Mid-Century Modern home in Memphis, TN
Set in Memphis, TN, this Mid-Century Modern home provides 3 bedrooms and 2 bathrooms across 1,277 square feet. Its Mid-Century Modern character defines the property's look.
| Price | $120,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1277 |
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| Architectural style | Mid-Century Modern (67% match) |
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| Address | 1520 Hester Rd, Memphis, TN 38116 |
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Why buy this home
- Confirmed Mid-Century Modern 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 $120K, this home is 64% below the $335K median for 70 similar Mid-Century Modern homes in Memphis, TN.
- That works out to $94 per square foot, 35% below the $145 comparable rate.
- On the market 48 days, longer than usual here, so the seller may be open to offers.
| This home | $120,000 |
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| Mid-Century Modern median in Memphis, TN | $335,000 (70 homes) |
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| Price per sq ft | $94 vs. $145 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 $769/month with 20% down at a 7.28% 30-year fixed rate. You would need about $32,950 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $657/mo |
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| Property tax (new-buyer reassessed rate) | $67/mo |
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| Homeowners insurance | $45/mo |
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| Total monthly | $769/mo |
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| Down payment (20%) | $24,000 |
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| Income needed | $32,950/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 B- (67 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 | B- (67/100) |
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| Beats renting in | 22% of modeled paths |
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| Modeled 5-yr equity (median) | $60,617 |
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| Range (10th to 90th pct) | $37,289 to $89,808 |
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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