NOT LISTED FOR SALE

5261 Magnolia Ln Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $538,000 - $603,000

4 Beds
3.5 Baths
4,000-4,499 Sq Ft
$129/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $540,000 $120 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,405/month

Highlights

  • In Ground Pool
  • Vaulted Ceiling
  • Traditional Architecture
  • 2 Acre Lot
  • Marble Flooring
  • Main Floor Primary Bedroom

About This Home

As of August 2021

NO CITY TAXES! Take a relaxing drive down Forest Hill Irene from 385 to Holmes & decompress from your hectic day. Enjoy the country life, in the city. This beautiful refuge will delight your senses as you live outdoors in a park-like setting that is all your own! Entertain in the 20x40 pool with extended decking, firepit and 17x28 screened in porch. Property has raised garden, chicken coop, & even boat storage. The one-story includes NEW carpet, paint in primary suite/fam room. Welcome home!

Last Agent to Sell the Property

Hilary Wesley

Crye-Leike, Inc., REALTORS License #350846 Listed on: 06/25/2021

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Mark Woods

KAIZEN Realty, LLC License #298097

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,948

Year Built

  • Built in 1989

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 257x350
  • Wood Fence
  • Landscaped
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 4,000-4,499 Sq Ft Home
  • 4,228 Sq Ft Home
  • 1.1-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Gas Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Entrance Foyer
  • Great Room
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Den
  • Bonus Room
  • Screened Porch
  • Storage Room
  • Laundry Room
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Breakfast Bar
  • Double Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Side Facing Garage
  • Circular Driveway

Accessible Home Design

  • Doors are 32 inches wide or more

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Cove
  • Patio
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

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

Community Details

  • Voluntary home owners association
  • Magnolia Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0256N A00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,948

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional, Ranch
  • Detached Unit Type: General Residential
  • Cross Street: Holmes
  • MLS Map #: 788B
  • MAAR Subdivision Name: MAGNOLIA ESTATES
  • Handicap Design: Wide Doors
  • List Price Per Sq Ft: 127
  • Number Of Stories: 1.1
  • Price Per Sq Ft: 127.72
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 4228
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 1/2 Bath, 2 or More Baths, Laundry Room, Breakfast Room
  • Second Story Floor Plan: Bonus Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Vaulted/Coffered Primary, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Half Bath Down
  • Estimated Heated Sq Ft Range: 4000-4499
  • Bedroom 2 Description: Level 1, Walk-In Closet, Private Full Bath, Carpet
  • Bedroom 3 Description: Level 1, Walk-In Closet, Shared Bath, Carpet
  • Bedroom 4 Description: Level 1, Shared Bath, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Fireplace: Ventless Gas Fireplace
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Marble/Terrazzo
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Double Oven, Disposal, Dishwasher, Microwave, Cable Wired, Separate Ice Maker
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Great Room, Breakfast Bar, Separate Breakfast Room, Pantry, Island In Kitchen
  • Misc Interior: Walk-In Closet(s), Walk-In Attic, Smoke Detector(s)
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, Bonus Room, Entry Hall, Attic
  • Total Bathrooms: 3.1
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Vaulted/Coffered Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Vaulted/Coffered Ceiling, Carpet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Storage Building, Porch, Screen Porch, Patio, Well Landscaped Grounds, Workshop
  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s), Double Pane Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Circular Drive, Storage Room(s), Workshop(s), Side-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Propane Gas
  • Security: Smoke Detector(s)
  • Water Sewer: Gas Water Heater, 2+ Water Heaters, Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Voluntary

Lot Info

  • Lot Description: Some Trees, Cove, Landscaped, Wood Fenced
  • Lot Number: 2
  • Acreage: 2
  • Lot Size: 257X350
  • Price Per Acre: 269500

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: D0256N A00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 10, 2021
Sold by
Wesley Nolan Lance and Wesley Hilary Alyson
Bought by
Mccoy James E
Seller's Agent
Hilary Wesley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Mark Woods
KAIZEN Realty, LLC
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%
Current Estimated Value
$580,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,279
Avg. Annual Appreciation
2.04%
Original Mortgage
$203,500
Outstanding Balance
$185,573
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$401,697

Purchase Details

Listed on
Jun 2, 2015
Closed on
Nov 2, 2015
Sold by
Walters James L and Walters Brenda K
Bought by
Wesley Nolans Lance and Wesley Hilary Alyson
Seller's Agent
Jennie Sampson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Kent Anderson
Crye-Leike, Inc., REALTORS
List Price
$415,000
Sold Price
$375,000
Premium/Discount to List
-$40,000
-9.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$235,000
Interest Rate
3.89%
Mortgage Type
New Conventional
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
Mccoy James E $540,000 Realty Title & Escrow Co Inc
Wesley Nolans Lance $279,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccoy James E $203,500
Previous Owner Wesley Nolans Lance $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $540,000 +0.2% $135 / Sq Ft
06/27/2021 06/27/21 Price Changed $539,000 -1.8% $135 / Sq Ft
06/25/2021 06/25/21 For Sale $549,000 +46.4% $137 / Sq Ft
11/02/2015 11/02/15 Sold $375,000 -9.6% $94 / Sq Ft View Prior Sale
10/02/2015 10/02/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $415,000 -- $104 / 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 $3,948 $171,375 $14,700 $156,675
2024 $3,948 $116,450 $12,700 $103,750
2023 $3,948 $116,450 $12,700 $103,750
2022 $3,948 $116,450 $12,700 $103,750
2021 $4,018 $116,450 $12,700 $103,750
2020 $3,969 $98,000 $12,700 $85,300
2019 $3,969 $98,000 $12,700 $85,300
2018 $3,969 $98,000 $12,700 $85,300
2017 $4,028 $98,000 $12,700 $85,300
2016 $4,027 $92,150 $0 $0
2014 $4,027 $92,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Hilary Wesley

    Crye-Leike

    Section Image
  • Mark Woods

    Buyer's Agent in 2021

    Mark Woods

    KAIZEN Realty, LLC

    (901) 830-1629

    3 in this area

    21 Total Sales

    Mark Woods
    Section Image

  • J

    Seller's Agent in 2015

    Jennie Sampson

    Crye-Leike, Inc., REALTORS

    (901) 921-6666

    1 in this area

    60 Total Sales

    Jennie Sampson
    Section Image
  • Kent Anderson

    Buyer's Agent in 2015

    Kent Anderson

    Crye-Leike

    (901) 359-2533

    2 in this area

    75 Total Sales

    Kent Anderson
    Section Image

  • R

    Buyer Co-Listing Agent in 2015

    Robert Dunlap

    Trading Places Realty, LLC

  • T

    Buyer Co-Listing Agent in 2015

    Tammy Anderson

    Crye-Leike

    (901) 359-2532

    2 in this area

    68 Total Sales

    Tammy Anderson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10102591

Memphis Area Association of REALTORS®

APN: D0-256N-A0-0002

Tennessee Shelby County Memphis 38125 Southern Shelby County

5261 Magnolia Ln, Memphis, TN

This home is located at 5261 Magnolia Ln, Memphis, TN 38125 since 25 June 2021 and is currently estimated at $580,279, approximately $128 per square foot. This property was built in 1989. 5261 Magnolia Ln is a home located in Shelby County with nearby schools including Southwind Elementary School, Germantown Middle School, and Germantown High School.

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