NOT LISTED FOR SALE

245 Madison Ave Unit 606 Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated Value: $129,000 - $163,632

1 Bed
1 Bath
100-999 Sq Ft
436 Sq Ft Lot

Last Sold December 16, 2022

Last sale price $135,000 $135 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $934/month

59 Days on Market

Highlights

  • Gated Parking
  • Soft Contemporary Architecture
  • Den
  • Main Floor Primary Bedroom
  • Great Room
  • 2 Car Detached Garage

About This Home

As of December 2022

Loft Unit at YMCA lofts next to Redbirds Stadium. YES THIS BUILDING ALLOWS AIRBNB. This is a loft with sleeping area, living room, kitchen, walk in closet and lots of natural light. Building has a parking garage (2 spaces) and a new rooftop deck is coming soon. Great location to walk to restaurants, bars, events, baseball, basketball and much more!

Last Agent to Sell the Property

Chris Garland

Crye-Leike, Inc., REALTORS License #232993 Listed on: 10/03/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Eric McEnerney

High Point Realty & Investment License #316634

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,298

Year Built

  • Built in 1909

Lot Details

  • 436

Home Design

  • Soft Contemporary Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 862 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Den
  • Concrete Flooring
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Gated Parking
  • Parking Garage Space
  • Unassigned Parking

Additional Features

  • Upper Level
  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • $585 Maintenance Fee
  • Association fees include exterior insurance, exterior maintenance, parking, some utilities, trash collection, water/sewer
  • High-Rise Condominium
  • Ymca Lofts Community
  • Downtown Ymca Lofts The Subdivision

Listing and Financial Details

  • Assessor Parcel Number 002061 00045

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,298

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: High Rise (7+ Stories), Upstairs - Flat
  • Cross Street: Fourth Street
  • MLS Map #: 745B
  • MAAR Subdivision Name: DOWNTOWN YMCA LOFTS
  • Condo: Yes
  • List Price Per Sq Ft: 174
  • Number Of Stories: 1
  • Price Per Sq Ft: 156.61
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 862
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms Down: 1
  • Floors/Ceilings: Concrete Floor
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator
  • Living Dining Kitchen: Great Room, Breakfast Bar, Pantry
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2D
  • Parking Storage: Gated Parking, Gate Clickers, Unassigned Parking, Common Parking Garage

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condo Fees Include: Exterior Insurance, Exterior Maintenance, Parking, Some Utilities, Trash Collection, Water/Sewer
  • Condominium Association: Yes
  • Condominium Name: YMCA Lofts
  • Management Company: Self Managed

Fee Information

  • Monthly Maintenance Fee: 585

Lot Info

  • Lot Number: UNIT 606
  • Acreage: 0.01
  • Price Per Acre: 15000000

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 002061 00045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2023
Sold by
Thron Robert and Thron Holly
Bought by
245 Madison Ave 606 Trust
Current Estimated Value
$150,820

Purchase Details

Listed on
Oct 3, 2022
Closed on
Dec 11, 2022
Sold by
Dust Douglas and Dust Johanna
Bought by
Thron Robert and Anderson Holly
Seller's Agent
Chris Garland
Crye-Leike, Inc., REALTORS
Buyer's Agent
Eric McEnerney
High Point Realty & Investment
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%

Purchase Details

Closed on
Nov 29, 2006
Sold by
Memphis Development Llc
Bought by
Dust Douglas and Dust Johanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,300
Interest Rate
6.05%
Mortgage Type
Credit Line Revolving
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
245 Madison Ave 606 Trust -- Delta Title Services
Thron Robert $135,000 Delta Title Services
Dust Douglas $109,000 Southern Trust Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thron Robert $117,000
Previous Owner Dust Douglas J $35,300
Previous Owner Dust Douglas $21,800
Previous Owner Dust Douglas $87,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $135,000 -10.0% $1,350 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $150,000 -- $1,500 / 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 $1,298 $39,250 $2,150 $37,100
2024 $1,298 $38,300 $2,150 $36,150
2023 $2,333 $38,300 $2,150 $36,150
2022 $2,333 $38,300 $2,150 $36,150
2021 $2,360 $38,300 $2,150 $36,150
2020 $1,833 $25,300 $2,150 $23,150
2019 $809 $25,300 $2,150 $23,150
2018 $809 $25,300 $2,150 $23,150
2017 $828 $25,300 $2,150 $23,150
2016 $1,654 $37,850 $0 $0
2014 $1,654 $37,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Garland

    Seller's Agent in 2022

    Chris Garland

    Crye-Leike

    (901) 338-3226

    7 in this area

    127 Total Sales

    Section Image

  • E

    Buyer's Agent in 2022

    Eric McEnerney

    High Point Realty & Investment

    (615) 545-3842

    1 in this area

    5 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10134843

Memphis Area Association of REALTORS®

APN: 00-2061-0-0045

Tennessee Shelby County Memphis 38103 Downtown Memphis

245 Madison Ave Unit 606, Memphis, TN

This home is located at 245 Madison Ave Unit 606, Memphis, TN 38103 since 03 October 2022 and is currently estimated at $147,908, approximately $148 per square foot. This property was built in 1909. 245 Madison Ave Unit 606 is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Manassas High School.

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