Memphis TN Home For Sale: 655 Riverside Drive, Unit 1202, Memphis TN 38103

Memphis TN Home For Sale

655 Riverside Drive, Unit 1202, Memphis TN 38103

Stunning River Tower South Bluff corner unit condo with all the comforts of home! Panoramic skyline views illuminate the quality features of 655 Riverside Drive including tiled floors, crown molding, smooth ceilings, stainless appliances, granite and more! Wow is exactly what you will say when you walk in the door! A great room with spectacular views from every angle joins a seating area and a breakfast room with a gas fireplace and serving bar. Beautiful  designer kitchen with  durable tile flooring, pristine white cabinetry, lustrous granite counters and stainless steel appliances including a microwave, self-cleaning oven, dishwasher and deep double sinks is sure to please. The magnificent master suite offers a walk-in closet, a sitting area overlooking the city and a luxurious master bathroom with elongated double sink vanity, brushed nickel fixtures tile floor and a nice tub/shower combination. Fabulous secondary bedrooms feature great closet space, soft carpet, sliding glass doors leading to the balcony and a shared bathroom with tiled floor, updated fixtures and a tub/shower combination. Play a game of tennis or work out in the exercise room then meet new friends at the clubhouse. River Tower South Bluff is the ideal place to call home. Make your appointment today enjoy the views for a lifetime.

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

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Why Have Interest Rates Dropped?

Why Have Interest Rates Dropped? | Keeping Current Matters

The headlines agree mortgage interest rates have dropped substantially below initial projections. Many who are considering purchasing a home, or moving up to their dream home, might think that they should wait to buy, because rates may continue to fall.

A recent article on the Economists’ Outlook blog by the National Association of REALTORS® (NAR) provides insight into one major factor in the decline in interest rates, the crude oil price.

“As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $2.20/gallon, the lowest since gas prices peaked to about $ 4/gallon in May 2011.”

You may have noticed that filling your gas tank has become substantially less expensive in recent months. A welcome change from the close to $5 a gallon that many Americans were paying this time last year. The average US household is projected to save around $550 in 2015.

So what does that have to do with Interest Rates?

NAR explains the correlation like this:

“Lower oil prices mean lower inflation rate, which pushes down mortgage rates.”

Based on Freddie Mac’s weekly mortgage survey as of January 22, 2015, the 30-year fixed rate averaged 3.63% and the 15-year fixed rate averaged 2.93%.

“The decline in oil prices is generally positive to households by way of the gas savings and lower mortgage payments. That savings will boost consumer spending in other areas. But there may be some layoffs in oil-producing states.”

How long will rates stay low?

No one really knows how long oil prices will continue to support low mortgage rates. In a New York Times article, the author points to the fact that “adding hundreds of billions of dollars to consumer spending” could start to have a “counter effect” on rates as the economy continues to strengthen.

“If firms start hiring again, and wages increase — that’s when the level of all interest rates in the U.S. would increase.” 

Don’t wait too long

The low interest rates we are currently experiencing are not going to stay around forever. The current projections from Freddie Mac, Fannie Mae, NAR and the Mortgage Bankers Association all agree that interest rates will increase to between 4.3-5.4% by the end of 2015.

Bottom Line

NAR reports: “At the median home price of $205,300, a 0.75 percentage point drop in mortgage rates will yield savings of about $1,000 annually.”

If you are in a position to buy a home make sure that you meet with a local real estate professional with their finger on the pulse of what’s going on in the market. Don’t let a delay in purchasing impact your family’s financial future.

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Lakeland TN Home For Sale: 10281 Mays Glade Drive, Lakeland TN 38002

Lakeland TN Home For Sale

10281 Mays Glade Drive, Lakeland TN  38002

Welcome home to 10281 Mays Glade Drive a spectacular brick home in the desirable Lakeland Heights subdivision! Beautiful open floor plan including gleaming Brazilian Cherry 5” wood floors, 2 staircases, spacious eat-in kitchen with hearth room, great room, bonus room, huge backyard and a side-loading 2-car garage! Impress the most distinguished guests in the formal dining room with a tray ceiling, arched entries and a dazzling chandelier! Entertaining will be a delight in the great room with access to the backyard and patio. A gourmet kitchen features granite, tiled floors, an island, copper sink, pantry, recessed lighting and a full complement of appliances. Family and friends will enjoy gathering in the breakfast area overlooking an inviting hearth room with cozy gas fireplace. Retreat to your spacious main level master suite with hardwood floors, walk-in closet, ceiling fan and relax in the luxurious bath with dual vanity, walk-in shower, whirlpool tub and tiled floors. Three additional bedrooms on the upper level distinctly designed for comfort. A private bedroom features a full bath making this an ideal place for guests. The additional bedrooms offer a soothing place to rest at days end and share a full bathroom with double vanity and tub/shower combo. A fabulous bonus room offers great flex space for home office, media and recreational fun. BBQ, entertain or relax while watching the kids and pets play in your huge, level, fenced-in backyard with extensive decking and covered porch with ceiling fan/light, plus it is wired for speakers! One-of-a-kind property – do not wait!

