Craftsman / Bungalow home in Memphis, TN
This 1,656-square-foot Craftsman home in Memphis, TN includes 2 bedrooms and 1.5 bathrooms. Its Craftsman character defines the property's look.
| Price | $119,000 |
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| Beds | 2 |
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| Baths | 1.5 |
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| Sqft | 1656 |
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| Architectural style | Craftsman / Bungalow (31% match) |
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| Address | 1155 Sledge Ave, Memphis, TN 38104 |
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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 Trulia.
Is this a good buy?
Priced below comparable homes.
- At $119K, this home is 44% below the $211K median for 228 similar Craftsman / Bungalow homes in Memphis, TN.
- That works out to $72 per square foot, 45% below the $132 comparable rate.
- New to market (3 days), so expect competition.
| This home | $119,000 |
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| Craftsman / Bungalow median in Memphis, TN | $211,000 (228 homes) |
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| Price per sq ft | $72 vs. $132 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. 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 $762/month with 20% down at a 7.28% 30-year fixed rate. You would need about $32,676 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $651/mo |
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| Property tax (new-buyer reassessed rate) | $66/mo |
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| Homeowners insurance | $45/mo |
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| Total monthly | $762/mo |
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| Down payment (20%) | $23,800 |
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| Income needed | $32,676/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 | 8% of modeled paths |
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| Modeled 5-yr equity (median) | $47,830 |
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| Range (10th to 90th pct) | $25,907 to $73,913 |
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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