NOT LISTED FOR SALE

505 Tennessee St Unit 228 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $284,000 - $309,000

2 Beds
1 Bath
1,400-1,599 Sq Ft
1,307 Sq Ft Lot

Sale Details

Date Sold: July 15, 2024

Last sale price $335,000 $210 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $1,808 / mo

206 Days on Market

Highlights

  • Fitness Center
  • 3-minute walk to Central Station
  • End Unit
  • Updated Kitchen
  • Wood Flooring
  • 2-minute walk to Butler Park

About This Home

As of July 2024

Transformed into a fabulous 2 BR! Attention to detail make all the difference & you must see in person! So many windows in this corner unit! Storage is no problem w/custom closets & a new one added. Filled w/character, this condo has 1,459 sq. ft. Owners added custom cabinetry in living space, kitchen, closets & laundry. Complete w/TWO parking spaces steps away & on the same floor as this unit. Rooftop pool, river views, work out facility & building security make this a great place to call home!

Last Agent to Sell the Property

Stacey Berry

Crye-Leike, Inc., REALTORS License #342511 Listed on: 11/30/2023

Crye-Leike, Inc., REALTORS

Co-Listed By

Rik Berry

Crye-Leike, Inc., REALTORS License #354664

Last Buyer's Agent

Stephanie Taylor

Sowell, Realtors License #295151

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1909

Lot Details

  • 1,307

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,459 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Window Treatments
  • Great Room
  • Den
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Security Gate
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Additional Features

  • Outdoor Storage
  • End Unit
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 002083 D00046

Community Details

Overview

  • Property has a Home Owners Association
  • $547 Maintenance Fee
  • Association fees include some utilities, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • Mid-Rise Community
  • The Lofts Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Wright Property Mgt
  • Planned Unit Development

Amenities

  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Building Fire Alarm
  • Storm Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1909

Lot Details

1,307 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Attached Unit Type: End Unit, Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Planned Unit Development: Yes
  • Estimated Sq Ft: 1459
  • Termite Contract: Yes
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Island In Kitchen
  • Misc Interior: Excl Some Window Treatmnt, Fire Sprinklers, Security System, Elevator
  • P R I M A R Y B E D R O O M: Level 1, Hardwood Floor

Exterior Features

  • Misc Exterior: On-Site Storage
  • Exterior Windows: Storm Window(s)
  • Pool Description: Neighborhood

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Assigned Parking

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Burglar Alarm, Fire Alarm, Smoke Detector(s), Security Gate, Part Time Guard Service, Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Exercise Room, On-Site Storage
  • Condo Fees Include: Some Utilities, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: The Lofts
  • Management Company: Wright Property Mgt
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 547

Lot Info

  • Lot Number: UNIT 228
  • Acreage: 0.03
  • Lot Size: .03

Tax Info

  • Assessor Parcel Number: 002083 D00046

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Jul 12, 2024
Sold by
Bought by
Seller's Agent
Stacey Berry
Crye-Leike, Inc., REALTORS
Buyer's Agent
Stephanie Taylor
Sowell, Realtors
List Price
$375,000
Sold Price
$335,000
Premium/Discount to List
-$40,000
-10.67%
Views
1963
Current Estimated Value
$295,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,293
Avg. Annual Appreciation
-5.90%
Original Mortgage
$140,000
Interest Rate
0.0629%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 23, 2018
Closed on
May 25, 2018
Sold by
Bought by
Seller's Agent
Jodi Gibbs
Keller Williams
Buyer's Agent
Carol Lott
BHHS McLemore & Co., Realty
List Price
$251,900
Sold Price
$251,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.74%
Original Mortgage
$260,158
Interest Rate
0.044%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$335,000 Home Surety Title & Escrow
$251,900 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $195,000
Closed $140,000
Previous Owner $260,158
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2024 07/15/24 Sold $335,000 -6.7% $239 / Sq Ft
06/23/2024 06/23/24 Pending -- -- --
04/10/2024 04/10/24 Price Changed $359,000 -3.0% $256 / Sq Ft
01/11/2024 01/11/24 Price Changed $370,000 -1.3% $264 / Sq Ft
11/30/2023 11/30/23 For Sale $375,000 +48.9% $268 / Sq Ft
05/25/2018 05/25/18 Sold $251,900 0.0% $252 / Sq Ft View Prior Sale
04/21/2018 04/21/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $251,900 -- $252 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,224 $82,675 $2,375 $80,300
2024 $2,322 $68,500 $2,375 $66,125
2023 $4,173 $68,500 $2,375 $66,125
2022 $4,173 $68,500 $2,375 $66,125
2021 $2,363 $68,500 $2,375 $66,125
2020 $4,214 $58,150 $2,375 $55,775
2019 $1,858 $58,150 $2,375 $55,775
2018 $3,513 $93,040 $3,800 $89,240
2017 $3,584 $93,040 $3,800 $89,240
2016 $2,307 $52,800 $0 $0
2014 $3,856 $88,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stacey Berry

    Seller's Agent in 2024

    Stacey Berry

    Crye-Leike

    (901) 481-6420

    4 in this area

    179 Total Sales

    Stacey Berry
    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Rik Berry

    Crye-Leike

    (901) 461-6421

    2 in this area

    147 Total Sales

    Rik Berry
    Section Image
  • Stephanie Taylor

    Buyer's Agent in 2024

    Stephanie Taylor

    Sowell, Realtors

    (901) 487-7452

    4 in this area

    153 Total Sales

    Stephanie Taylor
    Section Image
  • Jodi Gibbs

    Seller's Agent in 2018

    Jodi Gibbs

    Keller Williams

    (901) 598-5634

    9 in this area

    50 Total Sales

    Jodi Gibbs
    Section Image
  • Carol Lott

    Buyer's Agent in 2018

    Carol Lott

    BHHS McLemore & Co., Realty

    (901) 461-4869

    38 in this area

    309 Total Sales

    Carol Lott
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10161771

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0046

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 228, Memphis, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.