2997 Walnut Grove Rd #3, Memphis, TN, 38111
About This Home
Experience Gated Living in a quiet community for an unbelievably affordable price. Walnut Grove Co-op is Truly a little gem of a community hidden in East Memphis. Two bedrooms, 1 bath, with hardwood floors and renovated kitchen. This unit has 1 new high eff. HVAC system 2024 furnace and compressor. New gas hot water heater 2022, high efficiency storm windows throughout, new kitchen cabinets, floor and tile floor, garbage disposal. HOA $350 a month. All Property taxes, all exterior maintenance, grounds keeping, trash pickup, and water are included in the HOA fees! This Co-op Community is fiscally healthy and all units have new roofs and most units have new sewer lines! Storage space in attic. One of 3 Co-op communities in Memphis! Welcome home!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Construction materials: Brick Veneer
Type & Style
- Home type: Apartment
- Architectural style: Traditional
- Property subType: Apartment
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Two Primaries,Square Feet Source: closed similar listings in same complex
- Flooring: Hardwood,Part Hardwood,Tile
Heating & Cooling
- Heating features: Central,Natural Gas
- Cooling features: Central Air
Interior Area
- Total interior livable area: 745 sqft
Kitchen
- Features: W/D Connection in Kitchen
Living Room
- Features: Separate Living Room
Property
Details
- Attached to another structure: Yes
Features
- Stories: 1
- Pool features: None
- Patio & porch: Porch
- Exterior features: On-Site Storage,Storage,Sidewalks
Lot
- Features: Landscaped,Level,Some Trees
- Lot size dimensions: 0 x 0
Parking
- Parking features: Assigned,Gate Clickers,Gated,Parking Lot
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
- Earthquake
- Heat Wave
- Tornado
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 | $302 | $3,624 |
| Home Insurance | $81 | $972 |
| Property Taxes | $48 | $576 |
| Electricity | $175 | $2,103 |
| Total | $606 | $7,272 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Listed for sale | $68,000 |
View on Zillow