NOT LISTED FOR SALE

1521 Peabody Ave Memphis, TN 38104

Central Gardens Neighborhood

Estimated Value: $651,000 - $861,000

4 Beds
4.5 Baths
4,000-4,499 Sq Ft
$173/Sq Ft Est. Value

Last Sold December 26, 2014

Last sale price $447,000 $99 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,567/month

Highlights

  • In Ground Pool
  • Garage Apartment
  • Updated Kitchen
  • The property is located in a historic district
  • Sitting Area In Primary Bedroom
  • Living Room with Fireplace

About This Home

As of December 2014

Impressive Neander Woods home built circa 1909 with all the classic details and architectural interest you would expect. Recently renovated with lovely new state of the art kitchen overlooking pool area , guest house. This 4 bedroom, 3 ½ bath home is well sited on 110 by 142 landscaped lot with 2 car carport. Priced to sell at $492,500.

Last Agent to Sell the Property

Linda Sowell

Sowell, Realtors License #50660 Listed on: 08/22/2014

Last Buyer's Agent

Debbie Sowell

NextHome Cornerstone Realty License #259008

NextHome Cornerstone Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,738

Year Built

  • Built in 1903

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 110 x 142.4
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Victorian Architecture

Interior Spaces

  • 4,000-4,499 Sq Ft Home
  • 4,238 Sq Ft Home
  • 2.1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Fireplace Features Masonry
  • Some Wood Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Den with Fireplace
  • Bonus Room with Fireplace
  • Play Room

Kitchen

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

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • All Upper Level Bedrooms
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom

Parking

  • 3 Car Detached Garage
  • Carport
  • Garage Apartment
  • Driveway

Outdoor Features

  • In Ground Pool
  • Patio
  • Porch

Location

  • The property is located in a historic district

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts

Community Details

  • Matthews Park Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 016027 00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,738

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Victorian
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Historic District: Central Gardens HC
  • List Price Per Sq Ft: 111
  • Number Of Stories: 2.1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 4238
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up, Primary Up, Renovated Bathroom, Luxury Primary Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 4000-4499
  • Bedroom 2 Description: Level 2, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 4
  • Fireplace: Masonry, In Living Room, In Den/Great Room, In Other Room
  • Floors/Ceilings: Hardwood Throughout, Tile, Concrete Floor, 9 or more Ft. Ceiling
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • 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, Breakfast Bar
  • Number Of Fireplaces: 3
  • Other Rooms: Play Room, Entry Hall
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Full Bath, Sitting Area, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Patio, Garage Apartment, Historic District
  • Exterior Windows: Brick Veneer, Wood/Composition, Stone
  • Pool Description: In Ground

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 3
  • Parking Display: C3D
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Dual System, 220 Wiring
  • Heating: Central, Gas

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced
  • Lot Number: 5
  • Acreage: 0.35
  • Lot Size: 110 X 142.4

Tax Info

  • Assessor Parcel Number: 016027 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2014
Closed on
Dec 22, 2014
Sold by
Lambert Mark and Simmons Caleb
Bought by
Hambert Mark
Seller's Agent
Linda Sowell
Sowell, Realtors
Buyer's Agent
Debbie Sowell
NextHome Cornerstone Realty
List Price
$492,500
Sold Price
$447,000
Premium/Discount to List
-$45,500
-9.24%
Current Estimated Value
$777,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,378
Avg. Annual Appreciation
5.24%
Original Mortgage
$417,000
Outstanding Balance
$320,827
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$456,551

Purchase Details

Closed on
Jun 30, 2011
Sold by
Dixon Richard L and Dixon Ellen
Bought by
Bitowft Bruce K and Bitowft Eva M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,760
Interest Rate
3.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List 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
Hambert Mark $447,000 Tri State Title & Escrow Inc
Bitowft Bruce K $325,000 Title & Escrow Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hambert Mark $417,000
Previous Owner Bitowft Bruce K $273,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2014 12/26/14 Sold $447,000 -9.2% $112 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
08/22/2014 08/22/14 For Sale $492,500 -- $123 / 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 $5,738 $224,925 $32,725 $192,200
2024 $5,738 $169,250 $29,475 $139,775
2023 $10,310 $169,250 $29,475 $139,775
2022 $10,310 $169,250 $29,475 $139,775
2021 $12,392 $201,075 $29,475 $171,600
2020 $10,095 $139,325 $29,475 $109,850
2019 $10,095 $139,325 $29,475 $109,850
2018 $10,095 $139,325 $29,475 $109,850
2017 $8,482 $206,375 $29,475 $176,900
2016 $4,294 $98,250 $0 $0
2014 $4,294 $98,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Sowell

    Seller's Agent in 2014

    Linda Sowell

    Sowell, Realtors

    (901) 277-4380

    19 in this area

    207 Total Sales

    Linda Sowell
    Section Image
  • Debbie Sowell

    Buyer's Agent in 2014

    Debbie Sowell

    NextHome Cornerstone Realty

    (901) 560-6398

    6 in this area

    76 Total Sales

    Debbie Sowell
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9934443

Memphis Area Association of REALTORS®

APN: 01-6027-0-0008

Tennessee Shelby County Memphis 38104 Central Gardens

1521 Peabody Ave, Memphis, TN

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