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1255 Colonial Rd, Memphis, TN, 38117

4beds
3baths
2,461sqft
$340,000
$138price/sqft
$2,480/moest. monthly cost
$99,200/yrincome needed

About This Home

Welcome to this beautifully designed home built in 2020, located in the highly sought-after Colonial Acres neighborhood. Offering 4 bedrooms, 3 bathrooms, and a 2-car attached carport, this home combines modern style, functional living space, and exceptional outdoor amenities. Step inside to find gorgeous wood-look luxury vinyl plank (LVP) flooring throughout the main level and an open-concept floor plan. The spacious living area flows seamlessly into the stunning kitchen, featuring white cabinetry, granite countertops, stainless steel appliances, and ample workspace for cooking and gathering. The thoughtfully designed layout includes a laundry room and generously sized bedrooms, providing comfort and convenience for the entire household. Upstairs, you'll discover a versatile 21' x 13' loft area that can serve as a media room, playroom, home office, or workout area. Outside, enjoy a large backyard with fire pit area and a deck. *virtually staged.

Getting Around

31
WalkingCar-Dependent
25
TransitSome Transit
51
BikeBikeable

Schools

4/10
6/10
Colonial Middle SchoolGrades 6-80.3 mi
3/10
Overton High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 2020

Materials

  • Construction materials: Brick Veneer

Type & Style

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

Interior

Appliances

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

Bedroom2

  • Area: 154

Bedroom3

  • Area: 221

Bedroom4

  • Area: 210

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Bonus Room

  • Area: 273

Features

  • 1 or More BR Down,Primary Down,Vaulted/Coffered Primary,Luxury Primary Bath,Double Vanity Bath,Full Bath Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Part Carpet,Tile,Vinyl

Heating & Cooling

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

Interior Area

  • Total interior livable area: 2,461 sqft

Kitchen

  • Features: Updated/Renovated Kitchen,Eat-in Kitchen,Kitchen Island
  • Area: 160

Living Room

  • Features: LR/DR Combination
  • Area: 266

Master Bathroom

  • Features: Double Vanity,Separate Shower,Tile Floor

Master Bedroom

  • Area: 247

Property

Details

  • Parcel number: 065023 00017

Features

  • Stories: 2
  • Pool features: None
  • Patio & porch: Deck
  • Fencing: Wood,Wood Fence

Lot

  • Lot size: 0.28 Acres
  • Features: Level
  • Lot size dimensions: 70 x 175

Parking

  • Total spaces: 2
  • Parking features: Driveway/Pad
  • Covered spaces: 2
  • 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
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Earthquake
Inland Flooding

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 $1,719$20,628
Home Insurance $288$3,456
Property Taxes $274$3,288
Electricity $199$2,399
Total$2,480$29,760

Income You'd Need if You Spent...

35% on housing$85,028/yr
40% on housing$74,400/yr
45% on housing$66,133/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

$138This listing

vs Other Active Listings

Avg $/sqft

ZIP 38117$154
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38117$173
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
2026-08-17Pending sale$325,000
2026-08-13Price change$325,000
2026-07-23Price change$340,000
2026-06-04Listed for sale$350,000
2020-07-16Sold$320,000
2020-06-14Pending sale$325,000
2020-05-05Listed for sale$325,000
2018-10-15Sold$19,500
2016-12-28Listing removed$815
2013-06-03Listing removed$775
2013-05-10Listed for rent$775

For Sale by Agent

AgentDonnie K Morrow
BrokerageeXp Realty, LLC

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