Executive Home in Country Club Estates, Memphis - ID: 9831


9831
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  • Date:
    17.06.17
  • Location:
    Memphis


Price: 
$425,000
Rooms: 
9 or more
Area: 
3,650 ft2

Location

587 Goodwyn Cove
Memphis, TN, 38111
United States



Property Description

EAST MEMPHIS / MIDTOWN Beautiful, 2-Story, executive home in Country Club Estates, an historic district (right across from Memphis Country Club in Chickasaw area close to Chickasaw Gardens). 3650 sq. ft., 4 BR., 4 BA., all hardwood floors, 2 fireplaces, jacuzzi, bidet, elegant, paneled den, gated with large, recently refurbished brick wall, .6 acres grounds with gardens. Classic old-world charm from the antique, custom front door to the smooth ceilings, fine hardwoods and moldings. Huge master suite with a king-sized closet. All Jenn-Air appliances in kitchen. Magnificent, wood-paneled den. Double carport and ample extra parking for several cars. Entire roof newly installed, best quality, fall 2015. New upstairs air conditioner 2015, new water heater 2015, new humidifier on furnace 2015, new stovetop in kitchen, 2016, new sewer pipes from house to street 2015, newly sodded front lawn 2015-16. Close to University of Memphis and to Christian Brothers (and to Rhodes College by car) as well as to restaurants, shopping, churches, and schools. Convenient to Cooper-Young, Overton Square, Midtown, UT Health Sciences, and Methodist Hospital. 2 1/2 blocks from Chickasaw Gardens with its lake, herons, ducks, fish, turtles, and geese. Great for walking or chatting with neighbors. Best community spirit in whole city of Memphis. 7 days/week security patrol. Excellent condition: move-in ready. Bank appraisal at $589,000.00. Fire-sale price slashed again from original Zillow Make Me Move price of $689,000 in 2015 to $649,000 to $449,000 to rock-bottom $425,000 on March 26, 2017. Ready for immediate showing. nietz1@orange.fr or jhlomax@memphis.edu. (No E-mails from realtors or other commercial agents, please.) Call Joel Hobson at 901-482-2929.
[Please note recent good news below an announcement from the President of the University of Memphis:
Last week, a TIF (Tax Increment Financing) district was approved for an area west of campus, the University District (UD). The TIF area covers most of the properties on South Highland from Poplar to Park Avenue, to include much of the Southern Avenue-Highland corridor. The establishment of the TIF district is critical for continued growth and development for the University and our adjacent neighborhoods.
The UD TIF application was submitted by the University Neighborhoods District Corporation (UNDC) as a means to improve the area surrounding the University by promoting student walkability, lighting, safety, engaging students in community life and retaining talent in Memphis. Sustained vibrancy of our adjacent neighborhoods is important to UofM student success efforts including our ability to recruit, retain and, ultimately, graduate students.
TIF initiatives provide funding for infrastructure improvements in the district based on the difference (the increment) between existing property values and increases due to economic activity. Funding is based on a formula where more than 75% of the increment stays with the city and county for general use. Over the next twenty years, the TIF project is expected to generate approximately $20 million for district infrastructure improvements. We expect the TIF district will most likely lead to even more development in the UD in the coming years.
Revitalization initiatives funded by the TIF initiative will include safety improvements, railroad quiet zones, road and sidewalk improvements, crosswalks, and traffic calming measures. Specific, planned improvements include better lighting, landscaping, parking enhancements, bicycle racks and public seating to include benches.
The TIF district will help us maintain the momentum we have established and move the University and our community forward to becoming an even greater place to study, live, work and relax.]

WHAT I LOVE ABOUT THE HOME

This lovely, quiet street is literally an historic district. The house is on a small cove, directly across the street from the Memphis Country Club. Almost all the other homes on the street are magnificent, palatial estates, far larger than the three on the cove. Neighbors include civic leaders and philanthropists and the former CEOs of Sax Fifth Avenue, the University of Memphis, and Morgan-Keegan. Chickasaw Gardens, with its lake, herons, ducks, and geese as well as fish and turtles, is only 2 1/2 blocks away. It is a wonderful place to walk or chat with neighbors and enjoy nature. The community spirit in the Chickasaw area is probably the strongest in the city. For extra peace of mind there is also a 7 day per week, private security patrol.




Property Features

Terrace
Fireplace
Garage
Air Conditioning
Built in Kitchen
Double Glazing
Chimney
Store Room
Wooden Floor
Jacuzzi
Garden



Photos

Executive Home in Country Club Estates, Memphis
Executive Home in Country Club Estates, Memphis
Executive Home in Country Club Estates, Memphis
Executive Home in Country Club Estates, Memphis
Executive Home in Country Club Estates, Memphis
Executive Home in Country Club Estates, Memphis
Executive Home in Country Club Estates, Memphis
Executive Home in Country Club Estates, Memphis



Location

Nearest Airport: 
Memphis International Airport
Property Location Type: 
town

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