RealtyLens
for saleRealtyLens property overview
$312,000

701 Sunshine Dr

Memphis, TN, 38018
View more Memphis, TN property pages
3Beds
2Baths
1,664Sqft
$188$/sqft

Listing Notes

Welcome to 701 Sunshine Dr, Memphis, TN 38018-an ideal home for first-time buyers ready to step into homeownership or buyers looking for convenience, accessibility, and everyday comfort. Located in a quiet Cordova neighborhood, this home offers a comfortable layout with natural light, spacious living areas, and a functional kitchen perfect for everyday living. The bedrooms provide privacy and comfort. Step outside and enjoy a generous yard-perfect for weekend barbecues, family time, or creating your own outdoor retreat. Conveniently situated near Germantown Pkwy, you'll have quick access to shopping, dining, and schools. This home may qualify for down payment assistance programs through the Tennessee Housing Development Agency (THDA), offering help with down payment and closing costs for qualified buyers. A great opportunity to stop renting, build equity, and create a place to call home.

Market Insights

Above nearby median+18%

$188/sqft vs a nearby median of $159/sqft.

Nearby median$159/sqft
Nearby properties8
Property size1,664 sqft
  • +18% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,664 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$274k$253k$295k · 63% confidence
vs ask $312k+$38k (+12.2%)

Asking price is about 12.2% above where comps + adjustments land — there is room to negotiate.

$167/sqft median across 7 tight comps × 1,664 sqft= $278k
  • Sparse street life−$4k −1.5%
Cumulative NYC adjustments−$4k−1.5%

Property Read

FreshnessVerification recommended

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

Market Position+18% 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 3, 2026
Photos
24 photos
Property type
single family
Status
for sale
Last sold
Oct 10, 2023 · $291,000
Garage
2 spaces

Features & Amenities

Central AirCentral HeatOutdoor SpaceFireplaceHardwood FloorsSingle StoryGarage 1 Or MoreGarage 2 Or MoreRental PropertyShopping

Photos

Price History

May 8, 2026Initial record
$312,000for 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.