$216,000
- 3 Beds
- 1 Bath
- 1,434 sqft (on 0.25 acres)
987 Colonial Rd, Memphis, TN 38117
Est. Refi. Payment $1,441/mo*
Refinance Your HomeCurrently Off Market - Sold Sep 6, 1996 for $71,500
Home Value
Trulia Estimate
$216KSince last month
Increased$3K (+1.2%)Since last year
Increased$4K (+2%)Since last sale
Increased$140K (+195.5%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +46% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| October 2026 | $211K |
| September 2026 | $216K |
| August 2026 | $209K |
| July 2026 | $209K |
| June 2026 | $212K |
| May 2026 | $213K |
| April 2026 | $208K |
| March 2026 | $206K |
| February 2026 | $200K |
| January 2026 | $203K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.29 | Single-Family Home | $132,500 | 03/06/26 | 3 | 1 | 1,430 | |
0.25 | Single-Family Home | $233,000 | 06/18/26 | 3 | 1 | 1,414 | |
0.19 | Single-Family Home | $190,700 | 12/15/25 | 3 | 2 | 1,417 | |
0.08 | Single-Family Home | $216,500 | 04/15/26 | 3 | 2 | 1,187 | |
0.21 | Single-Family Home | $116,000 | 06/12/26 | 4 | 2 | 1,423 | |
0.26 | Single-Family Home | $215,000 | 03/05/26 | 3 | 1 | 1,151 | |
0.31 | Single-Family Home | $224,900 | 04/22/26 | 3 | 1 | 1,175 | |
0.42 | Single-Family Home | $209,000 | 09/10/26 | 3 | 1 | 1,328 | |
0.42 | Single-Family Home | $170,000 | 05/26/26 | 3 | 1 | 1,118 | |
0.26 | Single-Family Home | $191,000 | 03/02/26 | 3 | 2 | 1,623 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.01 | $165,200 | 2 | 1 | 1,011 | Off Market | |
0.02 | $264,100 | 3 | 2 | 1,817 | Off Market | |
0.03 | $325,400 | 4 | 3 | 2,445 | Off Market | |
0.04 | $287,300 | 3 | 2 | 1,799 | Off Market | |
0.04 | $268,500 | 4 | 2 | 2,065 | Off Market | |
0.04 | $273,800 | 3 | 2 | 1,554 | Off Market | |
0.04 | $317,800 | 3 | 2 | 1,812 | Off Market | |
0.04 | - | - | - | - | Off Market | |
0.04 | $281,400 | 3 | 2 | 1,716 | Off Market | |
0.04 | $287,200 | 3 | 2 | 1,755 | Off Market | |
0.05 | $182,500 | 2 | 2 | 1,364 | Off Market | |
0.05 | $379,900 | 3 | 2 | 2,000 | For Sale | |
0.05 | $180,800 | 3 | 3 | 1,872 | Off Market | |
0.05 | $305,700 | 3 | 2 | 1,649 | Off Market | |
0.05 | $316,300 | 3 | 2 | 2,000 | Off Market | |
0.06 | - | - | - | - | Off Market | |
0.06 | $206,900 | 2 | 2 | 1,584 | Off Market | |
0.06 | $267,400 | 3 | 2 | 1,568 | Off Market | |
0.06 | $220,800 | 3 | 2 | 1,225 | Off Market | |
0.06 | $200,000 | 3 | 2.5 | 1,709 | Recently Sold |
Local Information
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Home Highlights
Single-Family Home
Built in 1951
0.25 acre lot
1,434 sqft
$151/sqft
Garage
About this House
This single-family home is located at 987 Colonial Rd, Memphis, TN. 987 Colonial Rd is in the Colonial Acres neighborhood in Memphis, TN and in ZIP code 38117. This property has 3 bedrooms, 1 bathroom and approximately 1,434 sqft of floor space. This property has a lot size of 10846 sqft and was built in 1951.
987 Colonial Rd, Memphis, TN 38117 is a 3 bedroom, 1 bathroom, 1,434 sqft single-family home in Colonial Acres, built in 1951. It last sold for $71,500 on Sep 6, 1996. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $216,000, with a rent estimate of $1,534/month.
Home Details for 987 Colonial Rd
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Interior Details BasementNumber of Rooms: 6 |
Levels, Entrance, & Accessibility Stories: 1 |
Heating & Cooling Air ConditioningCooling System: Central |
Fireplace & Spa Fireplace |
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Exterior Home Features Roof: CompositionExterior: BrickFoundation Type: Crawl RaisedPatio |
Parking & Garage GarageParking: Garage Detached |
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Year Built Year Built: 1951 |
Property Type / Style Property Type: Single Family HomeArchitecture: Ranch / Rambler |
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Units in Building: 1 |
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Lot Area: 10846 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 6, 1996 Source: N/A | Sold | $71,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,131 | $237,600 |
Home facts updated by county records
Market trends in Memphis
Last updated August 2026
Avg. sale price
$154K
$4KMoM
Sale-to-List Price
98.1%
0.1%MoM
Price per sq ft
$111
$1MoM
Available listings
3182
22MoM
Around this home
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 987 Colonial Rd
- What is 987 Colonial Rd estimated to be worth?Trulia's estimated value for 987 Colonial Rd in Memphis, TN is $216,000.
- What is the price history for 987 Colonial Rd?987 Colonial Rd in Memphis, TN last sold for $71,500 in September 1996.
- Is Memphis a buyer's or seller's market?Memphis is currently a buyer's market, based on recent for-sale activity.
- What's the median sale price in Memphis?The median sale price in Memphis is $154K. That is down $4K from the prior month.
- Does 987 Colonial Rd have air conditioning?Yes, 987 Colonial Rd in Memphis, TN has air conditioning.
- How big is the lot at 987 Colonial Rd?The lot at 987 Colonial Rd in Memphis, TN is about 0.25 acres (10,846 sq ft).