NOT LISTED FOR SALE

2541 Madison Ave Memphis, TN 38112

Chickasaw Gardens Neighborhood

Estimated Value: $299,000 - $396,000

3 Beds
2 Baths
2,000-2,199 Sq Ft
$152/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2023

Last sale price $392,000 $178 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $2,013 / mo

52 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Den
  • Two Primary Bathrooms
  • Attic
  • Some Wood Windows

About This Home

As of March 2023

INVESTOR SPECIAL! Houses around the block sell between 330-400,000. This is a perfect candidate for someone wanting to do some renovations. This home is approx. 2000+ sq ft, has a detached two car garage. Do not miss out, schedule your showing today!

Last Agent to Sell the Property

Pennie Heath

Bluff City Realty Group, LLC License #349130 Listed on: 01/01/2023

Last Buyer's Agent

Laurence Kenner

Marx-Bensdorf, REALTORS License #24343

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1932

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 59x150
  • Wood Fence
  • Landscaped
  • Level Lot

Home Design

  • Bungalow
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,000 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Decorative Fireplace
  • Some Wood Windows
  • Window Treatments
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Oven or Range
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Attic

  • Attic Access Panel
  • Permanent Attic Stairs

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 3 Car Detached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Poplar Blvd Blk 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 028047 00047

Home Details

Home Type

Single Family

Year Built

Built in 1932

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Detached Unit Type: General Residential
  • Cross Street: Alicia
  • MAAR Subdivision Name: POPLAR BLVD BLK 4
  • List Price Per Sq Ft: 200
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2000
  • Termite Contract: Yes
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Split Bedroom Plan, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, 2 Full Primary Baths, Full Bath Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedroom 2 Description: Level 1, Walk-In Closet, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Presently Inoperative, Decorative Only, In Living Room
  • Floors/Ceilings: Part Hardwood, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Permanent Attic Stairs, Attic Access, Smoke Detector(s), Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Attic
  • Primary Bathroom Description: Double Sinks, Separate Shower, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Wood Fence, Sidewalks
  • Exterior Windows: Brick Veneer, Wood Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 3
  • Parking Display: G3D
  • Parking Storage: Driveway/Pad, Garage Door Opener(s), Back-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Smoke Detector(s), Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Landscaped, Wood Fenced
  • Lot Number: W PT 1
  • Acreage: 0.2
  • Lot Size: 59X150

Tax Info

  • Assessor Parcel Number: 028047 00047

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2023
Closed on
Mar 1, 2023
Sold by
Bought by
Seller's Agent
Pennie Heath
Bluff City Realty Group, LLC
Buyer's Agent
Laurence Kenner
Marx-Bensdorf, REALTORS
List Price
$409,000
Sold Price
$392,000
Premium/Discount to List
-$17,000
-4.16%
Views
17
Current Estimated Value
$334,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,203
Avg. Annual Appreciation
-4.65%
Original Mortgage
$383,050
Outstanding Balance
$369,765
Interest Rate
6.15%
Mortgage Type
VA
Estimated Equity
-$34,968

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 10, 2022
Sold by
Bought by
List Price
$249,900
Sold Price
$241,000
Premium/Discount to List
-$8,900
-3.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
82.32%

Purchase Details

Closed on
Feb 22, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,100
Interest Rate
3.55%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$392,000 Realty Title & Escrow
$241,000 Realty Title & Escrow
$165,000 Edco Title & Closing Services
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $383,050
Previous Owner $242,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2025 12/02/25 For Sale $249,900 -36.3% $129 / Sq Ft
03/01/2023 03/01/23 Sold $392,000 -2.0% $196 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
01/16/2023 01/16/23 Price Changed $399,999 -2.2% $200 / Sq Ft
01/01/2023 01/01/23 For Sale $409,000 +69.7% $205 / Sq Ft
05/10/2022 05/10/22 Sold $241,000 0.0% $125 / Sq Ft View Prior Sale
05/10/2022 05/10/22 Sold $241,000 +0.5% $121 / Sq Ft View Prior Sale
04/15/2022 04/15/22 Pending -- -- --
04/14/2022 04/14/22 Price Changed $239,900 -4.0% $120 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $249,900 -- $125 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,497 $92,825 $7,500 $85,325
2024 $2,094 $61,775 $4,700 $57,075
2023 $3,763 $61,775 $4,700 $57,075
2022 $2,732 $44,850 $4,700 $40,150
2021 $3,247 $44,850 $4,700 $40,150
2020 $1,935 $26,700 $4,700 $22,000
2019 $853 $26,700 $4,700 $22,000
2018 $853 $26,700 $4,700 $22,000
2017 $873 $26,700 $4,700 $22,000
2016 $987 $22,575 $0 $0
2014 $987 $22,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pennie Heath

    Seller's Agent in 2023

    Pennie Heath

    Bluff City Realty Group, LLC

    (901) 734-1634

    2 in this area

    7 Total Sales

    Pennie Heath
    Section Image
  • Laurence Kenner

    Buyer's Agent in 2023

    Laurence Kenner

    Marx-Bensdorf, REALTORS

    (901) 351-4210

    3 in this area

    28 Total Sales

    Laurence Kenner
    Section Image
  • Jonathan Nunez

    Seller's Agent in 2022

    Jonathan Nunez

    Fast Track Realty, LLC

    (901) 453-8455

    2 in this area

    434 Total Sales

    Jonathan Nunez
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10139656

Memphis Area Association of REALTORS®

APN: 02-8047-0-0047

Tennessee Shelby County Memphis 38112 Chickasaw Gardens

2541 Madison Ave, Memphis, TN

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