NOT LISTED FOR SALE

127 Madison Ave Unit 501 Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated Value: $275,000 - $385,000

2 Beds
2 Baths
1,200-1,399 Sq Ft
174 Sq Ft Lot

Last Sold July 15, 2020

Last sale price $305,000 $218 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,047/month

82 Days on Market

Highlights

  • Water Views
  • Traditional Architecture
  • Community Spa
  • Living Room with Fireplace
  • Wood Flooring
  • 2-minute walk to Court Square

About This Home

As of July 2020

Luxury Living...The Goodwyn is an elegant 18-story tower featuring a fabulous roof top, complete w/ an outdoor kitchen & amazing views of the city skyline & river. Residents often gather in the lobby or outdoors in the courtyard where furry friends are welcome. With 1 to 2 condos per floor, the security & privacy are unparalleled! Unit 501 boasts beautiful hardwood floors, granite, SS appliances, high ceilings, & a balcony. Located near Autozone Park, The Peabody, & more! A rare opportunity!

Last Agent to Sell the Property

Amy Woods

Crye-Leike, Inc., REALTORS License #310857 Listed on: 03/26/2020

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Kendall Haney

901 Real Estate Services License #218380

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1908

Lot Details

  • Dog Run
  • Brick Fence
  • Landscaped

Home Design

  • Traditional Architecture
  • Built-Up Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,217 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Window Treatments
  • Aluminum Window Frames
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry closet
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Home Security

Parking

  • 2 Car Attached Garage
  • On-Site Parking for Rent
  • On-Street Parking
  • Parking Garage Space

Outdoor Features

  • Balcony
  • Courtyard
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002058 A00007

Community Details

Overview

  • Property has a Home Owners Association
  • $525 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund
  • 24 Units
  • High-Rise Condominium
  • Goodwyn Condo Assoc Community
  • Goodwyn Condominiums 3Rd Amend Subdivision
  • Property managed by Wright Mgmt

Recreation

  • Community Spa

Additional Features

  • Community Storage Space
  • Fire Escape

Property Details

Home Type

Condominium

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: High Rise (7+ Stories)
  • Cross Street: S Second St
  • MLS Map #: 745A
  • MAAR Subdivision Name: GOODWYN
  • Condo: Yes
  • List Price Per Sq Ft: 266
  • Number Of Stories: 1
  • Price Per Sq Ft: 250.62
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1217
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Double Vanity Bath
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: In Living Room
  • Floors/Ceilings: Part Hardwood, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Eat-In Kitchen, Breakfast Bar, Pantry
  • Misc Interior: All Window Treatments, Wet Bar, Walk-In Closet(s), Elevator, Common Basement
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: On-Site Storage, Balcony, Well Landscaped Grounds, Storage, Pet Area, Fire Escape, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, Aluminum Window(s)
  • Foundation: Full Basement
  • Roof: Built-Up/Flat

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Rent Parking Space, On-Street Parking, Common Parking Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Limited Access
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Hot Tub, Courtyard, On-Site Storage, Water View
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund
  • Condominium Association: Yes
  • Condominium Name: Goodwyn Condo Assoc
  • Management Company: Wright Mgmt

Fee Information

  • Monthly Maintenance Fee: 525

Lot Info

  • Lot Number: UNIT 501

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 002058 A00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2020
Closed on
Jul 15, 2020
Sold by
Kaluzny David Adam and Kaluzny Tracy
Bought by
Okui Glen and Okui Abigail
Seller's Agent
Amy Woods
Crye-Leike, Inc., REALTORS
Buyer's Agent
Kendall Haney
901 Real Estate Services
List Price
$350,000
Sold Price
$305,000
Premium/Discount to List
-$45,000
-12.86%
Current Estimated Value
$318,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,913
Avg. Annual Appreciation
1.06%
Original Mortgage
$209,000
Outstanding Balance
$186,972
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$134,702

Purchase Details

Listed on
Oct 8, 2016
Closed on
Nov 14, 2016
Sold by
Germany Jeffrey D and Germany Margo M
Bought by
Kaluzny Adam and Kaluzny Tracy
Seller's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
Buyer's Agent
Amy Woods
Crye-Leike, Inc., REALTORS
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$242,500
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2010
Sold by
First Tennessee Bank National Associatio
Bought by
Germany Jeffrey D and Germany Margo M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2009
Sold by
Goodwyn Institute Properties Llc
Bought by
First Tennessee Bank National Associatio
Source: Public Records

Range of Values:

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Average Value
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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
Okui Glen $305,000 None Available
Kaluzny Adam $250,000 Realty Title
Germany Jeffrey D $185,000 Chicago Title Ins Co
First Tennessee Bank National Associatio $4,500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okui Glen $209,000
Previous Owner Kaluzny Adam $242,500
Previous Owner Germay Jeffrey D $143,000
Previous Owner Germany Jeffrey D $148,000
Previous Owner Germany Jeffrey D $157,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $305,000 -5.9% $254 / Sq Ft
06/11/2020 06/11/20 Price Changed $324,000 -4.7% $270 / Sq Ft
05/15/2020 05/15/20 Price Changed $339,900 -2.9% $283 / Sq Ft
03/26/2020 03/26/20 For Sale $350,000 +40.0% $292 / Sq Ft
11/18/2016 11/18/16 Sold $250,000 0.0% $208 / Sq Ft
10/08/2016 10/08/16 Pending -- -- --
10/08/2016 10/08/16 For Sale $250,000 -- $208 / 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 -- $85,875 $1,125 $84,750
2024 -- $59,275 $1,125 $58,150
2023 $3,611 $59,275 $1,125 $58,150
2022 $3,611 $59,275 $1,125 $58,150
2021 $3,653 $59,275 $1,125 $58,150
2020 $3,844 $53,050 $1,125 $51,925
2019 $1,695 $53,050 $1,125 $51,925
2018 $1,695 $53,050 $1,125 $51,925
2017 $1,736 $53,050 $1,125 $51,925
2016 $2,300 $52,625 $0 $0
2014 $2,300 $52,625 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Woods

    Seller's Agent in 2020

    Amy Woods

    Crye-Leike

    (901) 485-7005

    3 in this area

    105 Total Sales

    Section Image
  • Kendall Haney

    Buyer's Agent in 2020

    Kendall Haney

    901 Real Estate Services

    (901) 218-8887

    8 in this area

    97 Total Sales

    Section Image

  • N

    Seller's Agent in 2016

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10073587

Memphis Area Association of REALTORS®

APN: 00-2058-A0-0007

Tennessee Shelby County Memphis 38103 Downtown Memphis

127 Madison Ave Unit 501, Memphis, TN

This home is located at 127 Madison Ave Unit 501, Memphis, TN 38103 since 26 March 2020 and is currently estimated at $305,346, approximately $218 per square foot. This property was built in 1908. 127 Madison Ave Unit 501 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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