2 months on rocket

5527 Southwood Dr, Memphis, TN, 38120

$315,000

Home List Price

$3,741*

Closing Credit

3 Bedrooms
2 Full Baths
House

Location

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5527 Southwood Dr, Memphis$315,000

Buyer Closing Credits

$3,741*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Storage Room(s), Garage Door Opener(s), Side-Load Garage, Garage
Year Built1960
HeatingCentral, Natural Gas
CoolingCeiling Fan(s), Central Air
BasementYes
FireplaceVented Gas Fireplace, In Den/Great Room, Gas Logs
ViewOther
MLS #10180619
Lot Size0.31 Acres
StatusActive

About 5527 Southwood Dr

Move-In Ready 3BR/2BA home, offering a perfect blend of comfort & convenience. Great RM enjoys a vented gas log FP & built-in entertainment center, flowing seamlessly into adjacent dining RM. Spacious kitchen boasts ample cabinet space, prep island, & cozy breakfast area. Primary BR w/Vaulted Ceilings includes an updated bath, while 2 add'l BRs share a full hall bath. Private backyard w/stone-accented flowerbeds, a wood fence, storage shed & an open patio w/sliding doors to kitchen & dining RM.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1960
  • Stories: 1

Listing Office:

  • Office Name: REMAX Experts

Interior Features

Interior Information:

  • Appliances: Range, Oven, Self Cleaning Oven, Gas Range, Disposal, Dishwasher, Microwave
  • Basement: Yes
  • Flooring Type: Wood Laminate Floors, Part Carpet, Tile, Textured Ceiling, Vaulted/Coff/Tray Ceiling
  • Fireplace: Vented Gas Fireplace, In Den/Great Room, Gas Logs

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Storage Building, Patio

Parking Information:

  • Parking: Driveway/Pad, Storage Room(s), Garage Door Opener(s), Side-Load Garage, Garage

Lot Features

Lot Information:

  • Lot: Few Trees, Level, Landscaped, Fencing
  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: EAST ON WALNUT GROVE FROM I-240 ~ TURN RIGHT ONTO MC ELROY ~ TURN LEFT ONTO SOUTHWOOD

Price Information

Listing Price Info

Price Summary:

  • List Price: $315,000

Tax Information:

  • Annual Amount: $4,775
  • Tax Year: 2021
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Housing Market Comparison

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

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Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

5527 Southwood Dr vs Memphis

70 DAYS ON ROCKET

$315,000

+$124.5K More

KEY TAKEAWAY

This property is $124.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10180619

Listing Office:

  • Office Name: REMAX Experts

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, 6:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 05, 2016Home Sold
$199,000
Apr 08, 2011Home Sold
$162,500

Tax History

YEARPROP. TAXASSESSMENT
2021$4,775$65,950
2020$3,496$48,250
2019$3,496$48,250
2018$1,983$48,250
2017$1,910$48,250

History based on county public records data.

Payment Calculator

$1,640

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,011

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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.

Nearby Schools

school-card-donut-396262
8
/10

  • Richland Elementary School

  • 5440 Rich Rd

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-396263
8
/10

  • White Station Elementary School

  • 4840 Chickasaw Rd

  • 1.41 miles

  • Public District Grades PK-5

school-card-donut-396264
4
/10

  • Berclair Elementary School

  • 810 N Perkins Rd

  • 2.22 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 $60,584. The majority of Memphis, TN residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Memphis, TN.

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

What is it like to live in Memphis, TN?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Is it easy to get around Memphis, TN without a car?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

Transportation in Memphis, TN.

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Frequently Asked Questions About 5527 Southwood Dr

What is the listing price of this property?

The listing price of 5527 Southwood Dr property is $315,000.

What type of property is this?

The property 5527 Southwood Dr is a house located in Memphis, Tennessee, 38120.

Is this property for sale now?

Active Listing: 5527 Southwood Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,775 (source: MLS/based on county public records data).

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

The last sale was on April 5, 2016 for $199,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5527 Southwood Dr has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 5527 Southwood Dr is 1960.

Rocket Homes›Tennessee›Shelby County›Memphis›38120›5527 Southwood Dr

This home is located at 5527 Southwood Dr in Memphis, TN and zip code 38120. This home, which was built in 1960, sits on a 0.31 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $315,000.

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.

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