NOT LISTED FOR SALE

Fairway Towers 475 N Highland St Unit 3K Memphis, TN 38122

Chickasaw Gardens Neighborhood

Estimated Value: $175,000 - $232,000

2 Beds
2 Baths
1,324 Sq Ft
2.91 Acres

Last Sold August 20, 2014

Last sale price $59,500 $45 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $1,096/month

26 Days on Market

Highlights

  • Above Ground Pool
  • 2.91 Acre Lot
  • Soft Contemporary Architecture
  • White Station High Rated A
  • Clubhouse
  • Great Room

About This Home

As of August 2014

What a great value for the price. A very spacious (1300-1400 sqft) 2 br, 2ba unit with 3 balconies. All rooms are large and both bedrooms have walk in closets. It's priced accordingly for you to paint and add whatever flooring you prefer. Pool & club room! You will love the building with it's amenities, location, and security as well. Where else in the nation can you live like this for this price. Newer HVAC, Hot Water heater, oven, and dishwasher. You will love the potential once you see it!

Last Agent to Sell the Property

Tim Tanner

Crye-Leike, Inc., REALTORS License #272221 Listed on: 06/13/2014

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Rita Hallum

Crye-Leike, Inc., REALTORS License #270644

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $965

Year Built

  • Built in 1970

Lot Details

  • 2.91

Home Design

  • Soft Contemporary Architecture

Interior Spaces

  • 1,324 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Entrance Foyer
  • Great Room
  • Termite Clearance

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • Assigned Parking

Outdoor Features

  • Above Ground Pool
  • Courtyard
  • Patio

Additional Features

  • Landscaped
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 044041 A00027

Community Details

Overview

  • Property has a Home Owners Association
  • $335 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, pest control contract
  • Mid-Rise Condominium
  • Fairway Towers Community
  • Fairway Towers Apts Amend To Subdivision

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Recreation Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$965

Year Built

Built in 1970

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 #: 754C
  • MAAR Subdivision Name: FAIRWAY TOWERS APARTMENTS
  • Condo: Yes
  • List Price Per Sq Ft: 45
  • Number Of Stories: 1
  • Price Per Sq Ft: 44.94
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1324
  • Termite Contract: Yes
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedroom 2 Description: Walk-In Closet, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Tile, Vinyl Floor
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator
  • Living Dining Kitchen: Great Room
  • Other Rooms: Entry Hall
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Carpet

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer, Aluminum Window(s)
  • Pool Description: Above Ground

Garage/Parking

  • Attached Detached Parking: Detached
  • Parking Display: 0D
  • Parking Storage: Assigned Parking

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condo Amenities: Clubhouse, Clubhouse w/ Kitchen, Clubhouse w/Baths, Community Laundry, Courtyard
  • Condo Fees Include: Some Utilities, Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Fairway Towers
  • Neighborhood Amenities: Club House, Pool, Recreation Facilities

Fee Information

  • Monthly Maintenance Fee: 335

Lot Info

  • Lot Description: Landscaped
  • Lot Number: UNIT 3K
  • Acreage: 2.91
  • Price Per Acre: 20447

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 044041 A00027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2014
Closed on
Aug 20, 2014
Sold by
Hill David Wayne and Hill Heather M
Bought by
Vries Patrick E De
Seller's Agent
Tim Tanner
Crye-Leike, Inc., REALTORS
Buyer's Agent
Rita Hallum
Crye-Leike, Inc., REALTORS
List Price
$59,500
Sold Price
$59,500
Total Days on Market
26
Current Estimated Value
$191,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,012
Avg. Annual Appreciation
11.44%
Original Mortgage
$47,600
Outstanding Balance
$36,834
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$154,678

Purchase Details

Closed on
Aug 1, 2002
Sold by
Patterson Elizabeth F Donner
Bought by
Scheipers Emily M and Scheipers Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.53%

Purchase Details

Closed on
Jan 14, 1997
Sold by
Chailland Joe Dale
Bought by
Patterson John Herbert
Source: Public Records

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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
Vries Patrick E De $59,500 Realty Title & Escrow Co Inc
Scheipers Emily M $75,000 Realty Title
Patterson John Herbert $69,500 Mid South Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devries Patrick E $15,000
Open Vries Patrick E De $47,600
Previous Owner Scheipers Emily M $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2014 08/20/14 Sold $59,500 0.0% $45 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $59,500 -- $45 / 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 $965 $39,975 $2,200 $37,775
2024 $965 $28,475 $2,200 $26,275
2023 $1,735 $28,475 $2,200 $26,275
2022 $1,735 $28,475 $2,200 $26,275
2021 $1,755 $28,475 $2,200 $26,275
2020 $1,744 $24,075 $2,200 $21,875
2019 $1,744 $24,075 $2,200 $21,875
2018 $1,744 $24,075 $2,200 $21,875
2017 $989 $24,075 $2,200 $21,875
2016 $825 $18,875 $0 $0
2014 $825 $18,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Tanner

    Seller's Agent in 2014

    Tim Tanner

    Crye-Leike

    (901) 340-7556

    5 in this area

    101 Total Sales

    Tim Tanner
    Section Image
  • Rita Hallum

    Buyer's Agent in 2014

    Rita Hallum

    Crye-Leike

    (901) 277-6356

    1 in this area

    110 Total Sales

    Rita Hallum
    Section Image
See All Agents

About Fairway Towers

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9928981

Memphis Area Association of REALTORS®

APN: 04-4041-A0-0027

Tennessee Shelby County Memphis 38122 Chickasaw Gardens

475 N Highland St Unit 3K, Memphis, TN

This home is located at 475 N Highland St Unit 3K, Memphis, TN 38122 since 13 June 2014 and is currently estimated at $191,512, approximately $144 per square foot. This property was built in 1970. 475 N Highland St Unit 3K is a home located in Shelby County with nearby schools including Grahamwood Elementary School, White Station High, and White Station Middle.

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