1198 Canary Ln, Memphis, TN, 38109
About This Home
Tenant-occupied 3 bed with a charming brick exterior. Inside, your tenant will enjoy low-maintenance plank flooring in kitchen and living areas, tile in the baths and cozy carpet in the bedrooms. The fenced backyard offers space for entertaining friends and family. This property is an excellent addition to any investment portfolio, with a tenant in place. Professionally managed for added peace of mind. Pictures are from March 2025 prior to the current tenant moving in. Property was renovated in 2020 with new 30 year roof, water heater, condenser & coil, stove, vent-a-hood, blinds, door knobs, pulls, faucets, lighting fixtures, ceiling fans, vinyl plank flooring. See attached 2020 renovation list. Property also went through rent ready work in 2025 prior to the new tenant.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1971
Materials
- Roof: Composition Shingles
- Construction materials: Brick Veneer
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven
Bedroom2
- Level: First
Bedroom3
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- All Bedrooms Down,Den/Great Room,Kitchen,Primary Bedroom,2nd Bedroom,3rd Bedroom,1 Bath,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Window features: Window Treatments
- Flooring: Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total interior livable area: 1,068 sqft
Living Room
- Features: Great Room
Master Bathroom
- Features: Tile Floor
Master Bedroom
- Level: First
Property
Details
- Parcel number: 082018 00020
Features
- Stories: 1
- Pool features: None
Lot
- Lot size: 6,098 sqft
- Features: Level
- Lot size dimensions: 65 x 95
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
- Heat Wave
- Tornado
- Earthquake
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 | $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...
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-13 | Listed for sale | $99,900 |
| 2026-05-01 | Listing removed | $99,900 |
| 2025-10-08 | Listed for sale | $99,900 |
| 2025-10-04 | Pending sale | $99,900 |
| 2025-09-01 | Listed for sale | $99,900 |
| 2025-04-28 | Listing removed | $925 |
| 2025-04-15 | Listed for rent | $925 |
| 2025-04-15 | Listing removed | $925 |
| 2025-04-09 | Price change | $925 |
| 2025-03-19 | Listed for rent | $975 |
| 2021-03-18 | Sold | $79,000 |
| 2021-02-24 | Listing removed | -- |
| 2021-02-04 | Listed for rent | $795 |
| 2021-01-26 | Sold | $15,301 |
| 2008-02-26 | Sold | $13,650 |
| 2007-04-03 | Sold | $24,500 |
View on Zillow