NOT LISTED FOR SALE

406 W Cherry Ln Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $1,400,000 - $1,673,000

4 Beds
4.5 Baths
6,668 Sq Ft
$231/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $1,152,000 $173 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,136/month

Highlights

  • Gated Community
  • Living Room with Fireplace
  • Traditional Architecture
  • White Station High Rated A
  • Marble Flooring
  • High Ceiling

About This Home

As of May 2019

Showings start Thursday October 18. Architectural masterpiece ,finely built, beautifully decorated and lavishly landscaped. 18' ceilings down. Floors of reclaimed pine, marble and cork. Spectacular millwork and filled with natural light. Ideal for entertaining as well as comfortable living. Gorgeous yard with charming terraces, fountains, and manicured landscaping. Every imaginable amenity- a Rare Jewel.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,244

Year Built

  • Built in 2003

Lot Details

  • 20,909 Sq Ft Lot
  • Irrigation

Home Design

  • Traditional Architecture
  • Tile Roof

Interior Spaces

  • 6,668 Sq Ft Home
  • Property has 3 Levels
  • Wet Bar
  • Built-In Features
  • High Ceiling
  • Entrance Foyer
  • Living Room with Fireplace
  • 5 Fireplaces
  • Den with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Garage
  • Parking Pad
  • Garage Door Opener
  • Parking Lot

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 057024 00045C

Community Details

Overview

  • Property has a Home Owners Association
  • West Cherry Place II Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,244

Year Built

Built in 2003

Lot Details

0.48 Acres

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2003
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Walk-In Closet(s), Wet Bar, Entrance Foyer, High Ceilings, Pantry, Built-in Features
  • Appliances: Ice Maker, Dishwasher, Disposal, Microwave, Refrigerator, Gas Range, Gas Oven
  • Fireplace Features: Living Room, Den
  • Fireplace: Yes
  • Fireplaces: 5
  • Flooring: Wood, Marble
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Has Basement: Other
  • Building Area Units: Square Feet
  • Living Area: 6668
  • Living Area Units: Square Feet
  • Other Equipment: Irrigation System

Exterior Features

  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Tile
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage Door Opener, Parking Pad, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Security: Security System, Smoke Detector(s)
  • Utilities: Natural Gas Available, Water Available

Condo/Co-op/Association

  • Amenities: Gated
  • Association: Yes
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size: 120.78 X 219.54 IRR
  • Lot Size Units: Acres
  • Parcel #: 057024 00045C
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 26244

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2019
Closed on
May 15, 2019
Sold by
Orgill Irene L
Bought by
Lee Thomas C and Lee Lucy C
List Price
$1,895,000
Sold Price
$1,152,000
Premium/Discount to List
-$743,000
-39.21%
Current Estimated Value
$1,539,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,749
Avg. Annual Appreciation
4.31%
Original Mortgage
$1,152,000
Interest Rate
4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 20, 2017
Sold by
Diversfied Trust Company Inc
Bought by
Orgill Irene L

Purchase Details

Closed on
Mar 31, 2017
Sold by
Orgill Joseph
Bought by
Orgill Joseph and The Joseph Orgill Iii Revocable Living T

Purchase Details

Closed on
Feb 3, 2000
Sold by
Graber Stanley
Bought by
Orgill Joseph
Source: Public Records
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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
Lee Thomas C $1,152,000 None Available
Orgill Irene L -- None Available
Orgill Joseph -- None Available
Orgill Joseph $372,750 --
Orgill Joseph $372,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lee Thomas C $1,152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2019 05/15/19 Sold $1,152,000 -39.2% $173 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $1,895,000 -- $284 / Sq Ft
Source: Realtracs

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 $10,901 $432,500 $50,975 $381,525
2024 $10,901 $321,550 $50,975 $270,575
2023 $21,306 $372,250 $50,975 $321,275
2022 $22,676 $372,250 $50,975 $321,275
2021 $11,093 $409,750 $76,450 $333,300
2020 $20,868 $288,000 $76,450 $211,550
2019 $11,981 $374,875 $76,450 $298,425
2018 $11,981 $374,875 $76,450 $298,425
2017 $13,233 $404,500 $76,450 $328,050
2016 $14,760 $337,750 $0 $0
2014 $14,760 $365,550 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3162304

Realtracs

APN: 05-7024-0-0045C

Tennessee Shelby County Memphis 38117 East Memphis

406 W Cherry Ln, Memphis, TN

Not Listed for Sale

Detached

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Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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