Welcome home to this beautiful 4-bedroom, 3-bathroom home in the highly sought-after Walnut Grove Lake subdivision! Tucked back from the street with a long driveway, this home offers impressive curb appeal. Inside, you’ll find a beautiful entryway that leads to a thoughtfully updated interior featuring a renovated kitchen, fresh flooring, and tasteful finishes throughout. Designed for both everyday living and entertaining, the spacious layout includes two separate dining areas, a breakfast bar, and plenty of room to gather. Major cosmetic updates—including new flooring, interior and exterior paint, and updated appliances—have all been completed within the last five years, making this home truly move-in ready. Step outside to enjoy the oversized back deck, perfect for hosting friends, grilling, or simply relaxing while overlooking the backyard. Complete with a two-car garage and located in one of the area’s most desirable neighborhoods, this is a home you’ll be proud to call your own.
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
338 Ericson Rd · $324,900
DAYS ON MARKET
4 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.3%
Most homes are selling 4% below list price.
LIST PRICE
$324,900
Median sale price in this area is $269,256. (17% lower than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Two-story layout
Living room
Separate dining room
Entry hall
Updated/renovated kitchen
Eat-in kitchen with breakfast bar
Washer/dryer connections
One fireplace
Seven total rooms
Bedrooms
Four bedrooms total
One bedroom located on the lower level
Primary bedroom with full bath and walk-in closet
Bedroom 2 with walk-in closet and pullman bathroom (11 x 12)
Bedrooms 3 and 4 share a bathroom (both ~11 x 12)
Bathrooms
Three full bathrooms
Primary bathroom with double sinks, separate shower, and tile floor
Luxury master bathroom with double vanity and separate tub and shower
Renovated bathroom(s)
Full bathroom located on the main level
Kitchen
Updated/renovated kitchen
Range/oven
Dishwasher
Disposal
Eat-in area and breakfast bar
Laundry & utility
Laundry room on main level
Washer/dryer connections
Flooring
Part hardwood
Part carpet
Tile flooring
Heating & cooling
Central heating
Central cooling
Exterior features
Deck
Some trees on the lot
Home design
Detached single-family home
Traditional style
Built in 1985
Existing property
Parking
Front-load garage
Driveway/pad
Two covered parking spaces
Construction
Brick veneer exterior
Composition shingle roof
Utilities
Public water
Public sewer
Electric service (central systems for heating and cooling)
HOA & community
Has neighborhood association
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10227387
Jul 31, 2026
Listed
$324,900
Memphis Area Association of Realtors(R) MLS #10102628
Aug 13, 2021
Sold
$300,000
Jun 25, 2021
Listed
$299,900
+20
Don't miss out on this beautiful renovation! 4 bed/ 3 full baths! It has new quartz kitchen countertops, New lvp, New carpet in bedrooms/stairs, New tub surround / shower, New appliances (stove and dishwasher installed already) , New paint on exterior and interior, and a complete rebuilding of the backyard deck. Owner/Agent.
Public Records
Mar 30, 2021
Sold
$175,000
Public Records
May 30, 2001
Sold
$167,000
Public Records
Jan 23, 1995
Sold
$127,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,077 (+15.0%)
$16,250 + $61,100
$77,350
2024
$3,546 (+8.1%)
$16,250 + $61,100
$77,350
2023
$3,280
$12,050 + $41,800
$53,850
2022
$3,280 (−1.2%)
$12,050 + $41,800
$53,850
2021
$3,319 (+21.8%)
$12,050 + $41,800
$53,850
2020
$2,724
$12,050 + $41,800
$53,850
2019
$2,725
$12,050 + $25,550
$37,600
2018
$2,725 (+76.3%)
$12,050 + $25,550
$37,600
2017
$1,545 (−6.3%)
$12,050 + $25,550
$37,600
2016
$1,649
$12,050 + $25,550
$37,600
2014
$1,649
$12,050 + $25,700
$37,750
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
1.7
Lot width
90 ft.
Lot depth
180 ft.
Lot size
0.37 Acres
Year renovated
—
Finished Sq. Ft.
2,312
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,312
Year built
1984
Style
Single Family Residential
County
Shelby County
APN
091100 00053
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
May 7, 2024 • Active
Residential alteration
Replace windows on a residential building.
Remodel
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
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 338 Ericson Rd
$325,355
$455 over list price of $325K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $310K to $355K.