NOT LISTED FOR SALE

505 Tennessee St Unit 303 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $192,000 - $497,000

1 Bed
1 Bath
100-999 Sq Ft
871 Sq Ft Lot

Last Sold December 06, 2023

Last sale price $212,000 $212 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,606/month

46 Days on Market

Highlights

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

About This Home

As of December 2023

Spacious 1bed condo located in historic Lofts Building. Soaring 14ft ceilings, light filled rooms, & large walk in closest! Unit also boasts fully equipped kitchen with lots of storage and, washer and dryer in unit. Covered parking in controlled access garage. A standout feature, the relaxing rooftop overlooking the MS river. Beautiful pool, fitness center & Sauna are just a few of its amenities. Residents have access to South Bluffs & the New River Front making pet walking easy! Truly Charming

Last Agent to Sell the Property

Alan Crenshaw

Ware Jones, REALTORS License #273859 Listed on: 10/13/2023

Ware Jones, REALTORS

Last Buyer's Agent

Josh WILSON MEMPHIS

Moss Real Estate License #322779

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,733

Year Built

  • Built in 1909

Lot Details

  • 871

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 890 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Window Treatments
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room
  • Sauna
  • Termite Clearance

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Gated Parking
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 002083 D00049

Community Details

Overview

  • Property has a Home Owners Association
  • $333 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • Mid-Rise Condominium
  • Lofts At South Bluff Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Wright Property Mgmt

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,733

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
  • Number Of Stories: 1
  • Price Per Sq Ft: 238.2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 890
  • Termite Contract: Yes
  • Year Built: 1909
  • List Price/ Sq Ft: 245
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer, Cable Wired, Cable Available
  • Living Dining Kitchen: Separate Living Room, Updated/Renovated Kitchen, Eat-In Kitchen, Washer/Dryer Connections, Kit/DR Combo
  • Misc Interior: All Window Treatments, Walk-In Closet(s)
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Patio, Covered Patio, Sauna
  • Exterior Windows: Brick Veneer
  • Pool Description: Neighborhood

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1D
  • Parking Storage: Gated Parking, Gate Clickers, Assigned Parking

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room, Clubhouse w/ Kitchen
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Lofts At South Bluff
  • Management Company: Wright Property Mgmt
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 333

Lot Info

  • Lot Number: UNIT 303
  • Acreage: 0.02
  • Price Per Acre: 10895000

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002083 D00049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2018
Closed on
Oct 3, 2018
Sold by
Bell Gene E and Bell Bethany B
Bought by
Mcdaniel Payson
Seller's Agent
Anna-Grace Williams
Adaro Realty, Inc.
Buyer's Agent
Scott Hopkins
Keller Williams
List Price
$179,900
Sold Price
$179,000
Premium/Discount to List
-$900
-0.5%
Current Estimated Value
$274,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,368
Avg. Annual Appreciation
6.75%
Original Mortgage
$175,757
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 12, 2017
Closed on
Aug 8, 2017
Sold by
Thob Llc
Bought by
Bell Gene E and Bell Bethany B
Seller's Agent
Jodi Gibbs
Keller Williams
Buyer's Agent
Anna-Grace Williams
Adaro Realty, Inc.
List Price
$168,900
Sold Price
$167,400
Premium/Discount to List
-$1,500
-0.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$164,367
Interest Rate
4.4%
Mortgage Type
FHA
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
Mcdaniel Payson $179,000 None Available
Bell Gene E $167,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George David Craven $112,000
Closed Mcdaniel Payson $175,757
Previous Owner Bell Gene E $164,367
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2023 12/06/23 Sold $212,000 -2.7% $2,120 / Sq Ft
11/28/2023 11/28/23 Pending -- -- --
11/03/2023 11/03/23 Price Changed $217,900 -0.9% $2,179 / Sq Ft
10/13/2023 10/13/23 For Sale $219,900 +22.8% $2,199 / Sq Ft
10/03/2018 10/03/18 Sold $179,000 -0.5% $179 / Sq Ft
08/11/2018 08/11/18 For Sale $179,900 +7.5% $180 / Sq Ft
08/11/2017 08/11/17 Sold $167,400 -0.9% $1,674 / Sq Ft
07/05/2017 07/05/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $168,900 -- $1,689 / 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 $1,733 $54,625 $1,450 $53,175
2024 $1,733 $51,125 $1,450 $49,675
2023 $3,114 $51,125 $1,450 $49,675
2022 $3,114 $51,125 $1,450 $49,675
2021 $3,151 $51,125 $1,450 $49,675
2020 $3,112 $42,950 $1,450 $41,500
2019 $1,373 $42,950 $1,450 $41,500
2018 $1,373 $42,950 $1,450 $41,500
2017 $2,630 $68,720 $2,320 $66,400
2016 $1,746 $39,960 $0 $0
2014 $2,662 $60,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alan Crenshaw

    Seller's Agent in 2023

    Alan Crenshaw

    Ware Jones, REALTORS

    (901) 413-0990

    3 in this area

    106 Total Sales

    Alan Crenshaw
    Section Image

  • J

    Buyer's Agent in 2023

    Josh WILSON MEMPHIS

    Moss Real Estate

    (901) 480-7195

    3 in this area

    17 Total Sales

    Josh WILSON MEMPHIS
    Section Image
  • Anna-Grace Williams

    Seller's Agent in 2018

    Anna-Grace Williams

    Adaro Realty, Inc.

    (901) 487-5828

    4 in this area

    30 Total Sales

    Anna-Grace Williams
    Section Image

  • S

    Buyer's Agent in 2018

    Scott Hopkins

    Keller Williams

    30 Total Sales

    Scott Hopkins
    Section Image
  • Jodi Gibbs

    Seller's Agent in 2017

    Jodi Gibbs

    Keller Williams

    (901) 598-5634

    14 in this area

    58 Total Sales

    Jodi Gibbs
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10158736

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0049

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 303, Memphis, TN

This home is located at 505 Tennessee St Unit 303, Memphis, TN 38103 since 13 October 2023 and is currently estimated at $274,368, approximately $274 per square foot. This property was built in 1909. 505 Tennessee St Unit 303 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.

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.

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