Cottage / Storybook home in Memphis, TN
A Cottage home in Memphis, TN, it offers 2 bedrooms and 1 bathroom across 748 square feet. The Cottage styling carries through the home's design.
| Price | $119,900 |
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| Beds | 2 |
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| Baths | 1 |
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| Sqft | 748 |
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| Architectural style | Cottage / Storybook (35% match) |
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| Address | 554 Bon Air St, Memphis, TN 38112 |
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Why buy this home
- Confirmed Cottage / Storybook 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 45% below the $220K median for 181 similar Cottage / Storybook homes in Memphis, TN.
- That works out to $160 per square foot, 15% above the $139 comparable rate.
- On the market 20 days.
| This home | $119,900 |
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| Cottage / Storybook median in Memphis, TN | $219,900 (181 homes) |
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| Price per sq ft | $160 vs. $139 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 $768/month with 20% down at a 7.28% 30-year fixed rate. You would need about $32,923 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $656/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 | $768/mo |
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| Down payment (20%) | $23,980 |
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| Income needed | $32,923/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+ (61 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+ (61/100) |
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| Beats renting in | 16% of modeled paths |
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| Modeled 5-yr equity (median) | $53,598 |
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| Range (10th to 90th pct) | $30,783 to $80,690 |
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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