CompCasa valuation analysis

Estimated market value

$350,000

Low $340,000 · Midpoint $350,000 · High $360,000

Confidence82%Sales comparison approach

Last recorded sale$367,000Jul 1, 2021

Assessed value$96,7752024 assessment

CompCasa estimate$350,000Mar 6, 2026

Estimate vs. last recorded sale−$17,000 / −4.6%

$340,000$350,000 midpoint$360,000

Price / sq ft$150.4

Median sale price$350,000

Avg days on market30 days

Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and updates. Assessed value of $96,775 appears below market.

About the property

Updated 1920 Traditional with Spacious Yard and Modern Systems

This 1920 traditional on South Fenwick Road pairs original character with the practical updates today's buyers demand. Set on a level 0.21-acre lot with 50 feet of frontage, the house opens into timeless hardwood floors and a layout that reads as comfortable and purposeful. A working fireplace anchors the living area; adjacent rooms adapt easily to modern routines—formal dining, a home office, or a quiet reading nook.

The kitchen has been refreshed with solid-surface countertops and stainless steel appliances, delivering bright, functional workspaces without losing the home's vintage footprint. Throughout the interior you'll find thoughtful systems upgrades: a new furnace installed in 2022, a new sewer line in 2023 and an upgraded electrical panel in 2024—improvements that reduce near-term maintenance concerns and let you enjoy the home from day one.

At roughly 2,327 square feet, the single-story plan supports family life and flexible use. Three bedrooms and three bathrooms provide private spaces for everyone; an extra room currently used as an office offers easy conversion for remote work or a fourth living area. The crawl-space foundation and composition shingle roof reflect practical, serviceable construction for this vintage property.

Outside, a fenced backyard framed by mature trees creates a private, shaded retreat for play, pets, or weekend gatherings. Driveway parking for two sits off South Fenwick Road, and the property’s level lot simplifies landscaping projects or future improvements. With no attached garage, the yard becomes the standout outdoor asset.

Location is a defining advantage: you are a short drive from Poplar Avenue (0.3 miles), steps from neighborhood green spaces like Chickasaw Gardens (0.3 miles) and within easy reach of University of Memphis (1.5 miles), Memphis Botanic Garden (2 miles) and Overton Park (2.5 miles). This address offers a stable East Memphis-Colonial-Yorkshire setting where classic architecture and updated systems come together—an attractive choice for buyers seeking established neighborhood character and modern reliability.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$245,000

Property address337 S Fenwick Rd, Memphis, TN 38111

3 bed2 bath2,230 sq ftBuilt 19450.1 mi9,496 sq ft lot$109.8/SF

Sold May 27, 2025

Subject difference

97 SF smaller
1 fewer bathroom
Similar lot size
25 years newer

Research comparison noteSimilar size and age, slightly lower condition

02Sold price$225,000

Property address363 S Fenwick Rd, Memphis, TN 38111

3 bed2 bath1,430 sq ftBuilt 19750.2 mi7,500 sq ft lot$157.3/SF

Sold Dec 3, 2025

Subject difference

897 SF smaller
1 fewer bathroom
1,647 SF smaller lot
55 years newer

Research comparison noteSmaller size, newer construction

03Sold price$214,900

Property address406 S Fenwick Rd, Memphis, TN 38111

2 bed1 bath1,167 sq ftBuilt 19470.3 mi7,492 sq ft lot$184.2/SF

Sold Feb 5, 2026

Subject difference

1,160 SF smaller
1 fewer bedroom
2 fewer bathrooms
1,655 SF smaller lot
27 years newer

Research comparison noteSmaller size, fewer bedrooms and bathrooms

Comp methodology: Focused on similar traditional homes within 0.5 miles in East Memphis sold in last 6 months for maximum relevance

Property details

A 1920 traditional on 0.21 acres.

Building

Year built1920

ConstructionWood Frame

RoofComposition Shingles

Heatingcentral

Coolingcentral

Site & utilities

Lot size0.21 acres

Garagenone

Stories1

ConditionGood

BasementCrawl Space

FireplaceYes

Improvement notes3 bedrooms, 3 bathrooms, hardwood floors, updated kitchen with solid surface countertops and stainless appliances, new electrical panel (2024), new sewer line (2023), new furnace (2022)

Lot area9,147 sq ft

TopographyLevel

Frontage50 ft frontage on South Fenwick Road

ParkingDriveway

Parking spaces2

Parking notesDriveway parking available

AccessStandard residential driveway from South Fenwick Road

WaterPublic

SewerPublic

ElectricMunicipal

GasMunicipal

Location & nearby

East Memphis-Colonial-Yorkshire

Researched nearby locations

Chickasaw Gardens (0.3 mi)

University of Memphis (1.5 mi)

Memphis Botanic Garden (2 mi)

Overton Park (2.5 mi)

Memphis Zoo (3 mi)

Location

123 South Fenwick Road, Memphis, TN 38111

View map

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Editorial neighborhood context

East Memphis–Colonial–Yorkshire is an established, tree-lined pocket prized for its proximity to Poplar Avenue amenities and several major cultural and recreational anchors. Residents value short drives to cafés, grocery and retail, plus easy access to the University of Memphis, Chickasaw Gardens and the Botanic Garden. The neighborhood blends classic residential architecture with practical access to city services and transportation, creating a comfortable, stable setting for families and professionals seeking convenience without high-density congestion.

