NOT LISTED FOR SALE

262 Lombardy Place Unit 3 Memphis, TN 38111

Chickasaw Gardens Neighborhood

Estimated Value: $145,000 - $168,000

2 Beds
1.5 Baths
1,200-1,399 Sq Ft
$115/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $157,000 $112 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $946/month

118 Days on Market

Highlights

  • Gated Parking
  • Traditional Architecture
  • Some Wood Windows
  • Landscaped Professionally
  • Wood Flooring
  • 4-minute walk to Tobey Park

About This Home

As of January 2023

Sweet, secluded, centrally located town home in Chickasaw Gardens. 2 BR/1.5 BA unit with cozy gated backyard/patio. Brand new carpet, new ceiling fans, window screens, neutral paint. Wood burning fireplace in living room with dining room combination. Newly replaced water heater. All appliances stay. 2 assigned parking spaces. Well kept development in wonderful area of town convenient to universities and airport access. Gated entry. Endless opportunities for this property. Welcome home!

Last Agent to Sell the Property

Benny Carter

Crye-Leike, Inc., REALTORS License #284702 Listed on: 08/25/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Nadia Jones

The Home Partners Realty License #348166

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,164

Year Built

  • Built in 1984

Lot Details

  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Few Trees
  • Zero Lot Line

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,200 Sq Ft Home
  • 2-Story Property
  • Popcorn or blown ceiling
  • Fireplace Features Masonry
  • Some Wood Windows
  • Aluminum Window Frames
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Pull Down Stairs to Attic

Kitchen

  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Parquet
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Security Gate
  • Iron Doors

Parking

  • Detached Garage
  • Driveway
  • Gated Parking
  • Guest Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Courtyard
  • Patio

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 045015 A00003

Community Details

Overview

  • Property has a Home Owners Association
  • $250 Maintenance Fee
  • Association fees include grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • Lombardy Place Condos First Amendment Subdivision
  • Property managed by Wright

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,164

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Town House
  • Detached Unit Type: General Residential
  • Cross Street: Lombardy
  • MLS Map #: 754E
  • MAAR Subdivision Name: CHICKASAW GARDENS
  • Condo: Yes
  • List Price Per Sq Ft: 137
  • Number Of Stories: 2
  • Price Per Sq Ft: 130.83
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1200
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, 1/2 Bath
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Half Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 2, Shared Bath, Carpet
  • Bedrooms: 2
  • Fireplace: Masonry, In Living Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Parquet Floor, Textured Ceiling
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination
  • Misc Interior: Pull Down Attic Stairs
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1.1
  • Primary Bathroom Description: Double Sinks, Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Carpet

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Patio, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Brick/Ironed Fence, Iron Fence
  • Exterior Windows: Brick Veneer, Wood/Composition, Aluminum Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Parking Display: 0D
  • Parking Storage: Driveway/Pad, Gated Parking, Gate Clickers, Parking Lot, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central, Gas
  • Security: Burglar Alarm, Smoke Detector(s), Security Gate, Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Courtyard
  • Condo Fees Include: Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking
  • Condominium Association: Yes
  • Management Company: Wright

Fee Information

  • Monthly Maintenance Fee: 250

Lot Info

  • Lot Description: Some Trees, Level, Professionally Landscaped, Wood Fenced
  • Lot Number: 7THRU9
  • Zero Lot Line: Yes

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 045015 A00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Jan 20, 2023
Sold by
Donna P Pace Living Trust
Bought by
Jones Quinton
Seller's Agent
Benny Carter
Crye-Leike, Inc., REALTORS
Buyer's Agent
Nadia Jones
The Home Partners Realty
List Price
$174,900
Sold Price
$157,000
Premium/Discount to List
-$17,900
-10.23%
Views
41
Current Estimated Value
$160,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,207
Avg. Annual Appreciation
0.75%
Original Mortgage
$157,000
Outstanding Balance
$151,901
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$8,306

Purchase Details

Listed on
Oct 4, 2018
Closed on
Oct 24, 2018
Sold by
Lombardy Investments Llc
Bought by
Pace Donna P and The Donna P Pace Living Trust
Seller's Agent
Betsy Kelly
Hobson, REALTORS
Buyer's Agent
Benny Carter
Crye-Leike, Inc., REALTORS
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%

Purchase Details

Closed on
Aug 3, 2012
Sold by
Freeman Molly B
Bought by
Lombardy Investments Llc

Purchase Details

Closed on
Jul 30, 2002
Sold by
Mason Stephen E
Bought by
Freeman Molly B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,276
Interest Rate
6.3%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 1999
Sold by
Jackman James M and Jackman Carol C
Bought by
Mason Stephen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
7.27%
Source: Public Records

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
Jones Quinton $157,000 Realty Title
Pace Donna P $130,000 Realty Title
Lombardy Investments Llc $100,000 None Available
Freeman Molly B $107,700 Realty Title
Mason Stephen E $85,000 Security Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Quinton $157,000
Previous Owner Freeman Molly B $105,276
Previous Owner Mason Stephen E $71,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2023 01/20/23 Sold $157,000 -4.8% $131 / Sq Ft
10/10/2022 10/10/22 Price Changed $164,900 -2.9% $137 / Sq Ft
09/15/2022 09/15/22 Price Changed $169,900 -2.9% $142 / Sq Ft
08/25/2022 08/25/22 For Sale $174,900 +34.5% $146 / Sq Ft
10/31/2018 10/31/18 Sold $130,000 -3.7% $108 / Sq Ft
10/04/2018 10/04/18 For Sale $135,000 -- $113 / 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 $1,164 $40,175 $4,350 $35,825
2024 $1,164 $34,350 $4,350 $30,000
2023 $2,092 $34,350 $4,350 $30,000
2022 $2,092 $34,350 $4,350 $30,000
2021 $932 $34,350 $4,350 $30,000
2020 $821 $25,675 $4,350 $21,325
2019 $821 $25,675 $4,350 $21,325
2018 $1,313 $41,080 $6,960 $34,120
2017 $1,344 $41,080 $6,960 $34,120
2016 $1,748 $40,000 $0 $0
2014 $1,748 $40,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Benny Carter

    Seller's Agent in 2023

    Benny Carter

    Crye-Leike

    (901) 766-9004

    1 in this area

    7 Total Sales

    Benny Carter
    Section Image
  • Nadia Jones

    Buyer's Agent in 2023

    Nadia Jones

    The Home Partners Realty

    (901) 277-6186

    1 in this area

    14 Total Sales

    Nadia Jones
    Section Image
  • Betsy Kelly

    Seller's Agent in 2018

    Betsy Kelly

    Hobson, REALTORS

    (901) 870-6244

    2 in this area

    38 Total Sales

    Betsy Kelly
    Section Image
  • Eleanore Maynard

    Seller Co-Listing Agent in 2018

    Eleanore Maynard

    Hobson, REALTORS

    (901) 219-1905

    5 in this area

    88 Total Sales

    Eleanore Maynard
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10131988

Memphis Area Association of REALTORS®

APN: 04-5015-A0-0003

Tennessee Shelby County Memphis 38111 Chickasaw Gardens

262 Lombardy Place Unit 3, Memphis, TN

This home is located at 262 Lombardy Place Unit 3, Memphis, TN 38111 since 25 August 2022 and is currently estimated at $160,207, approximately $114 per square foot. This property was built in 1984. 262 Lombardy Place Unit 3 is a home located in Shelby County with nearby schools including Sherwood Middle, Central High School, and Hanley School - Elementary.

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