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2424 Joy Ln, Memphis, TN, 38114

2beds
1baths
825sqft
$60,000
$73price/sqft
$634/moest. monthly cost
$25,360/yrincome needed

About This Home

Looking for your next investment property or an affordable place to call home. This property has plenty of potential.

Getting Around

51
WalkingSomewhat Walkable
29
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

3/10
Alcy Elementary SchoolGrades PK-51.3 mi
5/10
Sherwood Middle SchoolGrades 6-82.5 mi
3/10
Melrose High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1950

Materials

  • Construction materials: Brick Veneer

Type & Style

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

Interior

Bedrooms & Bathrooms

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

Features

  • All Bedrooms Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Carpet

Heating & Cooling

  • Heating features: Other (See REMARKS)
  • Cooling features: Window Unit(s)

Interior Area

  • Total interior livable area: 825 sqft

Living Room

  • Features: Separate Living Room

Property

Details

  • Parcel number: 06011700023

Features

  • Pool features: None

Lot

  • Lot size: 0.27 Acres
  • Features: Some Trees
  • Lot size dimensions: .27 ACRES

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
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • 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 $303$3,636
Home Insurance $108$1,296
Property Taxes $48$576
Electricity $175$2,103
Total$634$7,608

Income You'd Need if You Spent...

35% on housing$21,737/yr
40% on housing$19,020/yr
45% on housing$16,906/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

$73This listing

vs Other Active Listings

Avg $/sqft

ZIP 38114$69
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38114$115
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)

No zestimate history available

Price History

DateEventPrice
2026-08-04Pending sale$60,000
2026-07-06Listed for sale$60,000
1990-12-31Sold$29,900

For Sale by Agent

AgentShay D Powell
BrokerageCrye-Leike of MS, Inc.

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