NOT LISTED FOR SALE

5725 Palo Verde Dr Unit 1 Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $35,000 - $52,000

2 Beds
2 Baths
100-999 Sq Ft
2,570 Sq Ft Lot

Last Sold July 26, 2013

Last sale price $10,700 $11 Per Sq Ft

Est. 330% increase in value since last sale

Current estimated payment $276/month

11 Days on Market

Highlights

  • Contemporary Architecture
  • Storage Room
  • Tile Flooring
  • Walk-In Closet
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of July 2013

This nice Condo is a downstairs unit that has 2 bedrooms and 2 baths with plenty of storage, covered patio,and strong condo association.

Last Agent to Sell the Property

Jennifer Sullivan

Real Estate Network License #262546 Listed on: 06/10/2013

Co-Listed By

R Darnell Tate

Byrd Realty Services, LLC License #224841

Last Buyer's Agent

Mary Elrod

Capstone Realty Services License #288526

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $216

Year Built

  • Built in 1973

Lot Details

  • 2,570

Parking

  • Assigned Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 972 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Storage Room
  • Laundry closet

Flooring

  • Partially Carpeted
  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • $170 Maintenance Fee
  • Association fees include water/sewer, exterior maintenance, grounds maintenance
  • The Hamlets Community
  • The Hamlets Subdivision
  • Property managed by Heckle

Listing and Financial Details

  • Assessor Parcel Number 074090 A00269

Property Details

Home Type

Condominium

Est. Annual Taxes

$216

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Contemporary
  • Attached Unit Type: First Floor Flat
  • Cross Street: SONORA
  • MLS Map #: 784B
  • MAAR Subdivision Name: HAMLETS (THE)
  • Condo: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 11.01
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 972
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Tile, Vinyl Floor
  • Full Bathrooms: 2
  • Living Dining Kitchen: LR/DR Combination
  • Other Rooms: Laundry Closet, Storage Room
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath

Garage/Parking

  • Parking Storage: Assigned Parking

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condo Fees Include: Water/Sewer, Exterior Maintenance, Grounds Maintenance
  • Condominium Association: Yes
  • Condominium Name: The Hamlets
  • Management Company: Heckle

Fee Information

  • Monthly Maintenance Fee: 170

Lot Info

  • Lot Number: UNIT157D
  • Price Per Acre: 50000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074090 A00269

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Ward Terrence Lee
Bought by
Ramos Jose Rolando
Total Days on Market
11
Current Estimated Value
$46,060

Purchase Details

Closed on
Aug 23, 2012
Sold by
Helton Sandra C
Bought by
Secretary Of The Department Of Housing A

Purchase Details

Closed on
Feb 23, 2001
Sold by
Blackburn Vincent D
Bought by
Helton Sandra C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,738
Interest Rate
7.09%
Mortgage Type
FHA
Source: Public Records

Similar Homes in Memphis, TN

  • 3229 13 Colony Mall, Memphis, TN 38115

    $42,000

    • 1 Bed
    • 1 Bath
    • 100+ Sq Ft
    • 3229 13 Colony Mall
    • Memphis, TN

    INVESTOR SPECIAL! Add this long-term tenant-occupied property to your portfolio! $550/month rental income. The average rental rate of comparable condos is $750/month! So much potential! Tenant has lease in place; buyer must maintain the remainder of it. Tenant intends to stay long-term. DO NOT DISTURB TENANT.

    Sydney Carty Coldwell Banker Collins-Maury

    Section Image
  • 3246 S Mendenhall Rd Unit 3A, Memphis, TN 38115

    $34,900

    • 2 Beds
    • 2 Baths
    • 1,000+ Sq Ft
    • 3246 S Mendenhall Rd
    • Unit 3A
    • Memphis, TN

    Tenant's current rent is $1,000. Downstairs unit, Good investment opportunity, Currently occupied. Please do not disturb tenant. Sold As-is

    Cortney Lester Franchise Realty, LLC

    Section Image
  • 3439 Club Bridge Dr Unit 5, Memphis, TN 38118

    $40,000

    • 2 Beds
    • 1.5 Baths
    • 1,000+ Sq Ft
    • 3439 Club Bridge Dr
    • Unit 5
    • Memphis, TN

    This 2-bedroom, 1.5-bathroom condo is the perfect investment property! Currently tenant-occupied, generating $850/month in rental income, this unit provides immediate cash flow for investors. The condo features a functional layout with spacious bedrooms, a comfortable living space, and a convenient half-bath in addition to the full bathroom. Whether you're looking to expand your rental portfolio

    Tonja Pryor Assured Real Estate Services

    Section Image
See All Homes in Memphis

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ramos Jose Rolando -- None Listed On Document
Secretary Of The Department Of Housing A $29,650 None Available
Helton Sandra C $29,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Helton Sandra C $28,738
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2013 07/26/13 Sold $10,700 +7.0% $107 / Sq Ft
06/21/2013 06/21/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $10,000 -- $100 / 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 $216 $9,275 $950 $8,325
2024 $216 $6,375 $950 $5,425
2023 $388 $6,375 $950 $5,425
2022 $388 $6,375 $950 $5,425
2021 $393 $6,375 $950 $5,425
2020 $344 $4,750 $950 $3,800
2019 $344 $4,750 $950 $3,800
2018 $344 $4,750 $950 $3,800
2017 $195 $4,750 $950 $3,800
2016 $353 $8,075 $0 $0
2014 $353 $8,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jennifer Sullivan

    Real Estate Network

  • R

    Seller Co-Listing Agent in 2013

    R Darnell Tate

    Byrd Realty Services, LLC

    Section Image
  • Mary Elrod

    Buyer's Agent in 2013

    Mary Elrod

    Capstone Realty Services

    (901) 832-5652

    29 Total Sales

    Mary Elrod
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3273623

Memphis Area Association of REALTORS®

APN: 07-4090-A0-0269

Tennessee Shelby County Memphis 38115 Fox Meadows

5725 Palo Verde Dr Unit 1, Memphis, TN

This home is located at 5725 Palo Verde Dr Unit 1, Memphis, TN 38115 since 10 June 2013 and is currently estimated at $46,060, approximately $46 per square foot. This property was built in 1973. 5725 Palo Verde Dr Unit 1 is a home located in Shelby County with nearby schools including Fox Meadows Elementary School, Wooddale High School, and Cornerstone Prep School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes