505 Magnolia Ln Piperton, TN 38017
4
Beds
4.5
Baths
4,500-4,999
Sq Ft
0.5
Acres
Highlights
- Home Theater
- Landscaped Professionally
- Vaulted Ceiling
- Updated Kitchen
- Community Lake
- Traditional Architecture
About This Home
As of June 2024Welcome to the upscale, walkable, rural porch community of the Twin Lakes of Piperton. This luxurious, new construction home features upgrades galore, solid wood beams in the Great Rm, large eat-in Chef's kitchen, downstairs primary bedroom w/spa-inspired bathroom, second bedroom downstairs, 2 bedrooms up with 2 full baths and a secluded media room/home office space. Fantastic outdoor space w/fireplace, stunning views, large backyard & more than 40 acres of common open space! Fayette City Taxes.
Last Agent to Sell the Property
eXp Realty License #231600 Listed on: 01/28/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,765
Year Built
- Built in 2022
Lot Details
- 0.5 Acre Lot
- Landscaped Professionally
- Level Lot
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
- Vaulted Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Window Treatments
- Entrance Foyer
- Great Room
- Breakfast Room
- Dining Room
- Home Theater
- Den with Fireplace
- Play Room
- Attic Access Panel
- Fire Sprinkler System
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
- Split Bedroom Floorplan
- En-Suite Bathroom
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Dual Vanity Sinks in Primary Bathroom
- Bathtub With Separate Shower Stall
Laundry
- Laundry Room
- Washer and Dryer Hookup
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
- Vented Exhaust Fan
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
- Cable TV Available
Community Details
- Twin Lakes Of Piperton Ph3 Subdivision
- Mandatory Home Owners Association
- Community Lake
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%
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
$24,847
Avg. Annual Appreciation
2.54%
Original Mortgage
$310,000
Outstanding Balance
$307,700
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$582,147
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
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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
-
Seller's Agent in 2024
Dewey Dillard
Groome & Co.
(901) 218-1958
2 in this area
47 Total Sales
-
Buyer's Agent in 2024
Lewis Marshall
BHHS McLemore & Co., Realty
(901) 605-7371
2 in this area
67 Total Sales
-
Seller's Agent in 2023
Melissa Blume Thompson
eXp Realty
(901) 729-9443
1 in this area
305 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10141149
APN: 024164D B 02900
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