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3431 Carnes Ave, Memphis, TN, 38111

2beds
1baths
1,094sqft
$148,500
$136price/sqft
$1,247/moest. monthly cost
$49,880/yrincome needed

About This Home

Modern functionality meets Historic charm in this cozy 1930's Cottage just minutes from the Highland Strip & U of M in the Prescott Circle neighborhood.This home has been tastefully designed and updated for today's lifestyle.The home features an open floor plan with a Kitchen featuring all new modern cabinets,stone countertops and brand new appliances,a Dining room with built-in pantry and coffee bar,a Main Bedroom with a walk-in closet,a full Bath with a Double Sink Vanity,a new Electric Fireplace in the Living room and newer vinyl windows that tilt out for easy cleaning.You will also love all the charming historic features of this home - beautifully refinished original hardwood floors throughout,oversized original millwork, textured plaster walls, original brick Fireplace with a millwork surround and most of the original brass door hardware.Outside you will find a charming,large covered front porch,a private side yard with deck,a fenced backyard and all around low care landscaping.

Getting Around

78
WalkingVery Walkable
33
TransitSome Transit
62
BikeBikeable

Schools

4/10
5/10
Sherwood Middle SchoolGrades 6-80.8 mi
3/10
Melrose High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1938

Materials

  • Foundation: Slab
  • Roof: Composition Shingles
  • Construction materials: Aluminum/Steel Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater,Range/Oven,Dishwasher,Microwave,Refrigerator
  • Laundry features: Laundry Room

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: Hardwood Floor
  • Area: 144

Bedrooms & Bathrooms

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

Bonus Room

  • Area: 162

Dining Room

  • Features: Separate Dining Room
  • Area: 117

Features

  • All Bedrooms Down,Split Bedroom Plan,Renovated Bathroom,Double Vanity Bath,Walk-In Closet(s),Mud Room,Living Room,Dining Room,Kitchen,Primary Bedroom,2nd Bedroom,1 Bath,Laundry Room,Other (See REMARKS),Square Feet Source: Maar Data plus heated SF added
  • Door features: Storm Door(s)
  • Window features: Double Pane Windows,Window Treatments
  • Flooring: Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Masonry,Decorative,Living Room,Other (See Remarks)
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,094 sqft

Kitchen

  • Features: Updated/Renovated Kitchen,Pantry
  • Area: 80

Living Room

  • Features: Separate Living Room
  • Area: 208

Master Bathroom

  • Features: Double Vanity,Tile Floor

Master Bedroom

  • Features: Walk-In Closet(s),Hardwood Floor
  • Area: 156

Property

Details

  • Parcel number: 045116 00001

Features

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

Lot

  • Lot size: 6,534 sqft
  • Features: Some Trees,Level,Landscaped
  • Lot size dimensions: 60 x 110

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 WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High

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 $750$9,000
Home Insurance $202$2,424
Property Taxes $120$1,440
Electricity $175$2,103
Total$1,247$14,964

Income You'd Need if You Spent...

35% on housing$42,754/yr
40% on housing$37,410/yr
45% on housing$33,253/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

$136This listing

vs Other Active Listings

Avg $/sqft

ZIP 38111$103
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
2026-07-28Listed for sale$148,500
2013-12-03Sold$45,000
2006-01-20Sold$54,732
1996-01-10Sold$48,000

For Sale by Agent

AgentSandy Branson
BrokerageKAIZEN Realty, LLC

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