NOT LISTED FOR SALE

316 Lancaster Square Unit 1 Memphis, TN 38117

Audubon Park Neighborhood

Estimated Value: $358,000 - $609,000

2 Beds
2.5 Baths
2,600-2,799 Sq Ft
3,049 Sq Ft Lot

Last Sold April 23, 2015

Last sale price $310,000 $111 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,047/month

Highlights

  • Updated Kitchen
  • Landscaped Professionally
  • Soft Contemporary Architecture
  • White Station High Rated A
  • Wood Flooring
  • Whirlpool Bathtub

About This Home

As of April 2015

Beautifully designed and meticulously maintained first floor flat with elevator from basement garage. Great security. Old kitchen removed and replaced with custom cabinetry, tops and appliances. Great storage. The only unit with an open balcony accessed from the breakfast room, den and master bedroom. Plantation shutters at all windows. Great light. Move-in ready. Easy living.

Last Agent to Sell the Property

Larry Alexander

REMAX Experts License #208488 Listed on: 01/08/2015

REMAX Experts

Last Buyer's Agent

Jennifer & Joel Hobson

Hobson, REALTORS License #24371

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,010

Year Built

  • Built in 1986

Lot Details

  • End Unit
  • Landscaped Professionally
  • Few Trees

Home Design

  • Soft Contemporary Architecture
  • Composition Shingle Roof
  • Synthetic Stucco Exterior
  • Pier And Beam

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,655 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Gas Log Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Den
  • Storage Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Home Security

  • Burglar Security System
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Guest Parking

Location

  • Ground Level

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 057009 B00001

Community Details

Overview

  • Property has a Home Owners Association
  • $400 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 4 Units
  • Lancaster Square Community
  • Lancaster Square Condominium 1St Amend Subdivision
  • Property managed by Crossroads Mangmt

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,010

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: End Unit, First Floor Flat
  • Cross Street: Goodlett
  • MLS Map #: 755H
  • MAAR Subdivision Name: VILLAGE (THE)
  • Condo: Yes
  • List Price Per Sq Ft: 128
  • Number Of Stories: 1
  • Price Per Sq Ft: 116.76
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2655
  • Termite Contract: Yes
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedroom 2 Description: Level 1, Walk-In Closet, Smooth Ceiling
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: Vented Gas Fireplace, In Living Room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Smooth Ceiling
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Cooktop, Gas Cooking, Disposal, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Separate Breakfast Room
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Security System, Elevator
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Unfinished Basement, Entry Hall, Storage Room
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling

Exterior Features

  • Misc Exterior: Well Landscaped Grounds
  • Exterior Windows: Synthetic Stucco, Wood Window(s), Double Pane Window(s)
  • Foundation: Conventional, Partial Basement, Walk-Out Basement
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Storage Room(s), Garage Door Opener(s), Side-Load Garage, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Burglar Alarm, Smoke Detector(s), Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Condo Fees Include: Some Utilities, Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Lancaster Square
  • Management Company: Crossroads Mangmt

Fee Information

  • Monthly Maintenance Fee: 400

Lot Info

  • Lot Description: Some Trees, Professionally Landscaped
  • Lot Number: 5
  • Acreage: 0.07
  • Lot Size: .07 Acres
  • Price Per Acre: 4842857

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 057009 B00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2015
Closed on
Apr 23, 2015
Sold by
Cohn Leslie S
Bought by
The Robert R Ross Revocable Trust
Seller's Agent
Larry Alexander
REMAX Experts
Buyer's Agent
Jennifer & Joel Hobson
Hobson, REALTORS
List Price
$339,000
Sold Price
$310,000
Premium/Discount to List
-$29,000
-8.55%
Current Estimated Value
$529,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,019
Avg. Annual Appreciation
5.23%

Purchase Details

Closed on
Jul 17, 2012
Sold by
Cohn Leslie S
Bought by
Cohn Leslie S

Purchase Details

Closed on
Aug 8, 2005
Sold by
Shankman Ralph S
Bought by
Shankman Ralph and Cohn Leslie S

Purchase Details

Closed on
May 28, 1996
Sold by
Cole Paula C
Bought by
Shankman Ralph S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
7.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
The Robert R Ross Revocable Trust $310,000 None Available
Cohn Leslie S -- None Available
Shankman Ralph -- --
Shankman Ralph S $220,000 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shankman Ralph S $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2015 04/23/15 Sold $310,000 -8.6% $119 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
01/08/2015 01/08/15 For Sale $339,000 -- $130 / 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 $3,010 $119,875 $7,575 $112,300
2024 $3,010 $88,800 $7,575 $81,225
2023 $5,409 $88,800 $7,575 $81,225
2022 $5,409 $88,800 $7,575 $81,225
2021 $5,473 $88,800 $7,575 $81,225
2020 $5,616 $77,500 $7,575 $69,925
2019 $5,616 $77,500 $7,575 $69,925
2018 $5,616 $77,500 $7,575 $69,925
2017 $3,217 $78,275 $7,575 $70,700
2016 $2,759 $63,125 $0 $0
2014 $2,759 $63,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Alexander

    Seller's Agent in 2015

    Larry Alexander

    RE/MAX

    (901) 454-0858

    3 in this area

    32 Total Sales

    Larry Alexander
    Section Image
  • Jennifer & Joel Hobson

    Buyer's Agent in 2015

    Jennifer & Joel Hobson

    Hobson, REALTORS

    (901) 482-2929

    85 in this area

    184 Total Sales

    Jennifer & Joel Hobson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9943018

Memphis Area Association of REALTORS®

APN: 05-7009-B0-0001

Tennessee Shelby County Memphis 38117 Audubon Park

316 Lancaster Square Unit 1, Memphis, TN

This home is located at 316 Lancaster Square Unit 1, Memphis, TN 38117 since 08 January 2015 and is currently estimated at $529,019, approximately $189 per square foot. This property was built in 1986. 316 Lancaster Square Unit 1 is a home located in Shelby County with nearby schools including White Station Elementary School, White Station High, and White Station Middle.

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