6 months on rocket

5622 Shady Grove Rd, Memphis, TN, 38120

$1,395,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
5 Full Baths
House

Location

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5622 Shady Grove Rd, Memphis$1,395,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, More than 3 Coverd Spaces, Storage Room(s), Workshop(s), Front-Load Garage, Gated Parking, Garage
Year Built1942
HeatingCentral, Natural Gas, Multi Unit(s)
CoolingCentral Air, Multi Unit(s)
BasementYes
FireplaceMasonry, Prefabricated, In Living Room, In Primary Bedroom, In Other Room, Gas Starter
ViewOther
MLS #10171292
Lot Size3.00 Acres
StatusActive

About 5622 Shady Grove Rd

NEW PRICE!! Incredible opportunity to own a classic home with almost 3 acres located in one of the premier locations in the city & also in the Eruv. This charming traditional has 5 bedrooms and 5 baths. Two are primaries- one up and one down. 4 car covered parking. The grounds are lovely and private with an automatic gate at the street. Perfect for entertaining and luxury living.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1942
  • Stories: 1

Listing Office:

  • Office Name: Sowell, Realtors

Interior Features

Interior Information:

  • Appliances: Range, Oven, Self Cleaning Oven, Double Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Yes
  • Flooring Type: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling
  • Interior: Wet Bar, Walk-In Closet(s), Walk-In Attic, Sky Light(s), Security System, Vent Hood/Exhaust Fan
  • Fireplace: Masonry, Prefabricated, In Living Room, In Primary Bedroom, In Other Room, Gas Starter

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Wrought Iron Security Drs, Patio, Wood Fence

Parking Information:

  • Parking: Driveway/Pad, More than 3 Coverd Spaces, Storage Room(s), Workshop(s), Front-Load Garage, Gated Parking, Garage

Lot Features

Lot Information:

  • Lot: Few Trees, Landscaped, Fencing
  • Lot Size: 3.00 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From Poplar Ave., turn north onto S. Yates Rd. At the first traffic light turn east onto Shady Grove Rd., then left into the drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,395,000

Tax Information:

  • Annual Amount: $20,372
  • 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

5622 Shady Grove Rd vs Memphis

198 DAYS ON ROCKET

$1,395,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10171292

Listing Office:

  • Office Name: Sowell, 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: 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

Tax History

YEARPROP. TAXASSESSMENT
2021$20,372$281,375
2020$17,852$246,375
2019$17,852$246,375
2018$10,126$246,375
2017$10,641$246,375

History based on county public records data.

Payment Calculator

$7,030

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,249

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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-439290
8
/10

  • Richland Elementary School

  • 5440 Rich Rd

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-439291
8
/10

  • White Station Elementary School

  • 4840 Chickasaw Rd

  • 1.84 miles

  • Public District Grades PK-5

school-card-donut-439292
7
/10

  • Sea Isle Elementary School

  • 5250 Sea Isle Rd

  • 2.14 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 $112,097. The most common annual income of people living in Memphis, TN is between $100k-200k. Residents typically live in married, no kids family. The most common level of education of people living 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 5622 Shady Grove Rd

What is the listing price of this property?

The listing price of 5622 Shady Grove Rd property is $1,395,000.

What type of property is this?

The property 5622 Shady Grove Rd is a house located in Memphis, Tennessee, 38120.

Is this property for sale now?

Active Listing: 5622 Shady Grove Rd 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 $20,372 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5622 Shady Grove Rd has 5 bedrooms and 5 bathrooms.

Which year was this property built?

The year of construction for 5622 Shady Grove Rd is 1942.

Rocket Homes›Tennessee›Shelby County›Memphis›38120›5622 Shady Grove Rd

This home is located at 5622 Shady Grove Rd in Memphis, TN and zip code 38120. This home, which was built in 1942, sits on a 3.00 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $1,395,000.

While more than 53 listings in Memphis, TN in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 252 were sold below. The number of listings in Memphis, TN increased by 22.4% between September 2024 and October 2024.

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

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