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3123 Cowden Ave, Memphis, TN, 38111

2beds
3baths
1,517sqft
$299,900
$198price/sqft
$2,341/moest. monthly cost
$93,640/yrincome needed

About This Home

This rare 2-bed, 2.5-bath cottage is truly move-in ready. A newly installed roof, updated kitchen and bathrooms, airy sunroom, and spacious bedrooms create a welcoming, comfortable feel. The primary bath features a roomy walk-in shower, and the fenced yard offers privacy and outdoor enjoyment—all perfectly situated in the heart of Joffre.

Getting Around

34
WalkingCar-Dependent
33
TransitSome Transit
58
BikeBikeable

Schools

4/10
Hanley K-8Grades PK-82.7 mi
3/10
Melrose High SchoolGrades 9-121.4 mi
5/10
Sherwood Middle SchoolGrades 6-81.8 mi

Construction

Condition

  • Year built: 1942

Materials

  • Roof: Composition Shingles
  • Construction materials: Brick Veneer

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Range/Oven

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: Hardwood Floor,Shared Bath
  • Level: First

Bedrooms & Bathrooms

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

Dining Room

  • Features: Separate Dining Room

Features

  • 1 or More BR Down,All Bedrooms Down,Full Bath Down,Half Bath Down,Primary Down,Renovated Bathroom,1 1/2 Bath,1 Bath,1/2 Bath,2 or More Baths,2nd Bedroom,Den/Great Room,Dining Room,Kitchen,Living Room,Primary Bedroom,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Part Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Decorative,Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,517 sqft

Kitchen

  • Features: Kitchen Island,Updated/Renovated Kitchen,Washer/Dryer Connections

Living Room

  • Features: Separate Den,Separate Living Room

Master Bathroom

  • Features: Tile Floor,Full Bath

Master Bedroom

  • Features: Hardwood Floor,Walk-In Closet(s)
  • Level: First

Property

Details

  • Parcel number: 045089 00005

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Patio
  • Exterior features: Storage
  • Fencing: Wood

Lot

  • Lot size: 0.31 Acres
  • Features: Landscaped,Level
  • Lot size dimensions: 70 x 184

Parking

  • Total spaces: 1
  • Parking features: Driveway/Pad
  • Covered spaces: 1
  • 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 WaveModerate
  • 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 $1,516$18,192
Home Insurance $408$4,896
Property Taxes $242$2,904
Electricity $175$2,103
Total$2,341$28,092

Income You'd Need if You Spent...

35% on housing$80,262/yr
40% on housing$70,230/yr
45% on housing$62,426/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

$198This 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
2026-07-08Listed for sale$299,900
2024-12-30Sold$300,000
2024-12-09Pending sale$309,000
2024-11-30Price change$309,000
2024-10-23Listed for sale$319,000
2021-03-05Sold$281,000
2021-02-07Pending sale$265,000
2021-02-02Listed for sale$265,000
2016-07-14Sold$215,000
2016-01-25Sold$125,400
2015-10-15Listed for sale$132,000
2015-09-08Sold$149,455

For Sale by Agent

AgentJennifer Williams
BrokerageHobson, REALTORS

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