Priced to sell! Spacious 5BR/3.5BA home in Walnut Grove Lake with approximately 3200 sf, private pool & lake access. Owners report $50k+in improvements, including 2 New Trane HVACs (2022), 2 new water heaters, kitchen appliances, garage door/opener, pool resurfacing (2024), new fence & extensive exterior work. Roof professionally repaired/evaluated in (2025), currently serviceable, with replacement anticipated in coming years. Price reflects future maintenance.
Walnut Grove, located between East Memphis and Germantown, is a residential and commercial Memphis neighborhood with broad, tree-lined corridors and a steady rhythm of local shopping centers. The neighborhood’s character concentrates around the Walnut Grove Rd and Poplar Ave crossroads, where storefront plazas, coffee counters, and service shops keep sidewalks active. Mid-century ranch homes and brick colonials sit behind deep lawns, while newer infill appears along the main arteries. Dixon Gallery & Gardens and the Memphis Botanic Garden set a cultured, outdoors-forward tone. Shelby Farms Park frames the area with long trails and open fields. Daily life centers on errands, green space, and a calm, well-kept streetscape.
Provided by Walk Score and Local Logic
Market insights
167 Ericson Rd · $315,000
DAYS ON MARKET
36 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
LIST PRICE
$315,000
Median sale price in this area is $279,084. (11% lower than this home)
PRICE DROP
1 price drop
23% of homes in this area have had a price drop in the past month.
Memphis Area Association of Realtors(R) MLS #10228583
Sep 17, 2026
Price Changed
$315,000
Aug 17, 2026
Listed
$325,000
Memphis Area Association of Realtors(R) MLS #2
Mar 27, 2026
Price Changed
$344,000
Memphis Area Association of Realtors(R) MLS #1
Aug 25, 2025
Price Changed
$375,000
Jul 15, 2025
Price Changed
$399,990
Jul 13, 2025
Price Changed
$399,900
Memphis Area Association of Realtors(R) MLS #10029803
Jul 31, 2018
Sold
$215,000
Jun 19, 2018
Listed
$215,000
Memphis Area Association of Realtors(R) MLS #2539390
Jun 17, 2004
Sold
$170,000
May 22, 2003
Listed
$179,900
Public Records
Apr 1, 1999
Sold
$155,000
Public Records
Feb 23, 1999
Sold
$131,250
Memphis Area Association of Realtors(R) MLS #9901595
Jan 27, 1999
Listed
$145,000
Public Records
Sep 30, 1988
Sold
$157,900
Year
Property tax
Land + Additions
Assessment*
2025
$4,993 (+10.2%)
$16,250 + $78,475
$94,725
2024
$4,531 (+8.1%)
$16,250 + $78,475
$94,725
2023
$4,191
$12,050 + $56,750
$68,800
2022
$4,191 (−1.2%)
$12,050 + $56,750
$68,800
2021
$4,240 (+17.6%)
$12,050 + $56,750
$68,800
2020
$3,607
$12,050 + $56,750
$68,800
2019
$3,607
$12,050 + $37,725
$49,775
2018
$3,607 (+76.3%)
$12,050 + $37,725
$49,775
2017
$2,046 (−1.1%)
$12,050 + $37,725
$49,775
2016
$2,068
$12,050 + $37,725
$49,775
2014
$2,068
$12,050 + $35,275
$47,325
Public record
Public record
Zoning
Permits
Beds
5
Baths
3.5
Stories
1.5
Lot width
80 ft.
Lot depth
174 ft.
Lot size
0.32 Acres
Year renovated
—
Finished Sq. Ft.
3,190
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,190
Year built
1980
Style
Single Family Residential
County
Shelby County
APN
091104 00029
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-10
Residential Single-Family-10 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 ft from a CMU-1, CMU-2, CMU-3 or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Jan 30, 2026 • Final
Residential electrical
Work on a whip.
Electrical
Feb 2, 2024 • Final
Residential mechanical
Install new furnaces, condensers, and coils.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 19 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Cordova, TN • 38018
Average low and high temperatures (°F)
47
30
57
37
71
50
77
57
78
62
88
71
92
76
88
70
87
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Cordova. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 167 Ericson Rd
$306,337
$8,663 under list price of $315K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $305K to $425K.