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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,908 $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

    155 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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