NOT LISTED FOR SALE

505 Sutton Place Memphis, TN 38120

East Memphis Neighborhood

Estimated Value: $704,000 - $871,000

4 Beds
6 Baths
5,000-5,499 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 15, 2012

Last sale price $405,000 $74 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $4,451/month

54 Days on Market

Highlights

  • In Ground Pool
  • Sitting Area In Primary Bedroom
  • Landscaped Professionally
  • White Station Middle Rated A-
  • Updated Kitchen
  • Fireplace in Primary Bedroom

About This Home

As of June 2012

Stunning Contemporary! Ready for entertaining. 2nd Bdroom down. Salt water pool w/ cabana. Private Master suite overlooks pool, with office,sitting area, FP and extra spacious closets, Skylights, exposed beams, blt-ins, wet bar all appoint Fab. Great Rm.

Last Agent to Sell the Property

Ronald Faulkner

Crown Realty Company License #51203 Listed on: 03/22/2012

Last Buyer's Agent

Ronald Faulkner

Crown Realty Company License #51203 Listed on: 03/22/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 0.4 Acre Lot
  • Wood Fence
  • Landscaped Professionally
  • Level Lot
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Soft Contemporary Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 5,000-5,499 Sq Ft Home
  • 5,408 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Popcorn or blown ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Casement Windows
  • Two Story Entrance Foyer
  • Great Room
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • 2 Fireplaces
  • Library
  • Loft
  • Play Room
  • Storage Room
  • Laundry Room
  • Attic Access Panel

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Home Security

  • Monitored
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Carport

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Covered Patio or Porch
  • Gazebo

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • King Arms Rev P U D Phase 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 056055 A00032

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Soft Contemporary
  • Detached Unit Type: General Residential
  • Cross Street: ASHLEY SQUARE
  • MAAR Subdivision Name: KING ARMS PH1
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 5408
  • Termite Contract: Yes
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room, Breakfast Room
  • Second Story Floor Plan: 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Play Room/Rec Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 5000-5499
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Private Full Bath, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Private Full Bath, Smooth Ceiling, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Fireplace: Ventless Gas Fireplace, Vented Gas Fireplace, In Den/Great Room, In Primary Bedroom
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, Sprayed Ceiling, Vaulted/Coff/Tray Ceiling, Two Story Foyer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Equipment: Double Oven, Cooktop, Disposal, Dishwasher, Cable Wired
  • Living Dining Kitchen: Separate Dining Room, Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen
  • Misc Interior: All Window Treatments, Wet Bar, Walk-In Closet(s), Attic Access, Walk-In Attic, Rear Stairs to Playroom, Sky Light(s), Cat/Dog Free House, Security System, Monitored Alarm
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, Library/Study, Play Room, Entry Hall, Loft/Balcony
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Dressing Area, 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, Fireplace, Sitting Area, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Patio, Covered Patio, Gazebo
  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s), Double Pane Window(s), Casement Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Storage Room(s)

Utilities

  • Cooling: Central, Ceiling Fan(s), 3 or More Systems
  • Heating: Central, Gas, 3 or More Systems
  • Water Sewer: Electric Water Heater, 2+ Water Heaters, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Professionally Landscaped, Wood Fenced
  • Lot Number: 22
  • Acreage: 0.4
  • Lot Size: 108.51/108 X 160.55/170.58

Tax Info

  • Assessor Parcel Number: 056055 A00032

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2012
Closed on
Jun 15, 2012
Sold by
Goldstein Michael E and Goldstein Sharon P
Bought by
Lane Kurt T and Lane Molly W
Seller's Agent
Ronald Faulkner
Crown Realty Company
Buyer's Agent
Ronald Faulkner
Crown Realty Company
List Price
$524,900
Sold Price
$405,000
Premium/Discount to List
-$119,900
-22.84%
Current Estimated Value
$770,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,378
Avg. Annual Appreciation
4.83%
Original Mortgage
$220,000
Outstanding Balance
$152,682
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$617,696
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Lane Kurt T $405,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Kurt T $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2012 06/15/12 Sold $405,000 -22.8% $81 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $524,900 -- $105 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $5,309 $179,675 $33,250 $146,425
2024 $5,309 $156,600 $33,250 $123,350
2023 $9,540 $156,600 $33,250 $123,350
2022 $9,540 $156,600 $33,250 $123,350
2021 $9,651 $156,600 $33,250 $123,350
2020 $8,909 $122,950 $33,250 $89,700
2019 $8,909 $122,950 $33,250 $89,700
2018 $8,909 $122,950 $33,250 $89,700
2017 $5,053 $122,950 $33,250 $89,700
2016 $5,023 $114,950 $0 $0
2014 $5,023 $114,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ronald Faulkner

    Seller's Agent in 2012

    Ronald Faulkner

    Crown Realty Company

    (901) 870-0900

    31 Total Sales

    Ronald Faulkner
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3243341

Memphis Area Association of REALTORS®

APN: 05-6055-A0-0032

Tennessee Shelby County Memphis 38120 East Memphis

505 Sutton Place, Memphis, TN

Not Listed for Sale

Detached

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