5991 Lofty Oak Rd is a 1,632 square foot condo with 3 bedrooms and 2.5 bathrooms. - it last sold on September 20, 2021 for $78,000. Based on Redfin's Memphis data, we estimate the home's value is $79,108.
CondoProperty Type
1973Year Built
$48Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$79,108
$1,108 since sold in September 2021$8,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 26.9% lower than the average sale price ($108K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
RU-2
Residential Urban-2 District
Residential development in the RU-2 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage), single-family attached (semi-attached, two-family, townhouse), and multifamily (large home, stacked townhouse). New RU-2 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district or are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Oct 7, 2020 • Final
Residential plumbing
Remove and replace an electric water heater.
Plumbing
Water heater
Oct 7, 2020 • Final
Residential mechanical
Replace the condenser, air handler, and heat strips.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1
Heating & Cooling
Air Conditioning Type: Central and Unit
Heating Type: Central
Fireplace Information
# of Fireplaces: 1
Fireplace Type: 1 Opening
Has Fireplace
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Townhouse
Exterior Wall: Frame Brick
Property Information
Subdivision Name: HERITAGE TRAILS TWNHS DEV
Living Sq. Ft: 1,632
Ground Floor Sq. Ft: 816
Building Sq. Ft: 1,632
# of Stories: 2
Stories Type: 2
Legal Description: 1/83RD INT IN 8.26 ACRES SS LOFTY OAK RD
Parking & Garage Information
Parking Type: Detached Frame Garage
Garage/Parking Sq. Ft: 400
Garage / Carport Type: Detached Frame
Lot Information
# of Buildings: 1
Land Sq. Ft: 4,334
Legal Lot Number: 56
Municipality Name: MEMPHIS
Acres: 0.0995
Depth Footage: 120
Zoning Code: RU-2
County Use Description: CONDO UNIT
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 2.5
Sq. Ft.: 1,632
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1973
Year Renovated: —
County: Shelby County
APN: 093106 D00056
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Fox Meadows Elementary School
Public PreK-5 • Assigned • 1.0mi
5/10
Ridgeway Middle School
Public 6-8 • Assigned • 1.3mi
3/10
Ridgeway High School
Public 9-12 • Assigned • 1.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38115
Average low and high temperatures (°F)
48
30
58
37
72
50
78
58
80
63
89
72
94
76
90
71
86
67
78
56
66
49
55
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$76,000 – $91,000
Sell confidently with a local market expert in Memphis. 3 minutes to get started.