NOT LISTED FOR SALE

481 River Ridge Cove Memphis, TN 38120

River Oaks Neighborhood

Estimated Value: $879,000 - $1,125,000

5 Beds
5 Baths
5,500-5,999 Sq Ft
$167/Sq Ft Est. Value

Last Sold December 12, 2018

Last sale price $625,000 $104 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,217/month

60 Days on Market

Highlights

  • 24-Hour Security
  • Sitting Area In Primary Bedroom
  • Fireplace in Hearth Room
  • White Station High Rated A
  • Updated Kitchen
  • Vaulted Ceiling

About This Home

As of December 2018

Significant reduction, Seller says move it!! Outstanding home in the Gardens of River Oaks!! This was the last home built in River Oaks, it was custom built by the current owner. Great open floorplan, 3 bedrooms down with all updated features: Granite tops, Stainless appliances, updated baths. Beautiful detail and trim, hardwood floors, Cherry Cabinets, built in book cases in office, wonderful large covered patio and so much more. Gated subdivision for security and privacy.

Last Agent to Sell the Property

Robert Gorman

Crye-Leike, Inc., REALTORS License #260735 Listed on: 08/10/2018

Crye-Leike, Inc., REALTORS

Co-Listed By

Richard Leike

Crye-Leike, Inc., REALTORS License #52176

Last Buyer's Agent

Sheldon Rosengarten

Marx-Bensdorf, REALTORS License #53193

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,721

Year Built

  • Built in 2007

Lot Details

  • 0.61 Acre Lot
  • Landscaped
  • Few Trees

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 5,500-5,999 Sq Ft Home
  • 5,344 Sq Ft Home
  • 1.7-Story Property
  • Central Vacuum
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace in Hearth Room
  • Fireplace Features Masonry
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Two Story Entrance Foyer
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Library
  • Bonus Room
  • Play Room
  • Storage Room
  • Keeping Room
  • Permanent Attic Stairs

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Monitored
  • Security Gate

Parking

  • 5 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Accessible Home Design

  • Wheelchair Access
  • Doors are 32 inches wide or more
  • Accessible Ramps

Outdoor Features

  • Cove
  • Covered patio or porch

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 080023 L00012

Community Details

Overview

  • Gardens Of River Oaks P D Phase 1 Fn Pl Subdivision
  • Mandatory home owners association

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,721

Year Built

Built in 2007

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 782C
  • MAAR Subdivision Name: RIVER OAKS
  • Handicap Design: Wide Doors, Ramp, Wheelchair Mobility
  • List Price Per Sq Ft: 122
  • Number Of Stories: 1.7
  • Price Per Sq Ft: 116.95
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 5344
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Keeping/Hearth Room, Breakfast Room, Office
  • Second Story Floor Plan: 4th or More Bedrooms, 2 or More Baths, Play Room/Rec Room, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 5500 - 5999
  • Bedroom 2 Description: Level 1, Walk-In Closet, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Level 2, Walk-In Closet, Shared Bath, Smooth Ceiling
  • Bedroom 5 Description: Level 2, Private Full Bath, Shared Bath, Smooth Ceiling
  • Bedrooms: 5
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Keeping/Hearth room
  • Floors/Ceilings: Part Hardwood, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling, Two Story Foyer
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Equipment: Range/Oven, Double Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Breakfast Bar, Separate Breakfast Room, Pantry, Island In Kitchen, Washer/Dryer Connections, Keeping/Hearth Room
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Permanent Attic Stairs, Walk-In Attic, Central Vacuum, Security System, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Library/Study, Play Room, Bonus Room, Entry Hall, Storage Room
  • Total Bathrooms: 3.2
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Sitting Area, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Covered Patio, Guarded Gate
  • Exterior Windows: Brick Veneer, Wood Window(s), Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 5
  • Parking Display: 5A
  • Parking Storage: Driveway/Pad, Circular Drive, Storage Room(s), Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), 3 or More Systems
  • Heating: Central, Gas, 3 or More Systems
  • Security: Burglar Alarm, Monitored Alarm System, Security Gate, Full Time Guard Service
  • Water Sewer: Gas Water Heater, 2+ Water Heaters, Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 3000
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Cove, Landscaped
  • Lot Number: 12
  • Acreage: 0.61
  • Keeping Hearth Dimension: 15x22
  • Lot Size: 32.57/232.71X236.39/216.64
  • Price Per Acre: 1064754

