7 months on rocket

555 Magnolia Mound Dr, Memphis, TN, 38103

$1,749,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
House

Location

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555 Magnolia Mound Dr, Memphis$1,749,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Storage Room(s), Garage Door Opener(s), Front-Load Garage, Gated Parking, Gate Clickers, Garage
Year Built2007
HeatingCentral, Multi Unit(s)
CoolingCentral Air, Ceiling Fan(s), Multi Unit(s)
BasementYes
WaterfrontWaterfront
FireplaceIn Living Room, Gas Starter, Gas Logs
ViewWater
MLS #10171455
Lot Size0.12 Acres
StatusActive

About 555 Magnolia Mound Dr

Architecturally stunning custom-built 2-story contemporary home in prime location atop the Bluff overlooking the Mississippi River. Breathtaking views from almost every room. Designed by LRK with a dramatic floor plan & attention to every detail. Superior Construction with Soundproof Glass. Wonderful balconies on each level. Elevator, solid walnut wet bar. Commercial bitumen, metal roof along with a Generator. 20 ft ceilings in the living room. Wonderful gated community.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2007
  • Stories: 2

Listing Office:

  • Office Name: Hobson, REALTORS

Interior Features

Interior Information:

  • Appliances: Range, Oven, Self Cleaning Oven, Double Oven, Gas Range, Disposal, Dishwasher, Microwave, Trash Compactor, Refrigerator
  • Basement: Yes
  • Flooring Type: Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling
  • Interior: All Window Treatments, Wet Bar, Central Vacuum, Mud Room, Security System, Monitored Alarm, Elevator, Vent Hood/Exhaust Fan
  • Fireplace: In Living Room, Gas Starter, Gas Logs

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water
  • Exterior: Auto Lawn Sprinkler, Gas Grill, Patio, Balcony, Well Landscaped Grounds

Parking Information:

  • Parking: Driveway/Pad, Storage Room(s), Garage Door Opener(s), Front-Load Garage, Gated Parking, Gate Clickers, Garage

Lot Features

Lot Information:

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

Utilities

Utilities Information:

  • Heating: Central, Multi Unit(s)
  • Cooling: Central Air, Ceiling Fan(s), Multi Unit(s)

Other

Directions Information:

  • Directions: Enter Gated Neighborhood on GE Patterson.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,749,000

Tax Information:

  • Annual Amount: $24,909
  • 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

$183K

# of Sold Homes

362

555 Magnolia Mound Dr vs Memphis

229 DAYS ON ROCKET

$1,749,000

+$1.5M More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10171455

Listing Office:

  • Office Name: Hobson, 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: 12/18/2024, 6:20:51 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 02, 2020Home Sold
$1,400,000
Jul 25, 2013Home Sold
$1,050,000
Feb 15, 2001Home Sold
$270,000

Tax History

YEARPROP. TAXASSESSMENT
2021$24,909$344,050
2020$21,737$300,000
2019$24,188$300,000
2018$16,521$333,825
2017$11,471$401,975

History based on county public records data.

Payment Calculator

$8,797

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,310

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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-4424527
3
/10

  • Downtown Elementary School

  • 10 N 4th St

  • 1.34 miles

  • Public Magnet Grades PK-5

school-card-donut-4424528
3
/10

  • Memphis Scholars Florida-Kansas (ASD)

  • 90 W Olive Ave

  • 1.53 miles

  • Public Charter Grades PK-5

school-card-donut-4424529
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 1.73 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. The majority of Memphis, TN residents have income between $35k-100k annually. The most common type of family 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 555 Magnolia Mound Dr

What is the listing price of this property?

The listing price of 555 Magnolia Mound Dr property is $1,749,000.

What type of property is this?

The property 555 Magnolia Mound Dr is a house located in Memphis, Tennessee, 38103.

Is this property for sale now?

Active Listing: 555 Magnolia Mound 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 $24,909 (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 2, 2020 for $1,400,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 555 Magnolia Mound Dr has 3 bedrooms and 2 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 555 Magnolia Mound Dr is 2007.

Rocket Homes›Tennessee›Shelby County›Memphis›38103›555 Magnolia Mound Dr

This home is located at 555 Magnolia Mound Dr in Memphis, TN and zip code 38103 in the Downtown neighborhood. This home, which was built in 2007, sits on a 0.12 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $1,749,000.

Memphis, TN housing market in November 2024 saw over 45 listings sold above listed price, more than 98 sold at listed price and over 218 sold below. Between October 2024 and November 2024, Memphis, TN real estate market has seen increase in the number of listings by 6.8%.

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

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