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3965 Hedgerow Dr, Memphis, TN, 38109

4beds
2baths
1,324sqft
$119,900
$91price/sqft
$1,113/moest. monthly cost
$44,520/yrincome needed

About This Home

This beautifully renovated home offers true move-in ready convenience, making it an excellent opportunity for both homeowners and investors alike. Thoughtfully updated throughout, the property features modern finishes and refreshed interiors that create a clean, comfortable living space from the moment you walk in. . The home is currently vacant and ready for immediate occupancy or rental, allowing for a seamless transition whether you're looking to move in or generate income right away. With strong rental potential and turnkey condition, this property is well-suited for investors seeking dependable returns, while also appealing to buyers looking for a low-maintenance home. The Seller of the property will place a new HVAC and Furnace at the time of closing. Please note: traditional financing offers preferred.

Getting Around

25
WalkingCar-Dependent
27
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

4/10
Levi Elementary SchoolGrades PK-50.5 mi
4/10
3/10

Construction

Condition

  • Year built: 1963

Materials

  • Foundation: Slab
  • Roof: Composition Shingles
  • Construction materials: Brick Veneer,Wood/Composition

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • All Bedrooms Down,Living Room,Kitchen,Primary Bedroom,2nd Bedroom,3rd Bedroom,4th of More Bedrooms,2 or More Baths,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Wood Laminate Floors

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,324 sqft

Kitchen

  • Features: Updated/Renovated Kitchen

Property

Details

  • Parcel number: 075105 00087

Features

  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.30 Acres
  • Features: Level,Corner Lot
  • Lot size dimensions: 94 x 140

Parking

  • Total spaces: 1
  • Parking features: Driveway/Pad
  • Covered spaces: 1
  • 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 WaveVery High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Tornado
Inland Flooding
Lightning

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 $606$7,272
Home Insurance $236$2,832
Property Taxes $96$1,152
Electricity $175$2,103
Total$1,113$13,356

Income You'd Need if You Spent...

35% on housing$38,160/yr
40% on housing$33,390/yr
45% on housing$29,680/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

$91This listing

vs Other Active Listings

Avg $/sqft

ZIP 38109$44
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38109$80
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)

Price History

DateEventPrice
2026-06-29Price change$119,900
2026-05-20Listed for sale$140,000
2024-03-02Listing removed--
2024-02-09Listed for rent$1,175
2023-04-26Sold$136,000
2022-11-29Pending sale$145,600
2022-07-15Sold$70,000
2012-09-27Sold$10,500
2012-08-18Listed for sale$10,500
1999-02-11Sold$55,500

For Sale by Agent

AgentAlex Evans
BrokerageReedy & Company, REALTORS

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