Farmhouse / Modern Farmhouse home in 1145 E Irvin Dr Memphis, TN
This 3,134-square-foot Farmhouse home in Memphis, TN includes 4 bedrooms and 3.2 bathrooms. Its Farmhouse character defines the property's look.
| Price | $689,900 |
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| Beds | 4 |
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| Baths | 3.2 |
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| Sqft | 3134 |
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| Architectural style | Farmhouse / Modern Farmhouse (49% match) |
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| Address | 1145 E Irvin Dr Memphis, TN 38119 |
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Why buy this home
- Confirmed Farmhouse / Modern Farmhouse 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 above comparable homes.
- At $690K, this home is 149% above the $277K median for 14 similar Farmhouse / Modern Farmhouse homes in Memphis, TN.
- That works out to $220 per square foot, 29% above the $171 comparable rate.
- New to market (1 day), so expect competition.
| This home | $689,900 |
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| Farmhouse / Modern Farmhouse median in Memphis, TN | $277,250 (14 homes) |
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| Price per sq ft | $220 vs. $171 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 $4,420/month with 20% down at a 7.28% 30-year fixed rate. You would need about $189,438 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,776/mo |
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| Property tax (new-buyer reassessed rate) | $385/mo |
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| Homeowners insurance | $259/mo |
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| Total monthly | $4,420/mo |
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| Down payment (20%) | $137,980 |
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| Income needed | $189,438/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 (59 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 (59/100) |
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| Beats renting in | 11% of modeled paths |
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| Modeled 5-yr equity (median) | $303,656 |
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| Range (10th to 90th pct) | $174,418 to $455,730 |
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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.
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