22 days on rocket

505 Tennessee St Unit 217, Memphis, TN, 38103

$509,000

Home List Price

$6,044*

Closing Credit

2 Bedrooms
2 Full Baths
Townhouse

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

505 Tennessee St Unit 217, Memphis$509,000

Buyer Closing Credits

$6,044*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
ParkingGarage Door Opener(s), Common Parking Garage, Other (See REMARKS), Garage
Year Built1909
HeatingCentral
CoolingCentral Air
WaterfrontWaterfront
ViewWater
MLS #10183817
Lot Size0.05 Acres
StatusActive

About 505 Tennessee St Unit 217

MOTIVATED SELLER DROPS PRICE! NEW HOME FOR THE HOLIDAYS! Experience luxury living in this stunning 2-bedroom, 2-bath corner unit located in the heart of historic downtown lofts. With over 2400 sq. ft. of space, the open floor plan, soaring 20 ft ceilings, and ample natural light make this home a must-see. The gourmet kitchen features stainless steel appliances and quartz countertops, while the custom media wall with an electric fireplace and lit bookcases adds an elegant touch. Both bedrooms are spacious and airy, with modern design and exquisite fixtures throughout the unit. This fully renovated home offers the best of both comfort and style. Relax and unwind with resort-style amenities, including a rooftop pool, sauna, gym, and outdoor kitchen with gas grills, all overlooking the river. The unit includes three garage parking spaces, low utility bills, and endless hot water, which is included in the COA. Lower insurance premiums and easy access to downtown make this property ideal.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1909
  • Stories: 1

Listing Office:

  • Office Name: Laughter Realty Company

Interior Features

Interior Information:

  • Appliances: Range, Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Flooring Type: Hardwood Throughout, Tile, Concrete Floor, 9 or more Ft. Ceiling

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water
  • Exterior: Gas Grill, Sauna, Nbrhd Recreation Facility

Parking Information:

  • Parking: Garage Door Opener(s), Common Parking Garage, Other (See REMARKS), Garage

Virtual/3D Tour

  • Virtual Tour: 505 Tennessee St Unit 217
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: South Front Street to GE Patterson, go west until you get to Tennessee. Building is at the corner of TN and GE Patterson. From Riverside, take Georgia until you get to Tennessee, go south.

Price Information

Listing Price Info

Price Summary:

  • List Price: $509,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

505 Tennessee St Unit 217 vs Memphis

22 DAYS ON ROCKET

$509,000

+$318.5K More

KEY TAKEAWAY

This property is $318.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10183817

Listing Office:

  • Office Name: Laughter Realty Company

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: 11/15/2024, 7:20:48 AM 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.

Payment Calculator

$2,608

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,593

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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.

Nearby Schools

school-card-donut-416699
3
/10

  • Downtown Elementary School

  • 10 N 4th St

  • 1.14 miles

  • Public Magnet Grades PK-5

school-card-donut-416700
3
/10

  • Memphis Scholars Florida-Kansas (ASD)

  • 90 W Olive Ave

  • 1.66 miles

  • Public Charter Grades PK-5

school-card-donut-416701
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 1.76 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $85,102. Residents of Memphis, TN typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Tennessee St Unit 217

What is the listing price of this property?

The listing price of 505 Tennessee St Unit 217 property is $509,000.

What type of property is this?

The property 505 Tennessee St Unit 217 is a townhouse located in Memphis, Tennessee, 38103.

Is this property for sale now?

Active Listing: 505 Tennessee St Unit 217 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 505 Tennessee St Unit 217 has 2 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 505 Tennessee St Unit 217 is 1909.

Rocket Homes›Tennessee›Shelby County›Memphis›38103›505 Tennessee St Unit 217

This home is located at 505 Tennessee St Unit 217 in Memphis, TN and zip code 38103 in the Downtown neighborhood. This home, which was built in 1909, sits on a 0.05 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $509,000.

Over 53 listings were sold over their listed price in October 2024 in Memphis, TN. In the same period over 252 listings were sold below the listed price and 103 listings were sold for the listed price. The inventory of homes for sale in Memphis, TN between September 2024 and October 2024 increased by 22.4%.

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

More Resources