NOT LISTED FOR SALE

1450 Peabody Ave Memphis, TN 38104

Central Gardens Neighborhood
4 Beds
-- Bath
3,908 Sq Ft
8,712 Sq Ft Lot Lot

Sale Details

Date Sold: June 29, 2018

Last sale price $320,000 $82 Per Sq Ft

33 Days on Market

Highlights

  • The property is located in a historic district
  • Efficiency Studio
  • Ceiling height of 9 feet or more
  • Wood Flooring
  • Landscaped
  • Central Heating and Cooling System

About This Home

As of June 2018

Charming Central Gardens foursquare converted into 4- 1 bedroom apts with a guest house efficiency. Hardwood floors throughout, 100% occupied. Current rents are $800, $675, $675, $750, & $450. Rents should be higher, but are slowly being increased for long term tenants. Showing contingent on accepted offers.

Last Agent to Sell the Property

Stephanie Taylor

Sowell, Realtors License #295151 Listed on: 05/13/2018

Last Buyer's Agent

David Lee Steinberg

River City Land Co., LLC License #313473

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60 x 150
  • Landscaped

Parking

  • Parking Available

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Composition Roof
  • Plaster
  • Wood Composite

Interior Spaces

  • 3,908 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Efficiency Studio
  • Wood Flooring

Kitchen

  • Free-Standing Range
  • Dishwasher

Basement

  • Partial Basement
  • Crawl Space

Location

  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 016012 00008

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Merriman Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Converted House
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Freestanding: Yes
  • List Price Per Sq Ft: 83
  • Number Of Stories: 2
  • Estimated Sq Ft: 3908
  • Year Built: 1902
  • Construction: Brick, Wood/Composition
  • List Price Per Unit: 65000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Plaster, 9 Ft or More
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher

Exterior Features

  • Foundation: Conventional/Crawl Space, Partial Basement
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks, Some Landscaping, Historic District

Garage/Parking

  • Parking Facility: 1 Per Unit

Utilities

  • Hot Water: Gas, Public Water, Public Sewer
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Common Laundry

Lot Info

  • Lot Number: 12
  • Acreage: 0.2
  • Lot Size: 60 X 150

Rental Info

  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 016012 00008

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 5
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath, Unfurnished
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $320,000 -1.5% $82 / Sq Ft
05/13/2018 05/13/18 For Sale $325,000 -- $83 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $3,519 $145,280 $37,440 $107,840
2024 $3,519 $103,800 $28,800 $75,000
2023 $6,323 $103,800 $28,800 $75,000
2022 $6,323 $103,800 $28,800 $75,000
2021 $6,397 $103,800 $28,800 $75,000
2020 $7,229 $99,760 $28,800 $70,960
2019 $3,188 $99,760 $28,800 $70,960
2018 $3,188 $99,760 $28,800 $70,960
2017 $3,264 $99,760 $28,800 $70,960
2016 $2,895 $66,240 $0 $0
2014 $2,895 $66,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Taylor

    Seller's Agent in 2018

    Stephanie Taylor

    Sowell, Realtors

    (901) 487-7452

    7 in this area

    156 Total Sales

    Stephanie Taylor
    Section Image

  • D

    Buyer's Agent in 2018

    David Lee Steinberg

    River City Land Co., LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10027449

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38104 Central Gardens

1450 Peabody Ave, Memphis, TN

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