RealtyLens
for saleRealtyLens property overview
$280,000

416 Locust Grove Dr

Memphis, TN, 38018
View more Memphis, TN property pages
4Beds
2.5Baths
2,787Sqft
$100$/sqft

Listing Notes

Welcome Home! This spacious home offers 4 beds, and 2 1/2 baths along with a 2-car garage. Perfect for a family that's wanting a nice home, in a good area on a budget. Inside you'll find generous living spaces designed for comfort and gatherings. Roof is only 10 years old/Hvac 3 years/Hot water tank 2 years old. Providing a peace of mind for years to come. Home is only in need of cosmetic updates to add your special touch. Whether you're looking for a starter home, or an investment property it has tons of potential. Being sold as is

Market Insights

Below nearby median-37%

$100/sqft vs a nearby median of $159/sqft.

Nearby median$159/sqft
Nearby properties8
Property size2,787 sqft
  • -37% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,787 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$442k$404k$480k · 54% confidence
vs ask $280k−$162k (−57.9%)

Asking price is about 57.9% below the fair value — likely to draw competing offers if it's still on market.

$159/sqft median across 8 tight comps × 2,787 sqft= $442k
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-37% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

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

Diligence Read2 items 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
7 days
Last price change
No change recorded
Listed
May 5, 2026
Photos
21 photos
Property type
single family
Status
for sale
Last sold
Jan 1, 1993 · $138,000
Garage
2 spaces

Features & Amenities

Central AirCentral HeatOutdoor SpaceFireplaceTwo Or More StoriesGarage 1 Or MoreGarage 2 Or MoreInvestment Opportunity

Photos

Price History

May 8, 2026Initial record
$280,000for 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.