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2896 Five Colonies Ln; Memphis, TN Property Details

2896 Five Colonies Ln, Memphis, TN is a Apt House 5+ Units that was built in 1985. This property is currently a cash purchase and is not for sale. Our records show that 2896 Five Colonies Ln has 8 bedrooms, and 8 bathrooms, and a total of 26,514 square feet. The lot size of 2896 Five Colonies Ln is 1,086,386 square feet.

Off market
2896 Five Colonies Ln Memphis, TN 38119
$2,511,080 Estimated Value
8 Beds
8 Baths
26,514 SqFt
Property Type
Apt House 5+ Units
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Corporate
  • Owner Status: Corporate
  • Year Built: 1985
  • Purchase Price: $47,000,000
  • Open Loans: 1
  • APN: 08-1071-0-0034C
  • Situs County: Shelby
  • Length Of Ownership: 9 years

Rooms

  • Bedrooms: 8
  • Bathrooms: 8
  • Full Bathrooms: 8

Structure

  • Building Style: Wood
  • Stories: 1
  • Exterior Wall Type: Masonry
  • Building Condition: Good
  • Building Quality: B

Measurements

  • Total: 26,514/SqFt
  • Lot: 1,086,386/SqFt
  • Gross: 26,514/SqFt
  • Living: 26,514/SqFt
  • Building: 26,514/SqFt
  • Ground: 24,996/SqFt
  • Price Per Square Foot: $1772.65

Legal Description

  • Description: SS FIVE COLONIES LN COR CRESTRIDGE RD (SE)
Building Insights

Land Information

  • Property Type: Apt House 5+ Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.06844 / -89.83438
  • Subdivision: The Watergrove Ltd Properties
  • Property Class: Residential
  • Zoning: RU-2
  • County Use Code: 002

Amenities

  • Heating Fuel Type: Gas
  • Cooling: Central
  • Heating: Yes

Ownership Info

2896 Five Colonies Ln has no associated ownership info
2896 Five Colonies Ln has no associated ownership info.

Taxes

2896 Five Colonies Ln has 10 associated Taxes items

2896 Five Colonies Ln, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $2,511,080. The APN we've located for 2896 Five Colonies Ln is 08-1071-0-0034C.

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Taxes
  • Assessed Value:  $2,511,080
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  08-1071-0-0034C
  • Assessed Land Value:  942600
  • Market Land Value:  2356500
  • Tax Amount:  67548.05
  • Tax Year:  2025
  • Market Value:  6277700
  • Market Year:  2025

Tax History

2896 Five Colonies Ln has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $2,511,080 Land Value $942,600 Improvement Value $1,568,480 Tax Amount $67,548.05 Change Rate -0.194701% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $83,879.45 Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $2,474,320 Land Value $880,560 Improvement Value $1,593,760 Tax Amount $83,879.45 Change Rate -0.4435% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $2,474,320 Land Value $880,560 Improvement Value $1,593,760 Tax Amount $150,726.67 Change Rate +1.245312% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $2,474,320 Land Value $880,560 Improvement Value $1,593,760 Tax Amount $67,129.51 Change Rate -0.517108% Assessed CR Tax Rate +0.02713%
Year 2020 Assessed Value $1,918,520 Land Value $880,560 Improvement Value $1,037,960 Tax Amount $139,015.69 Change Rate +1.267214% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $1,918,520 Land Value $880,560 Improvement Value $1,037,960 Tax Amount $61,315.64 Change Rate Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $1,918,520 Land Value $880,560 Improvement Value $1,037,960 Tax Amount $61,315.63 Change Rate -0.023077% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $1,918,520 Land Value $880,560 Improvement Value $1,037,960 Tax Amount $62,764.02 Change Rate +0.027611% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $1,796,400 Land Value Improvement Value Tax Amount $61,077.6 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $1,796,400 Land Value Improvement Value Tax Amount $78,502.68 Change Rate +0.238802% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $63,369.82 Change Rate Assessed CR Tax Rate
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