NOT LISTED FOR SALE

505 Sutton Place Memphis, TN 38120

East Memphis Neighborhood

Estimated Value: $672,000 - $937,000

4 Beds
6 Baths
5,000-5,499 Sq Ft
$143/Sq Ft Est. Value

Sale Details

Date Sold: June 15, 2012

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

Est. 94% increase in value since last sale

Current estimated payment $4,728 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 17,424 Sq Ft 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

0.4 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$787,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,544
Avg. Annual Appreciation
4.79%
Original Mortgage
$220,000
Outstanding Balance
$147,745
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$639,799
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in East Memphis, TN

  • Amanda Lee Real Estate Agent - McWaters & Associates

    Amanda Lee

    McWaters & Associates

    (901) 763-8191

    119 Total Sales

    10 in East Memphis

    $242K - $675K Price Range

    Amanda Lee
     Section Image
  • Toni Green Real Estate Agent - Crye-Leike, Inc., REALTORS

    Toni Green

    Crye-Leike, Inc., REALTORS

    (901) 437-4651

    34 Total Sales

    2 in East Memphis

    $430K - $495K Price Range

    Toni Green
     Section Image
  • Jim Williams Real Estate Agent - Tiger Realty

    Jim Williams

    Tiger Realty

    (901) 763-6539

    32 Total Sales

    1 in East Memphis

    $539,000 Price

    Jim Williams
     Section Image
  • Carole Ann Burns Real Estate Agent - Crye-Leike, Inc., REALTORS

    Carole Ann Burns

    Crye-Leike, Inc., REALTORS

    (901) 979-0941

    48 Total Sales

    1 in East Memphis

    $200,000 Price

    Carole Ann Burns
     Section Image
  • Jo Mathes Real Estate Agent - Pinnacle Realty

    Jo Mathes

    Pinnacle Realty

    (901) 371-4079

    66 Total Sales

    1 in East Memphis

    $31,500 Price

    Jo Mathes
     Section Image
  • Jason Miller Real Estate Agent - eXp Realty, LLC

    Jason Miller

    Responds Quickly

    eXp Realty, LLC

    (901) 531-9258

    236 Total Sales

    1 in East Memphis

    $330,000 Price

    Jason Miller
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$405,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,833 $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 Real Estate Agent - Crown Realty Company

    Seller's Agent in 2012

    Ronald Faulkner

    Crown Realty Company

    (901) 870-0900

    1 in this area

    41 Total Sales

    Ronald Faulkner
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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

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.

Memphis Area Association of REALTORS® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
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Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

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