NOT LISTED FOR SALE

5146 Saffron Spring Rd Lakeland, TN 38002

Estimated Value: $687,000 - $721,000

5 Beds
4.5 Baths
3,600-3,799 Sq Ft
$185/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $714,725 $188 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,955/month

Highlights

  • New Construction
  • Landscaped Professionally
  • Traditional Architecture
  • Lakeland Elementary School Rated A
  • Vaulted Ceiling
  • 3-minute walk to International Harvester Park

About This Home

As of May 2023

Kensington Manor: A Regency Homebuilders community in Lakeland. This Reed floor plan is a 3731 square foot home featuring 9 foot ceilings downstairs and 8 foot ceilings upstairs, as well as open concept living.

Last Agent to Sell the Property

Jocelyn Cuty

Regency Realty, LLC License #263245 Listed on: 08/31/2022

Last Buyer's Agent

Jocelyn Cuty

Regency Realty, LLC License #263245 Listed on: 08/31/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,281

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.3 Acre Lot
  • Landscaped Professionally

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 3,600-3,799 Sq Ft Home
  • 3,731 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Two Story Entrance Foyer
  • Great Room
  • Dining Room
  • Den with Fireplace
  • Loft
  • Laundry Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • Kensington Manor Ph2 Subdivision
  • Mandatory Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,281

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 832A
  • MAAR Subdivision Name: KENSINGTON MANOR PH2
  • List Price Per Sq Ft: 191
  • Number Of Stories: 2
  • Price Per Sq Ft: 191.56
  • Prop Construction Status: New Construction (Never Occupied)
  • Estimated Sq Ft: 3731
  • Year Built: 2023
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down, Split Bedroom Plan, Double Vanity Bath, Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 3600-3799
  • Bedroom 2 Description: Level 1, Walk-In Closet, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 2, Walk-In Closet, Private Full Bath, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Walk-In Closet, Private Full Bath, Smooth Ceiling, Carpet
  • Bedroom 5 Description: Level 2, Shared Bath, Vaulted/Coffered Ceilings, Smooth Ceiling, Carpet
  • Bedrooms: 5
  • Bedrooms Down: 2
  • Fireplace: Ventless Gas Fireplace, In Den/Great Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling, Two Story Foyer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Cooktop, Disposal, Dishwasher, Microwave, Cable Wired
  • Living Dining Kitchen: Separate Dining Room, Great Room, Eat-In Kitchen, Pantry, Island In Kitchen
  • Misc Interior: Walk-In Closet(s), Walk-In Attic, Security System, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Loft/Balcony
  • Total Bathrooms: 4.1
  • Primary Bathroom Description: Double Sinks, Separate Shower, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Porch, Covered Patio
  • Exterior Windows: Brick Veneer, Wood/Composition, Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Garage Door Opener(s), Side-Load Garage

Utilities

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

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Professionally Landscaped
  • Lot Number: 29
  • Acreage: 0.3
  • Lot Size: .30
  • Price Per Acre: 2374167

Multi Family

  • Number Of Rooms: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
May 15, 2023
Sold by
Regency Home Builders Llc
Bought by
Maneka Mahrukh and Maneka Najam
Seller's Agent
Jocelyn Cuty
Regency Realty, LLC
Buyer's Agent
Jocelyn Cuty
Regency Realty, LLC
List Price
$712,250
Sold Price
$714,725
Premium/Discount to List
$2,475
0.35%
Current Estimated Value
$702,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,639
Avg. Annual Appreciation
-0.73%
Original Mortgage
$500,000
Outstanding Balance
$485,995
Interest Rate
6.35%
Estimated Equity
$216,091
Source: Public Records

Range of Values:

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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
Maneka Mahrukh $714,725 Memphis Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maneka Mahrukh $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $714,725 +0.3% $199 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $712,250 -- $198 / 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 $3,281 $163,475 $32,550 $130,925
2024 $3,281 $129,425 $25,500 $103,925
2023 $3,281 $43,050 $25,500 $17,550
Source: Public Records

Agents Affiliated with this Home

  • Jocelyn Cuty

    Seller's Agent in 2023

    Jocelyn Cuty

    Regency Realty, LLC

    (901) 461-2889

    71 in this area

    98 Total Sales

    Jocelyn Cuty
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10140353

Memphis Area Association of REALTORS®

APN: L0-151Y-B0-0005

Tennessee Shelby County Lakeland 38002

5146 Saffron Spring Rd, Lakeland, TN

This home is located at 5146 Saffron Spring Rd, Lakeland, TN 38002 since 31 August 2022 and is currently estimated at $702,086, approximately $184 per square foot. This property was built in 2023. 5146 Saffron Spring Rd is a home located in Shelby County with nearby schools including Lakeland Elementary School, Lakeland Middle Preparatory School, and Arlington High School.

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