For sale

$355,000

4948 Fairfield Cir, Memphis, TN 38117

3beds

1,612sqft

$2,350/mo

Get pre-qualified

Single Family Residence

Built in 1956

0.32 Acres Lot

$350,500 Zestimate^®

$220/sqft

$-- HOA

What's special

Oversized islandGas cookingSpacious backyardOpen floor planSplit br planSoft-close cabinetryAbundant natural light

VALUE OPPORTUNITY in sought-after Greenway Gardens! Priced below the 2025 appraised value, this renovated 3BR/2BA home offers a rare chance to buy into one of Memphis’ most desirable neighborhoods at an attractive price. Major updates are already complete, including an open floor plan, hardwood floors, designer tile & abundant natural light. The chef’s kitchen features quartz countertops, oversized island, stainless appliances, gas cooking & soft-close cabinetry. Split BR plan + updated hall bath w/rainfall shower. The primary suite retains vintage charm and offers excellent potential for a future renovation/expansion. Spacious backyard features a 1,000 SF patio w/footers, creating possibilities for a future addition. Workshop/storage w/roll-up door + covered parking for 2. Convenient to shopping, dining & schools. Potential short sale; sold AS-IS. Opportunity, location & upside—see it today!

359 days
342
23

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Attic

Primary bedroom

Features: Hardwood Floor
Level: First
Dimensions: 0 x 0

Bedroom 2

Features: Hardwood Floor, Shared Bath, Smooth Ceiling
Level: Second

Bedroom 3

Features: Hardwood Floor, Shared Bath, Smooth Ceiling
Level: First

Primary bathroom

Features: Tile Floor, Full Bath

Dining room

Dimensions: 0 x 0

Kitchen

Features: Breakfast Bar, Eat-in Kitchen, Kitchen Island, Updated/Renovated Kitchen, Washer/Dryer Connections

Living room

Features: LR/DR Combination
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Gas Water Heater, Dishwasher, Disposal, Dryer, Gas Cooktop, Microwave, Range/Oven, Washer
Laundry: Laundry Closet

Features

All Bedrooms Down, Full Bath Down, Other (See Remarks), Primary Down, Renovated Bathroom, Split Bedroom Plan, Smooth Ceiling, 2 or More Baths, 2nd Bedroom, 3rd Bedroom, Den/Great Room, Dining Room, Kitchen, Other (See REMARKS), Primary Bedroom, Storage, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Hardwood, Tile
Doors: Storm Door(s)
Basement: Crawl Space
Has fireplace: No

Interior area

Total interior livable area: 1,612 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway/Pad, On Street, Other (See REMARKS), Storage, Workshop in Garage
Covered spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Porch, Patio
Exterior features: Pet Area
Pool features: None
Fencing: Wood,Wood Fence

Lot

Size: 0.32 Acres
Dimensions: 95 x 150
Features: Landscaped, Level, Some Trees

Details

Parcel number: 056009 00015

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer
Roof: Composition Shingles,Other (See REMARKS)

Condition

New construction: No
Year built: 1956

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Security: Security System, Monitored Alarm, Burglar Alarm, Dead Bolt Lock(s), Iron Door(s), Monitored Alarm System
Subdivision: Greenway Gardens

Location

Region: Memphis

Financial & listing details

Price per square foot: $220/sqft
Tax assessed value: $296,800
Annual tax amount: $4,460
Price range: $355K - $355K
Date on market: 9/9/2025
Cumulative days on market: 359 days
Listing terms: Assumable,Conventional,FHA,Other (See REMARKS),VA Loan

Estimated market value

$350,500

$333,000 - $368,000

$1,856/mo

Price history

Date	Event	Price
3/18/2026	Price change	$355,000-4%$220/sqft
Source: MAAR #10205309 Report a problem
12/2/2025	Price change	$369,900-2.6%$229/sqft
Source: MAAR #10205309 Report a problem
10/29/2025	Price change	$379,900-2.6%$236/sqft
Source: MAAR #10205309 Report a problem
10/8/2025	Price change	$389,900-2.5%$242/sqft
Source: MAAR #10205309 Report a problem
9/9/2025	Listed for sale	$399,900+33.3%$248/sqft
Source: MAAR #10205309 Report a problem
8/4/2023	Sold	$300,000-4.8%$186/sqft
Source: MAAR #10142479 Report a problem
6/26/2023	Contingent	$315,000$195/sqft
Source: MAAR #10142479 Report a problem
6/2/2023	Listed for sale	$315,000$195/sqft
Source: MAAR #10142479 Report a problem
5/21/2023	Contingent	$315,000$195/sqft
Source: MAAR #10142479 Report a problem
4/11/2023	Price change	$315,000-4.5%$195/sqft
Source: MAAR #10142479 Report a problem
2/23/2023	Listed for sale	$330,000$205/sqft
Source: MAAR #10142479 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,911 -12.3%	$74,200 +9.6%
2024	$4,460 +8.1%	$67,725
2023	$4,126	$67,725
2022	--	$67,725
2021	--	$67,725 +17.9%
2020	$1,835	$57,425
2019	$1,835 -21.1%	$57,425
2018	$2,326 -45.1%	$57,425
2017	$4,239 +222.6%	$57,425 +7.8%
2016	$1,314	$53,250
2014	$1,314	$53,250
2013	--	$53,250 +28.2%
2012	--	$41,525
2011	--	$41,525
2010	--	$41,525
2009	--	$41,525 +2.7%
2008	--	$40,425
2007	--	$40,425
2006	--	$40,425
2005	--	$40,425 +24.1%
2004	--	$32,575
2003	--	$32,575
2002	--	$32,575
2001	--	$32,575 +15.4%
2000	--	$28,225