505 Tennessee St Unit 223, Memphis, TN, 38103

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

505 Tennessee St Unit 223, Memphis$269,900

Buyer Closing Credits

$3,205^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeTownhouse

ParkingGarage Door Opener(s), Garage

Year Built1909

HeatingCentral

CoolingCentral Air

WaterfrontWaterfront

ViewWater

MLS #10166033

Lot Size0.02 Acres

StatusActive

About 505 Tennessee St Unit 223

Live at the Super Cool Lofts at South Bluffs! Urban Loft style with Soaring Ceilings, Exposed Brick, Western Views. Open floor plan with Updated Kitchen. Wood flrs in Entertainment Space. New HVAC 2022. Stunning Roof Deck Features: Pool, Fitness Center, Grills & Lounging area. Enjoy Outstanding Sunsets and Mphs Bridge Light Show Every Night. 2 Garage Parking Spaces. Walking distance to restaurants, farmer mkt, theatre, all entertainment. Steps away from the River Bluff. Don't Miss!!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Other (See Remarks)
• Year Built: 1909
• Stories: 1

Listing Office:

• Office Name: BHHS McLemore & Co., Realty

Interior Features

Interior Information:

• Appliances: Range, Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator
• Flooring Type: Part Hardwood, Part Carpet, 9 or more Ft. Ceiling
• Interior: All Window Treatments, Walk-In Closet(s), 2 or More Elevators, Common Basement

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 1

Exterior Features

Exterior Information:

• Waterfront: Waterfront
• View: Water
• Exterior: B-B-Q Pit, Deck, Sauna, Historic District

Parking Information:

• Parking: Garage Door Opener(s), Garage

Lot Features

Lot Information:

• Lot: Views
• Lot Size: 0.02 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

School Info

Assigned Schools Information:

• Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

• Directions: Take South Main into the South Main Art District, turn right on GE Patterson. The Lofts are at the corner of GE Patterson and Tennessee. If standing at the entry to building the lock boxes are on the iron gates to the far right of front door.

Price Information

Listing Price Info

Price Summary:

• List Price: $269,900

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$200.1K

Med. Price/SqFt

$127

# of Sold Homes

389

505 Tennessee St Unit 223 vs Memphis

72 DAYS ON ROCKET

$269,900

+$69.7K More

KEY TAKEAWAY

This property is $69.7K more than the Median Sold Price in Memphis, TN.

Based on homes sold in March 2024

MLS Details

MLS Information:

• MLS Number: #10166033

Listing Office:

• Office Name: BHHS McLemore & Co., Realty

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 10:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,415

Per Month

Principal & Interest

$1,348

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$876

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38103›505 Tennessee St Unit 223

This home is located at 505 Tennessee St Unit 223 in Memphis, TN and zip code 38103 in the Downtown neighborhood. This home, which was built in 1909, sits on a 0.02 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since February 16, 2024 and is currently priced at $269,900.

Over 82 listings were sold over their listed price in March 2024 in Memphis, TN. In the same period over 199 listings were sold below the listed price and 107 listings were sold for the listed price. The number of listings in Memphis, TN increased by 16% between February 2024 and March 2024.

From Rocket Homes Real Estate and based on county public records data.