3 months on rocket

5995 Lofty Oak Dr Unit 5995, Memphis, TN, 38115

$148,000

Home List Price

$1,758*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
Townhouse

Location

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5995 Lofty Oak Dr Unit 5995, Memphis$148,000

Buyer Closing Credits

$1,758*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingDriveway/Pad, Garage
Year Built1975
HeatingCentral
CoolingCentral Air
MLS #10178209
Lot Size0.22 Acres
StatusActive

About 5995 Lofty Oak Dr Unit 5995

GREAT INVESTMENT OPPORTUNITY! INVESTORS ONLY, DO NOT DISTURB TENANT. SFH Rented for $1,425/month, professionally managed. Lease expires 7/31/2025. Tenant moved in 7/31/2024. Completely renovated in May 2024 including brand new AC condenser, brand new furnace & A-coil. Spacious kitchen with brand new counter tops, large master bedroom, refurbished bathrooms with tile surround shower, attached garage, attached storage room and much more! HOA = $200/month. Showings only with accepted offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1975
  • Stories: 2

Listing Office:

  • Office Name: KAIZEN Realty, LLC

Interior Features

Interior Information:

  • Flooring Type: Part Carpet

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Exterior: Patio

Parking Information:

  • Parking: Driveway/Pad, Garage

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take I-240 W, Exit 16 and TN-385 E to Ridgeway Rd. Take the Ridgeway Rd exit from TN-385 E. Use the middle lane to turn right onto Ridgeway Rd. Continue onto Hickory Hill Rd. Turn left onto Belle Oak Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $148,000
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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

5995 Lofty Oak Dr Unit 5995 vs Memphis

105 DAYS ON ROCKET

$148,000

-$42.4K Less

KEY TAKEAWAY

This property is $42.4K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10178209

Listing Office:

  • Office Name: KAIZEN Realty, LLC

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: 11/14/2024, 11:55:49 PM 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

$806

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$510

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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-384036
5
/10

  • Belle Forest Community School

  • 3135 Ridgeway Rd

  • 0.32 miles

  • Public District Grades PK-5

school-card-donut-384037
5
/10

  • Winridge Elementary School

  • 3500 Ridgeway Rd

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-384038
5
/10

  • Fox Meadows Elementary School

  • 2960 Emerald St

  • 1.00 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 $35,045. The majority of Memphis, TN residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

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 5995 Lofty Oak Dr Unit 5995

What is the listing price of this property?

The listing price of 5995 Lofty Oak Dr Unit 5995 property is $148,000.

What type of property is this?

The property 5995 Lofty Oak Dr Unit 5995 is a townhouse located in Memphis, Tennessee, 38115.

Is this property for sale now?

Active Listing: 5995 Lofty Oak Dr Unit 5995 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5995 Lofty Oak Dr Unit 5995 has 3 bedrooms and 2 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 5995 Lofty Oak Dr Unit 5995 is 1975.

Rocket Homes›Tennessee›Shelby County›Memphis›38115›5995 Lofty Oak Dr Unit 5995

This home is located at 5995 Lofty Oak Dr Unit 5995 in Memphis, TN and zip code 38115. This home, which was built in 1975, sits on a 0.22 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 01, 2024 and is currently priced at $148,000.

In October 2024 more than 53 listings in Memphis, TN were sold above the asking price. During the same period more than 103 listings were sold at asking price, while more than 252 were sold below. 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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