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5587 Gates Cv; Memphis, TN Property Details

5587 Gates Cv, Memphis, TN is a Condominium that was built in 1973. This property is currently Financed and is not for sale. Our records show that 5587 Gates Cv has 3 bedrooms, and 2.5 bathrooms, and a total of 1,471 square feet. The lot size of 5587 Gates Cv is 4,531 square feet.

Off market
5587 Gates Cv Memphis, TN 38115
$8,275 Estimated Value
3 Beds
2.5 Baths
1,471 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1973
  • Purchase Price: $45,000
  • Est. Equity / %: $48,000 / 100%
  • Gross Yield: 46.975%
  • APN: 07-4089-C0-0046
  • Situs County: Shelby
  • Length Of Ownership: 30 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 1,471/SqFt
  • Lot: 4,531/SqFt
  • Gross: 1,471/SqFt
  • Garage: 180/SqFt
  • Living: 1,471/SqFt
  • Building: 1,471/SqFt
  • Ground: 796/SqFt
  • Price Per Square Foot: $30.59

Legal Description

  • Description: 1/55TH INT SEE MAP GRID# 179 A
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.073753 / -89.87714
  • Subdivision: Clarke Address Condominiums The 1st Amen
  • Property Class: Residential
  • Zoning: CMU-1
  • County Use Code: 058

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1886
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Carport
  • Heating: Central

HOA

  • H O A One: $325
  • H O A Amount: $325
  • H O A One Frequency: Monthly
  • H O A One Name: Clarke Address
  • H O A One Type: Condo Owner Association

Ownership Info

5587 Gates Cv has no associated ownership info
5587 Gates Cv has no associated ownership info.

Taxes

5587 Gates Cv has 10 associated Taxes items

5587 Gates Cv, 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 $8,275. The APN we've located for 5587 Gates Cv is 07-4089-C0-0046.

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Taxes
  • Assessed Value:  $8,275
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  07-4089-C0-0046
  • Assessed Land Value:  1125
  • Market Land Value:  4500
  • Tax Amount:  222.6
  • Tax Year:  2025
  • Market Value:  33100
  • Market Year:  2025

Tax History

5587 Gates Cv has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $8,275 Land Value $1,125 Improvement Value $7,150 Tax Amount $222.6 Change Rate -0.012598% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $225.44 Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $6,650 Land Value $1,125 Improvement Value $5,525 Tax Amount $225.44 Change Rate -0.443495% Assessed CR Tax Rate +0.033901%
Year 2022 Assessed Value $6,650 Land Value $1,125 Improvement Value $5,525 Tax Amount $405.1 Change Rate +1.245316% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $6,650 Land Value $1,125 Improvement Value $5,525 Tax Amount $180.42 Change Rate -0.059136% Assessed CR Tax Rate +0.027131%
Year 2020 Assessed Value $6,000 Land Value $1,125 Improvement Value $4,875 Tax Amount $191.76 Change Rate Assessed CR Tax Rate +0.03196%
Year 2019 Assessed Value $6,000 Land Value $1,125 Improvement Value $4,875 Tax Amount $191.76 Change Rate Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $6,000 Land Value $1,125 Improvement Value $4,875 Tax Amount $191.76 Change Rate -0.023078% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $6,000 Land Value $1,125 Improvement Value $4,875 Tax Amount $196.29 Change Rate -0.072573% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $6,225 Land Value Improvement Value Tax Amount $211.65 Change Rate -0.221961% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $6,225 Land Value Improvement Value Tax Amount $272.03 Change Rate -0.317553% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $398.61 Change Rate Assessed CR Tax Rate