NOT LISTED FOR SALE

505 Tennessee St Unit 227 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $234,000 - $258,202

1 Bed
1 Bath
1,000-1,199 Sq Ft
871 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $250,000 $209 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,471/month

Highlights

  • Water Views
  • 3-minute walk to Central Station
  • Clubhouse
  • Fitness Center
  • Updated Kitchen
  • 2-minute walk to Butler Park

About This Home

As of August 2022

HOA Fees Cover On-Site Management, Water, Basic Cable & Internet. 2 assigned parking spaces Storage cage (onsite management company has key)

Last Agent to Sell the Property

Jennifer Carstensen

Real Estate Agency License #317824 Listed on: 07/21/2022

Last Buyer's Agent

Zach Thomas

Sell901 Real Estate License #332547

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,917

Year Built

  • Built in 1909

Lot Details

  • Wrought Iron Fence
  • Landscaped

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,162 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Open Floorplan
  • Storage Room
  • Water Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Parking Lot

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002083 D00045

Community Details

Overview

  • Property has a Home Owners Association
  • $415 Maintenance Fee
  • Association fees include some utilities, trash collection, exterior maintenance, grounds maintenance, management fees, reserve fund, parking
  • Mid-Rise Condominium
  • Lofts @ South Bluffs Condos Third Amend Subdivision

Amenities

  • Clubhouse
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,917

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
  • MLS Map #: 745A
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 219
  • Number Of Stories: 1
  • Price Per Sq Ft: 215.15
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1162
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Full Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar, Island In Kitchen, Washer/Dryer Connections, Kit/DR Combo
  • Misc Interior: Walk-In Closet(s)
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Vaulted/Coffered Ceiling, Carpet

Exterior Features

  • Misc Exterior: On-Site Storage, Iron Fence
  • Exterior Windows: Brick Veneer
  • Pool Description: Neighborhood

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Storage Room(s), Parking Lot, Assigned Parking, Common Parking Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas

Association/Amenities

  • Condo Amenities: Exercise Room, Clubhouse, On-Site Storage, Water View
  • Condo Fees Include: Some Utilities, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Reserve Fund, Parking
  • Condominium Association: Yes
  • Neighborhood Amenities: Club House, Pool, Recreation Facilities

Fee Information

  • Monthly Maintenance Fee: 415

Lot Info

  • Lot Description: Landscaped
  • Lot Number: UNIT 227
  • Acreage: 0.02
  • Lot Size: .02
  • Price Per Acre: 12750000

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002083 D00045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 31, 2022
Sold by
Mather Lee R
Bought by
Frankel Don
Seller's Agent
Jennifer Carstensen
Real Estate Agency
Buyer's Agent
Zach Thomas
Sell901 Real Estate
List Price
$265,000
Sold Price
$250,000
Premium/Discount to List
-$15,000
-5.66%
Current Estimated Value
$246,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,949
Avg. Annual Appreciation
0.09%

Purchase Details

Closed on
Aug 22, 2007
Sold by
Thob Llc
Bought by
Mather Lee R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,930
Interest Rate
6.55%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Frankel Don $250,000 Foundation Title & Escrow
Mather Lee R $237,930 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mather Lee R $221,914
Previous Owner Mather Lee R $237,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $250,000 -2.0% $250 / Sq Ft
07/31/2022 07/31/22 Price Changed $255,000 -3.8% $255 / Sq Ft
07/21/2022 07/21/22 For Sale $265,000 0.0% $265 / Sq Ft
02/01/2017 02/01/17 Rented $1,395 0.0% --
01/24/2017 01/24/17 Under Contract -- -- --
12/01/2016 12/01/16 For Rent $1,395 -- --
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 $1,917 $70,600 $1,975 $68,625
2024 $1,917 $56,550 $1,975 $54,575
2023 $3,445 $56,550 $1,975 $54,575
2022 $3,445 $56,550 $1,975 $54,575
2021 $3,485 $56,550 $1,975 $54,575
2020 $3,705 $51,125 $1,975 $49,150
2019 $1,634 $51,125 $1,975 $49,150
2018 $1,634 $51,125 $1,975 $49,150
2017 $1,673 $51,125 $1,975 $49,150
2016 $2,092 $47,875 $0 $0
2014 $2,092 $47,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Carstensen

    Seller's Agent in 2022

    Jennifer Carstensen

    Real Estate Agency

    (901) 201-0280

    2 in this area

    340 Total Sales

    Jennifer Carstensen
    Section Image
  • Zach Thomas

    Buyer's Agent in 2022

    Zach Thomas

    Sell901 Real Estate

    (901) 674-1612

    3 in this area

    163 Total Sales

    Zach Thomas
    Section Image

  • R

    Seller's Agent in 2017

    Roxanne King

    Meridian National Realty, LLC

    (901) 921-7111

    19 Total Sales

    Roxanne King
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10129261

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0045

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 227, Memphis, TN

This home is located at 505 Tennessee St Unit 227, Memphis, TN 38103 since 21 July 2022 and is currently estimated at $246,051, approximately $205 per square foot. This property was built in 1909. 505 Tennessee St Unit 227 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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