Condo / High-rise home in Memphis, TN
A Condo multifamily home in Memphis, TN, it offers 3,400 square feet. Its Condo character defines the property's look.
| Price | $695,000 |
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| Sqft | 3400 |
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| Architectural style | Condo / High-rise (54% match) |
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| Address | 1905 Jefferson Ave, Memphis, TN 38104 |
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Why buy this home
- Confirmed Condo / High-rise 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 above comparable homes.
- At $695K, this home is 223% above the $215K median for 164 similar Condo / High-rise homes in Memphis, TN.
- That works out to $204 per square foot, 46% above the $140 comparable rate.
- New to market (7 days), so expect competition.
| This home | $695,000 |
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| Condo / High-rise median in Memphis, TN | $215,000 (164 homes) |
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| Price per sq ft | $204 vs. $140 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 $4,453/month with 20% down at a 7.28% 30-year fixed rate. You would need about $190,838 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,804/mo |
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| Property tax (new-buyer reassessed rate) | $388/mo |
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| Homeowners insurance | $261/mo |
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| Total monthly | $4,453/mo |
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| Down payment (20%) | $139,000 |
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| Income needed | $190,838/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- (54 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- (54/100) |
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| Beats renting in | 9% of modeled paths |
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| Modeled 5-yr equity (median) | $284,169 |
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| Range (10th to 90th pct) | $152,655 to $439,884 |
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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