NOT LISTED FOR SALE

5740 the Forest Gate Rd Memphis, TN 38120

East Memphis Neighborhood

Estimated Value: $1,315,000 - $1,433,101

7 Beds
9 Baths
8,000-8,999 Sq Ft
$151/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $818,000 $91 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,800/month

158 Days on Market

Highlights

  • Detached Guest House
  • Pool House
  • 0.9 Acre Lot
  • White Station Middle Rated A-
  • Garage Apartment
  • Two Primary Bathrooms

About This Home

As of April 2018

Don't miss this rare opportunity to purchase such an incredible amount of real estate on an awesome cove lot in a great E. Memphis location and at a great price!! This custom built stately traditional has high ceilings, large rooms, 3BR, 3.2 BA down, 3BR, 3BA upstairs, 1BR, 1BA and playroom/den w FP in walkout basement are some of the features of this amazing home. Beautiful grounds, a Gunite pool and pool house. May need some updates, but plenty of room at this price. 1 ac. adjacent lot $290K.

Last Agent to Sell the Property

Macky Sneed

Sneed Company, REALTORS License #56996 Listed on: 09/02/2017

Sneed Company, REALTORS

Last Buyer's Agent

Sheldon Rosengarten

Marx-Bensdorf, REALTORS License #53193

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1966

Lot Details

  • 0.9 Acre Lot
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Wooded Lot

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof

Interior Spaces

  • 8,000-8,999 Sq Ft Home
  • 8,835 Sq Ft Home
  • 2.5-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Fireplace Features Masonry
  • Some Wood Windows
  • Window Treatments
  • Two Story Entrance Foyer
  • Living Room with Fireplace
  • 3 Fireplaces
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Bonus Room with Fireplace
  • Play Room
  • Storage Room
  • Laundry Room
  • Walk-Out Basement
  • Attic

Kitchen

  • Double Oven
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • Dressing Area
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • Jack-and-Jill Bathroom
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

  • Monitored
  • Termite Clearance

Parking

  • 3 Car Attached Garage
  • Garage Apartment
  • Side Facing Garage
  • Circular Driveway

Pool

  • Pool House
  • In Ground Pool

Outdoor Features

  • Cove
  • Patio
  • Outdoor Storage

Additional Homes

  • Detached Guest House

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • The Forest Subd Sec B Subdivision
  • Building Fire Alarm

Listing and Financial Details

  • Assessor Parcel Number 056055 00022

Home Details

Home Type

Single Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Ransom Lane
  • MAAR Subdivision Name: FOREST (THE)
  • List Price Per Sq Ft: 101
  • Number Of Stories: 2.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 8835
  • Termite Contract: Yes
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1/2 Bath, 2 or More Baths, Laundry Room, Breakfast Room
  • Second Story Floor Plan: 4th or More Bedrooms, 2 or More Baths, Office
  • Additional Bedroom Bathroom Info: Primary Down, Double Vanity Bath, Separate Tub & Shower, 2 Full Primary Baths, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 8000 - 8999
  • Bedroom 2 Description: Level 1, Private Half Bath, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Private Half Bath, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Level 2, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 5 Description: Level 2, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 7
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Living Room, In Den/Great Room, In Other Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Marble/Terrazzo, Smooth Ceiling, 9 or more Ft. Ceiling, Two Story Foyer
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Equipment: Double Oven, Cooktop, Disposal, Dishwasher, Refrigerator, Separate Ice Maker
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Separate Breakfast Room, Pantry, Island In Kitchen
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Rear Stairs to Playroom, Security System
  • Number Of Fireplaces: 3
  • Other Rooms: Laundry Room, Play Room, In-Law Quarters, Separate Guest House, Entry Hall, Attic, Storage Room
  • Primary Bathroom Description: Double Sinks, Separate Shower, Separate His/ Her Baths, Dressing Area, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Storage Building, Patio, Pool House, Garage Apartment, Wooded Grounds, Well Landscaped Grounds, Wood Fence, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, Wood Window(s)
  • Foundation: Walk-Out Basement
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 3
  • Parking Display: G3A
  • Parking Storage: Driveway/Pad, Circular Drive, Storage Room(s), Side-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), 3 or More Systems, 220 Wiring
  • Heating: Central, Gas, 3 or More Systems
  • Security: Burglar Alarm, Fire Alarm, Monitored Alarm System, Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, 2+ Water Heaters, Public Water, Public Sewer

Lot Info

  • Lot Description: Wooded, Cove, Professionally Landscaped
  • Lot Number: 8
  • Acreage: 0.9
  • Lot Size: 166.47/255.0 X 206.49/178.59

Tax Info

  • Assessor Parcel Number: 056055 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2019
Sold by
Kimball Theodore C
Bought by
Ardestani Allen and Ardestani Sarah
Current Estimated Value
$1,363,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$877,386
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$485,648

Purchase Details

Listed on
Sep 2, 2017
Closed on
Apr 9, 2018
Sold by
Margaret B Robertson And Diversified Tru
Bought by
Ardestani Allen and Ardestani Sarah
Seller's Agent
Macky Sneed
Sneed Company, REALTORS
Buyer's Agent
Sheldon Rosengarten
Marx-Bensdorf, REALTORS
List Price
$890,000
Sold Price
$818,000
Premium/Discount to List
-$72,000
-8.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$750,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2017
Sold by
Evensky Reid D
Bought by
Robertson Margaret B and Diversified Trust Company

Purchase Details

Closed on
Nov 6, 2003
Sold by
Bryce Dorothy D
Bought by
Bryce Dorothy D and Dorothy D Bryce Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ardestani Allen -- None Available
Ardestani Allen $818,000 None Available
Robertson Margaret B -- None Available
Bryce Dorothy D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ardestani Allen $1,000,000
Previous Owner Ardestani Allen $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2018 04/09/18 Sold $818,000 -8.1% $102 / Sq Ft
02/07/2018 02/07/18 Pending -- -- --
09/02/2017 09/02/17 For Sale $890,000 -- $111 / 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 $8,072 $305,400 $84,350 $221,050
2024 $8,072 $238,100 $63,275 $174,825
2023 $14,504 $238,100 $63,275 $174,825
2022 $14,504 $238,100 $63,275 $174,825
2021 $16,420 $266,425 $63,275 $203,150
2020 $15,182 $209,525 $63,275 $146,250
2019 $16,005 $220,875 $63,275 $157,600
2018 $16,005 $220,875 $63,275 $157,600
2017 $9,489 $230,875 $63,275 $167,600
2016 $8,740 $200,000 $0 $0
2014 $9,727 $222,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Macky Sneed

    Seller's Agent in 2018

    Macky Sneed

    Sneed Company, REALTORS

    (901) 312-4591

    12 in this area

    28 Total Sales

    Macky Sneed
    Section Image
  • Sheldon Rosengarten

    Buyer's Agent in 2018

    Sheldon Rosengarten

    Marx-Bensdorf, REALTORS

    (901) 755-5222

    39 in this area

    187 Total Sales

    Sheldon Rosengarten
    Section Image

  • B

    Buyer Co-Listing Agent in 2018

    Barby Perlberg

    Marx-Bensdorf, REALTORS

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10010633

Memphis Area Association of REALTORS®

APN: 05-6055-0-0022

Tennessee Shelby County Memphis 38120 East Memphis

5740 the Forest Gate Rd, Memphis, TN

Not Listed for Sale

Detached

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