new - 7 days on rocket

551 Magnolia Mound Dr, Memphis, TN, 38103

$2,895,000

4 Bedrooms
5 Full Baths, 1 Partial
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener(s), Front-Load Garage, Garage
Year Built2008
HeatingNatural Gas, Multi Unit(s)
CoolingCentral Air, Multi Unit(s), Other
BasementYes
WaterfrontWaterfront
FireplaceMasonry, Vented Gas Fireplace, In Keeping/Hearth room, Gas Starter, Gas Logs
ViewWater
MLS #10181680
Lot Size0.12 Acres
StatusActive

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2008
  • Stories: 2

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

  • Appliances: Self Cleaning Oven, Double Oven, Cooktop, Gas Range, Disposal, Dishwasher, Microwave, Refrigerator, Ice Maker
  • Basement: Yes
  • Flooring Type: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Interior: Wet Bar, Walk-In Closet(s), Powder/Dressing Room, Security System, Smoke Detector(s), Elevator
  • Fireplace: Masonry, Vented Gas Fireplace, In Keeping/Hearth room, Gas Starter, Gas Logs

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water
  • Exterior: Auto Lawn Sprinkler, Gas Grill, Porch, Patio, Covered Patio, Courtyard, Balcony

Parking Information:

  • Parking: Garage Door Opener(s), Front-Load Garage, Garage

Lot Features

Lot Information:

  • Lot: Views, Landscaped
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Multi Unit(s)
  • Cooling: Central Air, Multi Unit(s), Other

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: Enter South Bluffs at the gates at Tennessee St & Calhoun. Go left at the roundabout on Monteigne, Right on Asphodel Dr, right on Monteigne to house on your immediate left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,895,000

Tax Information:

  • Annual Amount: $26,667
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$190.8K

Med. Price/SqFt

$117

# of Sold Homes

415

551 Magnolia Mound Dr vs Memphis

7 DAYS ON ROCKET

$2,895,000

+$2.7M More

KEY TAKEAWAY

This property is $2.7M more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10181680

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

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: 9/28/2024, 11:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 06, 2006Home Sold
$795,000
Dec 26, 2002Home Sold
$305,000

Tax History

YEARPROP. TAXASSESSMENT
2021$26,667$368,325
2020$19,587$270,325
2019$19,587$270,325
2018$11,110$270,325
2017$9,181$270,325

History based on county public records data.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,746

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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-1291914
1
/10
  • Memphis Virtual School

  • 3772 Jackson Ave

  • 7.99 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 majority of Memphis, TN residents have income between $35k-100k annually. The majority of 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 551 Magnolia Mound Dr

What is the listing price of this property?

The listing price of 551 Magnolia Mound Dr property is $2,895,000.

What type of property is this?

The property 551 Magnolia Mound Dr is a house located in Memphis, Tennessee, 38103.

Is this property for sale now?

Active Listing: 551 Magnolia Mound Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 551 Magnolia Mound Dr are:
Memphis Virtual School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $26,667 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 6, 2006 for $795,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 551 Magnolia Mound Dr has 4 bedrooms and 5 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 551 Magnolia Mound Dr is 2008.
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Rocket Homes›Tennessee›Shelby County›Memphis›38103›551 Magnolia Mound Dr

This home is located at 551 Magnolia Mound Dr in Memphis, TN and zip code 38103 in the Downtown neighborhood. This home, which was built in 2008, sits on a 0.12 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $2,895,000.

In August 2024 more than 62 listings in Memphis, TN were sold above the asking price. During the same period more than 116 listings were sold at asking price, while more than 237 were sold below. In August 2024 in Memphis, TN there were 7.5% more homes for sale than in July 2024.

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

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