$325,000

5238 Peg Ln Memphis, TN 38117

$3,859
Closing credit¹
3 beds
2 full
0.2 acres
House

Property details

Highlights

Home typeSingle Family Residence
HeatingOther
StatusComing Soon
CoolingOther
Lot size0.22 Acres
Year built1956
ParkingOther (See REMARKS)
MLS #10198099
WaterfrontOther

Summary

  • Full Bathrooms: 2
  • Flooring Type: Other (See REMARKS)
  • Total Bedroom Count: 3
  • Parking: Other (See REMARKS)
  • Waterfront: Other
  • Exterior: Other (See REMARKS)
  • Architectural Style: Traditional
  • Heating: Other
  • Cooling: Other
  • List Price: $325,000
  • Annual Tax Amount: $3,766
  • Tax Year: 2024
  • Lot: Other
  • Directions: North on White Station from Walnut Grove. Left on Peg Lane. Corner of Peg & White Station
  • Year Built: 1956
  • Stories: 1
  • Lot Size: 0.22 Acres
  • MLS Number: 10198099
  • Office Name: Keller Williams

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 9:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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5238 Peg Ln, Memphis, TN 38117 - view of front of property featuring brick siding, a front lawn, and a shingled roof

$325,000

5238 Peg Ln

$3,859

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 20, 2019
Home Sold
$210,000
Dec 05, 2005
Home Sold
$150,000

Tax history

YearAssessmentProperty Tax
2024$61,825$3,766
2023$61,825$3,766
2022$61,825$3,810
2021$61,825$3,810
2020$43,250$3,133
2019$43,250$3,133
2018$43,250$1,777
2017$43,250$1,743

History based on county public records data.

Nearby schools

8

Richland Elementary School

Public District PK-5

0.5 mi

5440 Rich Rd

8

White Station Elementary School

Public District PK-5

0.8 mi

4840 Chickasaw Rd

4

Aurora Collegiate Academy

Public Charter KG-5

0.9 mi

4841 Summer Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $80,120. The most common annual income of people living in Memphis, TN is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

10%
<35k
53%
35k-100k
31%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

39%
Single, No Kids
6%
Single, with Kids
27%
Married, No Kids
28%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
38%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • TennisTennis
  • Hiking/backpackingHiking/backpacking
  • Skiing/snowboardingSkiing/snowboarding

Where do the neighbors shop?

  • IKEAIKEA
  • Nordstrom RackNordstrom Rack
  • NordstromNordstrom

Where do the neighbors go to eat?

  • ChipotleChipotle
  • California Pizza KitchenCalifornia Pizza Kitchen
  • Bonefish GrillBonefish Grill

What do the neighbors drive?

  • JeepJeep
  • MazdaMazda
  • BMWBMW

What do the neighbors listen to?

  • AlternativeAlternative
  • RockRock
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Memphis, TN

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

About 5238 Peg Ln

The listing price of 5238 Peg Ln property is $325,000.

The property 5238 Peg Ln is a house located in Memphis, Tennessee, 38117.

Coming Soon: 5238 Peg Ln is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.

The nearby schools for 5238 Peg Ln are: Richland Elementary School (GreatSchools Rating 8/10), White Station Elementary School (GreatSchools Rating 8/10), Aurora Collegiate Academy (GreatSchools Rating 4/10), White Station Middle School (GreatSchools Rating 8/10), Compass Community School Berclair Campus (GreatSchools Rating 4/10), Kingsbury Middle School (GreatSchools Rating 2/10), White Station High School (GreatSchools Rating 8/10), Kingsbury High School (GreatSchools Rating 2/10), Memphis Rise Academy (GreatSchools Rating 5/10).

According to the records, the last property tax for 2024 is $3,766 (source: MLS/based on county public records data).

The last sale was on August 20, 2019 for $210,000 (source: MLS/tax record).

The property at 5238 Peg Ln has 3 bedrooms and 2 bathrooms.

The year of construction for 5238 Peg Ln is 1956.

This home is located at 5238 Peg Ln in Memphis, TN and zip code 38117. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $325,000.

In May 2025, from all listings sold in Memphis, TN there were more than 70 sold above asking price, over 263 sold below and more than 110 were sold right at the asked price. The number of listings in Memphis, TN increased by 11.3% between April and May 2025. The median list price of listings available in May 2025 was $220,000, while the average time on the real estate market was 10 days.

From Rocket Homes Real Estate and based on county public records data.

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