NOT LISTED FOR SALE

505 Tennessee St Unit 118 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $308,000 - $354,000

2 Beds
1 Bath
1,800-1,999 Sq Ft
1,742 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $342,000 $171 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,909/month

Highlights

  • Water Views
  • 3-minute walk to Central Station
  • Gated Community
  • Fitness Center
  • Sauna
  • 2-minute walk to Butler Park

About This Home

As of June 2021

Unique two bedroom in The Lofts at South Bluffs. This updated two bedroom, one bath unit includes high ceilings, exposed brick and an outdoor living space. Enjoy awesome views of the city and river from the roof top which also includes a covered patio, prep kitchen and gas grills. Stay active in the fitness facility and outdoor lap pool. Located in the hip South Main district and within walking distance of restaurants, museums, Amtrak, a movie theatre, dog park, boutique hotel, shops and more!

Last Agent to Sell the Property

Thomas Alexander

McWaters & Associates License #356645 Listed on: 05/03/2021

Last Buyer's Agent

Jodi Gibbs

Keller Williams License #334767

Keller Williams

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,128

Year Built

  • Built in 1900

Lot Details

  • Wrought Iron Fence

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,801 Sq Ft Home
  • 1.5-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Combination Dining and Living Room
  • Loft
  • Sauna
  • Water Views
  • Security Gate

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Partially Carpeted
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Outdoor Gas Grill

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Heat Pump System
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002083 D00009

Community Details

Overview

  • Property has a Home Owners Association
  • $613 Maintenance Fee
  • Association fees include water/sewer, trash collection
  • Mid-Rise Condominium
  • Lofts @ South Bluffs Condos Third Amend Subdivision

Amenities

  • Sauna
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Security

  • Gated Community
  • Building Fire Alarm
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,128

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • MLS Map #: 745A
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 190
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 189.89
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1801
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, 1 Bath, Laundry Room
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom
  • Additional Bedroom Bathroom Info: Vaulted/Coffered Primary, Renovated Bathroom, Luxury Primary Bath
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 2, Carpet
  • Bedrooms: 2
  • Floors/Ceilings: Part Carpet, Concrete Floor
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar
  • Misc Interior: 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
  • Total Bathrooms: 1
  • Primary Bathroom Description: Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 2, Vaulted/Coffered Ceiling, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Gas Grill, Patio, Covered Patio, Sauna, Nbrhd Recreation Facility, On-Site Storage, Storage, Sidewalks, Iron Fence
  • Exterior Windows: Stone
  • Pool Description: Neighborhood

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1D
  • Parking Storage: Garage Door Opener(s), Assigned Parking, Unassigned Parking, On-Street Parking, Common Parking Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Electric Heat Pump
  • Security: Fire Alarm, Smoke Detector(s), Security Gate, Limited Access, Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room, On-Site Storage, Water View
  • Condo Fees Include: Water/Sewer, Trash Collection
  • Condominium Association: Yes
  • Neighborhood Amenities: Gated Neighborhood, Pool, Recreation Facilities

Fee Information

  • Monthly Maintenance Fee: 613

Lot Info

  • Lot Description: Water View, Corner, Iron Fenced
  • Lot Number: UNIT 118
  • Acreage: 0.04
  • Lot Size: 1801
  • Price Per Acre: 8550000

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002083 D00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 10, 2021
Sold by
Dunn Jeffrey S and Dunn Sheilah T
Bought by
Green Sean and Green Carol
Seller's Agent
Thomas Alexander
McWaters & Associates
Buyer's Agent
Jodi Gibbs
Keller Williams
List Price
$350,000
Sold Price
$342,000
Premium/Discount to List
-$8,000
-2.29%
Current Estimated Value
$325,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,973
Avg. Annual Appreciation
0.69%

Purchase Details

Listed on
Nov 9, 2016
Closed on
Jan 25, 2017
Sold by
Thob Llc
Bought by
Dunn Jeffrey S and Dunn Sheilah T
Seller's Agent
Amanda Lott
BHHS McLemore & Co., Realty
Buyer's Agent
Amanda Lott
BHHS McLemore & Co., Realty
List Price
$249,900
Sold Price
$249,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$224,910
Interest Rate
4.16%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Green Sean $342,000 None Available
Dunn Jeffrey S $249,900 None Available
Thob Llc $1,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Sean $100,000
Previous Owner Dunn Jeffrey S $224,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $342,000 -2.3% $190 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $350,000 +40.1% $194 / Sq Ft
01/25/2017 01/25/17 Sold $249,900 0.0% $179 / Sq Ft
11/22/2016 11/22/16 Pending -- -- --
11/09/2016 11/09/16 For Sale $249,900 -- $179 / 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 $2,128 $97,025 $2,925 $94,100
2024 $2,128 $62,775 $2,925 $59,850
2023 $3,824 $62,775 $2,925 $59,850
2022 $3,824 $62,775 $2,925 $59,850
2021 $3,869 $62,775 $2,925 $59,850
2020 $7,246 $100,000 $10,800 $89,200
2019 $3,838 $100,000 $10,800 $89,200
2018 $4,003 $104,280 $10,800 $93,480
2017 $58 $0 $0 $0
2016 $654 $0 $0 $0
2014 $666 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Thomas Alexander

    McWaters & Associates

    Section Image
  • Jodi Gibbs

    Buyer's Agent in 2021

    Jodi Gibbs

    Keller Williams

    (901) 598-5634

    14 in this area

    58 Total Sales

    Jodi Gibbs
    Section Image
  • Amanda Lott

    Seller's Agent in 2017

    Amanda Lott

    BHHS McLemore & Co., Realty

    (901) 461-9246

    44 in this area

    356 Total Sales

    Amanda Lott
    Section Image
  • Carol Lott

    Seller Co-Listing Agent in 2017

    Carol Lott

    BHHS McLemore & Co., Realty

    (901) 461-4869

    43 in this area

    348 Total Sales

    Carol Lott
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10098479

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0009

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 118, Memphis, TN

This home is located at 505 Tennessee St Unit 118, Memphis, TN 38103 since 03 May 2021 and is currently estimated at $325,027, approximately $162 per square foot. This property was built in 1900. 505 Tennessee St Unit 118 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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