See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

449 Monroe Ave #115, Memphis, TN, 38103

2beds
3baths
1,485sqft
$279,000
$188price/sqft
$2,008/moest. monthly cost
$80,320/yrincome needed

About This Home

Fantastic 2 Bedroom 2.5 bath townhome style condo with Huge Private Garage. This condo has a patio on the first floor off the greatroom and a balcony off the Primary Bedroom. Both bedrooms are on the 2nd floor and both have ensuite baths. The laundry room is on the 2nd Floor. The private garage is below grade viewing from the Front of the unit. The vehicle entrance is on the rear of the development and is gated for secured access to your garage entrance. This is a great Short Term rental or great for an owner occupant. If there is interest in continuing short term rental we will share the income privately. Dont miss this one.

Getting Around

71
WalkingVery Walkable
47
TransitSome Transit
76
BikeVery Bikeable

Schools

2/10
3/10
Manassas High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 2008

Materials

  • Foundation: Slab
  • Roof: Built-Up/Flat
  • Construction materials: Aluminum/Steel Siding,Brick Veneer

Type & Style

  • Home type: Townhouse
  • Architectural style: Soft Contemporary
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Electric Water Heater,Dishwasher,Disposal,Dryer,Microwave,Range/Oven,Refrigerator,Washer
  • Laundry features: Laundry Room

Bedroom2

  • Features: Private Full Bath
  • Level: Second

Bedrooms & Bathrooms

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

Features

  • All Bedrooms Up,Luxury Primary Bath,1/2 Bath,Den/Great Room,Kitchen,2 or More Baths,2nd Bedroom,Primary Bedroom,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Part Carpet,Wood Laminate Floors

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,485 sqft

Kitchen

  • Features: Breakfast Bar,Kitchen Island

Living Room

  • Features: LR/DR Combination

Master Bathroom

  • Features: Double Vanity,Separate Shower,Full Bath

Master Bedroom

  • Features: Carpet
  • Level: Second

Property

Details

  • Parcel number: 007003 A00015
  • Attached to another structure: Yes

Features

  • Stories: 2
  • Pool features: None
  • Patio & porch: Patio
  • Exterior features: Balcony

Lot

  • Lot size dimensions: 0

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Rear
  • 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

  • Earthquake
    EarthquakeRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Tornado
Cold Wave
Heat Wave

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 $1,410$16,920
Home Insurance $198$2,376
Property Taxes $225$2,700
Electricity $175$2,103
Total$2,008$24,096

Income You'd Need if You Spent...

35% on housing$68,845/yr
40% on housing$60,240/yr
45% on housing$53,546/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

$188This listing

vs Other Active Listings

Avg $/sqft

ZIP 38103$190
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38103$206
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
2026-01-16Listed for sale$279,000
2024-11-05Listing removed--
2024-08-07Price change$300,000
2024-06-25Price change$325,000
2024-04-04Listed for sale$350,000
2010-02-17Sold$216,900

For Sale by Agent

AgentChris Garland
BrokerageCrye-Leike, Inc., REALTORS

Similar Homes