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703 Meditation Ln; Memphis, TN Property Details

703 Meditation Ln, Memphis, TN is a Planned Unit Development that was built in 2023. This property is currently a cash purchase and is not for sale. Our records show that 703 Meditation Ln has 2 bedrooms, and 3 bathrooms, and a total of 1,472 square feet. The lot size of 703 Meditation Ln is 1,351 square feet.

Off market
703 Meditation Ln Memphis, TN 38103
$534,900 Listing Price
2 Beds
3 Baths
1,472 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 2023
  • Purchase Price: $534,900
  • Est. Equity / %: $562,000 / 100%
  • APN: 01-2051-0-0018
  • Situs County: Shelby
  • Length Of Ownership: 2 years, 1 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full Bathrooms: 2
  • Total Rooms: 5
  • Partial Bathrooms: 2

Structure

  • Stories: 3
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: B

Measurements

  • Total: 1,472/SqFt
  • Lot: 1,351/SqFt
  • Gross: 1,724/SqFt
  • Garage: 252/SqFt
  • Living: 1,472/SqFt
  • Building: 1,724/SqFt
  • Ground: 192/SqFt
  • Price Per Square Foot: $363.38

Legal Description

  • Description: SEE MAP PG 138H SS WEST CAROLINE AVENUE WS MEDITATION LANE PD
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: 35.127583 / -90.062874
  • Subdivision: Caroline Terrace
  • Property Class: Residential
  • Zoning: BR
  • County Use Code: 052

Amenities

  • Plus Four: 1014
  • Bathroom Fixtures: 12
  • Cooling: Central
  • Garage: Attached Garage
  • Heating: Central

HOA

  • H O A One: $1,200
  • H O A Amount: $1,200
  • H O A One Frequency: Annual
  • H O A One Name: Carolina Terrace Hoa Inc
  • H O A One Type: Planned Unit Development

Ownership Info

703 Meditation Ln has no associated ownership info
703 Meditation Ln has no associated ownership info.

Taxes

703 Meditation Ln has 10 associated Taxes items

703 Meditation 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 $133,600. The APN we've located for 703 Meditation Ln is 01-2051-0-0018.

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Taxes
  • Assessed Value:  $133,600
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  01-2051-0-0018
  • Assessed Land Value:  30000
  • Market Land Value:  120000
  • Tax Amount:  3593.84
  • Tax Year:  2025
  • Market Value:  534400
  • Market Year:  2025

Tax History

703 Meditation Ln has 5 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $133,600 Land Value $30,000 Improvement Value $103,600 Tax Amount $3,593.84 Change Rate +0.060527% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $106,050 Land Value $8,775 Improvement Value $97,275 Tax Amount $3,388.73 Change Rate +13.294217% Assessed CR Tax Rate +0.031954%
Year 2023 Assessed Value $8,775 Land Value $8,775 Improvement Value Tax Amount $237.07 Change Rate -0.556497% Assessed CR Tax Rate +0.027017%
Year 2022 Assessed Value $8,775 Land Value $8,775 Improvement Value Tax Amount $534.54 Change Rate -0.011594% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value Land Value Improvement Value Tax Amount $540.81 Change Rate Assessed CR Tax Rate