NOT LISTED FOR SALE

5318 Park Ave Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $159,000 - $347,827

3 Beds
2.5 Baths
2,600-2,799 Sq Ft
$94/Sq Ft Est. Value

Last Sold July 15, 2014

Last sale price $155,000 $55 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,538/month

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Eat-In Kitchen
  • White Station High Rated A
  • 2 Car Attached Garage
  • Double Pane Windows

About This Home

As of July 2014

Clean and ready to move in. Tons of storage. Lots of built-in bookcases and closet storage. Master Suite includes a 3rd floor library. Charming gated patio at rear between carport & entrance. Large eat-in kitchen with quartz counters.

Last Agent to Sell the Property

Edward Hanna

Crye-Leike, Inc., REALTORS License #289709 Listed on: 02/24/2014

Last Buyer's Agent

Richard Floyd

Regency Realty, LLC License #263320

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,859

Year Built

  • Built in 1979

Lot Details

  • Lot Dimensions are 25 x 120
  • Landscaped

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,699 Sq Ft Home
  • 2.1-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Flooring

  • Parquet
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • Carport
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 067086 00056

Community Details

Overview

  • Property has a Home Owners Association
  • $55 Maintenance Fee
  • Association fees include water/sewer
  • 2 Units
  • Park & Estate Townhouse Subdivision

Security

  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,859

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Town House
  • Cross Street: ESTATE
  • MAAR Subdivision Name: PARK & ESTATE TOWNHOUSES
  • Condo: Yes
  • List Price Per Sq Ft: 65
  • Number Of Stories: 2.1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2699
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up, Half Bath Down
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedroom 2 Description: Carpet
  • Bedroom 3 Description: Carpet
  • Bedrooms: 3
  • Fireplace: In Living Room, Gas Logs
  • Floors/Ceilings: Part Carpet, Parquet Floor
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Disposal, Dishwasher, Refrigerator, Washer, Dryer, Satellite Dish
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Eat-In Kitchen, W/D Connection in Kitchen
  • Number Of Fireplaces: 1
  • P R I M A R Y B E D R O O M: Carpet

Exterior Features

  • Misc Exterior: Well Landscaped Grounds
  • Exterior Windows: Brick Veneer, Double Pane Window(s), Storm Door(s)
  • Foundation: Slab

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Assigned Parking

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Security: Burglar Alarm, Iron Door(s)
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Condo Fees Include: Water/Sewer
  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 55

Lot Info

  • Lot Number: 9
  • Lot Size: 25 X 120

Tax Info

  • Assessor Parcel Number: 067086 00056

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2018
Sold by
Wang David
Bought by
Wang David and Liu Jain Xiong
Current Estimated Value
$262,957

Purchase Details

Listed on
Feb 24, 2014
Closed on
Jul 15, 2014
Sold by
Mcadoo Debra Ann
Bought by
Wang David
Seller's Agent
Edward Hanna
Crye-Leike, Inc., REALTORS
Buyer's Agent
Richard Floyd
Regency Realty, LLC
List Price
$189,000
Sold Price
$155,000
Premium/Discount to List
-$34,000
-17.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%
Original Mortgage
$137,500
Outstanding Balance
$104,891
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$158,066

Purchase Details

Closed on
Apr 5, 2012
Sold by
Mcadoo Debra Ann
Bought by
Mcadoo Debra Ann and Debra Mcadoo Revocable Living Trust
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
Wang David -- None Available
Wang David $155,000 Multiple
Mcadoo Debra Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang David $137,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2014 07/15/14 Sold $155,000 -18.0% $60 / Sq Ft
06/13/2014 06/13/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $189,000 -- $73 / 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 $1,859 $64,825 $7,675 $57,150
2024 $1,859 $54,825 $7,675 $47,150
2023 $3,340 $54,825 $7,675 $47,150
2022 $3,340 $54,825 $7,675 $47,150
2021 $3,379 $54,825 $7,675 $47,150
2020 $3,407 $47,025 $6,400 $40,625
2019 $3,407 $47,025 $6,400 $40,625
2018 $3,407 $47,025 $6,400 $40,625
2017 $1,933 $47,025 $6,400 $40,625
2016 $1,937 $44,325 $0 $0
2014 $1,937 $44,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Edward Hanna

    Crye-Leike

  • Richard Floyd

    Buyer's Agent in 2014

    Richard Floyd

    Regency Realty, LLC

    (901) 359-2789

    187 Total Sales

    Richard Floyd
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3291243

Memphis Area Association of REALTORS®

APN: 06-7086-0-0056

Tennessee Shelby County Memphis 38117 Colonial Acres

5318 Park Ave, Memphis, TN

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