NOT LISTED FOR SALE

1085 Summer Springs Rd Collierville, TN 38017

Estimated Value: $497,000 - $723,000

5 Beds
3.5 Baths
4,000-4,499 Sq Ft
$140/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $520,000 $116 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,195/month

31 Days on Market

Highlights

  • Updated Kitchen
  • Landscaped Professionally
  • Wood Flooring
  • Sycamore Elementary School Rated A
  • French Architecture
  • Main Floor Primary Bedroom

About This Home

As of November 2020

Custom home w/stunning features & new roof! Large, 2 story entry w/travertine tile. Master downstairs w/sitting area, door to covered patio, renovated bath & large closet. Kitchen boasts upgraded cabinetry, gas cooking, island, SS appliances & granite. Hearth w/built-in bookcases & fireplace. Front & rear stairways w/wrought iron railings. Gorgeous outdoor entertaining space w/upgraded pergola, covered patio & extended concrete. Storm shelter, central vac, soffit lighting, irrigation & more!

Last Agent to Sell the Property

Brandy Marek

Grace and Grit Realty Co. LLC License #339071 Listed on: 10/05/2020

Last Buyer's Agent

James Walker

REMAX Experts License #264457

REMAX Experts

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,067

Year Built

  • Built in 2001

Lot Details

  • 0.44 Acre Lot
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped Professionally
  • Level Lot
  • Few Trees

HOA Fees

  • $46 Monthly HOA Fees

Home Design

  • French Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 4,000-4,499 Sq Ft Home
  • 4,360 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Two Story Entrance Foyer
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Play Room
  • Storage Room
  • Laundry Room
  • Keeping Room
  • Intercom
  • Attic

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Remodeled Bathroom
  • Double Vanity
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Parking

  • 3 Car Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Southridge Ph2 Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number C0258S B00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,067

Year Built

Built in 2001

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: French
  • Detached Unit Type: General Residential
  • MLS Map #: 875B
  • MAAR Subdivision Name: SOUTHRIDGE PH2
  • List Price Per Sq Ft: 120
  • Number Of Stories: 2
  • Price Per Sq Ft: 119.27
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 4360
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Master Bedroom, 1/2 Bath, 1 Bath, Laundry Room, Keeping/Hearth Room, Breakfast Room
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Play Room/Rec Room, Office
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Master Down, Renovated Bathroom, Luxury Master Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Half Bath Down
  • Estimated Heated Sq Ft Range: 4000-4499
  • Bedroom 2 Description: Level 2, Walk-In Closet, Shared Bath, Smooth Ceiling
  • Bedroom 3 Description: Level 2, Walk-In Closet, Shared Bath, Smooth Ceiling
  • Bedroom 4 Description: Level 2, Walk-In Closet, Shared Bath, Smooth Ceiling
  • Bedroom 5 Description: Level 2, Walk-In Closet, Shared Bath
  • Bedrooms: 5
  • Bedrooms Down: 1
  • Fireplace: Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Two Story Foyer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Intercom
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Separate Breakfast Room, Pantry, Island In Kitchen, Keeping/Hearth Room
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Tile Floor
  • Master Bedroom: Level 1, Walk-In Closet, Full Bath, Sitting Area, Smooth Ceiling
  • Master Bedroom Dimensions: 21x15
  • Misc Interior: Walk-In Closet(s), Walk-In Attic, Central Vacuum, Rear Stairs to Playroom
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Entry Hall, Attic
  • Total Bathrooms: 3.1

Exterior Features

  • Misc Exterior: B-B-Q Pit, Patio, Covered Patio, Wood Fence, Sidewalks
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 3
  • Parking Display: 3
  • Parking Storage: Driveway/Pad, Storage Room(s), Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 550
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Professionally Landscaped, Wood Fenced, Iron Fenced
  • Lot Number: 43
  • Acreage: 0.44
  • Keeping Hearth Dimension: 16x15
  • Lot Size: 19372 SF 108 X 186
  • Price Per Acre: 1193182

