OFF MARKET
5485 Southern Peaks Rd, Memphis, TN 38109
Off market dec 2019 for $203K
$324,563
Est. refi paymentEst. refi $1,642/mo
4
bd
•
2.5 ba
•
3,046
sq ft

5485 Southern Peaks Rd, Memphis, TN 38109

map-entry

About this home

CondoProperty Type
2005Year Built
$107Est. Price/Sq.Ft.
2 spacesParking
Source:Memphis Area Association of Realtors(R) MLS #2614969

Redfin Estimate

$324,563
$122K since sold in December 2019$11K since September

This home's estimate is 33.5% lower than the average sale price ($488K) of 6 comparable homes.

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Earn from this home

Refinance
$0
Est. cash available

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Rent
$2,750/mo
Redfin rental estimate

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Market trends in 38109, TN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price
94.3%

1.0% MoM

Median sale price
$104K

$10K MoM

Avg. days on market
77d

41 days MoM

Recently sold homes
102

21 MoM

New listings for sale

Provided by Redfin

Sale history for 5485 Southern Peaks Rd

Tax history for 5485 Southern Peaks Rd

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

R-6

Residential Single Family-6 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. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 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

Property details

Around this home

Schools

Geeter School

Public PreK-8 • Assigned • 1.6mi

4/10
Fairley High School

Charter 9-12 • Assigned • 1.3mi

4/10
Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.46% chance of being in a wildfire in next 30 years

7/10 Heat Factor

7 days above 110° expected this year, 22 days in 30 years

4/10 Wind Factor

19% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
87
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Sun exposure

In this area, properties receive around 10.6 hours in June and 4.8 hours in December, placing it above the U.S. average for solar exposure.

10.6 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$309,000 – $374,000

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Nearby similar homes

$73,000
Land— sq ft
5110 Hillbrook Dr, Memphis, TN 38109
Vacant land • Listed 180 days
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3 beds1 bath1,300 sq ft
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1 acre of land • Renovation project • 1 acre lot
Listing provided by REALTRACS
$130,000
3 beds1 bath— sq ft
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Corner lot • Brick exterior • Mature trees
$119,500
3 beds1.5 baths— sq ft
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7,405 sq ft lot • Parking • Built 1966
$116,900
3 beds1 bath— sq ft
223 Charter Ave, Memphis, TN 38109
Newly renovated • 8,276 sq ft lot • Built 1960
$134,900
3 beds1 bath— sq ft
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Large living space • Updated kitchen • Gas stove

New listings for sale in 38109

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2 beds1 bath— sq ft
175 W Frank Ave, Memphis, TN 38109
3,484 sq ft lot • Built 1959
NEW 12 HRS AGO
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2 beds1 bath— sq ft
79 E Gage Ave, Memphis, TN 38109
7,405 sq ft lot • Built 1930
NEW 15 HRS AGO
$144,900
3 beds2 baths— sq ft
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Fully renovated • Updated kitchen • New countertops
NEW 16 HRS AGO
$119,900
3 beds1 bath— sq ft
4258 Briarberry Ln, Memphis, TN 38109
Complete repaint • Updated vanity • Framed mirror
$15,900
2 beds1 bath— sq ft
337 W Person Ave, Memphis, TN 38109
3,049 sq ft lot • Built 1913
$72,500
3 beds1 bath— sq ft
917 Pawnee Ave, Memphis, TN 38109
Central heating • 7,405 sq ft lot • Built 1962
$89,900
4 beds1 bath— sq ft
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Spacious yard • 0.24 acre lot • Parking
$90,000
3 beds1.5 baths— sq ft
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6,969 sq ft lot • 2 parking spots • Built 1941

Home values near 5485 Southern Peaks Rd

Data from public records.

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