Colonial home in 5961 Lake Tide Cv Memphis, TN
Set in Memphis, TN, this Colonial home provides 4 bedrooms and 3.2 bathrooms across 3,809 square feet. The Colonial styling carries through the home's design.
| Price | $795,000 |
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| Beds | 4 |
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| Baths | 3.2 |
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| Sqft | 3809 |
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| Architectural style | Colonial (60% match) |
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| Address | 5961 Lake Tide Cv Memphis, TN 38120 |
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Why buy this home
- Confirmed Colonial 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 $795K, this home is 99% above the $399K median for 59 similar Colonial homes in Memphis, TN.
- That works out to $209 per square foot, 50% above the $139 comparable rate.
- New to market (6 days), so expect competition.
| This home | $795,000 |
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| Colonial median in Memphis, TN | $399,000 (59 homes) |
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| Price per sq ft | $209 vs. $139 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 $5,094/month with 20% down at a 7.28% 30-year fixed rate. You would need about $218,297 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $4,352/mo |
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| Property tax (new-buyer reassessed rate) | $444/mo |
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| Homeowners insurance | $298/mo |
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| Total monthly | $5,094/mo |
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| Down payment (20%) | $159,000 |
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| Income needed | $218,297/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- (55 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- (55/100) |
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| Beats renting in | 8% of modeled paths |
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| Modeled 5-yr equity (median) | $327,078 |
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| Range (10th to 90th pct) | $181,514 to $502,173 |
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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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