Multi Family

  • Number Of Rooms: 11

Tax Info

  • Assessor Parcel Number: C0258S B00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2021
Sold by
Young Ralph Charles
Bought by
Young Ralph Charles and Young Mattie Mayberry
Current Estimated Value
$699,286

Purchase Details

Listed on
Oct 5, 2020
Closed on
Nov 23, 2020
Sold by
Bryce Melodie and Bryce William Earl
Bought by
Young Ralph Charles
Seller's Agent
Brandy Marek
Grace and Grit Realty Co. LLC
Buyer's Agent
James Walker
REMAX Experts
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%
Original Mortgage
$538,720
Outstanding Balance
$483,739
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$146,218

Purchase Details

Listed on
Aug 31, 2018
Closed on
Nov 14, 2018
Sold by
Bone John J and Bone Shaun H
Bought by
Bryce Melodie and Bryce William Earl
Seller's Agent
Sue Deaton
C21 Home First, REALTORS
Buyer's Agent
Brandy Marek
Grace and Grit Realty Co. LLC
List Price
$498,000
Sold Price
$475,000
Premium/Discount to List
-$23,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.56%
Original Mortgage
$380,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Bone John J and Bone Shaun H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
6.04%
Mortgage Type
Unknown

Purchase Details

Closed on
May 23, 2007
Sold by
Cathey Roosevelt
Bought by
Deutsche Bank National Trust Co and Morgan Stanley Loan Trust 2006-He4

Purchase Details

Closed on
Feb 14, 2006
Sold by
Bowman Eric A and Cook Kenneth
Bought by
Cathey Roosevelt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
9.14%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 29, 2003
Sold by
Bowman Eric A
Bought by
Bowman Eric A and Cook Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Young Ralph Charles -- None Available
Young Ralph Charles $520,000 Edco Ttl & Closing Svcs Inc
Bryce Melodie $475,000 None Available
Bone John J $380,000 None Available
Deutsche Bank National Trust Co $446,298 None Available
Cathey Roosevelt $495,000 Assured Escrow & Title
Bowman Eric A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Ralph Charles $538,720
Previous Owner Bryce William $10,000
Previous Owner Bryce Melodie $25,000
Previous Owner Bryce Melodie $380,000
Previous Owner Bone John J $324,500
Previous Owner Bone John J $41,580
Previous Owner Bone John J $336,000
Previous Owner Bone John J $342,000
Previous Owner Cathey Roosevelt $399,200
Previous Owner Cathey Roosevelt $99,800
Previous Owner Bowman Eric A $408,000
Previous Owner Bowman Eric A $416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $520,000 -1.0% $130 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
10/19/2020 10/19/20 Price Changed $525,000 -0.9% $131 / Sq Ft
10/18/2020 10/18/20 Price Changed $530,000 -0.9% $133 / Sq Ft
10/05/2020 10/05/20 For Sale $535,000 +12.6% $134 / Sq Ft
11/14/2018 11/14/18 Sold $475,000 -4.6% $119 / Sq Ft
08/31/2018 08/31/18 For Sale $498,000 -- $125 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,067 $147,425 $33,125 $114,300
2024 $4,067 $119,975 $23,625 $96,350
2023 $6,275 $119,975 $23,625 $96,350
2022 $6,131 $119,975 $23,625 $96,350
2021 $4,139 $119,975 $23,625 $96,350
2020 $6,096 $103,675 $23,625 $80,050
2019 $4,199 $103,675 $23,625 $80,050
2018 $4,199 $103,675 $23,625 $80,050
2017 $5,951 $103,675 $23,625 $80,050
2016 $4,278 $97,900 $0 $0
2014 $4,278 $97,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10086314

Memphis Area Association of REALTORS®

APN: C0-258S-B0-0004