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1001 Canary Ln, Memphis, TN, 38109

4beds
2baths
1,138sqft
$100,000
$88price/sqft
$957/moest. monthly cost
$38,280/yrincome needed

About This Home

Forget the "fixer-upper" nightmares—this is a Fresh Start. Once a disaster zone, this property has been stripped of the junk and prepped for a total transformation. We’ve cleared the canvas so you can paint the profit. The Heavy Lifting is Done: New Roof & Eaves: Recently replaced to seal the envelope and protect your investment. Clean Slate: All broken appliances, rotted cabinets, and old toilets have been hauled away. Ready for Vision: No demo delays. This home is gutted and ready for a modern floor plan, designer kitchen, and fresh finishes. Whether you're a seasoned pro or an aspiring Joanna Gaines, this is the "buy low, flip high" opportunity you’ve been waiting for. Skip the demolition headaches and jump straight into the rebuild. Terms: Sold AS-IS via SmartSale.com. Reserve: $100,000. Bring your crew and your imagination. The bones are bare, the roof is new, and the potential is massive.

Getting Around

8
WalkingCar-Dependent
25
TransitSome Transit
23
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1969

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Property

Lot

  • Lot size: 5,662 sqft

Parking

  • Parking features: Driveway/Pad
  • 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 $505$6,060
Home Insurance $197$2,364
Property Taxes $80$960
Electricity $175$2,103
Total$957$11,484

Income You'd Need if You Spent...

35% on housing$32,811/yr
40% on housing$28,710/yr
45% on housing$25,520/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

$88This 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)

No zestimate history available

Price History

No price history available

For Sale by Agent

AgentJason D Miller
BrokerageeXp Realty, LLC

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