NOT LISTED FOR SALE

245 Madison Ave Unit 403 Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated Value: $127,000 - $144,000

1 Bed
1 Bath
912 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 04, 2022

Last sale price $152,000 $167 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $842/month

Highlights

  • Traditional Architecture
  • Ceiling Fan
  • High-Rise Condominium
  • Central Heating and Cooling System
  • Concrete Flooring
  • Property has 3 Levels

About This Home

As of May 2022

Come home to downtown living, perfect as a downtown get away or a short-term rental property. Great Loft. Incredible location. Adjacent to Red Bird's Stadium with YMCA next door. In walking distance of Peabody, Beale Street, Main Street and all that Downtown living has to offer. Parking space included. Kitchen updated in 2018. Freshly painted. Full sized bathroom, laundry room and walk-in closet. HOA just voted to allow short-term rentals. All appliances stay. 'Lego' wall not included.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,933

Year Built

  • Built in 1909

Lot Details

  • 871 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 912 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Concrete Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • High-Rise Condominium
  • Downtown Ymca Lofts The Subdivision

Listing and Financial Details

  • Assessor Parcel Number 002061 00030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,933

Year Built

Built in 1909

Lot Details

871 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: High Rise
  • Architectural Style: Traditional
  • Year Built: 1909
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Dryer, Washer, Range, Oven
  • Flooring: Concrete
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area: 912
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Connected

Condo/Co-op/Association

  • Amenities: Sidewalks
  • Common Interest: Condominium
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size: .2
  • Lot Size Units: Acres
  • Parcel #: 002061 00030
  • Property Attached Yn: Yes

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1933

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
May 3, 2022
Sold by
Thompson William A and Thompson Crystal
Bought by
Epps Daniel
List Price
$144,900
Sold Price
$152,000
Premium/Discount to List
$7,100
4.9%
Current Estimated Value
$138,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,436
Avg. Annual Appreciation
-2.56%
Original Mortgage
$121,600
Outstanding Balance
$35,245
Interest Rate
4.67%
Mortgage Type
Seller Take Back
Estimated Equity
$102,158

Purchase Details

Listed on
Aug 20, 2018
Closed on
Oct 12, 2018
Sold by
Franks David D
Bought by
Thompson William A and Christmas Thompson Crystal
Seller's Agent
Charlotte Lyles
Hobson, REALTORS
Buyer's Agent
Jessica Brown
REMAX Experts
List Price
$133,500
Sold Price
$123,000
Premium/Discount to List
-$10,500
-7.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%

Purchase Details

Listed on
Feb 19, 2016
Closed on
Jun 16, 2016
Sold by
Harper Josh and Harper Josh
Bought by
Franks David D
Seller's Agent
Jimmie Finch
Crye-Leike, Inc., REALTORS
Buyer's Agent
Charlotte Lyles
Hobson, REALTORS
List Price
$110,000
Sold Price
$108,500
Premium/Discount to List
-$1,500
-1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$84,000
Interest Rate
3.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 12, 2007
Sold by
Geswein Christopher P
Bought by
Harper Josh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Epps Daniel $152,000 Realty Title & Escrow
Thompson William A $123,000 Delta Title Services Llc
Franks David D $108,500 Delta Title Services Llc
Harper Josh $123,000 Realty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Epps Daniel $121,600
Previous Owner Franks David D $84,000
Previous Owner Harper Josh $123,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2025 11/19/25 For Sale $144,900 -4.7% $159 / Sq Ft
05/04/2022 05/04/22 Sold $152,000 0.0% $167 / Sq Ft
05/04/2022 05/04/22 Sold $152,000 +4.9% $175 / Sq Ft View Prior Sale
04/25/2022 04/25/22 Pending -- -- --
04/12/2022 04/12/22 Pending -- -- --
03/20/2022 03/20/22 For Sale $144,900 +17.8% $167 / Sq Ft
10/12/2018 10/12/18 Sold $123,000 -4.7% $1,230 / Sq Ft View Prior Sale
10/01/2018 10/01/18 Pending -- -- --
09/16/2018 09/16/18 Price Changed $129,000 -3.4% $1,290 / Sq Ft
08/20/2018 08/20/18 For Sale $133,500 +23.0% $1,335 / Sq Ft
06/16/2016 06/16/16 Sold $108,500 -1.4% $1,085 / Sq Ft View Prior Sale
06/10/2016 06/10/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $110,000 -- $1,100 / Sq Ft
Source: Realtracs

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 $1,368 $41,350 $2,325 $39,025
2024 $1,368 $40,350 $2,325 $38,025
2023 $2,458 $40,350 $2,325 $38,025
2022 $2,458 $40,350 $2,325 $38,025
2021 $1,095 $40,350 $2,325 $38,025
2020 $1,933 $26,675 $2,325 $24,350
2019 $853 $26,675 $2,325 $24,350
2018 $853 $26,675 $2,325 $24,350
2017 $873 $26,675 $2,325 $24,350
2016 $1,706 $39,050 $0 $0
2014 $1,706 $39,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Linda Saunders

    BEST Real Estate Company

    (901) 237-7801

    1 in this area

    22 Total Sales

    Linda Saunders
    Section Image
  • Princess Parker

    Buyer's Agent in 2022

    Princess Parker

    Crye-Leike

    (901) 238-1566

    1 in this area

    73 Total Sales

    Princess Parker
    Section Image

  • C

    Seller's Agent in 2018

    Charlotte Lyles

    Hobson, REALTORS

    Section Image
  • Jessica Brown

    Buyer's Agent in 2018

    Jessica Brown

    RE/MAX

    (901) 210-3474

    372 Total Sales

    Jessica Brown
    Section Image
  • Jimmie Finch

    Seller's Agent in 2016

    Jimmie Finch

    Crye-Leike

    (901) 481-1208

    79 Total Sales

    Jimmie Finch
    Section Image
See All Agents

Map

Source: Realtracs

MLS Number: 3048442

Realtracs

APN: 00-2061-0-0030

Tennessee Shelby County Memphis 38103 Downtown Memphis

245 Madison Ave Unit 403, Memphis, TN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.