2800 Mountain Terrace St, Memphis, TN, 38127
About This Home
Spacious 2 bedroom and 1 bath single family house in Frayser area on a huge 1.3 acre lot available at discounted price! The home features 2 bedrooms in addition to large family room with a handsome fireplace which can be used a 3rd bedroom. Very private setting up on a hill with a separate carport and back storage building. Roof is approximately 3 years old. The home had central heating and air, but the unit was stolen while vacant. 1480 square feet per assessor records. Good neighborhood and a brand new Frayser public library. Unpainted brick exterior is in good shape. Needs some interior and exterior renovation, but the value is in the land and neighborhood. The home has been continuously rented out for the last 10 years by a local owner. Last tenant moved out Jan. 2026. Proof of funds will be required with all bids. $1,000 mandatory earnest money to be held by Seller's closing attorney. Selling as-is and prefer to close within 30 days. Will consider best offers.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Construction materials: Brick Veneer,Wood/Composition
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- 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: Part Hardwood,Tile
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Other (See REMARKS)
- Cooling features: Other (See REMARKS)
Interior Area
- Total interior livable area: 1,480 sqft
Living Room
- Features: Great Room
Property
Details
- Parcel number: 072047 00165
Features
- Stories: 1
- Pool features: None
Lot
- Lot size: 1.31 Acres
- Features: Some Trees
- Lot size dimensions: 153 x 473
Parking
- Total spaces: 2
- Parking features: Driveway/Pad,Storage
- 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
- Lightning
- Winter Weather
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 | $449 | $5,388 |
| Home Insurance | $187 | $2,244 |
| Property Taxes | $71 | $852 |
| Electricity | $175 | $2,103 |
| Total | $882 | $10,584 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-13 | Listed for sale | $78,650 |
| 2010-02-18 | Sold | $17,000 |
| 2010-01-02 | Price change | $24,500 |
| 2009-11-28 | Listed for sale | $27,000 |
| 2009-11-24 | Sold | $68,978 |
| 2007-06-14 | Sold | $85,000 |
| 2000-11-16 | Sold | $75,000 |
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