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2816 Central Ave, Memphis, TN, 38111

4beds
4baths
4,014sqft
$649,900
$162price/sqft
$5,021/moest. monthly cost
$200,840/yrincome needed

About This Home

What a fantastic opportunity to make this beautiful property your own! The 1920-built home has all of the charm and character you would expect to find, all in a fantastic, central location near Chickasaw Gardens. Large rooms, tall ceilings, abundant natural light from the many windows throughout, elabaorate trimwork, and gorgeous hardwod floors. The home sits on one of the prettiest lots around at .74 ac. The home was made for entertaining and family living! There are so many possibilities here - enjoy it as-is or update to your liking. Minutes to Chickasaw Gardens Park, the Pink Palace, the U of Memphis, The Liberty Bowl, The Children's Museum, Midtown proper and East Memphis. Come see!

Getting Around

50
WalkingCar-Dependent
31
TransitSome Transit
55
BikeBikeable

Schools

4/10
Hanley K-8Grades PK-82.2 mi
3/10
Melrose High SchoolGrades 9-121.3 mi
5/10
Sherwood Middle SchoolGrades 6-82.1 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Brick Veneer,Wood/Composition

Type & Style

  • Home type: SingleFamily
  • Architectural style: English
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range/Oven,Self Cleaning Oven,Gas Cooktop,Dishwasher

Bedroom2

  • Area: 216

Bedroom3

  • Area: 216

Bedroom4

  • Area: 225

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Bonus Room

  • Area: 288

Den

  • Area: 378

Dining Room

  • Features: Separate Dining Room
  • Area: 247

Features

  • All Bedrooms Up,Primary Up,Smooth Ceiling,High Ceilings,Square Feet Source: Appraisal
  • Window features: Aluminum Frames,Double Pane Windows
  • Flooring: Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Natural Gas,Dual System
  • Cooling features: Central Air,Ceiling Fan(s),Dual

Interior Area

  • Total interior livable area: 4,014 sqft

Kitchen

  • Features: Eat-in Kitchen
  • Area: 176

Living Room

  • Features: Separate Living Room,Separate Den
  • Area: 300

Master Bedroom

  • Level: Second
  • Area: 496

Office

  • Area: 143

Property

Details

  • Parcel number: 04504700013

Features

  • Stories: 2
  • Pool features: None
  • Patio & porch: Patio
  • Fencing: Wood Fence

Lot

  • Lot size: 0.74 Acres
  • Features: Level,Well Landscaped Grounds
  • Lot size dimensions: .74 ac

Parking

  • Total spaces: 2
  • Parking features: Driveway/Pad,Circular Driveway,Garage Faces Front,Gated
  • Has garage: Yes
  • 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
    Cold WaveRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Tornado

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 $3,286$39,432
Home Insurance $884$10,608
Property Taxes $525$6,300
Electricity $326$3,913
Total$5,021$60,252

Income You'd Need if You Spent...

35% on housing$172,148/yr
40% on housing$150,630/yr
45% on housing$133,893/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

$162This listing

vs Other Active Listings

Avg $/sqft

ZIP 38111$102
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38111$145
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)

Price History

DateEventPrice
2026-07-24Listed for sale$649,900
2026-06-17Sold$625,000

For Sale by Agent

AgentBlake Lichterman
BrokerageMarx-Bensdorf, REALTORS

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