NOT LISTED FOR SALE

245 Madison Ave Unit 706 Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated Value: $133,000 - $179,000

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

Last Sold May 05, 2017

Last sale price $115,000 $115 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $995/month

13 Days on Market

Highlights

  • Updated Kitchen
  • Soft Contemporary Architecture
  • Walk-In Closet
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage
  • Breakfast Bar

About This Home

As of May 2017

Here is a rare opportunity to own a piece of downtown history! Large studio condo with concrete floors and exposed brick walls. Spacious walk-in closet. Large bath. Full kitchen with appliances. Separate laundry room. Good storage. A cool space in booming downtown. Walk to Autozone Ball Park.

Last Agent to Sell the Property

Deborah Mays

Hobson, REALTORS License #210876 Listed on: 03/12/2017

Last Buyer's Agent

Mike Parker

The Firm License #284810

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
  • 843 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Window Treatments
  • Combination Dining and Living Room
  • Concrete Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

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

Location

  • Upper Level

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • $260 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, pest control contract
  • High-Rise Condominium
  • Downtown Ymca Lofts Community
  • Downtown Ymca Lofts The Subdivision
  • Property managed by Ledic

Listing and Financial Details

  • Assessor Parcel Number 002061 00051

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: 3rd St
  • MLS Map #: 745B
  • MAAR Subdivision Name: DOWNTOWN YMCA LOFTS
  • Condo: Yes
  • List Price Per Sq Ft: 136
  • Number Of Stories: 1
  • Price Per Sq Ft: 136.42
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 843
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Luxury Primary Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Concrete Floor, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Elevator
  • Other Rooms: Laundry Room
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath

Exterior Features

  • Misc Exterior: Sidewalks
  • Exterior Windows: Brick Veneer

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Limited Access
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Downtown YMCA Lofts
  • Management Company: Ledic

Fee Information

  • Monthly Maintenance Fee: 260

Lot Info

  • Lot Number: UNIT 706
  • Acreage: 0.01
  • Lot Size: .01 acres
  • Price Per Acre: 11500000

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002061 00051

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2020
Sold by
Williams Caleb Andrew
Bought by
Trg Equity Inc
Current Estimated Value
$162,878

Purchase Details

Closed on
Oct 23, 2020
Sold by
Grossbauch Bryan and Mitchell Lauren M
Bought by
Williams Caleb Andrew

Purchase Details

Listed on
Mar 12, 2017
Closed on
May 5, 2017
Sold by
Phillips Reid R and Owen P
Bought by
Grossbauch Bryan and Mitchelll Lauren M
Seller's Agent
Deborah Mays
Hobson, REALTORS
Buyer's Agent
Mike Parker
The Firm
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.86%
Original Mortgage
$109,250
Interest Rate
4.14%
Mortgage Type
New Conventional
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
Trg Equity Inc -- None Available
Williams Caleb Andrew $123,000 None Available
Grossbauch Bryan $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grossbauch Bryan $109,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2017 05/05/17 Sold $115,000 0.0% $1,150 / Sq Ft
03/25/2017 03/25/17 Pending -- -- --
03/12/2017 03/12/17 For Sale $115,000 -- $1,150 / 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 $1,321 $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

  • Deborah Mays

    Seller's Agent in 2017

    Deborah Mays

    Hobson, REALTORS

    (901) 487-6533

    1 in this area

    70 Total Sales

    Section Image
  • Mike Parker

    Buyer's Agent in 2017

    Mike Parker

    The Firm

    (901) 277-7275

    17 in this area

    263 Total Sales

    Section Image
  • Jon Dickens

    Buyer Co-Listing Agent in 2017

    Jon Dickens

    The Firm

    (901) 496-5702

    319 Total Sales

    Section Image

  • J

    Buyer Co-Listing Agent in 2017

    Jerrick Hurd

    C21 Patterson & Assoc. Real Es

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9997460

Memphis Area Association of REALTORS®

APN: 00-2061-0-0051

Tennessee Shelby County Memphis 38103 Downtown Memphis

245 Madison Ave Unit 706, Memphis, TN

This home is located at 245 Madison Ave Unit 706, Memphis, TN 38103 since 12 March 2017 and is currently estimated at $159,902, approximately $160 per square foot. This property was built in 1909. 245 Madison Ave Unit 706 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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