NOT LISTED FOR SALE

505 Tennessee St Unit 120 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $280,000 - $320,000

1 Bed
1 Bath
1,600-1,799 Sq Ft
1,742 Sq Ft Lot

Last Sold September 19, 2014

Last sale price $195,000 $108 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,734/month

Highlights

  • Fitness Center
  • 3-minute walk to Central Station
  • Vaulted Ceiling
  • Gated Parking
  • Updated Kitchen
  • 2-minute walk to Butler Park

About This Home

As of September 2014

Awesome Loft Unit with Large Flex Room for 2nd Bedroom or Office Space. Granite Counters, Stainless Appliances, Double Vanity in Master Bath. 16 foot ceilings in living area, 11 ft ceiling in Master Bedroom! Huge Master Closet, Storage Unit in the Common area and 1 Garage Space below the building, not across the street! Priced to Sell, come see this one! Common areas include, fitness center on rooftop, outdoor rooftop pool, rooftop deck with tremendous river views! Trolley at Entrance to Bldg!

Last Agent to Sell the Property

Chris Garland

Crye-Leike, Inc., REALTORS License #232993 Listed on: 04/15/2014

Crye-Leike, Inc., REALTORS

Co-Listed By

Tracie Gaia

BHHS McLemore & Co., Realty License #272321

Last Buyer's Agent

Mike Parker

The Firm License #284810

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1909

Lot Details

  • 1,742

Home Design

  • Soft Contemporary Architecture

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,696 Sq Ft Home
  • 1.1-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Window Treatments
  • Aluminum Window Frames
  • Great Room
  • Bonus Room
  • Storage Room

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Disposal

Flooring

  • Partially Carpeted
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Gated Parking

Utilities

  • Central Heating and Cooling System
  • Shared Heating and Cooling
  • Cable TV Available

Additional Features

  • Porch
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 002083 D00011

Community Details

Overview

  • Property has a Home Owners Association
  • $514 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
  • The Lofts At South Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Lofts at South Bluff

Recreation

  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,017

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: First Floor Flat
  • Cross Street: W GE Patterson
  • MLS Map #: 745A
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • Historic District: South Main Street HP
  • List Price Per Sq Ft: 115
  • Number Of Stories: 1.1
  • Price Per Sq Ft: 114.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1696
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Luxury Primary Bath, Double Vanity Bath
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Carpet, Concrete Floor
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Gas Cooking, Disposal, Microwave, Refrigerator, Cable Wired, Cable Available
  • Living Dining Kitchen: Great Room, Updated/Renovated Kitchen, Breakfast Bar
  • Misc Interior: All Window Treatments
  • Other Rooms: Bonus Room
  • Total Bathrooms: 1
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Tile Floor
  • P R I M A R Y B E D R O O M: Vaulted/Coffered Ceiling

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Aluminum Window(s), Double Pane Window(s)
  • Pool Description: Neighborhood

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 1
  • Parking Display: 1A
  • Parking Storage: Storage Room(s), Back-Load Garage, Gated Parking

Utilities

  • Cooling: Central, Common Cooling System
  • Heating: Central

Association/Amenities

  • Condo Amenities: Exercise Room
  • 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: The Lofts at South
  • Management Company: Lofts at South Bluff
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 514

Lot Info

  • Lot Number: UNIT 120
  • Acreage: 0.04
  • Price Per Acre: 4875000

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 002083 D00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2014
Closed on
Sep 16, 2014
Sold by
Crutcher Nicholas D
Bought by
Loket Robert M and Loket Simone C
Seller's Agent
Chris Garland
Crye-Leike, Inc., REALTORS
Buyer's Agent
Mike Parker
The Firm
List Price
$209,000
Sold Price
$195,000
Premium/Discount to List
-$14,000
-6.7%
Current Estimated Value
$293,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,992
Avg. Annual Appreciation
4.12%

Purchase Details

Closed on
Nov 1, 2007
Sold by
Thob Llc
Bought by
Crutcher Nicholas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2007
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
$202,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
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
Loket Robert M $195,000 Home Surety Title & Escrow
Crutcher Nicholas D $225,000 Ctc
Thob Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crutcher Nicholas D $193,500
Previous Owner Crutcher Nicholas D $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2014 09/19/14 Sold $195,000 -6.7% $122 / Sq Ft
08/19/2014 08/19/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $209,000 -- $131 / 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 $2,017 $73,675 $2,925 $70,750
2024 $2,017 $59,500 $2,925 $56,575
2023 $3,625 $59,500 $2,925 $56,575
2022 $2,017 $59,500 $2,925 $56,575
2021 $3,667 $62,775 $2,925 $59,850
2020 $3,762 $51,925 $2,925 $49,000
2019 $1,660 $51,925 $2,925 $49,000
2018 $1,660 $51,925 $2,925 $49,000
2017 $1,736 $53,075 $2,925 $50,150
2016 $2,130 $48,750 $0 $0
2014 $2,858 $65,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Garland

    Seller's Agent in 2014

    Chris Garland

    Crye-Leike

    (901) 338-3226

    36 in this area

    126 Total Sales

    Chris Garland
    Section Image
  • Tracie Gaia

    Seller Co-Listing Agent in 2014

    Tracie Gaia

    BHHS McLemore & Co., Realty

    (901) 649-6232

    15 in this area

    114 Total Sales

    Tracie Gaia
    Section Image
  • Mike Parker

    Buyer's Agent in 2014

    Mike Parker

    The Firm

    (901) 277-7275

    71 in this area

    259 Total Sales

    Mike Parker
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9924080

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0011

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 120, Memphis, TN

This home is located at 505 Tennessee St Unit 120, Memphis, TN 38103 since 15 April 2014 and is currently estimated at $293,992, approximately $163 per square foot. This property was built in 1909. 505 Tennessee St Unit 120 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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