NOT LISTED FOR SALE

1488 Peabody Ave Memphis, TN 38104

Central Gardens Neighborhood

Estimated Value: $546,000 - $707,452

2 Beds
2 Baths
5,064 Sq Ft
$120/Sq Ft Est. Value

Last Sold December 15, 2015

Last sale price $490,000 $97 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,520/month

Highlights

  • Landscaped Professionally
  • Wood Flooring
  • Screened Porch
  • English Architecture
  • 2 Fireplaces
  • Some Wood Windows

About This Home

As of December 2015

Absolutely most sophist & beautiful transformation/renov that you will love in heart of Central Gdns. English & stone archit-tile roof w/gate parking sets this DUPLEX apart w/handsome double front entry for easy & private access. You will not believe tasteful details-arched plaster entry, screen porch, hand stencil wallpaper, incredible baths & coolest chef's Kitchen-all upgrad appl-36" range, cust cabs & marble. Unbelievable garden w/irrig-filled w/divine landscaped paths surround w/iron fence!

Last Agent to Sell the Property

Meredith McDonald

Ware Jones, REALTORS License #240133 Listed on: 09/09/2015

Ware Jones, REALTORS

Co-Listed By

Paul McDonald

Ware Jones, REALTORS License #255078

Last Buyer's Agent

Lynda Baddour

Ware Jones, REALTORS License #300143

Ware Jones, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,910

Year Built

  • Built in 1928

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 105 x 153.2
  • Brick Fence
  • Landscaped Professionally
  • Few Trees

Home Design

  • Duplex
  • English Architecture
  • Tile Roof

Interior Spaces

  • Walk-In Closet
  • 5,064 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • 2 Fireplaces
  • Some Wood Windows
  • Window Treatments
  • Screened Porch
  • Partial Basement
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Parking

  • 3 Car Detached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for some utilities, water/sewer
  • Assessor Parcel Number 016026 00016

Community Details

Overview

  • Kimbroughs Union Ave Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,910

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: English
  • Cross Street: Kimbrough
  • Second Address Number: 1488
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Historic District: Central Gardens HC
  • List Price Per Sq Ft: 114
  • Number Of Stories: 2
  • Estimated Sq Ft: 5064
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Number Of Fireplaces: 2
  • Appliances Equipment: Refrigerator, Range/Oven (Built-In), Cooktop/Wall Oven, Disposal, Dishwasher, Microwave
  • Estimated Entire Duplex Sq Ft: 5000-5499
  • Miscellaneous Interior: All Window Treatments, Walk-In Closet(s), Cat/Dog Free House, Cable Available

Exterior Features

  • Misc Exterior: Screen Porch, Patio, Cat/Dog Free House
  • Exterior Windows: Brick Veneer, Wood Window(s), Storm Window(s)
  • Foundation: Partial Basement
  • Roof: Tile/Slate

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 3
  • Parking Display: G3D
  • Parking: Driveway/Pad, Garage Door Opener(s), Front-Load Garage

Utilities

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

Lot Info

  • Lot Description: Some Trees, Professionally Landscaped, Brick/Stone Fenced
  • Lot Number: 78
  • Acreage: 0.36
  • Lot Size: 105 X 153.2

Rental Info

  • Tenants Pay: Some Utilities, Water/Sewer
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 016026 00016

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2015
Closed on
Dec 15, 2015
Sold by
Mayhall George A and Mayhall Jessica L Bertel
Bought by
Letard Francis X and Letard Andrera T
Seller's Agent
Meredith McDonald
Ware Jones, REALTORS
Buyer's Agent
Lynda Baddour
Ware Jones, REALTORS
List Price
$575,000
Sold Price
$490,000
Premium/Discount to List
-$85,000
-14.78%
Current Estimated Value
$607,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,151
Avg. Annual Appreciation
2.20%
Original Mortgage
$392,000
Outstanding Balance
$311,138
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$296,013

Purchase Details

Closed on
Mar 3, 2011
Sold by
Moore Warner F
Bought by
Hunter Charlie

Purchase Details

Closed on
Dec 8, 2005
Sold by
Saunders Teresa Sims
Bought by
Moore Warner F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 7, 2001
Sold by
Corona Thomas Kevin
Bought by
Corona Teresa Kay Sims

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
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
Letard Francis X $490,000 Concord Title
Hunter Charlie $171,202 None Available
Moore Warner F $460,000 --
Corona Teresa Kay Sims -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Letard Francis X $392,000
Previous Owner Moore Warner F $46,000
Previous Owner Corona Teresa Kay Sims $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2015 12/15/15 Sold $490,000 -14.8% $97 / Sq Ft
10/21/2015 10/21/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $575,000 -- $114 / 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 $3,910 $182,625 $33,275 $149,350
2024 $3,910 $115,325 $30,200 $85,125
2023 $7,025 $115,325 $30,200 $85,125
2022 $7,025 $115,325 $30,200 $85,125
2021 $7,108 $115,325 $30,200 $85,125
2020 $7,246 $100,000 $30,200 $69,800
2019 $7,246 $100,000 $30,200 $69,800
2018 $7,246 $100,000 $30,200 $69,800
2017 $5,065 $123,225 $30,200 $93,025
2016 $5,202 $119,050 $0 $0
2014 $3,327 $76,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Meredith McDonald

    Ware Jones, REALTORS

    Section Image

  • P

    Seller Co-Listing Agent in 2015

    Paul McDonald

    Ware Jones, REALTORS

    Section Image
  • Lynda Baddour

    Buyer's Agent in 2015

    Lynda Baddour

    Ware Jones, REALTORS

    (901) 481-0843

    12 in this area

    175 Total Sales

    Lynda Baddour
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9960774

Memphis Area Association of REALTORS®

APN: 01-6026-0-0016

Tennessee Shelby County Memphis 38104 Central Gardens

1488 Peabody Ave, Memphis, TN

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