NOT LISTED FOR SALE

Estimated Value: $970,000 - $1,125,000

6 Beds
5.5 Baths
6,000-6,999 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $1,050,000 $150 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,304/month

36 Days on Market

Highlights

  • In Ground Pool
  • Sitting Area In Primary Bedroom
  • 2 Acre Lot
  • Gated Parking
  • Updated Kitchen
  • Landscaped Professionally

About This Home

As of May 2022

Beautiful Estate home with picturesque grounds, 2 suites down, new nail down hardwood floors, soaring two story entryway and formal living room with gorgeous chandeliers on lifts. Master suite has sitting area, his/her closets, and private patio. Huge kitchen with new commercial refrigerator, breakfast area and adjacent vaulted hearth room. Upstairs has 4 large bedrooms, 3 full baths & a massive bonus room. Resurfaced gunite pool, 2 new pumps, 2 new hvac systems. Close to top private schools.

Last Agent to Sell the Property

Briscoe Ellett

Weichert, REALTORS-BenchMark License #308087 Listed on: 04/14/2022

Weichert, REALTORS-BenchMark

Last Buyer's Agent

Heather Quinn

Crye-Leike, Inc., REALTORS License #339957

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,430

Year Built

  • Built in 2002

Lot Details

  • 2 Acre Lot
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

HOA Fees

  • $38 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 6,000-6,999 Sq Ft Home
  • 6,899 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Gas Log Fireplace
  • Fireplace in Hearth Room
  • Double Pane Windows
  • Window Treatments
  • Casement Windows
  • Two Story Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Home Office
  • Loft
  • Bonus Room
  • Storage Room
  • Laundry Room
  • Keeping Room

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Brick
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Possible Extra Bedroom
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Attic

  • Attic Access Panel
  • Permanent Attic Stairs

Home Security

  • Monitored
  • Fire and Smoke Detector
  • Termite Clearance
  • Iron Doors

Parking

  • 3 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Gated Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Cove
  • Covered Patio or Porch

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number D0223Y B00008

Community Details

Overview

  • Monterey Farms Subdphase II Subdivision
  • Mandatory home owners association

Security

  • Building Fire Alarm

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,430

Year Built

Built in 2002

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 799A
  • MAAR Subdivision Name: MONTEREY FARMS PH2
  • Handicap Design: Wide Doors
  • List Price Per Sq Ft: 163
  • Number Of Stories: 2
  • Price Per Sq Ft: 152.2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 6899
  • Termite Contract: Yes
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1/2 Bath, 2 or More Baths, Laundry Room, Keeping/Hearth Room, Breakfast Room, Office
  • Second Story Floor Plan: 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 6000 - 6999
  • Bedroom 2 Description: Level 1, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 5 Description: Level 2, Walk-In Closet, Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 6
  • Bedrooms Down: 2
  • Fireplace: Prefabricated, Ventless Gas Fireplace, In Living Room, In Keeping/Hearth room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Brick Floor, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling, Two Story Foyer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Equipment: Double Oven, Cooktop, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired, Cable Available, Separate Ice Maker
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Breakfast Bar, Separate Breakfast Room, Pantry, Island In Kitchen, Keeping/Hearth Room
  • Misc Interior: All Window Treatments, Permanent Attic Stairs, Attic Access, Walk-In Attic, Rear Stairs to Playroom, Security System, Smoke Detector(s), Monitored Alarm, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, Bonus Room, Internal Expansion Area, Entry Hall, Loft/Balcony, Attic
  • Total Bathrooms: 5.1
  • Primary Bathroom Description: Double Sinks, Separate Shower, Dressing Area, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Sitting Area, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Auto Lawn Sprinkler, Pool Cleaning Equipment, Covered Patio, Well Landscaped Grounds, Wood Fence, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, Stucco, Double Pane Window(s), Casement Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 3
  • Parking Display: G3A
  • Parking Storage: Circular Drive, More than 3 Coverd Spaces, Storage Room(s), Garage Door Opener(s), Back-Load Garage, Gated Parking

Utilities

  • Cooling: Central, Ceiling Fan(s), 3 or More Systems, 220 Wiring
  • Heating: Central, Gas, 3 or More Systems
  • Security: Burglar Alarm, Fire Alarm, Smoke Detector(s), Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, 2+ Water Heaters, Public Water, Septic Tank

Association/Amenities

  • Annual Association Fee: 450
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Cove, Professionally Landscaped, Wood Fenced, Iron Fenced, Brick/Iron Fenced
  • Lot Number: 44
  • Acreage: 2
  • Keeping Hearth Dimension: 21x17
  • Lot Size: 87148 SF 227 X 376
  • Price Per Acre: 562500

Multi Family

  • Number Of Rooms: 11

Tax Info

  • Assessor Parcel Number: D0223Y B00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
May 31, 2022
Sold by
Bowden and Joan
Bought by
Mcelhaney William K and Mcelhaney Jennifer L
Seller's Agent
Briscoe Ellett
Weichert, REALTORS-BenchMark
Buyer's Agent
Heather Quinn
Crye-Leike, Inc., REALTORS
List Price
$1,125,000
Sold Price
$1,050,000
Premium/Discount to List
-$75,000
-6.67%
Current Estimated Value
$1,059,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,874
Avg. Annual Appreciation
-0.90%
Original Mortgage
$626,652
Interest Rate
5.1%
Mortgage Type
VA

Purchase Details

Listed on
Feb 1, 2020
Closed on
Apr 6, 2020
Sold by
Makee Michael and Makee Anita
Bought by
Bowden Bill and Bowden Joan
Seller's Agent
Hedda Schwartz
KAIZEN Realty, LLC
Buyer's Agent
Briscoe Ellett
Weichert, REALTORS-BenchMark
List Price
$799,900
Sold Price
$758,000
Premium/Discount to List
-$41,900
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.37%

Purchase Details

Closed on
Jun 19, 2009
Sold by
Suntrust Bank
Bought by
Makee Michael and Makee Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 6, 2008
Sold by
Hodges James W and Hodges Karen
Bought by
Suntrust Bank

Purchase Details

Closed on
Jun 21, 1999
Sold by
Monterey Farms
Bought by
Hodges James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.75%
Mortgage Type
Construction
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
Mcelhaney William K $1,030,000 Realty Title & Escrow
Bowden Bill $758,000 Edco Ttl & Closing Svcs Inc
Makee Michael $435,000 Landcastle Title Llc
Suntrust Bank $747,560 None Available
Hodges James W $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelhaney William K $623,000
Closed Mcelhaney William K $626,652
Previous Owner Makee Michael $321,000
Previous Owner Hodges James W $696,000
Previous Owner Hodges James W $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $1,050,000 -6.7% $175 / Sq Ft
04/14/2022 04/14/22 For Sale $1,125,000 +48.4% $188 / Sq Ft
04/08/2020 04/08/20 Sold $758,000 -5.2% $126 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $799,900 -- $133 / 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 $6,430 $290,975 $45,750 $245,225
2024 $6,430 $189,675 $28,425 $161,250
2023 $6,430 $189,675 $28,425 $161,250
2022 $6,430 $189,675 $28,425 $161,250
2021 $6,544 $189,675 $28,425 $161,250
2020 $5,760 $136,000 $22,750 $113,250
2019 $5,508 $136,000 $22,750 $113,250
2018 $5,508 $136,000 $22,750 $113,250
2017 $5,590 $136,000 $22,750 $113,250
2016 $5,954 $136,250 $0 $0
2014 $7,427 $169,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10121711

Memphis Area Association of REALTORS®

APN: D0-223Y-B0-0008