$241,994
SOLD SEP 22, 2016

Artesian 717 S Riverside Dr Unit 408 Memphis, TN 38103

South Main Neighborhood
2 Beds
2 Baths
1,200-1,399 Sq Ft
6 Acres

Recently Sold

$173 Per Sq Ft

3% Above List Price

Highlights

  • Water Views
  • Newly Remodeled
  • Updated Kitchen
  • Fitness Center
  • In Ground Pool
  • 5-minute walk to Martyrs Park

About This Home

As of February 2021

Welcome to The Artesian Metropolitan Residences! This 16-story high rise offers stunning, contemporary condos, sweeping views, and dozens of amenities. The building boasts indoor & outdoor pools, a rooftop deck with majestic river views, tennis court, bike storage, event kitchens, workout facility, yoga room, pet park, and more. All units have gas ranges, stainless appliances, 10' ceilings, exterior porches. Shown BY APPOINTMENT: Mon, Thurs, Fri 10-6; Sat 11-4; Sun 1-4.

Last Agent to Sell the Property

Ashley Bonds

Marx-Bensdorf, REALTORS License #307394 Listed on: 04/28/2016

Co-Listed By

Mike Parker

The Firm License #284810

Last Buyer's Agent

Nan Rountree

Crye-Leike, Inc., REALTORS License #328265

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,071

Year Built

  • Built in 2007 | Newly Remodeled

Lot Details

  • Dog Run
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Built-Up Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,343 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Storage Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Home Security

Parking

  • 2 Car Detached Garage
  • Guest Parking

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Deck
  • Patio
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002086 C00033

Community Details

Overview

  • Property has a Home Owners Association
  • $396 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • 143 Units
  • High-Rise Condominium
  • The Artesian Community
  • Artesian Condominiums Subdivision
  • Property managed by Downtown Condo Conn

Amenities

  • Trash Chute

Recreation

  • Tennis Courts

Security

  • Security Guard
  • Building Fire Alarm
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,071

Year Built

Built in 2007 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Contemporary
  • Attached Unit Type: High Rise (7+ Stories)
  • Detached Unit Type: General Residential
  • Cross Street: Channel 3 Drive
  • MLS Map #: 745A
  • MAAR Subdivision Name: ARTESIAN CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 175
  • Number Of Stories: 1
  • Price Per Sq Ft: 180.19
  • Prop Construction Status: New Construction (Never Occupied)
  • Estimated Sq Ft: 1343
  • Year Built: 2007
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Split Bedroom Plan, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Shared Bath, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Self Cleaning Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar, Pantry
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Fire Sprinklers, Smoke Detector(s), 2 or More Elevators, Vent Hood/Exhaust Fan, Trash Chute
  • Other Rooms: Laundry Room, Storage Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Double Sinks, Separate Shower, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Carpet

Exterior Features

  • Misc Exterior: Gas Grill, Patio, Deck, Hot Tub, Tennis Court, Balcony, Pet Area
  • Exterior Windows: Synthetic Stucco, Double Pane Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2D
  • Parking Storage: Assigned Parking, Designated Guest Parking, Common Parking Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Fire Alarm, Smoke Detector(s), Limited Access, Part Time Guard Service
  • Water Sewer: Electric Water Heater

Association/Amenities

  • Condo Amenities: Exercise Room
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking
  • Condominium Association: Yes
  • Condominium Name: The Artesian
  • Management Company: Downtown Condo Conn

Fee Information

  • Monthly Maintenance Fee: 396

Lot Info

  • Lot Description: Water View, Professionally Landscaped, Wood Fenced, Brick/Iron Fenced
  • Lot Number: 408
  • Acreage: 5.89
  • Price Per Acre: 39898

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 002086 C00033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Feb 12, 2021
Sold by
Robison Leslie A
Bought by
Velasquez Pedro
Seller's Agent
Mary Frances Pitts
Ware Jones, REALTORS
Buyer's Agent
Kira Auvert
Adaro Realty, Inc.
List Price
$379,000
Sold Price
$360,000
Premium/Discount to List
-$19,000
-5.01%
Current Estimated Value
$435,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,169
Avg. Annual Appreciation
4.06%
Original Mortgage
$324,000
Outstanding Balance
$292,182
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$138,768

Purchase Details

Listed on
Aug 9, 2018
Closed on
Sep 13, 2018
Sold by
Robinson Gregory Bruce and Robinson Lisa Morris
Bought by
Robinson Leslie A
Seller's Agent
Nan Rountree
Crye-Leike, Inc., REALTORS
Buyer's Agent
Mary Frances Pitts
Ware Jones, REALTORS
List Price
$310,000
Sold Price
$328,000
Premium/Discount to List
$18,000
5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%
Original Mortgage
$168,000
Interest Rate
4.6%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $360,000 None Available
Warranty Deed $328,000 Realty Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $324,000 New Conventional
Previous Owner $168,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2021 02/12/21 Sold $360,000 -2.4% $300 / Sq Ft
12/15/2020 12/15/20 Price Changed $369,000 -2.6% $308 / Sq Ft
10/13/2020 10/13/20 For Sale $379,000 +15.5% $316 / Sq Ft
09/13/2018 09/13/18 Sold $328,000 +5.8% $273 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $310,000 +28.1% $258 / Sq Ft
09/22/2016 09/22/16 Sold $241,994 +3.0% $202 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $235,000 -- $196 / 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 $3,071 $105,900 $3,950 $101,950
2024 $3,071 $90,600 $3,950 $86,650
2023 $5,519 $90,600 $3,950 $86,650
2022 $5,519 $90,600 $3,950 $86,650
2021 $5,584 $90,600 $3,950 $86,650
2020 $4,357 $60,125 $3,950 $56,175
2019 $1,922 $60,125 $3,950 $56,175
2018 $1,922 $60,125 $3,950 $56,175
2017 $1,967 $60,125 $3,950 $56,175
2016 $652 $14,925 $0 $0
2014 $652 $14,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mary Frances Pitts

    Ware Jones, REALTORS

    (901) 450-4011

    1 in this area

    23 Total Sales

    Section Image
  • Kira Auvert

    Buyer's Agent in 2021

    Kira Auvert

    Adaro Realty, Inc.

    (901) 848-3014

    1 in this area

    143 Total Sales

    Section Image
  • Nan Rountree

    Seller's Agent in 2018

    Nan Rountree

    Crye-Leike

    (901) 484-9985

    1 in this area

    73 Total Sales

    Section Image
  • Ashley Bonds

    Seller's Agent in 2016

    Ashley Bonds

    Marx-Bensdorf, REALTORS

    (901) 485-2179

    3 in this area

    71 Total Sales

    Section Image
  • Mike Parker

    Seller Co-Listing Agent in 2016

    Mike Parker

    The Firm

    (901) 277-7275

    75 in this area

    263 Total Sales

    Section Image
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About Artesian

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9975955

Memphis Area Association of REALTORS®

APN: 00-2086-C0-0033

Tennessee Shelby County Memphis 38103 South Main

717 S Riverside Dr Unit 408, Memphis, TN

This home is located at 717 S Riverside Dr Unit 408, Memphis, TN 38103 and is currently priced at $241,994, approximately $172 per square foot. This property was built in 2007. 717 S Riverside Dr Unit 408 is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Memphis Grizzlies Preparatory Charter School.

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