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5388 Southwood Drive

5388 Southwood Drive, Memphis, TN 38120
5388 Southwood Drive is a condo located in Richland Acres, Memphis. The building was first built in 1958 and is 66 years old. The lot that the building was built on is 1,020 feet wide and 1,390 feet long. In total, 5388 Southwood Drive has a total floor area of 2,944 square feet. 5388 Southwood Drive has a total of 2 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 1 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 48 days and tend to sell above the original asking price of $339,000 by 6.19%. The transaction that took the longest to complete was listed on Nov 05, 2021 for $339,000. This particular unit ultimately sold 48 days later for $360,000. The most recent transaction which was first advertised on Nov 05, 2021, sold for $360,000 on Dec 23, 2021. Fun fact, the oldest transaction we have on record took place on Dec 23, 2021. See the full transaction history for 5388 Southwood Drive below.

Meanwhile, the building itself has a median asking price of $339,000. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20211105
11/05/2021
4 Bed
3 Bath
-
$339,000
bedrooms
4 Bed
bathrooms
3 Bath
$360,000 +6.19%
12/23/2021
Mike Ward
Crye-Leike Memphis - East

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 14,417
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 2,944
  • Gross Building Area: 2,944
  • Building Area: 2,482
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,482
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SMTIH AND PUGHS WALNUT ACRES SUBDIVISION
  • Land Acres: 0.331
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : COMBS BRIAN C
  • Current Owner 2: RODRIGUEZ ELSY
  • Previous Owner : BUTLER CLAIRE LOUISE
  • Previous Owner 2: BUTLER LARRY
  • Owner Before Previous Owner: FIRST HORIZON BANK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009201

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 06-8018-0-0031
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1325
  • Longitude: -89.8822

    Address

  • Full Address: 5388 Southwood Dr
  • Address - House Number: 5388
  • Address - Street Name: Southwood
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C028
  • 4-Digit Zip Code: 1929
  • Zip Code: 38120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,688

    Appraisal Valuation

  • Standard Deviation: 0.2412
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 391,163
  • High Value: 485,518
  • Low Value: 296,808

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $342,000
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 23, 2021
  • First Open Lien Mortgage Loan Amount: $342,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $307,800
  • Market Land Value: $86,400
  • Market Improvement Value: $221,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,950
  • Assessed Land Value: $21,600
  • Assessed Improvements Value: $55,350

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 23, 2021
  • Current Sale Transaction ID: 11875114562
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21158094
  • Previous Sale Recording Date: May 19, 2021
  • Previous Sale Contract Date: May 12, 2021
  • Previous Sale Amount: $133,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 23, 2021
  • First Mortgage Loan Amount: $342,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

About Richland Acres



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Frequently Asked Questions

What neighborhood is 5388 Southwood Drive located in?
The 5388 Southwood Drive is a condo located in the neighborhood of Richland Acres in Richland Acres, Memphis.
What is the average sales price for listings in 5388 Southwood Drive?
The average sales price for units in 5388 Southwood Drive is $339,000 currently.

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