NOT LISTED FOR SALE

1506 Vance Ave Memphis, TN 38104

Central Gardens Neighborhood

Estimated Value: $482,000 - $1,009,000

4 Beds
5 Baths
3,400-3,599 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $765,000 $213 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,745/month

Highlights

  • The property is located in a historic district
  • Sitting Area In Primary Bedroom
  • Landscaped Professionally
  • Gated Parking
  • Updated Kitchen
  • Fireplace in Primary Bedroom

About This Home

As of June 2018

One of the finest renovations in Central Gardens! Appreciate superior craftsmanship with attention to every detail. Enjoy perfect living spaces in and out. Chef's Kitchen has 4 ovens, 2 dishwashers, warming drawer + more. Luxurious Master Suite has FP. Master Bath has heated tile floors. Playroom/bonus room. Sought after location, excellent lot, 3-car garage.

Last Agent to Sell the Property

Fontaine Albritton

Crye-Leike, Inc., REALTORS License #266545 Listed on: 05/11/2018

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Bob Timm

Crye-Leike, Inc., REALTORS License #233829

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,867

Year Built

  • Built in 1927

Lot Details

  • 9,148 Sq Ft Lot
  • Wood Fence
  • Landscaped Professionally
  • Level Lot

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 3,400-3,599 Sq Ft Home
  • 2,774 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Fireplace Features Masonry
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Den
  • Play Room
  • Permanent Attic Stairs
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Fireplace in Primary Bedroom
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Cedar Closet
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Powder Room
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Basement

  • Walk-Out Basement
  • Partial Basement

Home Security

  • Monitored
  • Storm Doors
  • Fire and Smoke Detector
  • Termite Clearance
  • Iron Doors

Parking

  • 3 Car Detached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway
  • Gated Parking

Outdoor Features

  • Patio
  • Porch

Location

  • The property is located in a historic district

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 016025 00015

Community Details

Overview

  • Kimbroughs Union Ave Subdivision
  • Mandatory Home Owners Association

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,867

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: KIMBROUGH PL
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Historic District: Central Gardens HC
  • List Price Per Sq Ft: 279
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2774
  • Termite Contract: Yes
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, 1/2 Bath, Breakfast Room
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, Half Bath Down
  • Estimated Heated Sq Ft Range: 3400-3599
  • Bedroom 2 Description: Level 2, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Level 2, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 4
  • Fireplace: Masonry, In Living Room, In Primary Bedroom
  • Floors/Ceilings: Hardwood Throughout, Tile, Marble/Terrazzo, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Equipment: Range/Oven, Self Cleaning Oven, Double Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Separate Breakfast Room
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Cedar Lined Closet(s), Permanent Attic Stairs, Rear Stairs to Playroom, Powder/Dressing Room, Security System, Smoke Detector(s), Monitored Alarm, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Closet, Play Room, Entry Hall, Attic
  • Primary Bathroom Description: Double Sinks, Separate Shower, Dressing Area, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Full Bath, Fireplace, Sitting Area, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch, Patio, Historic District, Wood Fence, Sidewalks
  • Exterior Windows: Brick Veneer, Wood Window(s), Double Pane Window(s), Storm Door(s)
  • Foundation: Conventional, Partial Basement, Walk-Out Basement
  • Roof: Composition Shingles

Garage/Parking

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

Utilities

  • Cooling: Central, Dual System
  • Heating: Central, Gas
  • Security: Burglar Alarm, Monitored Alarm System, Smoke Detector(s), Nbrhd Guard Service, Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Professionally Landscaped, Wood Fenced
  • Lot Number: 57
  • Acreage: 0.21
  • Lot Size: 75 X 128.3/126.9

Tax Info

  • Assessor Parcel Number: 016025 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2018
Closed on
Jun 15, 2018
Sold by
Love Todd M and Love Susan D
Bought by
Brown Charles M and Brown Suzie T
Seller's Agent
Fontaine Albritton
Crye-Leike, Inc., REALTORS
Buyer's Agent
Bob Timm
Crye-Leike, Inc., REALTORS
List Price
$775,000
Sold Price
$765,000
Premium/Discount to List
-$10,000
-1.29%
Current Estimated Value
$793,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,256
Avg. Annual Appreciation
0.49%
Original Mortgage
$6,885,000
Outstanding Balance
$5,967,701
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
-$5,174,445

Purchase Details

Closed on
Jun 7, 2004
Sold by
Doten Dorothy W
Bought by
Love Todd M and Love Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1999
Sold by
Thomas Dorothy D
Bought by
Doten Dorothy W
Source: Public Records

Range of Values:

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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
Brown Charles M $765,000 None Available
Love Todd M $350,000 --
Doten Dorothy W -- Mid South Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Charles M $6,885,000
Previous Owner Love Todd M $165,000
Closed Love Todd M $152,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2018 06/25/18 Sold $765,000 -1.3% $225 / Sq Ft
05/11/2018 05/11/18 For Sale $775,000 -- $228 / 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 $6,867 $245,025 $25,075 $219,950
2024 $6,867 $202,575 $19,800 $182,775
2023 $12,340 $202,575 $19,800 $182,775
2022 $6,867 $202,575 $19,800 $182,775
2021 $12,485 $202,575 $19,800 $182,775
2020 $11,019 $152,075 $19,800 $132,275
2019 $11,019 $152,075 $19,800 $132,275
2018 $8,645 $93,450 $19,800 $73,650
2017 $3,841 $93,450 $19,800 $73,650
2016 $3,776 $86,400 $0 $0
2014 $3,776 $86,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fontaine Albritton

    Seller's Agent in 2018

    Fontaine Albritton

    Crye-Leike

    (901) 634-3436

    14 in this area

    95 Total Sales

    Fontaine Albritton
    Section Image
  • Bob Timm

    Buyer's Agent in 2018

    Bob Timm

    Crye-Leike

    (901) 490-8080

    26 Total Sales

    Bob Timm
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10026880

Memphis Area Association of REALTORS®

APN: 01-6025-0-0015

Tennessee Shelby County Memphis 38104 Central Gardens

1506 Vance Ave, Memphis, TN

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