NOT LISTED FOR SALE

550 Sevier St Memphis, TN 38122

High Point Terrace Neighborhood

Estimated Value: $463,661 - $487,000

3 Beds
2.5 Baths
2,200-2,399 Sq Ft
$198/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $490,000 $204 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,882/month

7 Days on Market

Highlights

  • New Construction
  • Updated Kitchen
  • Deck
  • White Station Middle Rated A-
  • Landscaped Professionally
  • Traditional Architecture

About This Home

As of July 2022

Zero Lot new construction in sought-out High Point Terrace. Open floor plan with plenty of natural light. Quartz counter tops and custom cabinets in kitchen, bathrooms and laundry room. Engineered hardwood downstairs and carpet up. Walk in shower with soaker tub and double vanity in primary bathroom. Walk in closet off primary bathroom. Primary bedroom down. Gas cooktop. Dishwasher and sink in island. Upgraded lighting package with ceiling fans in all bedrooms. Bonus room up.

Last Agent to Sell the Property

Patrick Halloran

Halloran Realty Group License #322128 Listed on: 06/10/2022

Last Buyer's Agent

Dan Hoffman

KAIZEN Realty, LLC License #224305

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Wood Fence
  • Landscaped Professionally

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,200 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Great Room
  • Den with Fireplace
  • Bonus Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Parking

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

Outdoor Features

  • Deck

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Highland Homes Place Resub Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: High Point Terrace
  • List Price Per Sq Ft: 225
  • Number Of Stories: 2
  • Prop Construction Status: New Construction (Never Occupied)
  • Estimated Sq Ft: 2200
  • Year Built: 2022
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 1/2 Bath, 1 Bath, Laundry Room
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 1 Bath, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedroom 2 Description: Carpet, Shared Bath, Level 2, Smooth Ceiling
  • Bedroom 3 Description: Carpet, Shared Bath, Level 2, Smooth Ceiling
  • Bedrooms: 3
  • Bedrooms Down: 1
  • Fireplace: Vented Gas Fireplace, In Den/Great Room, Gas Starter, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Gas Cooking, Disposal, Dishwasher, Microwave
  • Living Dining Kitchen: Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Island In Kitchen
  • Misc Interior: Walk-In Closet(s), Pull Down Attic Stairs, Attic Access, Walk-In Attic
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Bonus Room
  • Primary Bathroom Description: Double Sinks, Smooth Ceiling, Separate Shower, Tile Floor
  • P R I M A R Y B E D R O O M: Full Bath, Hardwood Floor, Level 1, Smooth Ceiling, Walk-In Closet

Exterior Features

  • Misc Exterior: Deck, Wood Fence
  • Exterior Windows: Brick Veneer, 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), Front-Load Garage

Utilities

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

Lot Info

  • Lot Description: Professionally Landscaped, Wood Fenced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jul 28, 2022
Sold by
Memphis Properties Llc
Bought by
Allen Derrick S
Seller's Agent
Patrick Halloran
Halloran Realty Group
Buyer's Agent
Dan Hoffman
KAIZEN Realty, LLC
List Price
$495,000
Sold Price
$490,000
Premium/Discount to List
-$5,000
-1.01%
Current Estimated Value
$486,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,765
Avg. Annual Appreciation
-0.96%
Original Mortgage
$465,500
Outstanding Balance
$446,081
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$28,084
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Allen Derrick S $490,000 Hodges Law Firm Pllc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Derrick S $465,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2022 07/28/22 Sold $490,000 -1.0% $223 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $495,000 -- $225 / 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 $3,921 $118,700 $10,325 $108,375
2024 $3,921 $115,650 $9,050 $106,600
2023 $7,045 $115,650 $9,050 $106,600
2022 $1,389 $22,800 $9,050 $13,750
2021 $655 $9,050 $9,050 $0
2020 $2,996 $9,050 $9,050 $0
2019 $655 $9,050 $9,050 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Halloran

    Seller's Agent in 2022

    Patrick Halloran

    Halloran Realty Group

    (901) 413-8907

    1 in this area

    61 Total Sales

    Patrick Halloran
    Section Image
  • Dan Hoffman

    Buyer's Agent in 2022

    Dan Hoffman

    KAIZEN Realty, LLC

    (901) 335-9119

    1 in this area

    60 Total Sales

    Dan Hoffman
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10126087

Memphis Area Association of REALTORS®

APN: 04-4090-0-0066

Tennessee Shelby County Memphis 38122 High Point Terrace

550 Sevier St, Memphis, TN

Not Listed for Sale

Detached

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