NOT LISTED FOR SALE

5725 Palo Verde Dr Unit 3 Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $35,000 - $49,000

2 Beds
2 Baths
100-999 Sq Ft
8,712 Sq Ft Lot

Last Sold July 17, 2015

Last sale price $15,000 $15 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $264/month

33 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Breakfast Bar
  • End Unit
  • Den
  • Laundry closet

About This Home

As of July 2015

This home is located at 5725 Palo Verde Dr Unit 3, Memphis, TN 38115 since 02 June 2015 and is currently estimated at $41,764, approximately $417 per square foot. This property was built in 1974. 5725 Palo Verde Dr Unit 3 is a home located in Shelby County with nearby schools including Fox Meadows Elementary School, Wooddale High School, and Cornerstone Prep School.

Last Agent to Sell the Property

Vatresa Word

Delta Realty Group LLC License #263209 Listed on: 06/02/2015

Last Buyer's Agent

George Merryfield

Leco Realty, Inc. License #285635

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $346

Year Built

  • Built in 1974

Lot Details

  • 8,712

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 100-999 Sq Ft Home
  • 990 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Den
  • Iron Doors

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • End Unit
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 074090 A00268

Community Details

Overview

  • Property has a Home Owners Association
  • $170 Maintenance Fee
  • Association fees include exterior insurance, exterior maintenance, grounds maintenance, management fees, parking, trash collection
  • Hamlets Condominium Community
  • The Hamlets Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$346

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, First Floor Flat
  • MLS Map #: 784B
  • MAAR Subdivision Name: HAMLETS (THE)
  • Condo: Yes
  • List Price Per Sq Ft: 19
  • Number Of Stories: 1
  • Price Per Sq Ft: 15.15
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 990
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths
  • 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
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher
  • Living Dining Kitchen: LR/DR Combination, Breakfast Bar, Pantry, Washer/Dryer Connections
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • Primary Bathroom Description: Carpet
  • P R I M A R Y B E D R O O M: Full Bath, Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Tennis Court
  • Exterior Windows: Vinyl Siding
  • Foundation: Slab
  • Pool Description: Neighborhood
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Electric Water Heater

Association/Amenities

  • Condo Amenities: Tennis Court(s)
  • Condo Fees Include: Exterior Insurance, Exterior Maintenance, Grounds Maintenance, Management Fees, Parking, Trash Collection
  • Condominium Association: Yes
  • Condominium Name: Hamlets Condominium
  • Neighborhood Amenities: Pool, Tennis Court

Fee Information

  • Monthly Maintenance Fee: 170

Lot Info

  • Lot Description: Level
  • Lot Number: UNIT156D
  • Acreage: 0.2
  • Price Per Acre: 95000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074090 A00268

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2025
Sold by
Ruby Romero Realty Llc
Bought by
Flemings Marques and Flemings Zanielle
Total Days on Market
33
Current Estimated Value
$41,764

Purchase Details

Listed on
Jun 2, 2015
Closed on
Jul 17, 2015
Sold by
Jones Davina C
Bought by
Ruby Romero Realty Llc
Seller's Agent
Vatresa Word
Delta Realty Group LLC
Buyer's Agent
George Merryfield
Leco Realty, Inc.
List Price
$19,000
Sold Price
$15,000
Premium/Discount to List
-$4,000
-21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%

Purchase Details

Closed on
Nov 20, 1998
Sold by
Davidson Peggy Nell
Bought by
Hud

Purchase Details

Closed on
May 31, 1996
Sold by
Guy Brenda Carolyn
Bought by
Morris Gregory L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200
Interest Rate
8%
Source: Public Records

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Range of Values:

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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
Flemings Marques $32,000 Tca Title Llc
Ruby Romero Realty Llc $15,000 Multiple
Hud $47,500 --
Morris Gregory L $39,902 Security Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Davina C $25,414
Previous Owner Morris Gregory L $2,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2015 07/17/15 Sold $15,000 -21.1% $150 / Sq Ft
07/05/2015 07/05/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $19,000 -- $190 / 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 $346 $14,840 $1,520 $13,320
2024 $346 $10,200 $1,520 $8,680
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 $273 $6,250 $0 $0
2014 $353 $8,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2015

    Vatresa Word

    Delta Realty Group LLC

    (901) 453-0677

    14 Total Sales

    Vatresa Word
    Section Image

  • G

    Buyer's Agent in 2015

    George Merryfield

    Leco Realty, Inc.

    (901) 289-6772

    19 Total Sales

    George Merryfield
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9953514

Memphis Area Association of REALTORS®

APN: 07-4090-A0-0268

Tennessee Shelby County Memphis 38115 Fox Meadows

5725 Palo Verde Dr Unit 3, Memphis, TN

This home is located at 5725 Palo Verde Dr Unit 3, Memphis, TN 38115 since 02 June 2015 and is currently estimated at $41,764, approximately $41 per square foot. This property was built in 1974. 5725 Palo Verde Dr Unit 3 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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