NOT LISTED FOR SALE

505 Tennessee St Unit RG7 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $302,000 - $346,000

1 Bed
1.5 Baths
1,400-1,599 Sq Ft
392 Sq Ft Lot

Last Sold September 27, 2018

Last sale price $363,000 $227 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $1,919/month

4 Days on Market

Highlights

  • Fitness Center
  • 3-minute walk to Central Station
  • Sauna
  • Gated Parking
  • Soft Contemporary Architecture
  • 2-minute walk to Butler Park

About This Home

As of September 2018

Spacious 1 bedroom loft with flex room perfect for additional bedroom or office. 1/2 bath off this room. Work in your kitchen and enjoy the stunning city view out your double door balcony. All utilities are included except electricity~ Basic cable & internet included. Lofts at South Bluff includes roof deck with kitchen, gas grills, sauna, lap pool and on site managment 5 days week. Communal bike parking with direct access to South Bluffs. Trolley line right outside the front doors.

Last Agent to Sell the Property

Suzanne White

Groome & Co. License #294656 Listed on: 07/24/2018

Last Buyer's Agent

Anna-Grace Williams

Adaro Realty, Inc. License #330778

Adaro Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,466

Year Built

  • Built in 1917

Lot Details

  • 392

Home Design

  • Soft Contemporary Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,524 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Great Room
  • Laminate Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Parking

  • 1 Car Detached Garage
  • Gated Parking

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 002083 D00109

Community Details

Overview

  • Property has a Home Owners Association
  • $461 Maintenance Fee
  • Mid-Rise Condominium
  • Lofts At South Bluff Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Henry Turley Co

Amenities

  • Sauna

Recreation

  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,466

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • 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: 242
  • Number Of Stories: 1
  • Price Per Sq Ft: 238.19
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1524
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Primary Up
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 1
  • Floors/Ceilings: Wood Laminate Floors, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Great Room, Breakfast Bar
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath

Exterior Features

  • Misc Exterior: Balcony
  • Exterior Windows: Brick Veneer
  • Pool Description: Neighborhood

Garage/Parking

  • Attached Detached Parking: Detached
  • Number Covered Parking Spaces: 1
  • Parking Display: 1D
  • Parking Storage: Gated Parking

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room
  • Condominium Association: Yes
  • Condominium Name: Lofts at South Bluff
  • Management Company: Henry Turley Co

Fee Information

  • Monthly Maintenance Fee: 461

Lot Info

  • Lot Number: UNIT RG7

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 002083 D00109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2018
Closed on
Sep 27, 2018
Sold by
Shiloah Shira
Bought by
Didato Dean T and Didato Kelly C
Seller's Agent
Suzanne White
Groome & Co.
Buyer's Agent
Anna-Grace Williams
Adaro Realty, Inc.
List Price
$369,000
Sold Price
$363,000
Premium/Discount to List
-$6,000
-1.63%
Current Estimated Value
$316,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,223
Avg. Annual Appreciation
-1.88%
Original Mortgage
$128,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2006
Sold by
Cavaneau Anna Elizabeth
Bought by
Shiloah Shira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
6.22%
Mortgage Type
Stand Alone Second
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
Didato Dean T $363,000 Executive Title & Closing In
Shiloah Shira $330,000 None Available
Cavaneau Anna Elizabeth $311,848 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Didato Dean T $116,000
Closed Didato Dean T $30,000
Closed Didato Dean T $128,000
Previous Owner Cavaneau Anna Elizabeth $37,000
Previous Owner Shiloah Shira $262,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2018 09/27/18 Sold $363,000 -1.6% $259 / Sq Ft
07/28/2018 07/28/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $369,000 -- $264 / 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 $2,466 $85,525 $2,475 $83,050
2024 $2,466 $72,750 $2,475 $70,275
2023 $4,432 $72,750 $2,475 $70,275
2022 $4,432 $72,750 $2,475 $70,275
2021 $4,484 $72,750 $2,475 $70,275
2020 $4,391 $60,600 $2,475 $58,125
2019 $1,937 $60,600 $2,475 $58,125
2018 $2,454 $60,600 $2,475 $58,125
2017 $1,983 $60,600 $2,475 $58,125
2016 $2,458 $56,250 $0 $0
2014 $2,458 $56,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10032638

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0109