$3,919 Closing Credit¹
#10196533, Listing office: Keller Williams
$325,000 List price
5238 Peg Ln Memphis, TN 38117
$3,859
Closing credit¹
3 beds
2 full
0.2 acres
House
Property details
About 5238 Peg Ln
Welcome home to Normandy Meadows! Located minutes from East Memphis shopping and dining this move-in ready 3/2 gem puts the whole city within reach. The exterior features a painted brick exterior with elegant wrought iron fencing and a circle drive. Inside you'll find a spacious layout with large rooms and a welcoming foyer. Enjoy updated lighting throughout, a new furnace and condenser, and a replaced sewer line. The kitchen and bathroom have been thoughtfully renovated with modern finishes. Out back, a large yard with a mounted TV creates the perfect space for effortless outdoor living. Call your agent and schedule a showing today!
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
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: 6/26/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$325,000
5238 Peg Ln
$3,859
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 20, 2019 | Home Sold | $210,000 |
| Dec 05, 2005 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $80,120. The majority of Memphis, TN residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
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?
Tennis
Hiking/backpacking
Skiing/snowboarding
Where do the neighbors shop?
IKEA
Nordstrom Rack
Nordstrom
Where do the neighbors go to eat?
Chipotle
California Pizza Kitchen
Bonefish Grill
What do the neighbors drive?
Jeep
Mazda
BMW
What do the neighbors listen to?
Alternative
Rock
Talk/Personality
All data provided by Home Junction and Claritas
Similar homes for sale
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.
Active Listing: 5238 Peg Ln is For Sale (Active/New) which means the seller is accepting offers.
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. In May 2025 in Memphis, TN there were 11.3% more homes for sale than in April. In May 2025, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $220,000.
From Rocket Homes Real Estate and based on county public records data.