NOT LISTED FOR SALE

109 N Main St Unit 508 Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated Value: $87,000 - $113,000

1 Bed
1 Bath
490 Sq Ft
44 Sq Ft Lot

Last Sold December 05, 2018

Last sale price $63,000 $129 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $612/month

5 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Traditional Architecture
  • Updated Kitchen
  • Deck
  • 2-minute walk to The Barking Lot Dog Park

About This Home

As of December 2018

Well maintained Studio Unit in the Claridge House. Convenient location and top notch security for the building. Includes pool and party room and beautiful lobby!!!

Last Agent to Sell the Property

William Mitchell

Crye-Leike, Inc., REALTORS License #55990 Listed on: 11/09/2018

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Jimmie Tapley

Crye-Leike, Inc., REALTORS License #209672

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $686

Year Built

  • Built in 1926

Lot Details

  • 44

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 1 Full Bathroom
  • 490 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Efficiency Studio
  • Wood Flooring
  • Shared Basement
  • Closed Circuit Camera
  • Laundry closet

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 002007 A00022

Community Details

Overview

  • Property has a Home Owners Association
  • $185 Maintenance Fee
  • Association fees include some utilities, water/sewer, exterior maintenance, management fees, reserve fund
  • High-Rise Condominium
  • Claridge House Condos 5Th Amendment The Subdivision

Amenities

  • Clubhouse
  • Guest Suites

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$686

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: High Rise (7+ Stories)
  • Detached Unit Type: General Residential
  • MLS Map #: 745A
  • MAAR Subdivision Name: CLARIDGE HOUSE CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 139
  • Number Of Stories: 1
  • Price Per Sq Ft: 128.57
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 490
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Eff/Studio
  • Estimated Heated Sq Ft Range: Not Available
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Misc Interior: All Window Treatments, 2 or More Elevators, Common Basement
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Deck, Nbrhd Recreation Facility
  • Pool Description: Neighborhood

Garage/Parking

  • Parking Storage: On-Street Parking

Utilities

  • Cooling: Central
  • Heating: Electric
  • Security: Limited Access, Closed Circuit TV
  • Water Sewer: Electric Water Heater

Association/Amenities

  • Condo Amenities: Exercise Room, Guest Rm Available
  • Condo Fees Include: Some Utilities, Water/Sewer, Exterior Maintenance, Management Fees, Reserve Fund
  • Condominium Association: Yes
  • Neighborhood Amenities: Club House, Recreation Facilities

Fee Information

  • Monthly Maintenance Fee: 185

Lot Info

  • Lot Number: UNIT 508
  • Lot Size: 101.76/23.35+78.18X88.6+61.03/148.5

Multi Family

  • Number Of Rooms: 2

Tax Info

  • Assessor Parcel Number: 002007 A00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2018
Closed on
Dec 5, 2018
Sold by
Harris Lee A
Bought by
Peak Properties Llc
Seller's Agent
William Mitchell
Crye-Leike, Inc., REALTORS
Buyer's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
List Price
$68,000
Sold Price
$63,000
Premium/Discount to List
-$5,000
-7.35%
Current Estimated Value
$101,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,767
Avg. Annual Appreciation
7.88%
Original Mortgage
$60,948
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2008
Sold by
Fannie Mae
Bought by
Harris Lee A

Purchase Details

Closed on
Feb 26, 2008
Sold by
Hernandez Hervey
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 31, 2007
Sold by
Claridge House Llc
Bought by
Harris Lee A

Purchase Details

Closed on
Mar 21, 2007
Sold by
Carr Stephen and Carr Amanda
Bought by
Hernandez Hervey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2006
Sold by
Claridge House Llc
Bought by
Carr Stephen and Carr Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,832
Interest Rate
6.52%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peak Properties Llc $63,000 Mid South Title
Harris Lee A $59,000 None Available
Federal National Mortgage Association $79,725 None Available
Harris Lee A $51,000 Ltic
Hernandez Hervey $92,000 West Tennessee Title
Carr Stephen $86,040 Ltic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Peak Properties Llc $60,948
Previous Owner Harris Lee A $41,300
Previous Owner Hernandez Hervey $92,000
Previous Owner Carr Stephen $68,832
Previous Owner Carr Stephen $17,208
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2018 12/05/18 Sold $63,000 -7.4% $129 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $68,000 -- $139 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $686 $29,125 $300 $28,825
2024 $686 $20,250 $300 $19,950
2023 $1,234 $20,250 $300 $19,950
2022 $1,234 $20,250 $300 $19,950
2021 $699 $20,250 $300 $19,950
2020 $1,364 $18,825 $300 $18,525
2019 $602 $18,825 $300 $18,525
2018 $602 $18,825 $300 $18,525
2017 $616 $18,825 $300 $18,525
2016 $845 $19,325 $0 $0
2014 $845 $19,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Mitchell

    Seller's Agent in 2018

    William Mitchell

    Crye-Leike

    (901) 550-2891

    51 Total Sales

    William Mitchell
    Section Image
  • Jimmie Tapley

    Buyer's Agent in 2018

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    274 Total Sales

    Jimmie Tapley
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10040499

Memphis Area Association of REALTORS®

APN: 00-2007-A0-0022

Tennessee Shelby County Memphis 38103 Downtown Memphis

109 N Main St Unit 508, Memphis, TN

This home is located at 109 N Main St Unit 508, Memphis, TN 38103 since 09 November 2018 and is currently estimated at $101,767, approximately $207 per square foot. This property was built in 1926. 109 N Main St Unit 508 is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Manassas High School.

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