NOT LISTED FOR SALE

197 Lemaster St Memphis, TN 38104

Central Gardens Neighborhood

Estimated Value: $306,000 - $402,000

4 Beds
2 Baths
2,400-2,599 Sq Ft
$135/Sq Ft Est. Value

Last Sold July 11, 2014

Last sale price $200,000 $77 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,073/month

Highlights

  • The property is located in a historic district
  • Deck
  • Main Floor Primary Bedroom
  • Updated Kitchen
  • Wood Flooring
  • Separate Formal Living Room

About This Home

As of July 2014

Midtown Bungalow, Renovated and Move in Ready. 4 bedrooms, 2 full baths with a bonus room upstairs, tons of charm & character with great wood trim ,beamed ceiling in the living room, hardwood floors, built in bench seating...great deck for entertaining and owners are leaving the firepit for the newcomers! This is a good one and won't sit long. A must see on a great block!

Last Agent to Sell the Property

Michelle Koeppen

Ware Jones, REALTORS License #323748 Listed on: 05/14/2014

Ware Jones, REALTORS

Last Buyer's Agent

Benolyn Craig

CB Properties of Memphis, LLC License #320646

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,740

Year Built

  • Built in 1915

Lot Details

  • 6,970 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Few Trees

Parking

  • Driveway

Home Design

  • Bungalow
  • Composition Shingle Roof

Interior Spaces

  • 2,400-2,599 Sq Ft Home
  • 2,425 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Decorative Fireplace
  • Fireplace Features Masonry
  • Some Wood Windows
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Bonus Room
  • Partial Basement

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Storm Windows
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Porch

Location

  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Satellite Dish

Community Details

  • Graves Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 016041 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,740

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Historic District: Central Gardens HC
  • List Price Per Sq Ft: 86
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2425
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Breakfast Room
  • Second Story Floor Plan: 2nd Bedroom, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 2400-2599
  • Bedroom 2 Description: Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Smooth Ceiling, Hardwood Floor
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Fireplace: Masonry, Decorative Only
  • Floors/Ceilings: Part Hardwood, Tile, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Satellite Dish
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen, Washer/Dryer Connections
  • Misc Interior: Walk-In Closet(s), Security System, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Bonus Room
  • P R I M A R Y B E D R O O M: Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Deck, Historic District
  • Exterior Windows: Wood/Composition, Storm Window(s)
  • Foundation: Partial Basement
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Security: Burglar Alarm, Smoke Detector(s)
  • Water Sewer: Public Sewer

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Landscaped, Wood Fenced
  • Lot Number: 33and38
  • Acreage: 0.16
  • Lot Size: 57.5/42.5X144

Tax Info

  • Assessor Parcel Number: 016041 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2014
Closed on
Jul 11, 2014
Sold by
Farmer Lakesha
Bought by
Ross Jason W and Ross Chester L
Seller's Agent
Michelle Koeppen
Ware Jones, REALTORS
Buyer's Agent
Benolyn Craig
CB Properties of Memphis, LLC
List Price
$209,000
Sold Price
$200,000
Premium/Discount to List
-$9,000
-4.31%
Current Estimated Value
$350,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,791
Avg. Annual Appreciation
5.09%
Original Mortgage
$160,000
Outstanding Balance
$121,918
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$228,873

Purchase Details

Closed on
Sep 25, 2008
Sold by
Winchell Eric
Bought by
Farmer Lakesha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,666
Interest Rate
6.34%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2006
Sold by
Powell Robert M and Powell Chung Wha
Bought by
Winchell Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 2, 2004
Sold by
Wilkinson Lynne P and Wilkinson Gary R
Bought by
Powell Robert M and Powell Chung Wha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,720
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2003
Sold by
Decision One Mortgage Co Llc
Bought by
Wilkinson Gary R and Wilkinson Lynne P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,803
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2003
Sold by
Adams Patricia E
Bought by
Decision One Mortgage Co Llc
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
Ross Jason W $200,000 None Available
Farmer Lakesha $180,900 Regency Title & Escrow
Winchell Eric $200,000 None Available
Powell Robert M $180,900 --
Wilkinson Gary R $79,900 --
Decision One Mortgage Co Llc $89,148 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Jason W $160,000
Previous Owner Farmer Lakesha $177,666
Previous Owner Winchell Eric $200,000
Previous Owner Powell Robert M $144,720
Previous Owner Wilkinson Gary R $54,803
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2014 07/11/14 Sold $200,000 -4.3% $83 / Sq Ft
06/14/2014 06/14/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $209,000 -- $87 / 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 $2,740 $82,675 $21,925 $60,750
2024 $2,740 $80,825 $13,450 $67,375
2023 $4,924 $80,825 $13,450 $67,375
2022 $4,924 $80,825 $13,450 $67,375
2021 $4,981 $80,825 $13,450 $67,375
2020 $3,511 $48,450 $13,450 $35,000
2019 $3,511 $48,450 $13,450 $35,000
2018 $3,511 $48,450 $13,450 $35,000
2017 $1,991 $48,450 $13,450 $35,000
2016 $1,806 $41,325 $0 $0
2014 $1,806 $41,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Koeppen

    Seller's Agent in 2014

    Michelle Koeppen

    Ware Jones, REALTORS

    (901) 650-6053

    7 in this area

    71 Total Sales

    Michelle Koeppen
    Section Image

  • B

    Buyer's Agent in 2014

    Benolyn Craig

    CB Properties of Memphis, LLC

    (901) 240-8111

    2 Total Sales

    Benolyn Craig
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9926668

Memphis Area Association of REALTORS®

APN: 01-6041-0-0007

Tennessee Shelby County Memphis 38104 Central Gardens

197 Lemaster St, Memphis, TN

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