Craftsman / Bungalow home in 1942 Lamar Ave Memphis, TN
This 2,350-square-foot Craftsman home in Memphis, TN includes 4 bedrooms and 2.1 bathrooms. The Craftsman styling carries through the home's design.
| Price | $229,900 |
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| Beds | 4 |
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| Baths | 2.1 |
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| Sqft | 2350 |
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| Architectural style | Craftsman / Bungalow (85% match) |
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| Address | 1942 Lamar Ave Memphis, TN 38114 |
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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 Movoto.
Is this a good buy?
Priced a little above the area.
- At $230K, this home is 9% above the $211K median for 228 similar Craftsman / Bungalow homes in Memphis, TN.
- That works out to $98 per square foot, 26% below the $132 comparable rate.
- On the market 48 days, longer than usual here, so the seller may be open to offers.
| This home | $229,900 |
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| Craftsman / Bungalow median in Memphis, TN | $211,000 (228 homes) |
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| Price per sq ft | $98 vs. $132 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 $1,473/month with 20% down at a 7.28% 30-year fixed rate. You would need about $63,128 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,258/mo |
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| Property tax (new-buyer reassessed rate) | $128/mo |
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| Homeowners insurance | $86/mo |
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| Total monthly | $1,473/mo |
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| Down payment (20%) | $45,980 |
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| Income needed | $63,128/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 A- (85 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 | A- (85/100) |
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| Beats renting in | 62% of modeled paths |
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| Modeled 5-yr equity (median) | $152,000 |
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| Range (10th to 90th pct) | $100,619 to $211,990 |
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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 Movoto