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5492 Park Ave, Memphis, TN, 38119

3beds
3baths
1,998sqft
$475,000
$238price/sqft
$3,351/moest. monthly cost
$134,040/yrincome needed

About This Home

$10,000 Builder Credit & 4.75% Interest Rate Offered! East End Village is a Brand New Exclusive Gated Community of 26 luxury townhomes in the heart of East Memphis. Designed by Shapiro & Co. & built by Griffin Elkington, sleek quality finishes are showcased throughout. Featuring a modern, open plan with wood floors & 10 ft ceilings down evoking a quiet luxury lifestyle focusing on practicality for 2026. Premium kitchen with quartz countertops & island, Bosch SS appliances & custom crafted cabinetry offering maximum functionality & storage. The downstairs primary suite with spa inspired bath includes frameless walk-in shower & double vanities. Upstairs you'll find 2 spacious bedrooms with Jack/Jill bath & a multi-use flex space with custom dry bar. There's an awesome private rooftop patio that's perfect for unwinding. Attached 2-car garage w/ epoxy floors. Low maintenance & easy living with ultimate privacy. Builder incentives available for a limited time. Prime East Memphis location!

Getting Around

40
WalkingCar-Dependent
29
TransitSome Transit
39
BikeSomewhat Bikeable

Schools

4/10
6/10
Colonial Middle SchoolGrades 6-81.3 mi
8/10
White Station High SchoolGrades 9-121.7 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Composition Shingles
  • Construction materials: Brick Veneer

Other

  • Builder name: Griffin Elkington

Type & Style

  • Home type: Townhouse
  • Architectural style: Traditional
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Range/Oven
  • Laundry features: Laundry Closet

Bedroom2

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

Bedroom3

  • Features: Shared Bath
  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Double Vanity Bath,Full Bath Down,Half Bath Down,Luxury Primary Bath,Primary Down,High Ceilings,Smooth Ceiling,Walk-In Closet(s),1 1/2 Bath,Den/Great Room,Kitchen,Primary Bedroom,1 Bath,2nd Bedroom,3rd Bedroom,Square Feet Source: Floor Plans (Builder/Architecture)
  • Flooring: Part Carpet,Part Hardwood,Tile

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,998 sqft

Kitchen

  • Features: Breakfast Bar,Eat-in Kitchen,Kitchen Island,Updated/Renovated Kitchen
  • Area: 162

Living Room

  • Features: Great Room
  • Area: 270

Master Bathroom

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

Master Bedroom

  • Features: Hardwood Floor,Smooth Ceiling
  • Level: First
  • Area: 195

Office

  • Features: Hardwood Floor
  • Level: Second

Property

Details

  • Parcel number: 067086C00001
  • Attached to another structure: Yes

Features

  • Stories: 2
  • Pool features: None
  • Patio & porch: Covered Patio
  • Exterior features: Auto Lawn Sprinkler,Balcony,Pet Area
  • Fencing: Wrought Iron,Wood,Iron Fence

Lot

  • Lot size: 2,245 sqft
  • Features: Level,Other (See Remarks),Professionally Landscaped,Well Landscaped Grounds
  • Lot size dimensions: 2,245 SQ FT

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Rear,Guest,Garage Door Opener,Gated
  • Has garage: Yes
  • 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
  • Heat Wave
    Heat WaveRelatively High
  • Earthquake
    EarthquakeModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Earthquake
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 $2,401$28,812
Home Insurance $392$4,704
Property Taxes $383$4,596
Electricity $175$2,103
Total$3,351$40,212

Income You'd Need if You Spent...

35% on housing$114,891/yr
40% on housing$100,530/yr
45% on housing$89,360/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

$238This listing

vs Other Active Listings

Avg $/sqft

ZIP 38119$129
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38119$145
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
2026-03-08Price change$479,000
2026-02-11Listed for sale$485,000
2026-01-30Listing removed$485,000
2026-01-26Listed for sale$485,000
2025-11-20Listing removed$485,000
2025-07-14Listed for sale$485,000
2025-07-05Listing removed$485,000
2025-03-05Listed for sale$485,000
2025-01-22Listing removed$485,000
2024-12-10Listed for sale$485,000

New Construction

AgentBeau C Elkington
BrokerageRiver City Land Co., LLC

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