NOT LISTED FOR SALE

505 Tennessee St Unit 216 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $270,000 - $366,000

1 Bed
1 Bath
1,400-1,599 Sq Ft
1,307 Sq Ft Lot

Last Sold December 05, 2019

Last sale price $252,600 $158 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,882/month

2 Days on Market

Highlights

  • Water Views
  • 3-minute walk to Central Station
  • The property is located in a historic district
  • Fitness Center
  • Sauna
  • 2-minute walk to Butler Park

About This Home

As of December 2019

FHA financing!! Just like new but with all the character that you are afforded; in the most social building in downtown Memphis. This one comes with 2 garage parking spaces. Situated in the heart of all the South Main growth offering a movie theater, tons of restaurants and breathtaking views. This awesome loft boast tons of natural light, soaring ceilings and concrete floors. This one is a blank canvas for decorating. Enjoy the sunset from the roof! Top of the line workout room!

Last Listed By

Amanda Lott

BHHS McLemore & Co., Realty License #318728 Listed on: 11/12/2019

BHHS McLemore & Co., Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,269

Year Built

  • Built in 1909

Lot Details

  • 1,307

Home Design

  • Traditional Architecture
  • Built-Up Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,418 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Window Treatments
  • Two Story Entrance Foyer
  • Great Room
  • Dining Room
  • Den
  • Loft
  • Sauna
  • Water Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gated Parking
  • On-Street Parking
  • Parking Garage Space
  • Unassigned Parking

Outdoor Features

  • Pool Equipment or Cover
  • Deck
  • Outdoor Gas Grill

Additional Features

  • Wrought Iron Fence
  • The property is located in a historic district
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 002083 D00034

Community Details

Overview

  • Property has a Home Owners Association
  • $429 Maintenance Fee
  • Association fees include trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • 115 Units
  • Mid-Rise Condominium
  • The Lofts Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Wright

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,269

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • Cross Street: Georgia
  • MLS Map #: 745A
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • Historic District: South Main Street HP
  • List Price Per Sq Ft: 176
  • Number Of Stories: 1
  • Price Per Sq Ft: 178.14
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1418
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, 1 Bath, Laundry Room
  • Second Story Floor Plan: Primary Bedroom
  • Additional Bedroom Bathroom Info: Primary Up, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Tile, Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling, Two Story Foyer
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: Great Room, Updated/Renovated Kitchen, Breakfast Bar, Pantry, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Elevator
  • Other Rooms: Laundry Closet, Entry Hall, Loft/Balcony
  • Total Bathrooms: 1
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Pool Cleaning Equipment, Gas Grill, Deck, Sauna, Historic District, Sidewalks, Iron Fence
  • Exterior Windows: Brick Veneer
  • Foundation: Full Basement
  • Pool Description: Neighborhood
  • Roof: Built-Up/Flat

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 2
  • Parking Display: 2A
  • Parking Storage: Garage Door Opener(s), Gated Parking, Gate Clickers, Unassigned Parking, On-Street Parking, Common Parking Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Security: Smoke Detector(s), Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room, Clubhouse w/ Kitchen, Clubhouse w/Baths, Water View
  • Condo Fees Include: Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking
  • Condominium Association: Yes
  • Condominium Name: The Lofts
  • Management Company: Wright
  • Neighborhood Amenities: Club House, Gated Neighborhood, Pool

Fee Information

  • Monthly Maintenance Fee: 429

Lot Info

  • Lot Description: Level, Iron Fenced
  • Lot Number: UNIT 216
  • Acreage: 0.03
  • Lot Size: .03
  • Price Per Acre: 8333333

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002083 D00034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2019
Closed on
Dec 5, 2019
Sold by
Davies Nigel Richard and Davies Susan Caroline Braxton
Bought by
Leebelt Taryn Ann
Seller's Agent
Amanda Lott
BHHS McLemore & Co., Realty
Buyer's Agent
Morgan Ray
Ware Jones, REALTORS
List Price
$250,000
Sold Price
$252,600
Premium/Discount to List
$2,600
1.04%
Total Days on Market
2
Current Estimated Value
$303,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,670
Avg. Annual Appreciation
3.39%
Original Mortgage
$239,970
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 2, 2016
Closed on
Mar 8, 2017
Sold by
Thob Llc
Bought by
Davies Nigel Richard and Davies Susan Caroline Braxton
Seller's Agent
Amanda Lott
BHHS McLemore & Co., Realty
Buyer's Agent
Amanda Lott
BHHS McLemore & Co., Realty
List Price
$229,900
Sold Price
$229,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.50%
Original Mortgage
$170,126
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Leebelt Taryn Ann $252,600 Realty Title
Davies Nigel Richard $229,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leebelt Taryn Ann $244,464
Closed Leebelt Taryn Ann $239,970
Previous Owner Davies Nigel Richard $170,126
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2019 12/05/19 Sold $252,600 +1.0% $180 / Sq Ft
11/12/2019 11/12/19 For Sale $250,000 0.0% $179 / Sq Ft
11/28/2018 11/28/18 Rented $1,695 0.0% --
11/26/2018 11/26/18 Under Contract -- -- --
11/09/2018 11/09/18 For Rent $1,695 0.0% --
03/10/2017 03/10/17 Sold $229,900 0.0% $164 / Sq Ft
01/23/2017 01/23/17 Pending -- -- --
11/02/2016 11/02/16 For Sale $229,900 -- $164 / 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
2024 $2,269 $66,925 $2,300 $64,625
2023 $4,077 $66,925 $2,300 $64,625
2022 $4,077 $66,925 $2,300 $64,625
2021 $2,309 $66,925 $2,300 $64,625
2020 $4,127 $56,950 $2,300 $54,650
2019 $1,820 $56,950 $2,300 $54,650
2018 $1,820 $56,950 $2,300 $54,650
2017 $3,508 $91,120 $3,680 $87,440
2016 $2,307 $52,800 $0 $0
2014 $3,094 $70,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amanda Lott

    Seller's Agent in 2019

    Amanda Lott

    BHHS McLemore & Co., Realty

    (901) 461-9246

    45 in this area

    364 Total Sales

    Amanda Lott
    Section Image
  • Carol Lott

    Seller Co-Listing Agent in 2019

    Carol Lott

    BHHS McLemore & Co., Realty

    (901) 461-4869

    45 in this area

    359 Total Sales

    Carol Lott
    Section Image
  • Morgan Ray

    Buyer's Agent in 2019

    Morgan Ray

    Ware Jones, REALTORS

    (662) 435-3961

    1 in this area

    73 Total Sales

    Morgan Ray
    Section Image

  • K

    Seller's Agent in 2018

    Kim Love

    Crye-Leike

    (901) 758-5678

    Kim Love
    Section Image
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Source: Memphis Area Association of REALTORS®

MLS Number: 10065916

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0034

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 216, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 505 Tennessee St Unit 216, Memphis, TN 38103 since 12 November 2019 and is currently estimated at $303,270, approximately $189 per square foot. This property was built in 1909. 505 Tennessee St Unit 216 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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