NOT LISTED FOR SALE

5585 Gates Cove Unit 43 Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $42,000 - $63,840

2 Beds
2.5 Baths
1,400-1,599 Sq Ft
$34/Sq Ft Est. Value

Last Sold January 28, 2023

Last sale price $62,900 $39 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $311/month

114 Days on Market

Highlights

  • Garage Apartment
  • Traditional Architecture
  • Separate Formal Living Room
  • Clubhouse
  • 1 Fireplace
  • Patio

About This Home

As of January 2023

Charming, move in ready 2bed 2.5bath condo. Property has new carpet and fresh paint. A new bath room shower and vanity. Don't let this one pass you by !!!

Last Agent to Sell the Property

Clarence Rivers

Crye-Leike, Inc., REALTORS License #333840 Listed on: 09/30/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Teresa Coop

Coldwell Banker Collins-Maury License #304643

Coldwell Banker Collins-Maury

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $223

Year Built

  • Built in 1973

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 80x120
  • Wood Fence

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,522 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Separate Formal Living Room
  • Dining Room

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Remodeled Bathroom

Parking

  • 1 Parking Space
  • Garage Apartment
  • Assigned Parking

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 074089 C00045

Community Details

Overview

  • Property has a Home Owners Association
  • $210 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance
  • Clarke Address Condominiums The 1St Amen Subdivision

Amenities

  • Clubhouse

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$223

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Town House
  • Detached Unit Type: General Residential
  • MLS Map #: 784B
  • MAAR Subdivision Name: CLARKE ADDRESS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 41
  • Number Of Stories: 2
  • Price Per Sq Ft: 41.33
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1522
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up, Renovated Bathroom, Half Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 2
  • Floors/Ceilings: Wall to Wall Carpet, Wood Laminate Floors
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2.1

Exterior Features

  • Misc Exterior: Patio, Garage Apartment, Wood Fence
  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Assigned Parking

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condo Amenities: Clubhouse
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance
  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 210

Lot Info

  • Lot Number: UNIT 43
  • Acreage: 0.22
  • Lot Size: 80X120
  • Price Per Acre: 285909

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074089 C00045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2022
Closed on
Feb 28, 2023
Sold by
Wilkins-Dandridge Stacie
Bought by
Hayes Reniere A
Seller's Agent
Clarence Rivers
Crye-Leike, Inc., REALTORS
Buyer's Agent
Teresa Coop
Coldwell Banker Collins-Maury
List Price
$65,900
Sold Price
$62,900
Premium/Discount to List
-$3,000
-4.55%
Views
76
Current Estimated Value
$54,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,940
Avg. Annual Appreciation
-4.87%
Original Mortgage
$64,787
Outstanding Balance
$62,760
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
-$7,800

Purchase Details

Listed on
Jan 10, 2014
Closed on
Apr 1, 2014
Sold by
Littles Minnie
Bought by
Wilkins Stacie
Seller's Agent
James Walker
REMAX Experts
Buyer's Agent
James Walker
REMAX Experts
List Price
$15,000
Sold Price
$14,000
Premium/Discount to List
-$1,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.55%

Purchase Details

Closed on
Oct 29, 2010
Sold by
Fannie Mae
Bought by
Littles Minnie

Purchase Details

Closed on
Sep 3, 2010
Sold by
Higgins Christopher C
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 29, 1999
Sold by
Spencer Dianne J
Bought by
Higgins Christopher C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,400
Interest Rate
7.76%

Purchase Details

Closed on
May 24, 1996
Sold by
Finsness Russell E and Finsness Kenneth H
Bought by
Fugler Dianne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,600
Interest Rate
8.05%
Source: Public Records

Range of Values:

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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
Hayes Reniere A $62,900 Realty Title
Wilkins Stacie $14,000 Southern Trust Title Co
Littles Minnie $12,500 None Available
Federal National Mortgage Association $48,085 None Available
Higgins Christopher C $49,900 --
Fugler Dianne J $41,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayes Reniere A $64,787
Previous Owner Higgins Christopher C $48,400
Previous Owner Fugler Dianne J $40,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2023 01/28/23 Sold $62,900 0.0% $45 / Sq Ft
01/22/2023 01/22/23 Pending -- -- --
11/22/2022 11/22/22 Price Changed $62,900 -4.6% $45 / Sq Ft
11/22/2022 11/22/22 For Sale $65,900 0.0% $47 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
09/30/2022 09/30/22 For Sale $65,900 +370.7% $47 / Sq Ft
04/02/2014 04/02/14 Sold $14,000 -6.7% $10 / Sq Ft View Prior Sale
02/25/2014 02/25/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $15,000 -- $11 / 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 $223 $10,450 $1,125 $9,325
2024 $223 $6,575 $1,125 $5,450
2023 $401 $6,575 $1,125 $5,450
2022 $401 $6,575 $1,125 $5,450
2021 $405 $6,575 $1,125 $5,450
2020 $429 $5,925 $1,125 $4,800
2019 $429 $5,925 $1,125 $4,800
2018 $429 $5,925 $1,125 $4,800
2017 $244 $5,925 $1,125 $4,800
2016 $272 $6,225 $0 $0
2014 $272 $6,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Clarence Rivers

    Crye-Leike

    Section Image

  • T

    Buyer's Agent in 2023

    Teresa Coop

    Coldwell Banker Collins-Maury

    (901) 605-8978

    3 in this area

    57 Total Sales

    Teresa Coop
    Section Image
  • James Walker

    Seller's Agent in 2014

    James Walker

    RE/MAX

    (901) 503-8044

    1 in this area

    97 Total Sales

    James Walker
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10134588

Memphis Area Association of REALTORS®

APN: 07-4089-C0-0045

Tennessee Shelby County Memphis 38115 Fox Meadows

5585 Gates Cove Unit 43, Memphis, TN

This home is located at 5585 Gates Cove Unit 43, Memphis, TN 38115 since 30 September 2022 and is currently estimated at $54,960, approximately $34 per square foot. This property was built in 1973. 5585 Gates Cove Unit 43 is a home located in Shelby County with nearby schools including Fox Meadows Elementary School, Wooddale High School, and Cornerstone Prep School.

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