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

 

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101 Things to Do In Memphis #47: Charles Vergo’s Rendezvous Charcoal Ribs

The ReDSC03358ndezvous, founded by Charlie Vergos in 1948, started out as an 80 seat tavern serving ham and cheese sandwiches. When Charlie cleaned out the basement beneath his diner, he discovered a coal chute and started a barbecue legend. The coal chute gave Mr. Charlie a vent for his considerable talent over the grill. He developed a unique seasoning fusing his Greek heritage with spices he enjoyed from New Orleans. Mr. Charlie was a collector and hung antiques, memorabilia, and artwork on the walls. This, along with a soulful jukebox, lively waiters, and aromas from the kitchen helped him to create an atmosphere unequalled in the city of Memphis.

Today, several thousand people on an average Saturday night pour into the basement and sink their teeth into a slab of what makes Memphis, well, Memphis. Presidents and potentates, the King and the Killer, Rolling Stones, *NSYNC, and everybody who’s anybody have all been down for a bite.

The restaurant is still in the Vergos family and run by Charlie’s three kids and their kids are coming along, and their kids will follow. The ribs still taste the same as they did in the beginning. Plus, they still make a mean ham-and-cheese sandwich too!

While Rendezvous is famous for its ribs, don’t overlook the other items on the menu. From the beef brisket to the pulled pork shoulder sandwich to grilled chicken.

The Rendezvou24653s can offer its one-of-a-kind menu, charm and ambience to fulfill your special-event needs accommodating parties as large as 300 people!

Visit hogsfly.com for more info or call 901.523.2746.

On your way out, don’t forget to pick up a bag of BBQ popcorn!

 

By and photo credit: hogsfly.com

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Attaining the American Dream: 5 Financial Reasons to Buy

Attaining The American Dream: 5 Financial Reasons To Buy | Keeping Current Matters

Heading into 2015 many people have their sights set on buying a home. The personal reasons differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on thetop 5 financial benefits of homeownership his paper – The Dream Lives On: the Future of Homeownership in America.

Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available.

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You’re paying for housing whether you own or rent.

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”

3.) Owning is usually a form of “forced savings”.

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4.) There are substantial tax benefits to owning.

“Homeowners are able to deduct mortgage interest and property taxes from income…On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

Bottom Line

We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially.

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101 Things To Do In Memphis #46: Elmwood Cemetery

A tour of ElmwoodCemeteryMemphisTNElmwood Cemetery is a journey through the past as it is the most historic ground in this part of the world.  The dramatic Entry Bridge, the Carpenter-Gothic Office Cottage, the entire 80-acre cemetery, are all on the National Register of Historic Places.

 

Fifty Memphis gentlemen committed $500 each to purchase land and establish a new cemetery in 1852. Originally consisting of 40 acres, it was expanded after the Civil War to 80 acres. In the 1870s the original corporation was dissolved and Elmwood became one of the oldest nonprofits in Tennessee. Since then, Elmwood Cemetery has become the final resting place to over 75,000 inhabitants including mayors, governors, madams, blues singers, suffragists, martyrs, generals, civil rights leaders, holy men and women, outlaws and millionaires.

Elmwood is also an official Bird Sanctuary and Arboretum.  Established as part of the Rural Cemetery Movement, it is a classic example of a garden cemetery with its park-like setting, sweeping vistas, shady knolls, large stands of ancient trees, and magnificent monuments. The cemetery is home to almost 1,500 trees. It is a Tennessee Urban Forestry Department Level II Arboretum, and many of its trees are tagged with scientific and common names. During the Victorian Era, the popular view of death became romanticized; death was now represented by symbols including angels, flowers, and plants. These ideas are reflected in the many magnificent monuments, mausoleums and life-sized figures.There are both self-guided and docent-led Arboretum Tours available for children and adults alike.

Do you want to learn about Memphis history? Attend Elmwood University and get to know Memphis’ oldest active cemetery while you uncover a wealth of knowledge about the individuals who helped shape a small river town into a modern metropolis. Elmwood University will train students to deliver history-based tours or to preserve some of Elmwood’s oldest monuments.

