NOT LISTED FOR SALE

5507 Park Ave Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $290,000 - $369,000

3 Beds
3 Baths
2,200-2,399 Sq Ft
$136/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $266,000 $111 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,987/month

23 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Attic

About This Home

As of July 2021

Great Zero Lot line in the heart of East Memphis. 1 Bedroom down and 2 up. 3 Full baths, hardwood floors thru out down with tile in Kitchen, carpet up. Side Patio off dining area.

Last Agent to Sell the Property

Alli Echlin

Bluff City Realty Group, LLC License #358049 Listed on: 05/14/2021

Last Buyer's Agent

Stacy Johnson

KAIZEN Realty, LLC License #298990

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,224

Year Built

  • Built in 1989

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 45x128
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,374 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Pull Down Stairs to Attic

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Double Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • 2 Car Garage
  • Front Facing Garage

Outdoor Features

  • Patio

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Crestwood Place Pud Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 067087 A00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,224

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 759D
  • MAAR Subdivision Name: YORKSHIRE
  • List Price Per Sq Ft: 112
  • Number Of Stories: 2
  • Price Per Sq Ft: 112.05
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2374
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, 4th of More Bedrooms, 1 1/2 Bath
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedroom 2 Description: Level 2, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 1
  • Fireplace: Masonry, In Living Room, In Primary Bedroom, Gas Starter, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 3
  • Equipment: Range/Oven, Double Oven, Cooktop, Disposal, Dishwasher, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry, Island In Kitchen, W/D Connection in Kitchen
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Pull Down Attic Stairs, Walk-In Attic
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 3
  • Primary Bathroom Description: Double Sinks, Separate Shower, Carpet
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Half Bath, Fireplace

Exterior Features

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

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2
  • Parking Storage: Front-Load Garage

Utilities

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

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Landscaped
  • Lot Number: 2
  • Acreage: 0.12
  • Lot Size: 45X128
  • Price Per Acre: 2208333

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 067087 A00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jul 2, 2021
Sold by
Chapman Rachel Hay and Shanahan Ryan Patrick
Bought by
Malone Shonkilah
Seller's Agent
Alli Echlin
Bluff City Realty Group, LLC
Buyer's Agent
Stacy Johnson
KAIZEN Realty, LLC
List Price
$265,000
Sold Price
$266,000
Premium/Discount to List
$1,000
0.38%
Current Estimated Value
$329,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,105
Avg. Annual Appreciation
5.13%
Original Mortgage
$244,720
Outstanding Balance
$223,962
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$102,764

Purchase Details

Closed on
Feb 23, 2015
Sold by
Shanahan Ava and Hay Ava S
Bought by
Shanahan Ava

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,100
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2002
Sold by
Lewis Michael D
Bought by
Hay Ava S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.21%

Purchase Details

Closed on
Oct 3, 2001
Sold by
Balton Stephen M
Bought by
Balton Beverly B

Purchase Details

Closed on
Dec 16, 1996
Sold by
Durley William Todd and Durley Stephanie A
Bought by
Balton Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.65%
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
Malone Shonkilah $266,000 Realty Title & Escrow Co Inc
Shanahan Ava -- None Available
Shanahan Ava -- None Available
Hay Ava S $200,000 --
Lewis Michael D $184,000 --
Balton Beverly B -- --
Balton Stephen M $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malone Shonkilah $244,720
Previous Owner Shanahan Ava $151,100
Previous Owner Hay Ava S $190,000
Previous Owner Balton Stephen M $160,000
Previous Owner Balton Stephen M $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Sold $266,000 +0.4% $121 / Sq Ft
06/08/2021 06/08/21 For Sale $265,000 -0.4% $120 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
06/02/2021 06/02/21 Off Market $266,000 -- --
05/14/2021 05/14/21 Price Changed $265,000 +3.9% $120 / Sq Ft
05/14/2021 05/14/21 For Sale $255,000 -- $116 / 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 $2,224 $70,150 $10,700 $59,450
2024 $2,224 $65,600 $8,900 $56,700
2023 $3,996 $65,600 $8,900 $56,700
2022 $3,996 $65,600 $8,900 $56,700
2021 $2,263 $65,600 $8,900 $56,700
2020 $3,139 $43,325 $8,900 $34,425
2019 $1,385 $43,325 $8,900 $34,425
2018 $1,385 $43,325 $8,900 $34,425
2017 $1,417 $43,325 $8,900 $34,425
2016 $1,721 $39,375 $0 $0
2014 $1,721 $39,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alli Echlin

    Seller's Agent in 2021

    Alli Echlin

    Bluff City Realty Group, LLC

    (901) 643-1226

    13 in this area

    105 Total Sales

    Section Image
  • Stacy Johnson

    Buyer's Agent in 2021

    Stacy Johnson

    KAIZEN Realty, LLC

    (901) 221-4041

    1 in this area

    35 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10099340

Memphis Area Association of REALTORS®

APN: 06-7087-A0-0002

Tennessee Shelby County Memphis 38119 Colonial Acres

5507 Park Ave, Memphis, TN

This home is located at 5507 Park Ave, Memphis, TN 38119 since 14 May 2021 and is currently estimated at $326,726, approximately $136 per square foot. This property was built in 1989. 5507 Park Ave is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

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