1427 S Willett St, Memphis, TN, 38106
About This Home
Welcome to 1427 S. Willett St, a newly renovated 2 bedroom, 2 bathroom home located in the South Parkway-Willett subdivision of South Memphis. This home offers a perfect blend of classic charm, with the home originally built in 1926. This home is located in a majority-minority census tract, making the opportunity of down payment assistance programs available to most applicants. This home is also an attractive option for investors looking to invest in an growing area. No wholesalers, assignments, or creative financing offers will be considered per seller.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1926
Materials
- Construction materials: Brick Veneer
Type & Style
- Home type: SingleFamily
- Architectural style: Other (See Remarks)
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- All Bedrooms Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,244 sqft
Property
Details
- Parcel number: 048035 00006
Features
- Stories: 1
- Pool features: None
Lot
- Lot size: 5,662 sqft
- Features: Other (See Remarks)
- Lot size dimensions: 50 x 120
Parking
- Parking features: Driveway/Pad
- 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
- Heat Wave
- Earthquake
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $606 | $7,272 |
| Home Insurance | $367 | $4,404 |
| Property Taxes | $96 | $1,152 |
| Electricity | $175 | $2,103 |
| Total | $1,244 | $14,928 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Price change | $119,999 |
| 2026-06-08 | Price change | $124,999 |
| 2026-05-18 | Listed for sale | $129,999 |
| 2025-11-12 | Sold | $29,500 |
| 2025-09-03 | Price change | $39,900 |
| 2025-07-15 | Price change | $44,900 |
| 2025-04-24 | Price change | $49,900 |
| 2025-01-27 | Listed for sale | $54,900 |
| 2024-10-04 | Listing removed | $30,000 |
| 2024-05-30 | Price change | $34,900 |
| 2024-01-30 | Price change | $39,900 |
| 2023-05-06 | Price change | $49,500 |
| 2022-10-04 | Price change | $55,000 |
| 2022-08-15 | Listed for sale | $65,000 |
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