NOT LISTED FOR SALE

1497 Vance Ave Memphis, TN 38104

Central Gardens Neighborhood

Estimated Value: $651,000 - $875,000

4 Beds
3.5 Baths
3,600-3,799 Sq Ft
$190/Sq Ft Est. Value

Last Sold October 15, 2019

Last sale price $649,900 $171 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,278/month

Highlights

  • Detached Guest House
  • The property is located in a historic district
  • Gated Parking
  • Second Kitchen
  • Garage Apartment
  • Updated Kitchen

About This Home

As of October 2019

Stunning new house & guest house renovation on one of the most desirable blocks in Central Gardens! New chefs kitchen with jenn air appl, granite sink, & quartz tops. Also fabulous is the wet bar/prep kitchen with Sub Zero, Bosch, & ice maker. Master suite with new lux master bath is lovely & light filled. New paint in/out, new lighting, hardwoods refinished, new baths, more. Cute guest house is fab for income, or turn back into garage. Huge lot with lovely gardens & gated parking. Owner Agent

Last Agent to Sell the Property

Tim Tanner

Crye-Leike, Inc., REALTORS License #272221 Listed on: 09/06/2019

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Lauren Harkins Wiuff

Ware Jones, REALTORS License #284575

Ware Jones, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,666

Year Built

  • Built in 1930

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 86 x 150
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 3,600-3,799 Sq Ft Home
  • 2.1-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Vaulted Ceiling
  • Some Wood Windows
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Den
  • Loft
  • Laundry Room
  • Attic
  • Unfinished Basement

Kitchen

  • Updated Kitchen
  • Second Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Home Security

  • Security Gate
  • Fire and Smoke Detector
  • Iron Doors

Parking

  • Garage Apartment
  • Driveway
  • Gated Parking

Outdoor Features

  • Courtyard
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Detached Guest House
  • The property is located in a historic district

Community Details

  • Voluntary home owners association
  • Kimbrough Union Ave Subdivision

Listing and Financial Details

  • Assessor Parcel Number 016026 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,666

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Willett
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Historic District: Central Gardens HC
  • Number Of Stories: 2.1
  • Prop Construction Status: Existing Property
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, 1/2 Bath, Breakfast Room
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Half Bath Down
  • Estimated Heated Sq Ft Range: 3600-3799
  • Bedroom 2 Description: Level 2, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Shared Bath, Vaulted/Coffered Ceilings, Carpet
  • Bedrooms: 4
  • Fireplace: In Living Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Marble/Terrazzo, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Equipment: Double Oven, Cooktop, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator, Cable Available, Separate Ice Maker
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Separate Breakfast Room, Island In Kitchen
  • Misc Interior: All Window Treatments, Wet Bar, Walk-In Closet(s), Walk-In Attic, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet, Separate Guest House, 2nd Kitchen, Unfinished Basement, Entry Hall, Loft/Balcony, Attic
  • Primary Bathroom Description: Double Sinks, Separate Shower, Dressing Area, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Patio, Covered Patio, Deck, Garage Apartment, Historic District, Courtyard, Well Landscaped Grounds, Brick/Ironed Fence, Iron Fence
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad, Gated Parking, Gate Clickers

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Smoke Detector(s), Security Gate, Iron Door(s)
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Voluntary

Lot Info

  • Lot Description: Some Trees, Professionally Landscaped, Wood Fenced, Brick/Stone Fenced, Iron Fenced
  • Lot Number: 67
  • Acreage: 0.29
  • Lot Size: 86 X 150

Tax Info

  • Assessor Parcel Number: 016026 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Oct 16, 2019
Sold by
Tanner Timothy C and Marsh Thomas E
Bought by
Mcdermott Vincent and Mcdermott Laura Kathryn Stephenson
Seller's Agent
Tim Tanner
Crye-Leike, Inc., REALTORS
Buyer's Agent
Lauren Harkins Wiuff
Ware Jones, REALTORS
List Price
$649,900
Sold Price
$649,900
Current Estimated Value
$723,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,646
Avg. Annual Appreciation
1.78%
Original Mortgage
$484,350
Outstanding Balance
$426,035
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$297,511

Purchase Details

Closed on
Oct 1, 2018
Sold by
Barnes Eric J and Crosby Elizabeth
Bought by
Tanner Timothy and Marsh Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 30, 2006
Sold by
Fairey Laurence Y
Bought by
Barnes Eric J and Crosby Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2005
Sold by
First Tennessee Bank Na
Bought by
Fairey Laurence Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2004
Sold by
Rutland Steven D and Rutland Melinda S
Bought by
First Tennessee Bank Na

Purchase Details

Closed on
Jun 2, 1995
Bought by
Rutland Steven D and Rutland Melinda
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
Mcdermott Vincent $649,900 None Available
Tanner Timothy $395,000 None Available
Barnes Eric J $490,000 Title & Escrow Services Inc
Fairey Laurence Y $338,000 --
First Tennessee Bank Na $255,000 --
Rutland Steven D $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdermott Vincent $484,350
Previous Owner Tanner Timothy $500,000
Previous Owner Rutland Steven D $75,000
Previous Owner Barnes Eric J $392,000
Previous Owner Fairey Laurence Y $338,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2019 10/15/19 Sold $649,900 0.0% $181 / Sq Ft
09/06/2019 09/06/19 For Sale $649,900 -- $181 / 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 $5,666 $180,975 $29,275 $151,700
2024 $5,666 $167,125 $25,125 $142,000
2023 $10,181 $167,125 $25,125 $142,000
2022 $10,181 $167,125 $25,125 $142,000
2021 $5,766 $167,125 $25,125 $142,000
2020 $9,356 $129,125 $25,125 $104,000
2019 $3,886 $121,575 $25,125 $96,450
2018 $3,886 $121,575 $25,125 $96,450
2017 $3,977 $121,575 $25,125 $96,450
2016 $4,206 $96,250 $0 $0
2014 $4,206 $96,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Tanner

    Seller's Agent in 2019

    Tim Tanner

    Crye-Leike

    (901) 340-7556

    2 in this area

    99 Total Sales

    Tim Tanner
    Section Image
  • Lauren Harkins Wiuff

    Buyer's Agent in 2019

    Lauren Harkins Wiuff

    Ware Jones, REALTORS

    (901) 859-3565

    11 in this area

    95 Total Sales

    Lauren Harkins Wiuff
    Section Image
  • Stephanie Sheahan

    Buyer Co-Listing Agent in 2019

    Stephanie Sheahan

    Ware Jones, REALTORS

    (901) 412-8600

    8 in this area

    90 Total Sales

    Stephanie Sheahan
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10061316

Memphis Area Association of REALTORS®

APN: 01-6026-0-0005

Tennessee Shelby County Memphis 38104 Central Gardens

1497 Vance Ave, Memphis, TN

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