NOT LISTED FOR SALE

1559 Lawton Trail Germantown, TN 38138

Estimated Value: $724,000 - $1,091,000

4 Beds
5 Baths
4,500-4,999 Sq Ft
$178/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $670,000 $134 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,531/month

145 Days on Market

Highlights

  • Home Theater
  • Sitting Area In Primary Bedroom
  • Traditional Architecture
  • Riverdale Elementary School Rated A
  • Landscaped Professionally
  • Wood Flooring

About This Home

As of September 2020

Builder's personal custom home (built 2016) offering an upscale yet relaxed atmosphere, exceptional quality, low maintenance, & energy efficiency. 4 BRs (Master & 2nd BR down), 2.5 baths down, 2 BRs & 1.5 baths up plus media & game room. Open floor plan & private outdoor living area - perfect for entertaining. Walk to local parks, restaurants, & shopping! Impossible to describe all of the special features - a must see! Avg. MLGW bill $200/month. Owner will pay $10,000 for buyer's closing costs.

Last Listed By

Mary Johnson

Adaro Realty, Inc. License #336045 Listed on: 04/16/2020

Adaro Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,944

Year Built

  • Built in 2016

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 57 x 132
  • Wood Fence
  • Landscaped Professionally
  • Level Lot
  • Sprinklers on Timer

HOA Fees

  • $63 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 4,500-4,999 Sq Ft Home
  • 4,998 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Gas Log Fireplace
  • Some Wood Windows
  • Window Treatments
  • Mud Room
  • Great Room
  • Dining Room
  • Home Theater
  • Den with Fireplace
  • Play Room
  • Screened Porch

Kitchen

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

Flooring

  • Wood
  • Partially Carpeted
  • Concrete
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Access Panel
  • Permanent Attic Stairs

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Iron Doors

Parking

  • 3 Car Attached Garage
  • Workshop in Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available

Community Details

  • Laurel Oaks P.U.D. Final Plat Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number G0220J T00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,944

Year Built

Built in 2016

Lot Details

0

HOA Fees

$63 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 861A
  • MAAR Subdivision Name: LAUREL OAKS
  • List Price Per Sq Ft: 136
  • Number Of Stories: 2
  • Price Per Sq Ft: 134.05
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 4998
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room
  • Second Story Floor Plan: 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Play Room/Rec Room, Media Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 4500-4999
  • Bedroom 2 Description: Level 1, Private Full Bath
  • Bedroom 3 Description: Level 2, Walk-In Closet, Carpet
  • Bedroom 4 Description: Level 2, Walk-In Closet, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Fireplace: Ventless Gas Fireplace, In Den/Great Room, Gas Starter, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Great Room, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen
  • Misc Interior: All Window Treatments, Wet Bar, Walk-In Closet(s), Permanent Attic Stairs, Attic Access, Walk-In Attic, Mud Room, Security System, Smoke Detector(s), Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Play Room, Media Room
  • Total Bathrooms: 3.2
  • Primary Bathroom Description: Double Sinks, Separate Shower, 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

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Auto Lawn Sprinkler, Screen Porch
  • Exterior Windows: Brick Veneer, Stone, Wood Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 3
  • Parking Display: G3A
  • Parking Storage: Driveway/Pad, Workshop(s), Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Annual Association Fee: 750
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Professionally Landscaped, Wood Fenced
  • Lot Number: 6
  • Acreage: 0.17
  • Lot Size: 57 X 132
  • Price Per Acre: 3997647

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: G0220J T00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2020
Closed on
Nov 2, 2020
Sold by
Leung Benny K
Bought by
Leung Benny K and Leung Kelly
Seller's Agent
Mary Johnson
Adaro Realty, Inc.
Buyer's Agent
Jeremy Veldman
KAIZEN Realty, LLC
List Price
$679,900
Sold Price
$670,000
Premium/Discount to List
-$9,900
-1.46%
Total Days on Market
145
Current Estimated Value
$888,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,464
Avg. Annual Appreciation
6.24%
Original Mortgage
$91,900
Outstanding Balance
$52,583
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$835,881

Purchase Details

Listed on
Apr 16, 2020
Closed on
Sep 30, 2020
Sold by
Poston Alex R and Poston Nicole S
Bought by
Leung Benny
Seller's Agent
Mary Johnson
Adaro Realty, Inc.
Buyer's Agent
Jeremy Veldman
KAIZEN Realty, LLC
List Price
$679,900
Sold Price
$670,000
Premium/Discount to List
-$9,900
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,900
Outstanding Balance
$52,583
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$835,881

Purchase Details

Listed on
Oct 23, 2014
Closed on
Jul 9, 2015
Sold by
Story Mark A
Bought by
Poston Alex R and Poston Nicole S
Seller's Agent
Chuck House
Keller Williams
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$115,000
Sold Price
$105,000
Premium/Discount to List
-$10,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.53%
Original Mortgage
$405,000
Interest Rate
4.08%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 1, 2012
Closed on
Mar 31, 2014
Sold by
Mtm Builders Inc
Bought by
Story Mark A
Seller's Agent
Saeed Nia
Crye-Leike Commercial
Buyer's Agent
Christine Lundy
Key Connect Group, LLC
List Price
$95,000
Sold Price
$85,000
Premium/Discount to List
-$10,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.10%

Range of Values:

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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
Leung Benny K -- None Available
Leung Benny $670,000 Realty Title
Poston Alex R $105,000 Tri State Title & Escrow Inc
Story Mark A $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leung Benny $91,900
Open Leung Benny $510,400
Previous Owner Poston Alex R $500,000
Previous Owner Poston Alex R $417,000
Previous Owner Poston Alex R $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $670,000 -1.4% $149 / Sq Ft
08/18/2020 08/18/20 Price Changed $679,600 0.0% $151 / Sq Ft
07/01/2020 07/01/20 Price Changed $679,700 0.0% $151 / Sq Ft
05/14/2020 05/14/20 Price Changed $679,800 0.0% $151 / Sq Ft
04/16/2020 04/16/20 For Sale $679,900 +547.5% $151 / Sq Ft
07/09/2015 07/09/15 Sold $105,000 -8.7% --
06/03/2015 06/03/15 Pending -- -- --
10/23/2014 10/23/14 For Sale $115,000 +35.3% --
03/31/2014 03/31/14 Sold $85,000 -10.5% --
03/25/2014 03/25/14 Pending -- -- --
01/01/2012 01/01/12 For Sale $95,000 -- --
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
2024 $5,944 $175,350 $28,650 $146,700
2023 $9,168 $175,350 $28,650 $146,700
2022 $8,878 $175,350 $28,650 $146,700
2021 $9,118 $175,350 $28,650 $146,700
2020 $7,677 $127,950 $28,650 $99,300
2019 $5,182 $127,950 $28,650 $99,300
2018 $5,182 $127,950 $28,650 $99,300
2017 $8,371 $137,675 $28,650 $109,025
2016 $2,113 $48,350 $0 $0
2014 $940 $21,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10074752

Memphis Area Association of REALTORS®

APN: G0-220J-T0-0006