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3896 Paula Dr, Memphis, TN, 38116

4beds
2baths
2,667sqft
$227,000
$85price/sqft
$1,875/moest. monthly cost
$75,000/yrincome needed

About This Home

Timeless craftsmanship meets endless potential in this spacious 4BR/2BA home offering 2,667 sq. ft. Features include two bedrooms downstairs and two upstairs, beautiful hardwood floors, elegant pocket doors, marble window ledges throughout, and a stunning broken mosaic entry. The oversized den boasts a striking brick fireplace and opens seamlessly to the kitchen—a floor plan well ahead of its time—while triple French doors create an inviting space for entertaining. The spacious laundry room with utility sink offers the opportunity to create a true private primary bath, and the attached office could easily become a generous walk-in closet. A 2-car carport, storage shed, and abundant storage add everyday convenience. Rich in character and architectural details rarely found today, this home offers an incredible opportunity to restore and personalize. Will go FHA may need minimum repairs. Some images are virtually staged to show design potential

Getting Around

30
WalkingCar-Dependent
22
TransitMinimal Transit
43
BikeSomewhat Bikeable

Schools

6/10
4/10
Hillcrest High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1961

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Water Heater,Cooktop,Dishwasher,Disposal,Gas Cooktop,Range/Oven
  • Laundry features: Laundry Room

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: Carpet,Hardwood Floor
  • Level: First
  • Area: 156

Bedroom3

  • Features: Hardwood Floor
  • Level: Second
  • Area: 208

Bedroom4

  • Features: Carpet,Hardwood Floor,Shared Bath
  • Level: Second
  • Area: 182

Bedrooms & Bathrooms

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

Den

  • Area: 208

Dining Room

  • Features: Separate Dining Room
  • Area: 132

Features

  • 1 or More BR Down,Full Bath Down,Primary Down,Textured Ceiling,1 Bath,2nd Bedroom,Den/Great Room,Dining Room,Kitchen,Laundry Room,Living Room,Primary Bedroom,1 Bath,2nd Bedroom,3rd Bedroom,Square Feet Source: Appraisal
  • Window features: Wood Frames
  • Flooring: Part Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Glass Doors,In Den/Great Room
  • Fireplace: Yes
  • Attic: Walk-In

Heating & Cooling

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

Interior Area

  • Total interior livable area: 2,667 sqft

Kitchen

  • Features: Eat-in Kitchen,W/D Connection in Kitchen,Washer/Dryer Connections
  • Area: 156

Living Room

  • Features: LR/DR Combination,Separate Den,Separate Living Room
  • Area: 247

Master Bathroom

  • Features: Tile Floor,Full Bath

Master Bedroom

  • Features: Hardwood Floor
  • Level: First
  • Area: 180

Office

  • Area: 54

Property

Details

  • Parcel number: 078062 00019
  • Other equipment: Intercom

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Covered Patio
  • Exterior features: Sidewalks

Lot

  • Lot size: 0.45 Acres
  • Features: Some Trees
  • Lot size dimensions: 129 x 145

Parking

  • Total spaces: 4
  • Parking features: Driveway/Pad,More than 3 Coverd Spaces,Storage
  • Covered spaces: 4
  • 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

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Earthquake

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 $1,147$13,764
Home Insurance $329$3,948
Property Taxes $183$2,196
Electricity $216$2,600
Total$1,875$22,500

Income You'd Need if You Spent...

35% on housing$64,285/yr
40% on housing$56,250/yr
45% on housing$50,000/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

$85This listing

vs Other Active Listings

Avg $/sqft

ZIP 38116$73
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38116$94
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
2026-08-12Pending sale$190,000
2026-08-05Price change$190,000
2026-07-28Price change$227,000
2026-07-01Listed for sale$229,000
2003-02-12Sold$140,000

For Sale by Agent

AgentLandra Pryor
BrokerageCrye-Leike, Inc., REALTORS

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