NOT LISTED FOR SALE

5592 Gates Cove Unit 34 Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $52,000 - $56,000

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

Last Sold July 15, 2020

Last sale price $26,000 $16 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $314/month

2 Days on Market

Highlights

  • Gated Community
  • Traditional Architecture
  • Separate Formal Living Room
  • Clubhouse
  • 1 Fireplace
  • Tile Flooring

About This Home

As of July 2020

This spacious 2 bedroom, 1.5 bath condo needs a little TLC to make it sparkle again. Don't let this steal of a deal slip away. Currently tenant occupied at $700 per month; tenant is month to month. Rents in the area are typically $800 per month. Monthly HOA's are $210 per month.

Last Agent to Sell the Property

Deborah Williams

4 Success Realty, LLC License #294304 Listed on: 07/07/2020

Last Buyer's Agent

Deborah Williams

4 Success Realty, LLC License #294304 Listed on: 07/07/2020

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $201

Year Built

  • Built in 1975

Lot Details

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

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,239 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Dining Room
  • Iron Doors

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 074089 C00054

Community Details

Overview

  • Property has a Home Owners Association
  • $210 Maintenance Fee
  • Association fees include exterior insurance, grounds maintenance, parking, water/sewer
  • 5 Units
  • The Clarke Address Community
  • Clarke Address Condominiums The 1St Amen Subdivision
  • Property managed by 4 Success Realty

Additional Features

  • Clubhouse
  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$201

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Town House
  • Detached Unit Type: General Residential
  • Cross Street: Mt. Moriah
  • MLS Map #: 784B
  • MAAR Subdivision Name: CLARKE ADDRESS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 20
  • Number Of Stories: 2
  • Price Per Sq Ft: 20.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1239
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Carpet, Level 2
  • Bedrooms: 2
  • Floors/Ceilings: Wall to Wall Carpet, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Carpet, Level 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Aluminum Window(s)

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Sewer, Public Water

Association/Amenities

  • Condo Amenities: Clubhouse
  • Condo Fees Include: Exterior Insurance, Grounds Maintenance, Parking, Water/Sewer
  • Condominium Association: Yes
  • Condominium Name: The Clarke Address
  • Management Company: 4 Success Realty
  • Neighborhood Amenities: Gated Neighborhood

Fee Information

  • Monthly Maintenance Fee: 210

Lot Info

  • Lot Number: UNIT 34
  • Acreage: 0.22
  • Lot Size: 80X120
  • Price Per Acre: 113636

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074089 C00054

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Jul 15, 2020
Sold by
Clarke Address Inc
Bought by
Wallace Christina
Seller's Agent
Deborah Williams
4 Success Realty, LLC
Buyer's Agent
Deborah Williams
4 Success Realty, LLC
List Price
$25,000
Sold Price
$26,000
Premium/Discount to List
$1,000
4%
Current Estimated Value
$54,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,560
Avg. Annual Appreciation
19.11%

Purchase Details

Closed on
Jul 28, 2006
Sold by
Mull Ashley
Bought by
The Clarke Adress Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
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
Wallace Christina $25,000 Preferred Title & Escrow
The Clarke Adress Inc $4,170 Attorney
Mull Ashley $47,000 Ctc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mull Ashley $47,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $26,000 +4.0% $19 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $25,000 -- $18 / 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 $201 $7,375 $1,125 $6,250
2024 $201 $5,925 $1,125 $4,800
2023 $361 $5,925 $1,125 $4,800
2022 $361 $5,925 $1,125 $4,800
2021 $429 $5,925 $1,125 $4,800
2020 $389 $5,375 $1,125 $4,250
2019 $172 $5,375 $1,125 $4,250
2018 $172 $5,375 $1,125 $4,250
2017 $176 $5,375 $1,125 $4,250
2016 $217 $4,975 $0 $0
2014 $217 $4,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Deborah Williams

    4 Success Realty, LLC

    (901) 359-6968

    2 in this area

    173 Total Sales

    Deborah Williams
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10080150

Memphis Area Association of REALTORS®

APN: 07-4089-C0-0054

Tennessee Shelby County Memphis 38115 Fox Meadows

5592 Gates Cove Unit 34, Memphis, TN

This home is located at 5592 Gates Cove Unit 34, Memphis, TN 38115 since 07 July 2020 and is currently estimated at $54,560, approximately $34 per square foot. This property was built in 1975. 5592 Gates Cove Unit 34 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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