540 Peabody Sq Unit 540, Memphis, TN, 38104
About This Home
Move-in ready and beautifully updated, this 2-bedroom condo at 540 Peabody Sq. offers stylish, low-maintenance living in a prime Memphis location. The thoughtfully designed floor plan features one full bath and two half baths, providing convenience and flexibility for everyday living and entertaining. Updated finishes throughout create a fresh, inviting feel, making this home truly turnkey. Enjoy relaxing by the neighborhood pool and take advantage of the easy lifestyle this community has to offer. Whether you're looking for your next home or a convenient city retreat, this updated condo is ready for you to move right in! HOA includes: trash, water, landscaping, exterior insurance, and roof! *Available furnished if buyer desires*
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1969
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Townhouse
Interior
Bedroom2
- Area: 156
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Dining Room
- Area: 99
Features
- All Bedrooms Down,Half Bath Down,Primary Up,Smooth Ceiling,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Window features: Double Pane Windows
- Flooring: Part Carpet,Part Hardwood,Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,272 sqft
Kitchen
- Features: Breakfast Bar,Updated/Renovated Kitchen
- Area: 112
Living Room
- Area: 384
Master Bedroom
- Area: 168
Property
Details
- Parcel number: 016049 A00016
- Attached to another structure: Yes
Features
- Stories: 2
- Pool features: Neighborhood
- Patio & porch: Patio
Lot
- Lot size: 871.20 sqft
- Features: Well Landscaped Grounds
- Lot size dimensions: x
Parking
- Parking features: Assigned,Guest,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
- 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 | $1,006 | $12,072 |
| Home Insurance | $148 | $1,776 |
| Property Taxes | $160 | $1,920 |
| Electricity | $175 | $2,103 |
| Total | $1,489 | $17,868 |
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 |
|---|---|---|
| 2026-08-11 | Price change | $190,000 |
| 2026-08-06 | Price change | $197,900 |
| 2026-06-20 | Listed for sale | $199,000 |
| 2020-07-01 | Sold | $159,000 |
| 2020-05-25 | Pending sale | $155,000 |
| 2020-05-23 | Listed for sale | $155,000 |
| 2018-05-17 | Sold | $139,900 |
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