Ranch home in 1069 Tatum Rd Memphis, TN
A Ranch home in Memphis, TN, it offers 3 bedrooms and 2 bathrooms across 1,800 square feet. Its Ranch character defines the property's look.
| Price | $217,000 |
|---|
| Beds | 3 |
|---|
| Baths | 2 |
|---|
| Sqft | 1800 |
|---|
| Architectural style | Ranch (50% match) |
|---|
| Address | 1069 Tatum Rd Memphis, TN 38122 |
|---|
Why buy this home
- Confirmed Ranch 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 under the area.
- At $217K, this home is 28% above the $170K median for 1254 similar Ranch homes in Memphis, TN.
- That works out to $121 per square foot, 3% above the $117 comparable rate.
- New to market (4 days), so expect competition.
| This home | $217,000 |
|---|
| Ranch median in Memphis, TN | $169,900 (1254 homes) |
|---|
| Price per sq ft | $121 vs. $117 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 $1,390/month with 20% down at a 7.28% 30-year fixed rate. You would need about $59,585 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,188/mo |
|---|
| Property tax (new-buyer reassessed rate) | $121/mo |
|---|
| Homeowners insurance | $81/mo |
|---|
| Total monthly | $1,390/mo |
|---|
| Down payment (20%) | $43,400 |
|---|
| Income needed | $59,585/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (69 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- (69/100) |
|---|
| Beats renting in | 27% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $112,340 |
|---|
| Range (10th to 90th pct) | $69,354 to $163,906 |
|---|
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