Multi Family

  • Number Of Rooms: 12

Tax Info

  • Assessor Parcel Number: 080023 L00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2024
Sold by
Goggans John T and Goggans Margaret H
Bought by
Molly & John Goggans Living Trust and Goggans
Current Estimated Value
$993,968

Purchase Details

Listed on
Aug 10, 2018
Closed on
Dec 12, 2018
Sold by
Taylor Jerry Frencis
Bought by
Goggans John T and Goggans Margaret H
Seller's Agent
Robert Gorman
Crye-Leike, Inc., REALTORS
Buyer's Agent
Sheldon Rosengarten
Marx-Bensdorf, REALTORS
List Price
$795,000
Sold Price
$625,000
Premium/Discount to List
-$170,000
-21.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$500,000
Interest Rate
4.9%
Mortgage Type
New Conventional
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
Molly & John Goggans Living Trust -- None Listed On Document
Goggans John T $625,000 Realty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goggans John T $500,000
Previous Owner Goggans John T $500,000
Previous Owner Taylor Jerry $561,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2018 12/12/18 Sold $625,000 -3.8% $114 / Sq Ft
09/24/2018 09/24/18 Price Changed $649,500 -6.5% $118 / Sq Ft
08/20/2018 08/20/18 Price Changed $695,000 -12.6% $126 / Sq Ft
08/10/2018 08/10/18 For Sale $795,000 -- $145 / 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 $5,721 $232,725 $64,925 $167,800
2024 $5,721 $168,750 $64,925 $103,825
2023 $10,280 $168,750 $64,925 $103,825
2022 $10,280 $168,750 $64,925 $103,825
2021 $5,822 $180,975 $64,925 $116,050
2020 $11,412 $157,500 $64,925 $92,575
2019 $5,341 $167,125 $64,925 $102,200
2018 $5,341 $167,125 $64,925 $102,200
2017 $5,467 $167,125 $64,925 $102,200
2016 $6,715 $153,650 $0 $0
2014 $6,715 $153,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Gorman

    Seller's Agent in 2018

    Robert Gorman

    Crye-Leike, Inc., REALTORS

    (901) 233-8515

    1 in this area

    65 Total Sales

    Section Image
  • Richard Leike

    Seller Co-Listing Agent in 2018

    Richard Leike

    Crye-Leike, Inc., REALTORS

    (901) 486-2070

    1 in this area

    16 Total Sales

    Section Image
  • Sheldon Rosengarten

    Buyer's Agent in 2018

    Sheldon Rosengarten

    Marx-Bensdorf, REALTORS

    (901) 755-5222

    15 in this area

    204 Total Sales

    Section Image
  • Hugh Mallory

    Buyer Co-Listing Agent in 2018

    Hugh Mallory

    Marx-Bensdorf, REALTORS

    (901) 497-9756

    3 in this area

    82 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10034013

Memphis Area Association of REALTORS®

APN: 08-0023-L0-0012

Tennessee Shelby County Memphis 38120 River Oaks

481 River Ridge Cove, Memphis, TN

This home is located at 481 River Ridge Cove, Memphis, TN 38120 since 10 August 2018 and is currently estimated at $1,000,324, approximately $166 per square foot. This property was built in 2007. 481 River Ridge Cove is a home located in Shelby County with nearby schools including Balmoral Ridgeway Elementary School, White Station High, and Ridgeway Middle School.

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