RealtyLens
for saleRealtyLens property overview
$335,000

8691 Cedar Farms Dr

Memphis, TN, 38016
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4Beds
2Baths
2,238Sqft
$150$/sqft

Listing Notes

Welcome Home, where comfort, space, and value come together in the heart of Cordova. Nestled in the established Cedar Farms community, this spacious 4-bedroom, 2-bath home offers over 2,100 square feet of functional living space designed for both everyday living and effortless entertaining. From the moment you walk in, you'll appreciate the natural light, inviting living areas, soaring ceilings, and a floor plan that offers both openness and privacy. The kitchen provides generous prep space, abundant cabinetry, and easy flow into the main living areas-perfect for gathering with family and friends. The oversized primary suite offers a peaceful retreat, while the additional bedrooms provide flexibility for family, guests, a home office, or hobbies. Step outside to a spacious backyard ready for summer cookouts, kids at play, or quiet evenings under the trees. Conveniently located near shopping, dining, parks, and major commuter routes.

Market Insights

Above nearby median+17%

$150/sqft vs a nearby median of $128/sqft.

Nearby median$128/sqft
Nearby properties8
Property size2,238 sqft
  • +17% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,238 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$285k$269k$301k · 83% confidence
vs ask $335k+$50k (+14.9%)

Asking price is about 14.9% above where comps + adjustments land — there is room to negotiate.

$128/sqft median across 6 tight comps × 2,238 sqft= $285k
Cumulative NYC adjustments+$0+0.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+17% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
10 days
Last price change
No change recorded
Listed
May 2, 2026
Photos
29 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$335,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.