoy comfortable, low-maintenance living in this 849-square-foot condo located in the convenient 38115 area of Memphis. This well-situated home offers a practical layout and is ideal for anyone looking for an affordable and conveniently located place to call home. The property is just minutes from grocery stores, gas stations, shopping, dining, and other everyday conveniences, making it easy to handle your daily errands. With quick access to major roadways and nearby amenities, this condo offers both comfort and convenience.

Getting Around

47
WalkingCar-Dependent
27
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

6/10
5/10
Power Center AcademyGrades 6-80.5 mi
2/10
Wooddale High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1973

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Condo
  • Architectural style: Traditional
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • All Bedrooms Up,Half Bath Down,Textured Ceiling,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 849 sqft

Kitchen

  • Features: Updated/Renovated Kitchen

Property

Details

  • Parcel number: 093418 B00164
  • Attached to another structure: Yes

Features

  • Stories: 2
  • Pool features: None
  • Exterior features: Sidewalks

Lot

  • Lot size: 435.60 sqft
  • Features: Well Landscaped Grounds
  • Lot size dimensions: 1135

Parking

  • Parking features: Parking Lot

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

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Tornado
Cold Wave
Heat Wave
Ice Storm
Strong Wind
Winter Weather
Landslide
Lightning

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
Severe Storm
Straight Line Winds
Tornado
Winter Storm

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

MonthlyAnnual
Mortgage $318$3,816
Home Insurance $89$1,068
Property Taxes $50$600
Electricity $175$2,103
Total$632$7,584

Income You'd Need if You Spent...

35% on housing$21,668/yr
40% on housing$18,960/yr
45% on housing$16,853/yr

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.

Insurance Growth Rate5-year average: 6.5%
6.5%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$74This listing

vs Other Active Listings

Avg $/sqft

ZIP 38115$60
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38115$107
Shelby County$132

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

DateEventPrice
2026-08-14Price change$54,900
2026-07-20Listed for sale$62,900
2025-10-08Listing removed$970
2025-09-12Price change$970
2025-09-12Price change$57,000
2025-09-02Price change$67,000
2025-07-01Price change$68,500
2025-06-15Price change$995
2025-05-18Listed for rent$1,080
2025-05-04Listed for sale$74,900
2023-11-01Listing removed--
2023-09-26Listed for rent$950
2023-06-02Sold$46,000
2023-05-30Pending sale$49,900
2023-05-19Contingent$49,900
2023-05-17Listed for sale$49,900

For Sale by Agent

AgentLeah V Douglas-Wooten
BrokerageProgressive Realty Services

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