NOT LISTED FOR SALE

Estimated Value: $344,000 - $463,519

2 Beds
2 Baths
1,600-1,799 Sq Ft
1,742 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $520,000 $289 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $2,386/month

8 Days on Market

Highlights

  • Fitness Center
  • Gated Parking
  • Gated Community
  • Spa
  • Sitting Area In Primary Bedroom
  • Landscaped Professionally

About This Home

As of December 2022

Chic penthouse in the sought after Park Terrace Condominium. The seller spared no expense in making upgrades to this already fabulous unit. Light filled, open plan design w/ beautifully renovated kitchen overlooking L/D room w/terrazzo tile flrs., marble baseboard, & 10’ ceilings throughout. Custom office & wet bar areas. Spa-like master BA w/dbl vanity and oversized steam shower. Covered terrace surrounds the entire condo w/multiple access points. List of upgrades & features provided on request

Last Agent to Sell the Property

Jon Dickens

The Firm License #304275 Listed on: 11/20/2022

Last Buyer's Agent

Debbie Sowell

NextHome Cornerstone Realty License #259008

NextHome Cornerstone Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,565

Year Built

  • Built in 1965

Lot Details

  • Landscaped Professionally

Home Design

  • Soft Contemporary Architecture

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,780 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Home Office
  • Basement Fills Entire Space Under The House
  • Iron Doors

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Carport
  • Gated Parking

Pool

  • Spa
  • Pool Equipment or Cover

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 028001 A00034

Community Details

Overview

  • Property has a Home Owners Association
  • $853 Maintenance Fee
  • Association fees include exterior insurance, exterior maintenance, management fees, pest control contract, reserve fund, some utilities, trash collection
  • Mid-Rise Condominium
  • Park Terrace Community
  • Park Terrace Condominiums Subdivision

Amenities

  • Community Storage Space

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,565

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • MLS Map #: 746D
  • MAAR Subdivision Name: PARK TERRACE CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 309
  • Number Of Stories: 1
  • Price Per Sq Ft: 292.13
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1780
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room, Office
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Hardwood Floor, Level 1, Private Full Bath, Smooth Ceiling, Walk-In Closet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Marble/Terrazzo, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Wet Bar, Fire Sprinklers, Smoke Detector(s)
  • Other Rooms: Laundry Room, Office/Sewing Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Double Sinks, Smooth Ceiling, Separate Shower, Tile Floor
  • P R I M A R Y B E D R O O M: Full Bath, Hardwood Floor, Level 1, Smooth Ceiling, Sitting Area, Walk-In Closet

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Pool Cleaning Equipment, Gas Grill, Storage Building, Covered Patio, Hot Tub
  • Exterior Windows: Brick Veneer, Double Pane Window(s)
  • Foundation: Full Basement
  • Pool Description: Neighborhood

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Gated Parking, Gate Clickers

Utilities

  • Cooling: 220 Wiring, Ceiling Fan(s), Central
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Condo Amenities: Exercise Room, On-Site Storage
  • Condo Fees Include: Exterior Insurance, Exterior Maintenance, Management Fees, Pest Control Contract, Reserve Fund, Some Utilities, Trash Collection
  • Condominium Association: Yes
  • Condominium Name: Park Terrace
  • Neighborhood Amenities: Gated Neighborhood, Pool, Recreation Facilities

Fee Information

  • Monthly Maintenance Fee: 853

Lot Info

  • Lot Description: Professionally Landscaped
  • Lot Number: UNIT 603
  • Acreage: 0.04
  • Lot Size: 187 X 229 IRR
  • Price Per Acre: 13750000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 028001 A00034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2022
Closed on
Dec 20, 2022
Sold by
Goldsmith Kristie S
Bought by
Oakwood Trust
Seller's Agent
Jon Dickens
The Firm
Buyer's Agent
Debbie Sowell
NextHome Cornerstone Realty
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Views
11
Current Estimated Value
$399,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$120,620
Avg. Annual Appreciation
-9.31%

Purchase Details

Listed on
Oct 18, 2017
Closed on
Jan 16, 2018
Sold by
Counce Michael F
Bought by
Goldsmith Timothy F and Goldsmith Kristle S
Seller's Agent
Jake Lawhead
Ware Jones, REALTORS
Buyer's Agent
Kaylee J. Oaks
Hometown Realty
List Price
$329,000
Sold Price
$340,000
Premium/Discount to List
$11,000
3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$272,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2008
Sold by
Park Terrace Of Memphis Llc
Bought by
Counce Michael F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
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
Oakwood Trust $520,000 Mid South Title Services
Goldsmith Timothy F $340,000 Tri State Title Llc
Counce Michael F $290,000 Stewart Title Of Memphis Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goldsmith Timothy F $272,000
Previous Owner Counce Michael F $216,000
Previous Owner Counce Michael F $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $520,000 -5.5% $325 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
11/20/2022 11/20/22 For Sale $550,000 +61.8% $344 / Sq Ft
01/16/2018 01/16/18 Sold $340,000 +3.3% $213 / Sq Ft
12/22/2017 12/22/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $329,000 -- $206 / 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 $2,565 $98,250 $2,600 $95,650
2024 $2,565 $75,650 $2,600 $73,050
2023 $4,608 $75,650 $2,600 $73,050
2022 $4,608 $75,650 $2,600 $73,050
2021 $4,662 $75,650 $2,600 $73,050
2020 $4,422 $61,025 $2,600 $58,425
2019 $1,950 $61,025 $2,600 $58,425
2018 $1,950 $61,025 $2,600 $58,425
2017 $1,996 $61,025 $2,600 $58,425
2016 $1,892 $43,300 $0 $0
2014 $1,892 $43,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10138000

Memphis Area Association of REALTORS®

APN: 02-8001-A0-0034