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386 McFarland Dr, Memphis, TN, 38109

3beds
2baths
1,402sqft
$69,000
$49price/sqft
$714/moest. monthly cost
$28,560/yrincome needed

About This Home

HANDYMAN SPECIAL.  3 bedroom, 2 bathroom, 1,400 sq ft house loaded with potential!  Fenced-in lot, 1 car garage, spacious interior, fenced-in backyard with storage shed, would make an excellent starter home or long-term rental property!  Needs a full renovation.  Mold and water intrusion in the back of the home – be aware and wear a respirator when viewing the property.  Seller selling as is.  Pictures are current as of April 2026.

Getting Around

6
WalkingCar-Dependent
26
TransitSome Transit
21
BikeSomewhat Bikeable

Schools

4/10
Geeter SchoolGrades PK-80.9 mi
5/10

Construction

Condition

  • Year built: 1960

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Den

  • Area: 100

Dining Room

  • Area: 100

Features

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

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,402 sqft

Kitchen

  • Features: Eat-in Kitchen

Living Room

  • Area: 100

Master Bedroom

  • Area: 100

Property

Details

  • Parcel number: 075248 00011

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Patio

Lot

  • Lot size: 7,405 sqft
  • Features: Level
  • Lot size dimensions: 65 x 120

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 WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Tornado
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 $348$4,176
Home Insurance $136$1,632
Property Taxes $55$660
Electricity $175$2,103
Total$714$8,568

Income You'd Need if You Spent...

35% on housing$24,480/yr
40% on housing$21,420/yr
45% on housing$19,040/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

$49This 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
2026-04-17Listed for sale$69,000
2026-03-19Sold$50,218
2026-02-19Listed for sale$87,000
2026-02-02Pending sale$87,000
2026-01-13Listed for sale$87,000
2026-01-08Pending sale$87,000
2025-11-19Listed for sale$87,000
2025-11-16Pending sale$87,000
2025-11-12Price change$87,000
2025-09-16Listed for sale$97,000
2025-09-15Pending sale$97,000
2025-09-04Listed for sale$97,000

For Sale by Agent

AgentJeremy R Veldman
BrokerageKAIZEN Realty, LLC

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