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760 Margie Dr, Memphis, TN, 38127

3beds
1baths
1,125sqft
$103,750
$92price/sqft
$1,000/moest. monthly cost
$40,000/yrincome needed

About This Home

Welcome to 760 Margie Drive, a charming and well-maintained home tucked away in a serene setting in Memphis, TN 38127. Featuring 3 bedrooms and 1 bathroom, the layout is both functional and cozy, providing a warm and welcoming atmosphere for everyday living. This property offers an excellent opportunity for investors seeking immediate rental income. Whether you're looking to expand your portfolio or secure a steady income-producing asset, this home presents strong potential. Conveniently located near local schools, parks, and everyday amenities, it offers both comfort and accessibility—making it appealing for long-term tenants. Don't miss out! TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Leased through 3/3/2027 at $950/month.

Getting Around

9
WalkingCar-Dependent
0
TransitNo Nearby Transit
24
BikeSomewhat Bikeable

Schools

5/10
3/10
Trezevant High SchoolGrades 9-124.5 mi
5/10
Woodstock Middle SchoolGrades 6-84.0 mi

Construction

Condition

  • Year built: 1972

Materials

  • Construction materials: Brick Veneer

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

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

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,125 sqft

Living Room

  • Features: Separate Living Room

Property

Details

  • Parcel number: D0134 E00067

Features

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

Lot

  • Lot size: 9,583 sqft
  • Features: Level
  • Lot size dimensions: 85 x 115

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
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Earthquake
Landslide

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 $524$6,288
Home Insurance $218$2,616
Property Taxes $83$996
Electricity $175$2,103
Total$1,000$12,000

Income You'd Need if You Spent...

35% on housing$34,285/yr
40% on housing$30,000/yr
45% on housing$26,666/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

$92This listing

vs Other Active Listings

Avg $/sqft

ZIP 38127$49
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38127$71
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
2026-03-30Listed for sale$103,750
2024-09-05Listing removed$705
2024-07-11Listed for rent$705
2024-03-07Listing removed--
2023-11-20Listed for rent$950
2020-02-03Listing removed$705
2020-01-08Sold$68,000
2019-11-27Listed for rent$705
2019-11-08Sold$34,300
2019-10-23Listed for sale$35,900
2018-08-19Listing removed$680
2018-08-03Price change$680
2018-06-16Listed for rent$705
2018-05-23Sold$21,000
2018-02-03Price change$25,500
2017-12-07Listed for sale$22,000
2017-10-13Listing removed$31,000
2017-08-03Listed for sale$31,000
2009-02-17Sold$20,000

For Sale by Agent

AgentJames C Wachob
BrokerageFoundation Property Management

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