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5238 Gemstone Way; Memphis, TN Property Details

5238 Gemstone Way, Memphis, TN is a Planned Unit Development that was built in 2005. This property is currently Financed and is not for sale. Our records show that 5238 Gemstone Way has 3 bedrooms, and 3 bathrooms, and a total of 3,022 square feet. The lot size of 5238 Gemstone Way is 10,629 square feet.

Off market
5238 Gemstone Way Memphis, TN 38109
$280,000 Listing Price
3 Beds
3 Baths
3,022 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2005
  • Purchase Price: $280,000
  • Open Loans / Balance: 2 / $274,905
  • Est. Equity / %: $49,095 / 15.15%
  • APN: 07-5259-C0-0002
  • Situs County: Shelby
  • Length Of Ownership: 3 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 6

Structure

  • Stories: 2
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D

Measurements

  • Total: 3,022/SqFt
  • Lot: 10,629/SqFt
  • Gross: 3,726/SqFt
  • Living: 3,022/SqFt
  • Building: 3,726/SqFt
  • Ground: 2,038/SqFt
  • Price Per Square Foot: $92.65

Legal Description

  • Description: ES GEMSTONE WY COR BIRTSTONE AVE (SE) SEE MAP VW-2C
Building Insights

Land Information

  • Property Type: Planned Unit Development
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.00524 / -90.08615
  • Subdivision: Diamond Estates Phase 1
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 052

Amenities

  • Plus Four: 6335
  • Bathroom Fixtures: 11
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Central

HOA

  • H O A One: $300
  • H O A Amount: $300
  • H O A One Frequency: Annual
  • H O A One Name: Gemstone
  • H O A One Type: Planned Unit Development

Ownership Info

5238 Gemstone Way has no associated ownership info
5238 Gemstone Way has no associated ownership info.

Taxes

5238 Gemstone Way has 10 associated Taxes items

5238 Gemstone Way, 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 $89,825. The APN we've located for 5238 Gemstone Way is 07-5259-C0-0002.

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Taxes
  • Assessed Value:  $89,825
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  07-5259-C0-0002
  • Assessed Land Value:  7125
  • Market Land Value:  28500
  • Tax Amount:  2416.29
  • Tax Year:  2025
  • Market Value:  359300
  • Market Year:  2025

Tax History

5238 Gemstone Way has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $89,825 Land Value $7,125 Improvement Value $82,700 Tax Amount $2,416.29 Change Rate +0.382009% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $51,575 Land Value $6,300 Improvement Value $45,275 Tax Amount $1,748.39 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $51,575 Land Value $6,300 Improvement Value $45,275 Tax Amount $1,748.39 Change Rate -0.4435% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $51,575 Land Value $6,300 Improvement Value $45,275 Tax Amount $3,141.76 Change Rate -0.011587% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $51,575 Land Value $6,300 Improvement Value $45,275 Tax Amount $3,178.59 Change Rate +0.190416% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $36,850 Land Value $5,700 Improvement Value $31,150 Tax Amount $2,670.15 Change Rate +1.2672% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $36,850 Land Value $5,700 Improvement Value $31,150 Tax Amount $1,177.73 Change Rate +0.000008% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $36,850 Land Value $5,700 Improvement Value $31,150 Tax Amount $1,177.72 Change Rate -0.023077% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $36,850 Land Value $5,700 Improvement Value $31,150 Tax Amount $1,205.54 Change Rate -0.004015% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $35,600 Land Value Improvement Value Tax Amount $1,210.4 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $35,600 Land Value Improvement Value Tax Amount $1,555.72 Change Rate +0.195733% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $1,301.06 Change Rate Assessed CR Tax Rate