Mediterranean home in Memphis, TN
This Mediterranean home in Memphis, TN offers 5 bedrooms and 4.5 bathrooms across 7,052 square feet. The Mediterranean styling carries through the home's design.
| Price | $1,790,000 |
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| Beds | 5 |
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| Baths | 4.5 |
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| Sqft | 7052 |
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| Architectural style | Mediterranean (51% match) |
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| Address | 409 River Oaks Rd N, Memphis, TN 38120 |
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Why buy this home
- Confirmed Mediterranean architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced in line with the area.
- The median for 10 similar Mediterranean homes in Memphis, TN is $1.8M.
- That works out to $254 per square foot, 7% above the $237 comparable rate.
- On the market 23 days.
| This home | $1,790,000 |
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| Mediterranean median in Memphis, TN | $1,790,000 (10 homes) |
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| Price per sq ft | $254 vs. $237 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $11,469/month with 20% down at a 7.28% 30-year fixed rate. You would need about $491,511 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $9,798/mo |
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| Property tax (new-buyer reassessed rate) | $999/mo |
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| Homeowners insurance | $671/mo |
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| Total monthly | $11,469/mo |
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| Down payment (20%) | $358,000 |
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| Income needed | $491,511/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (53 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (53/100) |
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| Beats renting in | 7% of modeled paths |
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| Modeled 5-yr equity (median) | $718,431 |
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| Range (10th to 90th pct) | $399,592 to $1,124,410 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Memphis, TN where local data is thin.
Local home values
Typical home values in Memphis, TN have risen about 17% over the past 5 years (+0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia