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2848 Old Elm Ln, Germantown, TN, 38138

4beds
3baths
3,767sqft
$599,900
$159price/sqft
$4,231/moest. monthly cost
$169,240/yrincome needed

About This Home

Welcome to this spacious 4 bedroom, 3 bathroom home in the Forest Glen neighborhood of Germantown, TN! Offering more than 3,700 sq ft with a functional layout featuring 2 bedrooms down which is unique to find in Germantown. There are also 2 additional oversized bedrooms upstairs. You’ll love the updated kitchen with island, smooth ceilings, large den/great room with fireplace, and multiple living spaces including a sunroom and separate dining room. Recent updates include a new roof (2021) and new water heater (2024). The primary suite features double sinks, separate shower, sitting area, and walk-in closet. Situated on a beautiful lot with fenced backyard, 2-sided deck, and side-load garage with a circle drive. Convenient Germantown location close to shopping, dining, parks, and top-rated schools. Tons of space, timeless character, and move-in ready potential all in one! Select images have been virtually staged.

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

8/10
8/10
Houston Middle SchoolGrades 6-82.7 mi
9/10
Houston High SchoolGrades 9-123.0 mi

Construction

Condition

  • Year built: 1981

Materials

  • Foundation: Slab
  • Roof: Composition Shingles
  • Construction materials: Wood/Composition,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Microwave
  • Laundry features: Laundry Room

Bedroom2

  • Features: Carpet,Shared Bath
  • Level: First
  • Area: 221

Bedroom3

  • Features: Carpet,Shared Bath,Walk-In Closet(s)
  • Level: Second
  • Area: 416

Bedroom4

  • Features: Carpet,Shared Bath,Walk-In Closet(s)
  • Level: Second
  • Area: 500

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Den

  • Area: 462

Dining Room

  • Features: Separate Dining Room
  • Area: 224

Features

  • 1 or More BR Down,Primary Down,Separate Tub & Shower,Smooth Ceiling,Powder/Dressing Room,Dining Room,Den/Great Room,Kitchen,Primary Bedroom,2nd Bedroom,2 or More Baths,Laundry Room,Sun Room,1 Bath,3rd Bedroom,4th or More Bedrooms,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Part Hardwood,Part Carpet,Tile
  • Number of fireplaces: 1
  • Fireplace features: In Den/Great Room
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total interior livable area: 3,767 sqft

Kitchen

  • Features: Updated/Renovated Kitchen,Eat-in Kitchen,Kitchen Island
  • Area: 140

Living Room

  • Features: Great Room

Master Bathroom

  • Features: Double Vanity,Separate Shower,Tile Floor,Full Bath

Master Bedroom

  • Features: Carpet,Sitting Area,Walk-In Closet(s)
  • Level: First
  • Area: 266

Office

  • Features: Hardwood Floor,Shared Bath
  • Level: First
  • Area: 169

Property

Details

  • Parcel number: G0231 00432

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck
  • Fencing: Wood,Wood Fence

Lot

  • Lot size: 0.43 Acres
  • Features: Some Trees,Level
  • Lot size dimensions: 135 x 140

Parking

  • Total spaces: 2
  • Parking features: Circular Driveway,Garage Door Opener,Garage Faces Side
  • Has garage: Yes
  • Covered spaces: 2
  • 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

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Earthquake
Heat Wave
Inland Flooding

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 $3,033$36,396
Home Insurance $408$4,896
Property Taxes $484$5,808
Electricity $306$3,672
Total$4,231$50,772

Income You'd Need if You Spent...

35% on housing$145,062/yr
40% on housing$126,930/yr
45% on housing$112,826/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

$159This listing

vs Other Active Listings

Avg $/sqft

ZIP 38138$173
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38138$163
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
2026-08-17Price change$599,500
2026-07-09Price change$599,900
2026-06-12Price change$600,000
2026-05-28Listed for sale$610,000
2023-07-07Sold$500,000
2023-05-19Contingent$498,000
2023-05-11Price change$498,000
2023-05-02Price change$529,000
2023-04-27Listed for sale$559,000
2021-05-19Sold$475,000
2021-05-04Pending sale$455,000
2021-04-10Listed for sale$455,000
2017-06-15Sold$343,000
2013-12-06Sold$305,000
2012-10-07Listing removed$319,900
2012-04-07Listed for sale$319,900
1997-05-02Sold$235,000

For Sale by Agent

AgentNatalie F Murphy
BrokerageMidSouth Residential, LLC

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