4 months on rocket

505 Tennessee St Unit 228, Memphis, TN, 38103

$359,000

Home List Price

$4,263*

Closing Credit

2 Bedrooms
1 Full Bath
Townhouse
Schools Nearby

Location

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505 Tennessee St Unit 228, Memphis$359,000

Buyer Closing Credits

$4,263*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAssigned Parking, Garage
Year Built1909
HeatingCentral
CoolingCentral Air
MLS #10161771
Lot Size0.03 Acres
StatusActive

About 505 Tennessee St Unit 228

Transformed into a fabulous 2 BR! Attention to detail make all the difference & you must see in person! So many windows in this corner unit! Storage is no problem w/custom closets & a new one added. Filled w/character, this condo has 1,459 sq. ft. Owners added custom cabinetry in living space, kitchen, closets & laundry. Complete w/TWO parking spaces steps away & on the same floor as this unit. Rooftop pool, river views, work out facility & building security make this a great place to call home!

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: Keller Williams

Interior Features

Interior Information:

  • Appliances: Range, Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Flooring Type: Hardwood Throughout, 9 or more Ft. Ceiling
  • Interior: Excl Some Window Treatmnt, Fire Sprinklers, Security System, Elevator

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: On-Site Storage

Parking Information:

  • Parking: Assigned Parking, Garage

Lot Features

Lot Information:

  • Lot Size: 0.03 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 to the South Main Art District, turn right on GE Patterson. The Lofts are on the corner of GE Patterson and Tennessee St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $359,000
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Housing Market Comparison

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

Med. Sold Price

$200.1K

Med. Price/SqFt

$127

# of Sold Homes

389

505 Tennessee St Unit 228 vs Memphis

149 DAYS ON ROCKET

$359,000

+$158.8K More

KEY TAKEAWAY

This property is $158.8K more than the Median Sold Price in Memphis, TN.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #10161771

Listing Office:

  • Office Name: Keller Williams

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: 4/27/2024, 5:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

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$1,859

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,143

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-1441142
1
/10
  • Memphis Virtual School

  • 3772 Jackson Ave

  • 7.81 miles

  • Public District Grades 6-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $85,102. The most common annual income of people living in Memphis, TN is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Tennessee St Unit 228

What is the listing price of this property?

The listing price of 505 Tennessee St Unit 228 property is $359,000.

What type of property is this?

The property 505 Tennessee St Unit 228 is a townhouse located in Memphis, Tennessee, 38103.

Is this property for sale now?

Active Listing: 505 Tennessee St Unit 228 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 Tennessee St Unit 228 are:
Memphis Virtual School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 505 Tennessee St Unit 228 has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 505 Tennessee St Unit 228 is 1909.

Rocket Homes›Tennessee›Shelby County›Memphis›38103›505 Tennessee St Unit 228

This home is located at 505 Tennessee St Unit 228 in Memphis, TN and zip code 38103 in the Downtown neighborhood. This home, which was built in 1909, sits on a 0.03 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 30, 2023 and is currently priced at $359,000.

In March 2024 more than 82 listings in Memphis, TN were sold above the asking price. During the same period more than 107 listings were sold at asking price, while more than 199 were sold below. In March 2024 in Memphis, TN there were 16% more homes for sale than in February 2024.

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

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