Check Availability
Piperton 38017
505 MAGNOLIA
$889,000
↓ $10K (1.1%)
House - For Sale

505 MAGNOLIA

Piperton, TN 38017
bedrooms
4 Beds
bathrooms
4.5 Baths, 1 Half Bath
$7,131
Estimated Monthly
$0
HOA / Fees
-1.02%
Cap Rate

About This Property

Luxurious custom built one year old home with upgrades galore in the beautiful upscale Twin Lakes community. Large Chefs kitchen with huge island. Primary has a large spa inspired bathroom. Upstairs has two bedrooms, two baths, secluded media room and huge game room with a built in "Full Swing Golf Simulator" that stays or can be removed by seller. 3 car garage, nice covered patio with fireplace and gas line ready for your grill. Low Fayette county taxes but convenient to 385 and Collierville.
Unit Size
-
Days on Market
60 days
Land Size
0.52 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,765
HOA Dues
-
Year Built
2022
Listed By
Last updated: 20 days ago (MAARTN #10166663)

Price History

Date / Event Date Event Price
Apr 4, 2024 Price Decreased $889,000
↓ $10K (1.1%)
Price Decreased
Feb 27, 2024 Listed by Groome & Co Realtors $899,000
Listed by Groome & Co Realtors
Feb 21, 2023 Sold $850,000
Sold
Jan 30, 2023 No longer available -
No longer available
Jan 28, 2023 Listed by eXp Realty Melissa Thompson & The Your Key to Memphis Team, Brokered by eXp Realty $850,000
Listed by eXp Realty Melissa Thompson & The Your Key to Memphis Team, Brokered by eXp Realty
Welcome to the upscale, walkable, rural porch community of the Twin Lakes of Piperton. This luxurious, new construction home features upgrades galore, solid wood beams in the Great Rm, large eat-in Chef's kitchen, downstairs primary bedroom w/spa-inspired bathroom, second bedroom downstairs, 2 bedrooms up with 2 full baths and a secluded media room/home office space. Fantastic outdoor space w/fireplace, stunning views, large backyard & more than 40 acres of common open space! Fayette…
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Property Highlights

Fireplace
Air Conditioning
Interior Details

Fireplace Information

Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Average
  • Building Quality: B+
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 807
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 5,161
  • Gross Building Area: 5,161
  • Building Area: 4,354
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 4,354
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TWIN LAKES OF PIPERTON
  • Land Acres: 1
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: TWIN LAKES OF PIPERTON PB: 11 PG: 122 LOT: 148 PHASE 3 21897 SF

Ownership

  • Current Owner : BECKY E EARL LIVING TRUST
  • Previous Owner : BURTON RONNIE L
  • Owner Before Previous Owner: TWIN LAKES JOINT VENTURE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • School Tax School District: 24579
  • Census Tract: 060702

Geography

  • Assessors Map Reference: 164D
  • District: 10
  • Parcel: 164D-B-029.00
  • Lot: 148
  • Municipality: PIPERTON
  • Latitude: 35.0591
  • Longitude: -89.6107

    Address

  • Full Address: 505 Magnolia Ln
  • Address - House Number: 505
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Piperton
  • Carrier Code: R020
  • 4-Digit Zip Code: 5313
  • Zip Code: 38017

Valuation

    Tax

  • Total Area: 2,588
  • Tax Year: 2022
  • Tax Amount: $2,765
  • Tax Rate Code Area: 24A08

    Appraisal Valuation

  • Standard Deviation: 0.0919
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 859,399
  • High Value: 938,435
  • Low Value: 780,362

    Market Valuation

  • Market Total Value: $687,400
  • Market Land Value: $95,000
  • Market Improvement Value: $592,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $171,850
  • Assessed Land Value: $23,750
  • Assessed Improvements Value: $148,100

    Sales

  • Current Sale Contract Date: Feb 17, 2023
  • Current Sale Recording Date: Feb 21, 2023
  • Current Sale Transaction ID: 11902333951
  • Current Sale Price: $850,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1014
  • Previous Sale Recording Date: Apr 17, 2020
  • Previous Sale Contract Date: Apr 03, 2020
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANKTENNESSEE
  • Previous Mortgage Transaction Date: Apr 17, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $188,911
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Piperton


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Nearby Rentals



Frequently Asked Questions

When was property at 505 Magnolia Lane built and last sold?
The property at 505 Magnolia Lane was built in 2022 and last sold on Feb 17, 2023 for $850,000.
How much is this home worth?
The estimated value of the home located at 505 Magnolia Lane is $907,990.
What are some comparable homes to 505 Magnolia Lane?
There are currently no comparable homes to 505 Magnolia Lane.

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