NOT LISTED FOR SALE

505 Tennessee St Unit 121 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $355,000 - $405,106

1 Bed
1.5 Baths
2,200-2,399 Sq Ft
2,178 Sq Ft Lot

Last Sold April 28, 2022

Last sale price $370,000 $154 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,362/month

Highlights

  • Water Views
  • 3-minute walk to Central Station
  • Sauna
  • Fitness Center
  • In Ground Pool
  • 2-minute walk to Butler Park

About This Home

As of April 2022

Own a piece of the historic Lofts at South Bluffs! This marvelous warehouse conversion showcases plenty of charm and this condo is no exception. Soaring ceilings, tons of natural light, exposed brick, concrete columns and floors, and the most magnificent entertaining space. One of the BEST rooftops in the city, too - a pool, lounging space, workout facility, and grills. Truly an urban retreat perfectly situated between the South Main Arts District & the (soon-to-be) newly renovated Tom Lee Park.

Last Agent to Sell the Property

Ashley Bonds

Marx-Bensdorf, REALTORS License #307394 Listed on: 03/05/2022

Last Buyer's Agent

Virginia Sutherland

Crye-Leike of MS License #312379

Crye-Leike of MS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,468

Year Built

  • Built in 1909

Lot Details

  • Wrought Iron Fence
  • Landscaped

Home Design

  • Traditional Architecture
  • Built-Up Roof

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,141 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Window Treatments
  • Great Room
  • Storage Room
  • Sauna
  • Water Views

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Concrete

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Sitting Area In Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Home Security

  • Termite Clearance
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Parking Garage Space
  • Unassigned Parking

Outdoor Features

  • In Ground Pool
  • Deck
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002083 D00012

Community Details

Overview

  • Property has a Home Owners Association
  • $782 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 122 Units
  • Mid-Rise Condominium
  • Loft At South Bluffs Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Wright

Amenities

  • Sauna
  • Trash Chute

Recreation

  • Fitness Center

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,468

Year Built

Built in 1909

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
  • Cross Street: G.E. Patterson
  • MLS Map #: 745A
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 175
  • Number Of Stories: 1
  • Price Per Sq Ft: 172.82
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2141
  • Termite Contract: Yes
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up, Renovated Bathroom, Half Bath Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Carpet, Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired, Cable Available
  • Living Dining Kitchen: Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Fire Sprinklers, 2 or More Elevators, Trash Chute, Common Basement
  • Other Rooms: Laundry Closet, Unfinished Basement
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Full Bath, Sitting Area

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Gas Grill, Deck, Sauna, Well Landscaped Grounds, Sidewalks
  • Exterior Windows: Brick Veneer
  • Foundation: Full Basement
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Storage Room(s), Gate Clickers, Unassigned Parking, On-Street Parking, Common Parking Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Fire Alarm, Smoke Detector(s), Limited Access
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room, Water View
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Loft at South Bluffs
  • Management Company: Wright
  • Neighborhood Amenities: Gated Neighborhood

Fee Information

  • Monthly Maintenance Fee: 782

Lot Info

  • Lot Description: Water View, Iron Fenced
  • Lot Number: UNIT 121
  • Acreage: 0.05
  • Lot Size: 0.05
  • Price Per Acre: 7500000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 002083 D00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2022
Closed on
Apr 14, 2022
Sold by
Irvine William D and Irvine Crystal Danielle
Bought by
Durtschi Krista Michelle Ste
Seller's Agent
Ashley Bonds
Marx-Bensdorf, REALTORS
Buyer's Agent
Virginia Sutherland
Crye-Leike of MS
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%
Current Estimated Value
$383,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,527
Avg. Annual Appreciation
4.82%
Original Mortgage
$277,500
Outstanding Balance
$232,075
Interest Rate
3.63%
Mortgage Type
Balloon
Estimated Equity
$201,799

Purchase Details

Listed on
Dec 15, 2017
Closed on
Mar 8, 2018
Sold by
Thob Llc
Bought by
Irvine William D and Irvine Crystal Danielle
Seller's Agent
Jodi Gibbs
Keller Williams
Buyer's Agent
Karen Soro
Adaro Realty, Inc.
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.18%
Original Mortgage
$315,250
Interest Rate
4.15%
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
Durtschi Krista Michelle Ste $370,000 Mid South Title Services
Irvine William D $325,000 None Available
Thob Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durtschi Krista Michelle Ste $277,500
Previous Owner Irvine William D $313,300
Previous Owner Irvine William D $313,500
Previous Owner Irvine William D $315,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2022 04/28/22 Sold $370,000 -1.3% $168 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
03/05/2022 03/05/22 For Sale $375,000 +15.4% $170 / Sq Ft
03/08/2018 03/08/18 Sold $325,000 0.0% $163 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
12/15/2017 12/15/17 For Sale $325,000 -- $163 / 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 $3,468 $117,150 $3,725 $113,425
2024 $3,468 $102,300 $3,725 $98,575
2023 $6,232 $102,300 $3,725 $98,575
2022 $6,232 $102,300 $3,725 $98,575
2021 $3,529 $102,300 $3,725 $98,575
2020 $5,960 $81,250 $3,725 $77,525
2019 $2,669 $81,250 $3,725 $77,525
2018 $73 $0 $0 $0
2017 $771 $0 $0 $0
2016 $752 $0 $0 $0
2014 $763 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley Bonds

    Seller's Agent in 2022

    Ashley Bonds

    Marx-Bensdorf, REALTORS

    (901) 485-2179

    3 in this area

    69 Total Sales

    Ashley Bonds
    Section Image

  • V

    Buyer's Agent in 2022

    Virginia Sutherland

    Crye-Leike

    (662) 429-2442

    1 in this area

    56 Total Sales

    Virginia Sutherland
    Section Image
  • Jodi Gibbs

    Seller's Agent in 2018

    Jodi Gibbs

    Keller Williams

    (901) 598-5634

    14 in this area

    58 Total Sales

    Jodi Gibbs
    Section Image

  • K

    Buyer's Agent in 2018

    Karen Soro

    Adaro Realty, Inc.

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118856

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0012

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 121, Memphis, TN

This home is located at 505 Tennessee St Unit 121, Memphis, TN 38103 since 05 March 2022 and is currently estimated at $383,527, approximately $159 per square foot. This property was built in 1909. 505 Tennessee St Unit 121 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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