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505 Walnut St, Paris, TN, 38242

5beds
5baths
5,300sqft
$625,000
$118price/sqft
$5,242/moest. monthly cost
$209,680/yrincome needed

About This Home

Colonial Design w/ Georgian Revival Influence! This Classic Home built in 1920est. & remodeled in 1933. Master Craftsman's features slate in spacious den w/fireplace and dinette. Beautiful open foyer w/10 ft. ceilings & grand stairway. Living room features new hardwood floors w/ fireplace. Formal dining room features mural painted walls in 1934 from early 1800 french wallpaper design. 5 br.w/ 1 currently used for office w/fireplace, 3.5 baths, cherry & walnut woodwork & original hardwood floors.Butlers pantry for servants, add'l stairway to 2nd level.Third level ballroom w/1/2 bath & hardwood flooring. Full basement w/ 1/2 bath that has exterior & interior entrance. Home has gas generator, Energy gas hot water heater, copper gutter system, screened-in porch, attached 2 car garage & brick detached garage. Rear patio w/ fountain/stone floor, garden house w/electric, irrigation system, spacious corner landscaped lot w/beautiful shade trees and garden area. Sq. Ft. taken from tax records.

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

6/10
Paris Elementary SchoolGrades 3-50.9 mi
6/10
W O Inman Middle SchoolGrades 6-81.0 mi
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Construction

Condition

  • Year built: 1920

Materials

  • Roof: Composition
  • Construction materials: Block,Brick,Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Refrigerator,Dishwasher,Range Hood,Range/Oven-Electric,Washer,Dryer,Other
  • Laundry features: Washer/Dryer Hookup,Second Level

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Exterior Entry,Other,Sump Pump

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second
  • Area: 217.36

Bedroom4

  • Level: Second
  • Area: 186.2

Bedroom5

  • Level: Second
  • Area: 227.5

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2
  • Main level bathrooms: 1

Dining Room

  • Level: Main
  • Area: 205.36

Features

  • Ceiling Fan(s),Walk-In Closet(s),Bookcases,Other
  • Door features: Other-See Remarks
  • Window features: Other-See Remarks
  • Flooring: Wood,Slate,Tile,Other
  • Number of fireplaces: 2
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Attic: Access Only,Storage,Other

Heating & Cooling

  • Heating features: Central Gas/Natural,Fireplace(s)
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,900
  • Total interior livable area: 5,300 sqft

Kitchen

  • Level: Main
  • Area: 144.84

Living Room

  • Level: Main
  • Area: 250.2

Master Bedroom

  • Level: Second
  • Area: 294.3

Property

Details

  • Parcel number: 4.00
  • Zoning: city
  • Other equipment: Irrigation Equipment

Features

  • Levels: Three Or More
  • Patio & porch: Patio,Porch,Other
  • Exterior features: Garden,Public Park in Area,Other
  • Fencing: None

Lot

  • Lot size: 0.98 Acres
  • Features: City Lot
  • Lot size dimensions: 150 x 285

Parking

  • Total spaces: 3
  • Parking features: Double Attached Garage,Detached,Concrete
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • 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
    Cold WaveVery High
  • Earthquake
    EarthquakeRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters Across Tennessee Counties

Flood
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 $3,160$37,920
Home Insurance $590$7,080
Property Taxes $1,062$12,744
Electricity $430$5,167
Total$5,242$62,904

Income You'd Need if You Spent...

35% on housing$179,725/yr
40% on housing$157,260/yr
45% on housing$139,786/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: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -2.3%
-2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 38242$127
Henry County$146

vs Homes Sold Last Month

Median $/sqft

ZIP 38242$142
Henry County$137

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

DateEventPrice
2025-12-01Price change$625,000
2025-09-09Listed for sale$750,000
1998-05-18Sold$350,000
1997-09-04Sold$199,000

For Sale by Agent

AgentCarrye Jackson
BrokerageMoody Realty Company, Inc.

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