NOT LISTED FOR SALE

2670 Central Terrace Unit 5 Memphis, TN 38111

Chickasaw Gardens Neighborhood

Estimated Value: $147,000 - $181,785

2 Beds
2.5 Baths
1,200-1,399 Sq Ft
3,049 Sq Ft Lot

Last Sold November 22, 2021

Last sale price $155,000 $111 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,001/month

28 Days on Market

Highlights

  • Pool House
  • Two Primary Bathrooms
  • Landscaped Professionally
  • Updated Kitchen
  • Colonial Architecture
  • Clubhouse

About This Home

As of November 2021

Come check out this rare opportunity to live in the gated Villas at Chickasaw! Serene community pool and assigned parking spaces. Minutes away from the Liberty Bowl and CBU! Quiet and quaint, each unit has it's own fenced in patio, perfect for a small outdoor space. Real granite countertops, stainless steel appliances, and real hardwood give an upscale touch. Bedrooms are spacious with ample closet space through out. Each bedroom has it's own private updated bathroom. Washer/dryer included!

Last Agent to Sell the Property

Amanda Kirkman

KAIZEN Realty, LLC License #335577 Listed on: 09/22/2021

KAIZEN Realty, LLC

Last Buyer's Agent

Richard Travers

Crye-Leike, Inc., REALTORS License #234229

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,285

Year Built

  • Built in 1972

Lot Details

  • Wrought Iron Fence
  • Landscaped Professionally
  • Few Trees

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Traditional Architecture
  • French Architecture
  • Soft Contemporary Architecture
  • Williamsburg Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,320 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Storage Room
  • Attic Access Panel
  • Termite Clearance

Kitchen

  • Updated Kitchen
  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Guest Parking
  • Assigned Parking

Pool

  • Pool House
  • Pool Equipment or Cover

Outdoor Features

  • Courtyard

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 045018 A00005

Community Details

Overview

  • Property has a Home Owners Association
  • $239 Maintenance Fee
  • Association fees include water/sewer, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • Mid-Rise Condominium
  • Villas At Chickasaw Community
  • Villas At Chickasaw Condominiums Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Security

  • Storm Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,285

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional, Soft Contemporary, Contemporary, Colonial, Williamsburg, French
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • MLS Map #: 754E
  • MAAR Subdivision Name: VILLAS AT CHICKASAW
  • Condo: Yes
  • List Price Per Sq Ft: 125
  • Number Of Stories: 2
  • Price Per Sq Ft: 117.42
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1320
  • Termite Contract: Yes
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, 1/2 Bath
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Primary Up, Split Bedroom Plan, Renovated Bathroom, 2 Full Primary Baths, Half Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 2, Private Full Bath, Carpet
  • Bedrooms: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Refrigerator, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: Attic Access, Smoke Detector(s)
  • Other Rooms: Laundry Closet, Entry Hall, Storage Room
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Full Bath, Carpet

Exterior Features

  • Misc Exterior: Pool Cleaning Equipment, Pool House, Sidewalks
  • Exterior Windows: Brick Veneer, Storm Window(s)
  • Foundation: Slab
  • Pool Description: Neighborhood
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Assigned Parking, Designated Guest Parking

Utilities

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

Association/Amenities

  • Condo Amenities: Clubhouse, Courtyard
  • Condo Fees Include: Water/Sewer, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Villas at Chickasaw

Fee Information

  • Monthly Maintenance Fee: 239

Lot Info

  • Lot Description: Some Trees, Landscaped, Professionally Landscaped, Iron Fenced
  • Lot Number: UNIT 5
  • Acreage: 0.07
  • Lot Size: 97305 SF 2.23 AC
  • Price Per Acre: 2355714

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 045018 A00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2021
Closed on
Nov 23, 2021
Sold by
Arrc Proprties Llc
Bought by
Sosaman James W and Sosaman Dennis J
Seller's Agent
Amanda Kirkman
KAIZEN Realty, LLC
Buyer's Agent
Richard Travers
Crye-Leike, Inc., REALTORS
List Price
$169,000
Sold Price
$155,000
Premium/Discount to List
-$14,000
-8.28%
Current Estimated Value
$164,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,196
Avg. Annual Appreciation
1.55%
Original Mortgage
$124,000
Outstanding Balance
$114,661
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$49,535

Purchase Details

Closed on
Nov 16, 2017
Sold by
Villas At Chicksaw Lp
Bought by
Arrc Prioerties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2009
Sold by
2681 Central Terrace Llc
Bought by
Villas At Chickasaw Lp
Source: Public Records

Range of Values:

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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
Sosaman James W $155,000 Home Surety T&E Llc
Arrc Prioerties Llc $1,150,000 Mid South Title Services Llc
Villas At Chickasaw Lp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sosaman James W $124,000
Previous Owner Arrc Prioerties Llc $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $155,000 -6.0% $129 / Sq Ft
10/31/2021 10/31/21 Price Changed $164,900 -2.4% $137 / Sq Ft
09/22/2021 09/22/21 For Sale $169,000 -- $141 / 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 $1,285 $38,375 $3,725 $34,650
2024 $1,285 $37,900 $3,725 $34,175
2023 $2,309 $37,900 $3,725 $34,175
2022 $2,309 $37,900 $3,725 $34,175
2021 $2,092 $60,640 $5,960 $54,680
2020 $3,217 $44,400 $5,960 $38,440
2019 $1,419 $44,400 $5,960 $38,440
2018 $1,533 $47,960 $5,960 $42,000
2017 $981 $29,975 $3,725 $26,250
2016 $1,137 $26,025 $0 $0
2014 $1,137 $26,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amanda Kirkman

    Seller's Agent in 2021

    Amanda Kirkman

    KAIZEN Realty, LLC

    (901) 308-9436

    24 in this area

    192 Total Sales

    Section Image
  • Richard Travers

    Buyer's Agent in 2021

    Richard Travers

    Crye-Leike

    (901) 218-3961

    2 in this area

    201 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10109212

Memphis Area Association of REALTORS®

APN: 04-5018-A0-0005

Tennessee Shelby County Memphis 38111 Chickasaw Gardens

2670 Central Terrace Unit 5, Memphis, TN

This home is located at 2670 Central Terrace Unit 5, Memphis, TN 38111 since 22 September 2021 and is currently estimated at $164,196, approximately $117 per square foot. This property was built in 1972. 2670 Central Terrace Unit 5 is a home located in Shelby County with nearby schools including Sherwood Middle, Central High School, and Hanley Schoool - Middle.

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