NOT LISTED FOR SALE

6720 Majestic Oak Place Unit 3 Memphis, TN 38120

River Oaks Neighborhood

Estimated Value: $118,000 - $133,000

2 Beds
2 Baths
1,000-1,199 Sq Ft
871 Sq Ft Lot

Last Sold July 27, 2016

Last sale price $52,500 $44 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $710/month

Highlights

  • In Ground Pool
  • Clubhouse
  • End Unit
  • White Station High Rated A
  • Traditional Architecture
  • Detached Garage

About This Home

As of July 2016

Located in sought after area. Priced to Sale, Sold as Is

Last Agent to Sell the Property

Carolyn Covington

Adaro Realty, Inc. License #308127 Listed on: 05/16/2016

Last Buyer's Agent

Carolyn Covington

Adaro Realty, Inc. License #308127 Listed on: 05/16/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $615

Year Built

  • Built in 1978

Lot Details

  • 871

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 938 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Washer and Dryer Hookup

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Detached Garage
  • On-Site Parking for Rent
  • Parking Lot

Outdoor Features

  • In Ground Pool
  • Courtyard
  • Porch

Additional Features

  • End Unit
  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 080008 M00243

Community Details

Overview

  • Property has a Home Owners Association
  • $130 Maintenance Fee
  • Association fees include trash collection, grounds maintenance
  • Whispering Oaks Condo Subdivision

Additional Features

  • Clubhouse
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$615

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, First Floor Flat
  • MLS Map #: 782F
  • MAAR Subdivision Name: RIVER OAKS
  • Condo: Yes
  • List Price Per Sq Ft: 62
  • Number Of Stories: 1
  • Price Per Sq Ft: 55.97
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 938
  • Year Built: 1978
  • Special Features: 12
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Washer/Dryer Connections
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Vinyl Siding, Aluminum Window(s), Storm Door(s)
  • Pool Description: In Ground

Garage/Parking

  • Attached Detached Parking: Detached
  • Parking Display: 0D
  • Parking Storage: Parking Lot, Rent Parking Space

Utilities

  • Cooling: Central
  • Heating: Central, Electric

Association/Amenities

  • Condo Amenities: Clubhouse, Courtyard
  • Condo Fees Include: Trash Collection, Grounds Maintenance
  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 130

Lot Info

  • Acreage: 0.02
  • Price Per Acre: 2900000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 080008 M00243

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2016
Closed on
Jul 26, 2016
Sold by
Warren Mary Candace
Bought by
Kail Danny W and Kail Soheila N
Seller's Agent
Carolyn Covington
Adaro Realty, Inc.
Buyer's Agent
Carolyn Covington
Adaro Realty, Inc.
List Price
$58,000
Sold Price
$52,500
Premium/Discount to List
-$5,500
-9.48%
Current Estimated Value
$123,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,177
Avg. Annual Appreciation
9.36%

Purchase Details

Closed on
Sep 30, 2008
Sold by
Brooks Jeffrey A
Bought by
Warren Mary Candace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,263
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2007
Sold by
Beebe David E and Beebe Robin R
Bought by
Brooks Jeffrey A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2006
Sold by
South Robert L and South Nancy
Bought by
Beebe David E and Beebe Robin R

Purchase Details

Closed on
Jul 28, 2005
Sold by
Springs Robert C and Springs Kathryn E
Bought by
South Robert L and South Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
4.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Kail Danny W $52,500 Preferred Title & Escrow Llc
Warren Mary Candace $87,900 None Available
Brooks Jeffrey A $82,500 None Available
Beebe David E $80,000 None Available
South Robert L $76,500 Realty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Warren Mary Candace $85,263
Previous Owner Warren Mary Candace $2,637
Previous Owner Brooks Jeffrey A $66,000
Previous Owner Brooks Jeffrey A $12,375
Previous Owner South Robert L $61,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2016 07/27/16 Sold $52,500 -9.5% $53 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $58,000 -- $58 / 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 $615 $30,350 $2,100 $28,250
2024 $615 $18,150 $2,100 $16,050
2023 $1,106 $18,150 $2,100 $16,050
2022 $1,106 $18,150 $2,100 $16,050
2021 $1,119 $18,150 $2,100 $16,050
2020 $996 $13,750 $2,100 $11,650
2019 $996 $13,750 $2,100 $11,650
2018 $996 $13,750 $2,100 $11,650
2017 $565 $13,750 $2,100 $11,650
2016 $546 $12,500 $0 $0
2014 $546 $12,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Carolyn Covington

    Adaro Realty, Inc.

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9977468

Memphis Area Association of REALTORS®

APN: 08-0008-M0-0243

Tennessee Shelby County Memphis 38120 River Oaks

6720 Majestic Oak Place Unit 3, Memphis, TN

This home is located at 6720 Majestic Oak Place Unit 3, Memphis, TN 38120 since 16 May 2016 and is currently estimated at $123,677, approximately $103 per square foot. This property was built in 1978. 6720 Majestic Oak Place Unit 3 is a home located in Shelby County with nearby schools including Balmoral Ridgeway Elementary School, Ridgeway Middle School, and White Station High.

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