NOT LISTED FOR SALE

5983 Lofty Oak Rd Unit 53 Memphis, TN 38115

Hickory Hill Neighborhood

Estimated Value: $71,489 - $97,000

3 Beds
2.5 Baths
1,400-1,599 Sq Ft
9,583 Sq Ft Lot

Last Sold May 21, 2019

Last sale price $67,500 $42 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $500/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Den
  • Wood Flooring
  • Separate Formal Living Room
  • Breakfast Room

About This Home

As of May 2019

Very large 3 bedroom, 2.5 bath town home completely renovated new floors, new carpet, new stove, microwave, dish washer. New bathrooms, paint, Lights etc.. Won't last long!!!!!! Drastic reduction Sell,Sell,SELL Will Rent for $1000. per month Back on the market----Contract failed Up to 5% closing cost.

Last Agent to Sell the Property

Tommie McKinney

BEST Real Estate Company License #273476 Listed on: 01/22/2019

BEST Real Estate Company

Last Buyer's Agent

Lisa Nelson

Exit Wise Master-Builders Real License #317415

Exit Wise Master-Builders Real

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $377

Year Built

  • Built in 1973

Lot Details

  • Wood Fence
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,618 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Separate Formal Living Room
  • Breakfast Room
  • Den
  • Storage Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Property has a Home Owners Association
  • Heritage Trails Townhouse Development Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093106 D00053

Property Details

Home Type

Condominium

Est. Annual Taxes

$377

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • MLS Map #: 784B
  • MAAR Subdivision Name: HERITAGE TRAILS TOWNHOUSES
  • Condo: Yes
  • List Price Per Sq Ft: 42
  • Number Of Stories: 2
  • Price Per Sq Ft: 41.72
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1618
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Den, Separate Breakfast Room, Pantry
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2.1

Exterior Features

  • Misc Exterior: Patio, Wood Fence
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2
  • Parking Storage: Storage Room(s), Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Electric Heat Pump

Association/Amenities

  • Condominium Association: Yes

Lot Info

  • Lot Description: Some Trees
  • Lot Number: UNIT 53
  • Acreage: 0.22
  • Price Per Acre: 306818

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 093106 D00053

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2019
Closed on
May 20, 2019
Sold by
Mckinney Sharon and Mckinney Tommie
Bought by
Winters Timothy Benard
Seller's Agent
Tommie McKinney
BEST Real Estate Company
Buyer's Agent
Lisa Nelson
Exit Wise Master-Builders Real
List Price
$83,500
Sold Price
$67,500
Premium/Discount to List
-$16,000
-19.16%
Current Estimated Value
$88,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,872
Avg. Annual Appreciation
4.32%
Original Mortgage
$64,125
Outstanding Balance
$56,264
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$32,108

Purchase Details

Closed on
Oct 26, 2018
Sold by
Jones Debra and Jones Sharee S
Bought by
Mckinney Tommie and Mckinney Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 7, 2013
Closed on
Mar 19, 2013
Sold by
Fannie Mae
Bought by
Jones James L
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$24,000
Sold Price
$22,000
Premium/Discount to List
-$2,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%

Purchase Details

Closed on
Jun 4, 2007
Sold by
Wilkes Tremon
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 2007
Sold by
Household Financial Center Inc
Bought by
Wilkes Tremon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2006
Sold by
Scholl Christel and Scholl Jason
Bought by
Household Financial Center Inc

Purchase Details

Closed on
Feb 27, 2004
Sold by
Higgins Elton C and Higgins Annie P
Bought by
Scholl Jason and Scholl Christel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,800
Interest Rate
10.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 1997
Sold by
Spellman John R
Bought by
Higgins Elton C and Higgins Annie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,647
Interest Rate
7.98%
Mortgage Type
FHA
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
Winters Timothy Benard $67,500 Preferred Title & Escrow Llc
Mckinney Tommie $30,000 Preferred Title & Escrow Llc
Jones James L $22,000 None Available
Federal National Mortgage Association $44,446 None Available
Wilkes Tremon $51,000 Landcastle Title Llc
Household Financial Center Inc $62,928 None Available
Scholl Jason $68,000 Stewart Title
Higgins Elton C $56,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winters Timothy Benard $64,125
Previous Owner Mckinney Tommie $24,000
Previous Owner Wilkes Tremon $51,000
Previous Owner Scholl Jason $57,800
Previous Owner Higgins Elton C $55,647
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2019 05/21/19 Sold $67,500 0.0% $48 / Sq Ft
04/05/2019 04/05/19 Price Changed $67,500 -6.9% $48 / Sq Ft
03/21/2019 03/21/19 Price Changed $72,500 +10.7% $52 / Sq Ft
02/02/2019 02/02/19 Price Changed $65,500 -21.6% $47 / Sq Ft
01/28/2019 01/28/19 For Sale $83,500 +23.7% $60 / Sq Ft
01/27/2019 01/27/19 Off Market $67,500 -- --
01/22/2019 01/22/19 For Sale $83,500 +279.5% $60 / Sq Ft
03/20/2013 03/20/13 Sold $22,000 -8.3% $14 / Sq Ft
03/07/2013 03/07/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $24,000 -- $15 / 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 $377 $17,700 $1,625 $16,075
2024 $377 $11,125 $1,625 $9,500
2023 $678 $11,125 $1,625 $9,500
2022 $678 $11,125 $1,625 $9,500
2021 $686 $11,125 $1,625 $9,500
2020 $489 $6,750 $1,625 $5,125
2019 $216 $6,750 $1,625 $5,125
2018 $216 $6,750 $1,625 $5,125
2017 $221 $6,750 $1,625 $5,125
2016 $535 $12,250 $0 $0
2014 $535 $12,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Tommie McKinney

    BEST Real Estate Company

    (901) 650-1682

    2 in this area

    14 Total Sales

    Tommie McKinney
    Section Image
  • Lisa Nelson

    Buyer's Agent in 2019

    Lisa Nelson

    Exit Wise Master-Builders Real

    (901) 246-5395

    1 in this area

    97 Total Sales

    Lisa Nelson
    Section Image
  • Jimmie Tapley

    Seller's Agent in 2013

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    1 in this area

    259 Total Sales

    Jimmie Tapley
    Section Image

  • N

    Buyer's Agent in 2013

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10044368

Memphis Area Association of REALTORS®

APN: 09-3106-D0-0053

Tennessee Shelby County Memphis 38115 Hickory Hill

5983 Lofty Oak Rd Unit 53, Memphis, TN

This home is located at 5983 Lofty Oak Rd Unit 53, Memphis, TN 38115 since 22 January 2019 and is currently estimated at $88,372, approximately $55 per square foot. This property was built in 1973. 5983 Lofty Oak Rd Unit 53 is a home located in Shelby County with nearby schools including Fox Meadows Elementary School, Ridgeway Middle School, and Ridgeway High School.

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