Elmwood is the final resting place of those who created Memphis history and has emerged today as Memphis’ finest and oldest active cemetery. Learn more at elmwoodcemetery.org or call 901.774.3212

 

By and photo credit: ElmwoodCemetery.org

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Memphis Real Estate Market Report – December 2014

Memphis and Shelby County home sales were up 26% in December with 1,440 sales recorded compared to 1,142 in December last year. Average sales prices were down 3% to $133,075 compared to $137,314 last December. Home sales ended on a positive note. Total home sales in the county were down slightly by 1% but average sales prices were up 5%.

Bank sales in 2014 were down 26% from last year. 25 out of 33 zip codes in the county had an increase in overall sales activity for December and 13 zip codes had an increase in average sales prices. Cordova, 38016 had the most home sales for the month with 92 recorded compared to 76 last year. Home sales over $500,000 were down 7% with 27 recorded compared to 29 last year.

If you are interested in selling your home or are interested in buying a home; please feel free to contact me at 901-230-2610 or 901-756-8900. You can email me at Melissa@YourKeytoMemphis.com. Be sure to visit www.YourKeytoMemphis.com for all of your real estate needs.

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How to Know if it’s Time for a Price Change

Has your home been listed for a few months now, but it’s still sitting on the market? It may be that you are clinging to an outdated asking price.

Is your price outdated too?

How to know if it’s time for a price change

  • You’re getting plenty of showings, but no offers
  • You are getting what you consider “low ball” offers
  • The feedback from showings almost always include a reference to the price being too high
  • You are the highest priced home in your neighborhood
  • Other homes in your neighborhood have come on the market and been sold already
  • You have a deadline to move

Of course, you should always discuss your pricing strategy with your agent, who can provide the details on every home recently sold and listed in your neighborhood.

By:Crescent City Living LLC

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Collierville TN Home For Sale: 369 Jaffrey Avenue Collierville TN 38017

Collierville TN Home For Sale

369 Jaffrey Avenue Collierville TN 38017

Welcome home to this magnificent main level living traditional home located in the heart of prestigious Collierville TN in the Magnolia Square Subdivision, just a few blocks from Collierville Town Square. Quality features include crown molding, beautiful scored concrete floors, granite, stainless appliances, trendy light fixtures, neutral colors, ceiling fans, an abundance of natural lighting and decorative touches. A sunny great room invites you to kick back and toast your toes by the warm gas fireplace. A stunning designer kitchen offers tiled backsplash, a pantry, lustrous granite countertops, plus stainless steel appliances including a self-cleaning oven, smooth cooktop, microwave and dishwasher. Family and friend can perch at the breakfast bar or gather around the table in the spacious breakfast area with a dazzling chandelier.  A private main level master suite is a comforting  place to rest at days end with double closets and a private luxury bathroom including an elongated double sink vanity, a gorgeous chandelier over relaxing whirlpool tub, a divine walk-in shower with frameless shower and scored concrete floors you are sure to be impressed. Fantastic secondary bedrooms share a lovely hall bathroom. Located off the back hallway you will find nice office nook which is ideal for a quiet place to get your work done quickly. The fabulous fenced backyard has a covered porch and a delightful patio, which is perfect for cookouts and parties! Make your appointment today!

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

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Bartlett TN Home For Sale:3970 Wildberry Court Bartlett TN 38135

Bartlett TN Home For Sale

3970 Wildberry Court Bartlett TN 38135

Welcome home to this magnificent 3 bedroom home nestled on a large cove lot in Bartlett TN. Featuring professional landscaping, a sparkling in-ground pool, open floor plan, arched doorways, high vaulted ceilings, ceiling fans, hardwood floors, a bonus room, built-in bookcases, updated fixtures, neutral colors, fenced backyard and a 2 car garage! The vast great room offers an inviting place family gatherings with an abundance of windows, a warm gas fireplace and double glass door access to the fabulous backyard everyone will feel right at home. An elegant dining room is illuminated with tons of natural lighting, a dazzling light fixture and stately arched entries making this the perfect place for formal entertaining. A delicious gourmet eat-in kitchen features updated designer light fixtures,  island, breakfast bar,  pantry, self-cleaning oven, smooth cooktop, dishwasher, stainless steel microwave and plant ledges. A magnificent main level master suite offer a soothing place to rest at days end with a private luxurious bathroom including double sinks, divine walk-in shower, whirlpool tub and linen closet. Fantastic secondary bedrooms offer ample growing space and share a lovely bathroom complete with tiled floors and a tub/shower combination. Play, party or entertain in the large bonus room upstairs an ideal place for the kids and kids at heart. Imagine all the fun parties you can have in this huge professionally landscaped, fenced backyard with a delightful patio and a separate sparkling in-ground swimming pool area! Make your appointment today before this gem is sold.

Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale.

Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

 

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