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3197 Covington Pike, Memphis, TN, 38128

3beds
2baths
1,685sqft
$199,900
$119price/sqft
$1,624/moest. monthly cost
$64,960/yrincome needed

About This Home

No showing until after accepted offer. Tenant in place, PLEASE DO NOT DISTURB TENANTS!! Currently an investment property with tenants in place. Welcome to this well-maintained 3-bedroom, 2-bath home located in Raleigh Ridge Park. This attractive brick home features a 2-car carport, security doors, and a detached exterior storage building for additional storage space. Inside, you'll find wood laminate flooring throughout much of the home, with tile flooring in the kitchen and bathrooms for easy maintenance. The galley-style kitchen offers a pantry, breakfast area, and convenient access to the living spaces. The spacious den features a cozy fireplace, while a separate living room and formal dining room provide plenty of room for entertaining, or everyday living. With a functional floor plan and desirable features throughout, this home offers comfort, convenience, and value in a great location.

Getting Around

50
WalkingSomewhat Walkable
24
TransitMinimal Transit
44
BikeSomewhat Bikeable

Schools

6/10
Craigmont Middle SchoolGrades 6-80.5 mi
3/10
Craigmont High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1975

Materials

  • Construction materials: Brick Veneer,Wood/Composition

Type & Style

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

Interior

Bedrooms & Bathrooms

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

Dining Room

  • Features: Separate Dining Room

Features

  • All Bedrooms Down,Primary Down,Square Feet Source: Appraisal
  • Door features: Storm Door(s)
  • Window features: Aluminum Frames,Double Pane Windows
  • Flooring: Tile,Wood Laminate Floors
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Common Heat System,Natural Gas
  • Cooling features: Central Air,Common Cooling System

Interior Area

  • Total interior livable area: 1,685 sqft

Kitchen

  • Features: Eat-in Kitchen,Pantry

Living Room

  • Features: Separate Den,Separate Living Room

Property

Details

  • Parcel number: 087053 A00011

Features

  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.28 Acres
  • Features: Level
  • Lot size dimensions: 85 x 149

Parking

  • Total spaces: 2
  • Parking features: Other (See REMARKS)
  • Covered spaces: 2

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

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Tornado

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 $1,010$12,120
Home Insurance $278$3,336
Property Taxes $161$1,932
Electricity $175$2,103
Total$1,624$19,488

Income You'd Need if You Spent...

35% on housing$55,680/yr
40% on housing$48,720/yr
45% on housing$43,306/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

$119This listing

vs Other Active Listings

Avg $/sqft

ZIP 38128$75
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38128$104
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
2026-06-17Listed for sale$199,900
2019-11-08Sold$124,900
2019-11-04Listing removed$1,125
2019-10-14Listed for rent$1,125
2019-09-09Sold$78,000
2004-11-29Sold$105,000

For Sale by Agent

AgentChris Peaks
BrokerageCrye-Leike, Inc., REALTORS

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