5534 Walnut Grove Rd, Memphis, TN, 38120
About This Home
Here's your chance to own a massive 5-bedroom, 3.5-bath home with a finished attic totaling over 4,000 sq ft in the heart of prestigious East Memphis 38120 — at a below-market price! This is a rare opportunity to get into one of Memphis's most sought-after zip codes where fully updated homes command top dollar, and put your personal stamp on it. Sale is As-is, cash offers preferred.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1957
Materials
- Construction materials: Brick Veneer
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- 1 or More BR Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Carpet
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 4,298 sqft
Kitchen
- Features: Separate Breakfast Room
Property
Details
- Parcel number: 068046 00018
Features
- Stories: 1
- Pool features: None
- Patio & porch: Porch
Lot
- Lot size: 0.36 Acres
- Features: Level
- Lot size dimensions: 105 x 149
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
- Heat Wave
- Tornado
- Earthquake
- Inland Flooding
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 | $1,870 | $22,440 |
| Home Insurance | $312 | $3,744 |
| Property Taxes | $299 | $3,588 |
| Electricity | $349 | $4,190 |
| Total | $2,830 | $33,960 |
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 |
|---|---|---|
| 2026-08-09 | Price change | $339,900 |
| 2026-08-05 | Price change | $349,900 |
| 2026-07-27 | Listed for sale | $369,900 |
| 2026-07-27 | Listing removed | $394,999 |
| 2026-07-23 | Listed for sale | $394,999 |
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