NOT LISTED FOR SALE

703 Meditation Ln Memphis, TN 38103

South Main Neighborhood

Estimated Value: $450,000 - $544,000

2 Beds
4 Baths
1,400-1,599 Sq Ft
$316/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $534,900 $335 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,071/month

4 Days on Market

Highlights

  • New Construction
  • Gated Community
  • Contemporary Architecture
  • Gated Parking
  • Landscaped Professionally
  • Marble Flooring

About This Home

As of March 2024

This home is located at 703 Meditation Ln, Memphis, TN 38103 since 01 March 2024 and is currently estimated at $504,546, approximately $360 per square foot. This property was built in 2023. 703 Meditation Ln is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Memphis Scholars Florida Kansas.

Last Agent to Sell the Property

Marija Tomic

ResiAmerica, Inc. License #375537 Listed on: 03/01/2024

Last Buyer's Agent

Marija Tomic

ResiAmerica, Inc. License #375537 Listed on: 03/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,389

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 25 x 54.04
  • Landscaped Professionally
  • Level Lot

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,500 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Some Wood Windows
  • Living Room with Fireplace
  • Home Office
  • Laundry closet

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

  • Burglar Security System
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • Gated Parking

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 012051 00018

Community Details

Overview

  • Mid-Rise Condominium
  • Caroline Terrace Subdivision
  • Mandatory home owners association

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,389

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Contemporary
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • MLS Map #: 745D
  • MAAR Subdivision Name: CAROLINE TERRACE
  • Est Date Of Completion: 03/12/2024
  • Number Of Stories: 3
  • Price Per Sq Ft: 356.6
  • Prop Construction Status: New Construction (Never Occupied)
  • Estimated Sq Ft: 1500
  • Year Built: 2023
  • List Price/ Sq Ft: 357
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • First Story Floor Plan: 1/2 Bath, Office
  • Second Story Floor Plan: Living Room, Kitchen, 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Private Full Bath, Hardwood Floor
  • Bedrooms: 2
  • Fireplace: Ventless Gas Fireplace, In Living Room
  • Floors/Ceilings: Hardwood Throughout, Marble/Terrazzo
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Equipment: Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Island In Kitchen
  • Misc Interior: Walk-In Closet(s), Security System, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2.2
  • Primary Bathroom Description: Double Sinks, Separate Shower, Tile Floor
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Balcony, Well Landscaped Grounds
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad, Garage Door Opener(s), Front-Load Garage, Gated Parking, Gate Clickers

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Burglar Alarm, Smoke Detector(s)
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Annual Association Fee: 1200
  • Neighborhood Amenities: Gated Neighborhood
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Professionally Landscaped
  • Lot Number: 2
  • Acreage: 0.03
  • Lot Size: 25 X 54.04
  • Price Per Acre: 17830000

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 012051 00018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2024
Sold by
Banks Tobin
Bought by
Hamilton Avenue Llc
Current Estimated Value
$504,546

Purchase Details

Listed on
Mar 1, 2024
Closed on
Mar 12, 2024
Sold by
27 W Carolina Llc
Bought by
Banks Tobin
Seller's Agent
Marija Tomic
ResiAmerica, Inc.
Buyer's Agent
Marija Tomic
ResiAmerica, Inc.
List Price
$534,900
Sold Price
$534,900
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.33%
Original Mortgage
$427,920
Interest Rate
6.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Hamilton Avenue Llc $534,900 None Listed On Document
Banks Tobin $534,900 Saddle Creek Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banks Tobin $427,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2024 03/13/24 Sold $534,900 0.0% $382 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $534,900 -- $382 / 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 $3,389 $133,600 $30,000 $103,600
2024 $237 $106,050 $8,775 $97,275
2023 $237 $8,775 $8,775 $0
2022 $535 $8,775 $8,775 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Marija Tomic

    ResiAmerica, Inc.

    (901) 730-8033

    1 in this area

    8 Total Sales

    Marija Tomic
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10167657

Memphis Area Association of REALTORS®

APN: 01-2051-0-0018

Tennessee Shelby County Memphis 38103 South Main

703 Meditation Ln, Memphis, TN

This home is located at 703 Meditation Ln, Memphis, TN 38103 since 01 March 2024 and is currently estimated at $504,546, approximately $315 per square foot. This property was built in 2023. 703 Meditation Ln is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Memphis Scholars Florida Kansas.

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