Nearby access summary

Very good access to parks and attractions—Chickasaw Gardens (0.3 mi), Memphis Botanic Garden (2 mi), Overton Park (2.5 mi) and the Memphis Zoo (3 mi) are all within a short drive, offering trails, gardens and family-friendly outdoor amenities.

ElementaryMemphis School of Excellence Elementary Cordova (3/10)

Middle schoolSherwood Middle School (5/10)

High schoolMelrose High School (3/10)

School districtShelby County Schools

Market context

A factual market snapshot around 123 South Fenwick Road.

Median sale price$350,000

Avg days on market30 days

Inventory2.5 months

1-year appreciation5.0%

5-year appreciation25.0%

Editorial market perspective

East Memphis is currently a market with balanced momentum and leanings that favor sellers in tight inventory periods. Local metrics show roughly 2.5 months of inventory and an average days-on-market near 30 days, which indicates homes priced correctly are still selling within about a month. Median sale price in the area hovers around $350,000 with modest year-over-year appreciation (about 5% over the last 12 months) and stronger gains over five years (~25%).

Single-family homes like this one—traditional, renovated, and within 2–3 miles of major neighborhood anchors—perform well. Comparable sales analysis supports an estimated value range of $340,000–$360,000; sellers who highlight recent mechanical upgrades and updated kitchens tend to attract competitive interest. For investors, rental comparables suggest robust demand (estimated monthly rent near $2,500 and a gross rental yield around 8.6%), helped by proximity to the University of Memphis and nearby employment and amenities. Overall, this is a market where buyers can still find value if they act decisively, and sellers who present maintenance updates and staging typically see interest quickly.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR-6

DescriptionSingle Family Residential

JurisdictionCity of Memphis

Assessor useSingle Family Residential

Current useResidential

SetbacksFront 30', side 5', rear 20'

Research-indicated uses

Single Family
Accessory Dwelling Unit
Home Occupation

Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.

Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$12,100

Assessed improvements$84,675

Total assessed$96,775

Assessment year2024

Annual property tax$6,373

Tax year2024

Sale history

2021-07-01$367,000 · $157.7/SF

2018-05-17$270,000 · $116.1/SF

Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,499/mo

Property address123 S Fenwick Rd, Memphis, TN 38111

4 bed3 bath2,327 sq ft$1.07/SF

Leased Oct 29, 2025

Subject difference

Same living area
1 additional bedroom

Research comparison noteSame property listed for rent in 2025

Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

Assessed value of $96,775 appears below market value
Zoned R-6 allowing single-family residential use
Comparable sales within 0.5 miles in last 6 months range $340K–$360K
Average days on market in the area: 30 days

Still worth verifying

Routine buyer due diligence items; these are not known defects.

Confirm lot dimensions and boundaries
Verify renovation permits were properly pulled
Confirm zoning regulations and any restrictions
Professional home inspection
Roof condition assessment

Highlights & features

What stands out about this property.

01Move-in ready

02New electrical panel (2024)

03New sewer line (2023)

04New furnace (2022)

05Updated kitchen with solid-surface counters

06Fenced backyard with mature trees

072,327 SF single-story living

08Flexible floor plan with office space

09Driveway parking

Interior Features

Hardwood floors throughout
Fireplace in living area
Updated kitchen with solid-surface countertops
Stainless steel appliances
Three bedrooms, three bathrooms
Flexible office/bonus room
Central heating and cooling

Exterior & Lot

0.21-acre lot (9,147 SF)
Fenced backyard with mature trees
Driveway parking for two
50 ft frontage on South Fenwick Road
Composition shingle roof
Level topography—easy yard maintenance

Location & Neighborhood

0.3 miles to Poplar Avenue retail and dining
Chickasaw Gardens: 0.3 miles
University of Memphis: 1.5 miles
Memphis Botanic Garden: 2.0 miles
Overton Park: 2.5 miles
Easy access to major roads and public transportation

Walkability & Recreation

Walkability Rating: 41/100 — Car-Dependent
Chickasaw Gardens (0.3 mi) and neighborhood green spaces
Memphis Botanic Garden (2.0 mi) and Overton Park (2.5 mi)
Memphis Zoo (3.0 mi)
Close proximity to University of Memphis (1.5 mi)
Community recreation options nearby

Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence

Compass listing for 123 S Fenwick RdView source

Zillow listing for 123 S Fenwick RdView source

Realty.com listing for 123 S Fenwick RdView source

Redfin listing for 123 S Fenwick RdView source

Shelby County Assessor of PropertyView source

Realtor.com listing for 337 S Fenwick RdView source

Realtor.com listing for 363 S Fenwick RdView source

Highrises.com listing for 406 S Fenwick RdView source

RentalSource listing for 123 S Fenwick RdView source

Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.