NOT LISTED FOR SALE

5575 Fountain Bay Dr Memphis, TN 38120

East Memphis Neighborhood

Estimated Value: $313,000 - $335,000

3 Beds
2.5 Baths
1,941 Sq Ft
$165/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $300,000 $155 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,976/month

40 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Separate Formal Living Room
  • Richland Elementary School Rated 9+
  • 1 Fireplace
  • Some Wood Windows

About This Home

As of May 2021

This home is located at 5575 Fountain Bay Dr, Memphis, TN 38120 since 10 April 2021 and is currently estimated at $320,715, approximately $165 per square foot. This property was built in 1999. 5575 Fountain Bay Dr is a home located in Shelby County with nearby schools including Richland Elementary School, White Station Middle, and White Station High.

Last Agent to Sell the Property

Peter Ritten

REMAX Experts License #200449 Listed on: 04/10/2021

REMAX Experts

Last Buyer's Agent

Kay Strawn

Crye-Leike, Inc., REALTORS License #228485

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35 x 115
  • Few Trees

HOA Fees

  • $108 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,941 Sq Ft Home
  • 1.5-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Separate Formal Living Room

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Parking

  • 2 Car Garage
  • Front Facing Garage

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Fountain Pointe Pd Phase A 1 Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 068071 B00032

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: FOUNTAIN POINTE PH A-1
  • List Price Per Sq Ft: 154
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1941
  • Year Built: 1999
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Number Of Fireplaces: 1

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Association/Amenities

  • Annual Association Fee: 1300
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 32
  • Acreage: 0.09
  • Lot Size: 35 X 115

Tax Info

  • Assessor Parcel Number: 068071 B00032

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2021
Closed on
May 25, 2021
Sold by
Farrell Priscilla and Farrell Steven M
Bought by
Durham Farra Rae
Seller's Agent
Peter Ritten
REMAX Experts
Buyer's Agent
Kay Strawn
Crye-Leike, Inc., REALTORS
List Price
$298,000
Sold Price
$300,000
Premium/Discount to List
$2,000
0.67%
Current Estimated Value
$322,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,600
Avg. Annual Appreciation
1.48%
Original Mortgage
$285,000
Outstanding Balance
$257,320
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$63,395

Purchase Details

Closed on
Apr 26, 2002
Sold by
Brown Priscilla Reed and Farrell Priscilla
Bought by
Farrell Priscilla and Farrell Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
6.77%

Purchase Details

Closed on
Oct 23, 2001
Sold by
Brown Freddie Joe
Bought by
Brown Priscilla Read

Purchase Details

Closed on
Sep 3, 1999
Sold by
Lenox Homes Llc
Bought by
Brown Fred J and Brown Priscilla R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
7.73%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Durham Farra Rae $300,000 Home Surety T&E Llc
Farrell Priscilla -- --
Brown Priscilla Read -- --
Brown Priscilla Read -- --
Brown Fred J $178,025 Southern Escrow Title Compan
Brown Fred J $178,025 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durham Farra Rae $285,000
Previous Owner Farrell Priscilla $147,500
Previous Owner Brown Fred J $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2021 05/25/21 Sold $300,000 +0.7% $155 / Sq Ft
04/10/2021 04/10/21 For Sale $298,000 -- $154 / 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 $2,053 $80,025 $9,725 $70,300
2024 $2,053 $60,575 $10,100 $50,475
2023 $3,690 $60,575 $10,100 $50,475
2022 $3,690 $60,575 $10,100 $50,475
2021 $2,090 $60,575 $10,100 $50,475
2020 $3,500 $48,300 $10,100 $38,200
2019 $1,544 $48,300 $10,100 $38,200
2018 $1,544 $48,300 $10,100 $38,200
2017 $1,580 $48,300 $10,100 $38,200
2016 $2,000 $45,775 $0 $0
2014 $2,000 $45,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Ritten

    Seller's Agent in 2021

    Peter Ritten

    RE/MAX

    (901) 508-3082

    12 in this area

    28 Total Sales

    Peter Ritten
    Section Image

  • K

    Buyer's Agent in 2021

    Kay Strawn

    Crye-Leike, Inc., REALTORS

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10097299

Memphis Area Association of REALTORS®

APN: 06-8071-B0-0032

Tennessee Shelby County Memphis 38120 East Memphis

5575 Fountain Bay Dr, Memphis, TN

Not Listed for Sale

Detached

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