NOT LISTED FOR SALE

505 Tennessee St Unit 310 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $253,000 - $280,791

1 Bed
1 Bath
1,200-1,399 Sq Ft
1,307 Sq Ft Lot

Last Sold September 26, 2022

Last sale price $290,000 $207 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,844/month

73 Days on Market

Highlights

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

About This Home

As of September 2022

Awesome condo located in South Main District. Walk to the Trolley, restaurants, shopping, entertainment and the river. 2 garage unassigned parking spaces. Lots of great amenities in this building. Lap pool and gas grills on the roof top along w/a great common area for sunsets plus a state of the art work out room. Charming condo with brick walls, tall ceilings and a huge walk-in closet. On site storage room included. Lots of natural light.

Last Listed By

Kendall Haney

901 Real Estate Services License #218380 Listed on: 06/20/2022

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1917

Lot Details

  • 1,307

Home Design

  • Soft Contemporary Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,347 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Combination Dining and Living Room
  • Storage Room
  • Water Views

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Covered Space
  • Gated Parking

Outdoor Features

  • Outdoor Storage

Location

  • Upper Level
  • The property is located in a historic district

Utilities

  • Central Air
  • Heating Available
  • 220 Volts
  • Shared Hot Water
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002083 D00056

Community Details

Overview

  • Property has a Home Owners Association
  • $485 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • Mid-Rise Condominium
  • The Lofts Community
  • Lofts @ South Bluffs Condos Third Amend Subdivision
  • Property managed by Wright Property Mgmt

Amenities

  • Trash Chute
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: Mid Rise (3-6 Stories), Upstairs - Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 745A
  • MAAR Subdivision Name: LOFTS AT SOUTH BLUFFS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 223
  • Number Of Stories: 1
  • Price Per Sq Ft: 215.29
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1347
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Tile, Concrete Floor, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Breakfast Bar
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Cat/Dog Free House, Trash Chute
  • Other Rooms: Laundry Closet, Entry Hall, Storage Room
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath

Exterior Features

  • Misc Exterior: Historic District, On-Site Storage
  • Exterior Windows: Brick Veneer, Wood Window(s), Double Pane Window(s)
  • Pool Description: Neighborhood

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Storage Room(s), Gated Parking

Utilities

  • Cooling: Central, Ceiling Fan(s), Common Cooling System, 220 Wiring
  • Heating: Electric, Common Heat System
  • Water Sewer: Common Hot Water

Association/Amenities

  • Condo Amenities: Exercise Room, On-Site Storage, Water View
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking
  • Condominium Association: Yes
  • Condominium Name: The Lofts
  • Management Company: Wright Property Mgmt
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 485

Lot Info

  • Lot Number: UNIT 310
  • Acreage: 0.03
  • Price Per Acre: 9996667

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002083 D00056

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2024
Sold by
Saccomano Patricia Ann
Bought by
Patricia Ann Saccomano Revocable Trust
Total Days on Market
73
Current Estimated Value
$271,448

Purchase Details

Listed on
Jun 20, 2022
Closed on
Sep 23, 2022
Sold by
Scarpati and Charles
Bought by
Saccamono Patricia A
Seller's Agent
Kendall Haney
901 Real Estate Services
Buyer's Agent
Tracie Gaia
BHHS McLemore & Co., Realty
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.48%

Purchase Details

Closed on
May 22, 2006
Sold by
Thob Llc
Bought by
Scarpati Charles and Scarpati Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac

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
Patricia Ann Saccomano Revocable Trust -- None Listed On Document
Saccamono Patricia A $290,000 Mid South Title
Scarpati Charles $210,000 Ctc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saccomano Patricia Ann $250,000
Previous Owner Scarpati Charles $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $290,000 -3.3% $242 / Sq Ft
06/20/2022 06/20/22 For Sale $299,900 0.0% $250 / Sq Ft
07/27/2020 07/27/20 Rented $1,500 0.0% --
07/14/2020 07/14/20 For Rent $1,500 +3.4% --
09/05/2014 09/05/14 Rented $1,450 0.0% --
08/23/2014 08/23/14 Under Contract -- -- --
07/23/2014 07/23/14 For Rent $1,450 -- --
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 -- $64,800 $2,175 $62,625
2023 $3,947 $64,800 $2,175 $62,625
2022 $3,947 $64,800 $2,175 $62,625
2021 $3,994 $64,800 $2,175 $62,625
2020 $4,246 $54,875 $2,175 $52,700
2019 $1,754 $54,875 $2,175 $52,700
2018 $1,754 $54,875 $2,175 $52,700
2017 $1,795 $54,875 $2,175 $52,700
2016 $2,218 $50,750 $0 $0
2014 $2,218 $50,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kendall Haney

    Seller's Agent in 2022

    Kendall Haney

    901 Real Estate Services

    (901) 218-8887

    22 in this area

    102 Total Sales

    Kendall Haney
    Section Image
  • Tracie Gaia

    Buyer's Agent in 2022

    Tracie Gaia

    BHHS McLemore & Co., Realty

    (901) 649-6232

    15 in this area

    114 Total Sales

    Tracie Gaia
    Section Image
  • Ashley Bonds

    Seller's Agent in 2014

    Ashley Bonds

    Marx-Bensdorf, REALTORS

    (901) 485-2179

    3 in this area

    74 Total Sales

    Ashley Bonds
    Section Image
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Source: Memphis Area Association of REALTORS®

MLS Number: 10126784

Memphis Area Association of REALTORS®

APN: 00-2083-D0-0056

Tennessee Shelby County Memphis 38103 South Main

505 Tennessee St Unit 310, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 505 Tennessee St Unit 310, Memphis, TN 38103 since 20 June 2022 and is currently estimated at $271,448, approximately $194 per square foot. This property was built in 1917. 505 Tennessee St Unit 310 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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