NOT LISTED FOR SALE

5505 Gemstone Way Memphis, TN 38109

Whitehaven Neighborhood

Estimated Value: $240,000 - $255,415

4 Beds
2 Baths
1,600-1,799 Sq Ft
$137/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $203,500 $113 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,427/month

Highlights

  • New Construction
  • Covered Patio or Porch
  • Walk-In Closet
  • Traditional Architecture
  • Double Pane Windows
  • Breakfast Bar

About This Home

As of September 2020

The Cali 4 bedroom 2 bathroom Floor-plan by DR Horton features an open floor plan with Mohawk Revwood floors throughout Kitchen offers granite counters, tile backslash, & stainless appliances, Carrier HVAC, Moen facuets and much more! This home also has a 2 car garage. Ask about our move-in special ZERO DOWN and FREE blind and SS refrigerator! Our smart home features key-less entry!

Last Agent to Sell the Property

Latoya Veals

J Hunter Realty License #293531 Listed on: 06/04/2020

Co-Listed By

Jessica Green

Keller Williams Realty License #351850

Last Buyer's Agent

Latoya Veals

J Hunter Realty License #293531 Listed on: 06/04/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,697

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,765 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Gas Log Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Partially Carpeted
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • Ground Level

Community Details

  • Diamond Estates Subdivision
  • Mandatory Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,697

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: Diamond Estates
  • List Price Per Sq Ft: 115
  • Number Of Stories: 1
  • Prop Construction Status: New Construction (Never Occupied)
  • Estimated Sq Ft: 1765
  • Year Built: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Carpet, Shared Bath, Level 1
  • Bedroom 3 Description: Carpet, Shared Bath, Level 1
  • Bedroom 4 Description: Carpet, Shared Bath, Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Fireplace: Ventless Gas Fireplace, In Living Room, Gas Logs, Glass Doors
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Vinyl Floor
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Microwave
  • Living Dining Kitchen: LR/DR Combination, Breakfast Bar, Pantry, Island In Kitchen
  • Misc Interior: Pull Down Attic Stairs, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • P R I M A R Y B E D R O O M: Carpet, Full Bath, Level 1, Walk-In Closet

Exterior Features

  • Misc Exterior: Covered Patio
  • Exterior Windows: Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Ceiling Fan(s), Central
  • Heating: Central
  • Security: Smoke Detector(s)
  • Water Sewer: Electric Water Heater, Public Sewer, Public Water

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Landscaped
  • Lot Number: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Sep 1, 2020
Sold by
D R Horton Inc
Bought by
Weaver Elexus Lashay
Seller's Agent
Latoya Veals
J Hunter Realty
Buyer's Agent
Latoya Veals
J Hunter Realty
List Price
$202,250
Sold Price
$203,500
Premium/Discount to List
$1,250
0.62%
Current Estimated Value
$245,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,104
Avg. Annual Appreciation
3.71%
Original Mortgage
$199,813
Outstanding Balance
$177,646
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$67,958

Purchase Details

Closed on
Mar 4, 2020
Sold by
Forestar Real Estate Group Inc
Bought by
D R Horton Inc

Purchase Details

Closed on
Apr 17, 2019
Sold by
Habitat For Humanity Of Greater Memphis
Bought by
Hickasaw Ventures Llc
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
Weaver Elexus Lashay $203,500 Foundation T&E Series Llc
D R Horton Inc $56,586 None Available
Hickasaw Ventures Llc $587,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Elexus Lashay $199,813
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $203,500 0.0% $127 / Sq Ft
07/21/2020 07/21/20 Price Changed $203,500 +0.1% $127 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
06/16/2020 06/16/20 Price Changed $203,250 +0.5% $127 / Sq Ft
06/04/2020 06/04/20 For Sale $202,250 -- $126 / 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 $1,697 $66,100 $7,500 $58,600
2024 $1,697 $50,050 $4,350 $45,700
2023 $3,049 $50,050 $4,350 $45,700
2022 $3,049 $50,050 $4,350 $45,700
2021 $3,624 $50,050 $4,350 $45,700
2020 $139 $4,350 $4,350 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Latoya Veals

    J Hunter Realty

    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jessica Green

    Keller Williams Realty

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10077860

Memphis Area Association of REALTORS®

APN: 07-5259-R0-0057

Tennessee Shelby County Memphis 38109 Whitehaven

5505 Gemstone Way, Memphis, TN

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