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281 Palisade St, Memphis, TN, 38111

2beds
1baths
1,326sqft
$299,000
$225price/sqft
$2,334/moest. monthly cost
$93,360/yrincome needed

About This Home

Character, Detail & Charm blend seamlessly in this very special home on Palisade. The freshly painted front porch and large living & dining rooms make hosting & gathering easy. Well maintained with hardwood floors, deep moldings, updated lighting-both recessed & hanging, original brass & glass doorknobs, large brick patio, fully fenced deep back yard. The full sized kitchen has a gas cooktop, double ovens & natural stone countertops w/ lots of cabinets for storage. Updated tile & bead board bath. The primary bedroom is a real retreat - spacious w/ built in bookcase, 2 closets & door to the brick patio. True Laundry room can do double duty as an office or gym. Recents updates include Sewer Line '26, Roof '23, gutters, furnace, & exterior paint. Covered side entrance from the garage and deep driveway add to the charm. Move in Ready & Convenient to all the fun; Univ. of Memphis, East Memphis & Downtown.

Getting Around

54
WalkingSomewhat Walkable
36
TransitSome Transit
53
BikeBikeable

Schools

6/10
8/10
8/10
White Station High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1940

Materials

  • Construction materials: Wood/Composition

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Gas Cooktop,Disposal,Dishwasher
  • Laundry features: Laundry Room

Bedroom2

  • Features: Smooth Ceiling,Hardwood Floor
  • Level: First
  • Area: 143

Bedrooms & Bathrooms

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

Dining Room

  • Features: Separate Dining Room
  • Area: 156

Features

  • 1 or More BR Down,Smooth Ceiling,Living Room,Dining Room,Kitchen,Primary Bedroom,2nd Bedroom,1 Bath,Laundry Room,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Door features: Storm Door(s)
  • Window features: Wood Frames,Storm Window(s)
  • Flooring: Part Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Masonry,Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total interior livable area: 1,326 sqft

Kitchen

  • Features: Updated/Renovated Kitchen
  • Area: 108

Living Room

  • Features: Separate Living Room
  • Area: 260

Master Bedroom

  • Features: Sitting Area,Smooth Ceiling,Hardwood Floor
  • Area: 273

Property

Details

  • Parcel number: 045102 00018

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch,Patio
  • Exterior features: Pet Area
  • Fencing: Wood,Chain Link,Brick/Stone Fenced

Lot

  • Lot size: 8,276 sqft
  • Features: Some Trees,Level,Landscaped
  • Lot size dimensions: 60 x 141

Parking

  • Total spaces: 1
  • Parking features: Driveway/Pad,Garage Faces Front
  • Has garage: Yes
  • 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 $1,511$18,132
Home Insurance $407$4,884
Property Taxes $241$2,892
Electricity $175$2,103
Total$2,334$28,008

Income You'd Need if You Spent...

35% on housing$80,022/yr
40% on housing$70,020/yr
45% on housing$62,240/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

$225This 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
2026-07-16Listed for sale$299,000
2026-06-22Listing removed$299,000
2026-06-11Pending sale$299,000
2026-05-15Price change$299,000
2026-05-02Price change$308,000
2026-04-10Listed for sale$315,000
2022-04-07Sold$320,000
2022-03-23Pending sale$290,000
2022-03-18Contingent$290,000
2022-03-17Listed for sale$290,000
2018-12-17Sold$215,000
2018-03-20Sold$214,999
2018-03-10Pending sale$214,999
2018-02-26Price change$214,999
2018-02-03Listed for sale$215,000
2017-04-11Sold$186,000
2016-11-21Sold$180,000
2009-07-02Sold$168,000
2009-05-22Listed for sale$175,000
1999-06-16Sold$142,000
1995-06-26Sold$112,000

For Sale by Agent

AgentLili Jones
BrokerageWare Jones, REALTORS

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