NOT LISTED FOR SALE

1396 Peabody Ave Memphis, TN 38104

Central Gardens Neighborhood

Estimated Value: $384,000 - $531,746

2 Beds
2 Baths
3,619 Sq Ft
$121/Sq Ft Est. Value

Last Sold March 19, 2023

Last sale price $380,000 $105 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,498/month

42 Days on Market

Highlights

  • The property is located in a historic district
  • English Architecture
  • 2 Fireplaces
  • Deck
  • Wood Flooring
  • Some Wood Windows

About This Home

As of March 2023

Estate-owned. Each unit has two bedrooms plus a study/keeping room that could serve as a third bedroom. Refrigerators, washer, and dryer stay, all transferred as-is. Second story deck accessible from both primary bedroom and kitchen. Covered, detached parking. Units are separately metered for gas and electricity.

Last Agent to Sell the Property

Bob Rowe

Hobson, REALTORS License #239315 Listed on: 02/01/2023

Last Buyer's Agent

Marc Oppenhuizen

KAIZEN Realty, LLC License #248090

KAIZEN Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,416

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • English Architecture
  • Composition Shingle Roof
  • Stucco Exterior
  • Pier And Beam

Interior Spaces

  • 3,619 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • 2 Fireplaces
  • Some Wood Windows
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 3 Car Detached Garage
  • Carport

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • The property is located in a historic district

Community Details

  • Merriman Subdivision

Listing and Financial Details

  • Assessor Parcel Number 016013 00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,416

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: English
  • Cross Street: Melrose
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Freestanding: Yes
  • Historic District: Central Gardens HC
  • List Price Per Sq Ft: 113
  • Number Of Stories: 2
  • Estimated Sq Ft: 3619
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Part Hardwood, Vinyl Floor, Smooth Ceiling
  • Number Of Fireplaces: 2
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Fireplace(s)
  • Estimated Entire Duplex Sq Ft: 3400-3599
  • Miscellaneous Interior: Permanent Attic Stairs, Cable Available

Exterior Features

  • Misc Exterior: Deck, Separate Meters, Historic District
  • Exterior Windows: Brick Veneer, Stucco, Wood Window(s), Storm Window(s), Storm Door(s)
  • Foundation: Conventional, Partial Basement
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 3
  • Parking Display: C3D

Utilities

  • Cooling: Central Cooling, 220 Wiring, Individual Cooling
  • Heating: Central, Gas, Individual Heat
  • Hot Water: Gas

Lot Info

  • Lot Description: Level, Landscaped
  • Lot Number: 5THRU6
  • Acreage: 0.17
  • Lot Size: 50X150

Tax Info

  • Assessor Parcel Number: 016013 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2013
Sold by
Horn Louise R
Bought by
Horn Louise R and The Louise R Horn Trust
Current Estimated Value
$438,687
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
Horn Louise R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2023 03/19/23 Sold $380,000 -6.9% $105 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $408,000 -- $113 / 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 $2,416 $117,525 $20,525 $97,000
2024 $2,416 $71,275 $16,500 $54,775
2023 $4,342 $71,275 $16,500 $54,775
2022 $4,342 $71,275 $16,500 $54,775
2021 $4,393 $71,275 $16,500 $54,775
2020 $4,435 $61,200 $16,500 $44,700
2019 $4,435 $61,200 $16,500 $44,700
2018 $4,435 $61,200 $16,500 $44,700
2017 $2,515 $61,200 $16,500 $44,700
2016 $2,945 $67,400 $0 $0
2014 $2,945 $67,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bob Rowe

    Hobson, REALTORS

    Section Image

  • M

    Buyer's Agent in 2023

    Marc Oppenhuizen

    KAIZEN Realty, LLC

    (901) 482-4400

    1 in this area

    35 Total Sales

    Marc Oppenhuizen
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10141375

Memphis Area Association of REALTORS®

APN: 01-6013-0-0013

Tennessee Shelby County Memphis 38104 Central Gardens

1396 Peabody Ave, Memphis, TN

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