$153,000
SOLD APR 14, 2025
1 Bed
1 Bath
600-799 Sq Ft
436 Sq Ft Lot

Recently Sold

$191 Per Sq Ft

16% Below List Price

335 Days on Market

Highlights

  • Gated Parking
  • Traditional Architecture
  • Loft
  • Landscaped Professionally
  • Wood Flooring
  • Community Pool

About This Home

As of April 2025

Mid-century style Condo. Price Reduced - Great natural lighting and park view from balcony. 1 covered parking with gate. HOA covers all utilities except electric, so SUPER low utilities. Fridge & W/D stay! Updated kitchen w white cabinets, Quartz countertops, SS appliances, Single basin sink. Laundry in unit. Cozy electric wall fire place; open kitchen to living room with breakfast bar. Great closet space- Custom Walkin closet in bdrm. Gunite pool. Gym and storage unit in basement. Average utilities $40/month; 1 covered parking spot(#44); gated; Desk area/HW floors in Living Rm; Balcony/Pool; 1 storage unit. Motivated Seller!

Last Agent to Sell the Property

Hannah Smith

Enterprise, REALTORS License #307528 Listed on: 04/25/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,120

Year Built

  • Built in 1962

Home Design

  • Traditional Architecture

Interior Spaces

  • 600-799 Sq Ft Home
  • 786 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Window Treatments
  • Loft

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer

Parking

  • 1 Car Detached Garage
  • Carport
  • Gated Parking

Additional Features

  • Landscaped Professionally
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 028001 A00003

Community Details

Overview

  • Property has a Home Owners Association
  • $479 Maintenance Fee
  • Park Terrace Community
  • Park Terrace Condominiums Subdivision
  • Property managed by Wright Property Mgnt

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,120

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Cross Street: N. Cooper Street
  • MLS Map #: 746D
  • MAAR Subdivision Name: PARK TERRACE CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 194.66
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 786
  • Year Built: 1962
  • List Price/ Sq Ft: 203
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Renovated Bathroom
  • Estimated Heated Sq Ft Range: 600-799
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Gas Cooking, Dishwasher, Refrigerator, Dryer
  • Misc Interior: All Window Treatments, Walk-In Closet(s)
  • Other Rooms: Laundry Closet, Loft/Balcony
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath, Smooth Ceiling, Carpet

Exterior Features

  • Pool Description: Neighborhood

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1D
  • Parking Storage: Gated Parking, Gate Clickers

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condominium Association: Yes
  • Condominium Name: Park Terrace
  • Management Company: Wright Property Mgnt

Fee Information

  • Monthly Maintenance Fee: 479

Lot Info

  • Lot Description: Level, Professionally Landscaped
  • Lot Number: UNIT 203
  • Acreage: 0.01
  • Lot Size: 187 X 229 IRR
  • Price Per Acre: 15990000
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 028001 A00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Apr 9, 2025
Sold by
Heil Rachel A
Bought by
Kinninmonth Herbert
Seller's Agent
Hannah Smith
Enterprise, REALTORS
List Price
$182,500
Sold Price
$153,000
Premium/Discount to List
-$29,500
-16.16%
Views
281
Current Estimated Value
$154,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,547
Avg. Annual Appreciation
2.37%

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 16, 2022
Sold by
Robinson Ronnie D and Robinson Stephanie L
Bought by
Heil Rachel A
Seller's Agent
Allen Hamblin
Hobson, REALTORS
Buyer's Agent
Chris Farm
KAIZEN Realty, LLC
List Price
$182,000
Sold Price
$190,000
Premium/Discount to List
$8,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.37%
Original Mortgage
$152,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2015
Closed on
Dec 15, 2015
Sold by
Gatlin Misty Marie
Bought by
Robinson Ronnie P and Robinson Stephanie L
Seller's Agent
Rick White
ChannelWON Realty Network
Buyer's Agent
Rick White
ChannelWON Realty Network
List Price
$119,000
Sold Price
$115,000
Premium/Discount to List
-$4,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$103,500
Interest Rate
3.98%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $153,000 None Listed On Document
Warranty Deed $190,000 Murphy Dezonia & Webb
Warranty Deed $115,000 Realty Title & Escrow Co Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $152,000 New Conventional
Previous Owner $103,500 New Conventional
Previous Owner $115,950 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Sold $153,000 -4.3% $255 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
01/14/2025 01/14/25 Price Changed $159,900 -3.1% $267 / Sq Ft
12/03/2024 12/03/24 Price Changed $165,000 -8.3% $275 / Sq Ft
07/12/2024 07/12/24 Price Changed $179,900 -0.6% $300 / Sq Ft
06/26/2024 06/26/24 Price Changed $180,900 -0.5% $302 / Sq Ft
05/21/2024 05/21/24 Price Changed $181,900 -0.3% $303 / Sq Ft
04/25/2024 04/25/24 For Sale $182,500 -3.9% $304 / Sq Ft
06/16/2022 06/16/22 Sold $190,000 +4.4% $242 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/21/2022 05/21/22 For Sale $182,000 -4.2% $232 / Sq Ft
05/16/2022 05/16/22 Off Market $190,000 -- --
12/18/2015 12/18/15 Sold $115,000 -3.4% $1,150 / Sq Ft
11/11/2015 11/11/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $119,000 -- $1,190 / 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 $1,120 $42,175 $1,150 $41,025
2024 $1,120 $33,025 $1,150 $31,875
2023 $2,012 $33,025 $1,150 $31,875
2022 $2,012 $33,025 $1,150 $31,875
2021 $1,139 $33,025 $1,150 $31,875
2020 $2,009 $27,725 $1,150 $26,575
2019 $886 $27,725 $1,150 $26,575
2018 $886 $27,725 $1,150 $26,575
2017 $907 $27,725 $1,150 $26,575
2016 $955 $21,850 $0 $0
2014 $955 $21,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10170955

Memphis Area Association of REALTORS®

APN: 02-8001-A0-0003