3051 Park Ave, Memphis, TN, 38111
About This Home
Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1947
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Other (See Remarks),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: 1,320 sqft
Property
Details
- Parcel number: 059066 00003
Features
- Stories: 1
- Pool features: None
- Exterior features: Other (See REMARKS)
Lot
- Lot size: 6,534 sqft
- Features: Level
- Lot size dimensions: 50 x 137
Parking
- Parking features: Other (See REMARKS)
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
- Earthquake
- Heat Wave
- Tornado
- Lightning
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 | $894 | $10,728 |
| Home Insurance | $240 | $2,880 |
| Property Taxes | $142 | $1,704 |
| Electricity | $175 | $2,103 |
| Total | $1,451 | $17,412 |
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 |
|---|---|---|
| 2026-01-20 | Listed for sale | $176,890 |
| 2024-09-20 | Sold | $20,000 |
| 2024-09-12 | Pending sale | $23,900 |
| 2024-09-06 | Listed for sale | $23,900 |
| 2022-03-02 | Sold | $148,000 |
| 2022-02-22 | Pending sale | $152,000 |
| 2022-02-10 | Contingent | $152,000 |
| 2022-01-31 | Listed for sale | $152,000 |
| 2020-03-13 | Sold | $26,000 |
| 2019-11-08 | Price change | $30,000 |
| 2019-11-01 | Listed for sale | $32,999 |
| 2018-01-26 | Sold | $50,000 |
| 2018-01-09 | Pending sale | $5,000 |
| 2018-01-05 | Listed for sale | $5,000 |
| 2016-11-21 | Sold | $25,000 |
| 2014-04-08 | Listing removed | $350 |
| 2014-01-02 | Listed for rent | $350 |
| 2012-06-28 | Sold | $61,100 |
| 2011-11-14 | Sold | $7,500 |
| 2011-10-09 | Pending sale | $9,555 |
| 2011-09-09 | Price change | $9,555 |
| 2011-08-31 | Listed for sale | $10,500 |
| 2011-08-25 | Pending sale | $10,500 |
| 2011-08-16 | Listed for sale | $10,500 |
| 2010-09-02 | Sold | $19,250 |
| 2001-11-17 | Sold | $15,000 |
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