505 Magnolia Ln Piperton, TN 38017
4
Beds
4.5
Baths
4,500-4,999
Sq Ft
0.52
Acres
Highlights
- Home Theater
- Landscaped Professionally
- Traditional Architecture
- Updated Kitchen
- Community Lake
- Wood Flooring
About This Home
As of June 2024Luxurious custom built one year old home with upgrades galore in the beautiful upscale Twin Lakes community. Large Chefs kitchen with huge island. Primary has a large spa inspired bathroom. Upstairs has two bedrooms, two baths, secluded media room and huge game room with a built in "Full Swing Golf Simulator" that stays or can be removed by seller. 3 car garage, nice covered patio with fireplace and gas line ready for your grill. Low Fayette county taxes but convenient to 385 and Collierville.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,765
Year Built
- Built in 2022
Lot Details
- 0.52 Acre Lot
- Landscaped Professionally
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 4,500-4,999 Sq Ft Home
- 4,696 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- Ceiling height of 9 feet or more
- Factory Built Fireplace
- Gas Log Fireplace
- Window Treatments
- Great Room
- Breakfast Room
- Dining Room
- Home Theater
- Home Office
- Play Room
- Laundry Room
- Attic
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Double Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Partially Carpeted
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- En-Suite Bathroom
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower
Parking
- 3 Car Attached Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
Outdoor Features
- Covered patio or porch
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Heating System Uses Gas
- Gas Water Heater
Community Details
- Twin Lakes Of Piperton Subdivision
- Mandatory Home Owners Association
- Community Lake
Listing and Financial Details
- Assessor Parcel Number 164D B02900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2024
Closed on
Jun 18, 2024
Sold by
Brandon Earl
Bought by
Wathen David and Wathen Anita Lorraine
Seller's Agent
Dewey Dillard
Groome & Co.
Buyer's Agent
Lewis Marshall
BHHS McLemore & Co., Realty
List Price
$899,000
Sold Price
$865,000
Premium/Discount to List
-$34,000
-3.78%
Total Days on Market
98
Views
148
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,644
Avg. Annual Appreciation
4.44%
Original Mortgage
$310,000
Outstanding Balance
$307,700
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$594,944
Purchase Details
Listed on
Jan 28, 2023
Closed on
Apr 6, 2023
Sold by
Becky E Earl Living Trust
Bought by
Brandon Earl
Seller's Agent
Melissa Blume Thompson
eXp Realty
Buyer's Agent
Dewey Dillard
Groome & Co.
List Price
$850,000
Sold Price
$850,000
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.32%
Purchase Details
Listed on
Jan 28, 2023
Closed on
Feb 17, 2023
Sold by
Burton Ronnie L
Bought by
Becky E Earl Living Trust
Seller's Agent
Melissa Blume Thompson
eXp Realty
Buyer's Agent
Dewey Dillard
Groome & Co.
List Price
$850,000
Sold Price
$850,000
Views
4
Purchase Details
Closed on
Apr 3, 2020
Sold by
Twin Lakes Joint Venture
Bought by
Burton Ronnie L and Ronnie Burton Construction
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,911
Interest Rate
3.2%
Mortgage Type
Commercial
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $865,000 | Erickson Title & Closing | |
| Quit Claim Deed | -- | Erickson Title & Closing | |
| Warranty Deed | $850,000 | -- | |
| Special Warranty Deed | $185,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $310,000 | New Conventional | |
| Previous Owner | $146,484 | New Conventional | |
| Previous Owner | $188,911 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2024 06/18/24 | Sold | $865,000 | -0.5% | $192 / Sq Ft |
| 05/10/2024 05/10/24 | Price Changed | $869,000 | -2.2% | $193 / Sq Ft |
| 05/08/2024 05/08/24 | Price Changed | $889,000 | +2.3% | $198 / Sq Ft |
| 05/08/2024 05/08/24 | Price Changed | $869,000 | -2.2% | $193 / Sq Ft |
| 04/03/2024 04/03/24 | Price Changed | $889,000 | -1.1% | $198 / Sq Ft |
| 03/01/2024 03/01/24 | For Sale | $899,000 | 0.0% | $200 / Sq Ft |
| 02/28/2024 02/28/24 | Price Changed | $899,000 | +5.8% | $200 / Sq Ft |
| 02/17/2023 02/17/23 | Sold | $850,000 | 0.0% | $189 / Sq Ft |
| 01/30/2023 01/30/23 | For Sale | $850,000 | 0.0% | $189 / Sq Ft |
| 01/29/2023 01/29/23 | Pending | -- | -- | -- |
| 01/28/2023 01/28/23 | For Sale | $850,000 | -- | $189 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,765 | $171,850 | $23,750 | $148,100 |
| 2023 | $2,219 | $171,850 | $0 | $0 |
| 2022 | $2,765 | $171,850 | $23,750 | $148,100 |
| 2021 | $382 | $23,750 | $23,750 | $0 |
| 2020 | $447 | $23,750 | $23,750 | $0 |
| 2019 | $0 | $23,750 | $23,750 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Dewey Dillard
Seller's Agent in 2024
Dewey Dillard
Groome & Co.
(901) 218-1958
2 in this area
44 Total Sales
-
Lewis Marshall
Buyer's Agent in 2024
Lewis Marshall
BHHS McLemore & Co., Realty
(901) 605-7371
2 in this area
69 Total Sales
-
Melissa Blume Thompson
Seller's Agent in 2023
Melissa Blume Thompson
eXp Realty
(901) 729-9443
1 in this area
316 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10166663
APN: 024164D B 02900
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.
Nearby Homes
- 25 Jay Cove
- 245 N Lake Rd
- 680 Magnolia Ln
- 370 Wright Rd
- 75 Windgrove Cove
- 45 Magnolia Cove
- 35 Windy Oaks Dr
- 325 Windover Rd
- 25 Windy Oaks Cove
- 20 Windy Oaks Cove
- 400 Windbrook Dr
- 4460 Tennessee 196
- 4200 Tennessee 196
- 145 Southwind Cove
- 12618 Riverby Ln
- 210 Poplar Acres Rd
- 0 Tennessee 196
- 1135 Poplar Acres Rd
- 0 Fletcher Rd
- 0 W Old State Line Rd