NOT LISTED FOR SALE

505 Tennessee St Unit 116 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $278,000 - $315,000

1 Bed
1 Bath
1,400-1,599 Sq Ft
1,307 Sq Ft Lot

Last Sold March 28, 2019

Last sale price $274,900 $172 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,765/month

21 Days on Market

Highlights

  • Water Views
  • 3-minute walk to Central Station
  • The property is located in a historic district
  • Fitness Center
  • Sauna
  • 2-minute walk to Butler Park

About This Home

As of March 2019

Gorgeous first floor loft is one-in-a-million! Original industrial charm + polished luxury. Stunning kitchen with solid cherry cabinets, quartz countertops, stainless appliances including double ovens, and massive stainless steel island. Custom light fixtures sparkle throughout. Spacious bedroom with tigerwood bamboo floor easily fits a king bed + seating. Entry area doubles as library/office + art corridor. Private patio with walk-out access into South Bluffs is minutes from the Riverwalk.

Last Agent to Sell the Property

Mike Parker

The Firm License #284810 Listed on: 02/15/2019

Last Buyer's Agent

Katie Davidson

Coldwell Banker Collins-Maury License #331430

Coldwell Banker Collins-Maury

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,269

Year Built

  • Built in 1909

Lot Details

  • 1,307

Home Design

  • Contemporary Architecture
  • Built-Up Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,418 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Some Wood Windows
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Loft
  • Storage Room
  • Sauna
  • Water Views
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Double Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Front Facing Garage
  • Unassigned Parking

Outdoor Features

  • Outdoor Gas Grill
  • Porch

Location

  • Ground Level
  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Shared Hot Water
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002083 D00007

Community Details

Overview

  • Property has a Home Owners Association
  • $429 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 121 Units
  • Mid-Rise Condominium
  • Lofts @ South Bluffs Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Wright Property Mgmt

Amenities

  • Sauna

Recreation

  • Fitness Center
  • Community Pool

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,269

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Contemporary
  • Attached Unit Type: First Floor Flat, Mid Rise (3-6 Stories)
  • Cross Street: G E Patterson Ave.
  • MLS Map #: 745A
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 194
  • Number Of Stories: 1
  • Price Per Sq Ft: 193.86
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1418
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, 1 Bath, Laundry Room
  • Second Story Floor Plan: Primary Bedroom
  • Additional Bedroom Bathroom Info: Primary Up, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 1
  • Floors/Ceilings: Wood Laminate Floors, Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Double Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Updated/Renovated Kitchen, Island In Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Fire Sprinklers, Smoke Detector(s), 2 or More Elevators, Vent Hood/Exhaust Fan
  • Other Rooms: Laundry Closet, Entry Hall, Loft/Balcony, Storage Room
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Gas Grill, Porch, Sauna, Historic District, Sidewalks
  • Exterior Windows: Brick Veneer, Wood Window(s), Steel Insulated Door(s)
  • Pool Description: Neighborhood
  • Roof: Built-Up/Flat

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1D
  • Parking Storage: Storage Room(s), Front-Load Garage, Unassigned Parking

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Security: Smoke Detector(s), Limited Access, Dead Bolt Lock(s)
  • Water Sewer: Common Hot Water

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room, Water View
  • Condo Fees Include: Some Utilities, Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Lofts @ South Bluffs
  • Management Company: Wright Property Mgmt
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 429

Lot Info

  • Lot Number: UNIT 116
  • Acreage: 0.03
  • Price Per Acre: 9163333

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 002083 D00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2019
Closed on
Mar 28, 2019
Sold by
Stuckey Glnny W
Bought by
Ehrentraut Christopher I
Seller's Agent
Mike Parker
The Firm
Buyer's Agent
Katie Davidson
Coldwell Banker Collins-Maury
List Price
$274,900
Sold Price
$274,900
Total Days on Market
21
Current Estimated Value
$291,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,570
Avg. Annual Appreciation
1.31%
Original Mortgage
$206,175
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2009
Sold by
Thob Llc
Bought by
Stuckey Ginny W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2009
Sold by
Memphis Center City Revenue Finance Corp
Bought by
Thob Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ehrentraut Christopher I $274,900 Boston National Ttl Agcy Llc
Stuckey Ginny W $200,000 Executive Title & Closing In
Thob Llc $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ehrentraut Christopher J $194,800
Closed Ehrentraut Christopher I $206,175
Previous Owner Stuckey Ginny W $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2019 03/28/19 Sold $274,900 0.0% $196 / Sq Ft
02/15/2019 02/15/19 For Sale $274,900 -- $196 / 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 $2,269 $80,850 $2,300 $78,550
2024 $2,269 $66,925 $2,300 $64,625
2023 $4,077 $66,925 $2,300 $64,625
2022 $4,077 $66,925 $2,300 $64,625
2021 $2,309 $66,925 $2,300 $64,625
2020 $4,127 $56,950 $2,300 $54,650
2019 $1,820 $56,950 $2,300 $54,650
2018 $1,820 $56,950 $2,300 $54,650
2017 $1,863 $56,950 $2,300 $54,650
2016 $2,357 $53,925 $0 $0
2014 $2,357 $53,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Parker

    Seller's Agent in 2019

    Mike Parker

    The Firm

    (901) 277-7275

    72 in this area

    259 Total Sales

    Mike Parker
    Section Image
  • Katie Davidson

    Buyer's Agent in 2019

    Katie Davidson

    Coldwell Banker Collins-Maury

    (901) 604-4926

    94 Total Sales

    Katie Davidson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10046221

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0007

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 116, Memphis, TN

This home is located at 505 Tennessee St Unit 116, Memphis, TN 38103 since 15 February 2019 and is currently estimated at $291,470, approximately $182 per square foot. This property was built in 1909. 505 Tennessee St Unit 116 is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Memphis Grizzlies Preparatory Charter School.

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