Craftsman / Bungalow home in Memphis, TN
A Craftsman home in Memphis, TN, it offers 2 bedrooms and 2 bathrooms across 1,532 square feet. The Craftsman styling carries through the home's design.
| Price | $369,900 |
|---|
| Beds | 2 |
|---|
| Baths | 2 |
|---|
| Sqft | 1532 |
|---|
| Architectural style | Craftsman / Bungalow (55% match) |
|---|
| Address | 1940 Carr Ave, Memphis, TN 38104 |
|---|
Why buy this home
- Confirmed Craftsman / Bungalow architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced above comparable homes.
- At $370K, this home is 75% above the $211K median for 228 similar Craftsman / Bungalow homes in Memphis, TN.
- That works out to $241 per square foot, 83% above the $132 comparable rate.
- On the market 15 days.
| This home | $369,900 |
|---|
| Craftsman / Bungalow median in Memphis, TN | $211,000 (228 homes) |
|---|
| Price per sq ft | $241 vs. $132 comps median |
|---|
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 $2,370/month with 20% down at a 7.28% 30-year fixed rate. You would need about $101,570 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,025/mo |
|---|
| Property tax (new-buyer reassessed rate) | $207/mo |
|---|
| Homeowners insurance | $139/mo |
|---|
| Total monthly | $2,370/mo |
|---|
| Down payment (20%) | $73,980 |
|---|
| Income needed | $101,570/yr |
|---|
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) |
|---|
| Beats renting in | 8% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $148,610 |
|---|
| Range (10th to 90th pct) | $82,088 to $229,942 |
|---|
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 Zillow