NOT LISTED FOR SALE

The Paperworks 408 S Front St Unit 104 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $184,000 - $227,000

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

Last Sold February 12, 2016

Last sale price $127,000 $127 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,235/month

196 Days on Market

Highlights

  • Water Views
  • Gated Parking
  • Main Floor Primary Bedroom
  • The property is located in a historic district
  • Updated Kitchen
  • 5-minute walk to Army Park

About This Home

As of February 2016

Spacious first floor condo in Paperworks, with high ceilings, renovated bathroom and updated kitchen. Great location in the South Main Historic District, close to Beale Street, restaurants and nightlife downtown. The property includes 1 gated parking space, an inviting lobby and rooftop deck with city & river views and gas grills. The property is zoned mixed-use and could serve as a residence or home for a business with Huling Ave. street frontage, as it is used now. Call to see it today.

Last Agent to Sell the Property

Mike Parker

The Firm License #284810 Listed on: 06/25/2015

Last Buyer's Agent

Victoria Fleming

Keller Williams License #331314

Keller Williams

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,259

Year Built

  • Built in 1912

Lot Details

  • 436

Home Design

  • Soft Contemporary Architecture
  • Built-Up Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 959 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Aluminum Window Frames
  • Living Room
  • Den
  • Concrete Flooring

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Home Security

Parking

  • 1 Covered Space
  • Gated Parking
  • Unassigned Parking

Location

  • Ground Level
  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available

Additional Features

  • Outdoor Gas Grill
  • Wrought Iron Fence

Listing and Financial Details

  • Assessor Parcel Number 002105 B00004

Community Details

Overview

  • Property has a Home Owners Association
  • $276 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 62 Units
  • Mid-Rise Condominium
  • Paperworks Community
  • Paperworks Lofts Condo Subdivision
  • Property managed by EZR Management

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,259

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: First Floor Flat, Mid Rise (3-6 Stories)
  • Cross Street: Huling
  • MLS Map #: 745A
  • MAAR Subdivision Name: PAPERWORKS LOFTS CONDOMINIUMS
  • Condo: Yes
  • Historic District: South Main Street HP
  • List Price Per Sq Ft: 132
  • Number Of Stories: 1
  • Price Per Sq Ft: 132.43
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 959
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Den/Great Room, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, 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: Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: Smoke Detector(s), Elevator, Vent Hood/Exhaust Fan, Common Basement
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • Primary Bathroom Description: Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 1, Full Bath

Exterior Features

  • Misc Exterior: Gas Grill, Historic District, Sidewalks, Iron Fence
  • Exterior Windows: Brick Veneer, Aluminum Window(s)
  • Foundation: Full Basement
  • Roof: Built-Up/Flat

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Gated Parking, Gate Clickers, Unassigned Parking

Utilities

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

Association/Amenities

  • Condo Amenities: Water View
  • Condo Fees Include: Some Utilities, Water/Sewer, Trash Collection, Exterior Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Paperworks
  • Management Company: EZR Management

Fee Information

  • Monthly Maintenance Fee: 276

Lot Info

  • Lot Description: Iron Fenced
  • Lot Number: UNIT 104
  • Acreage: 0.01
  • Lot Size: UNIT SQ FT 959
  • Price Per Acre: 12700000

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002105 B00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2015
Closed on
Feb 12, 2016
Sold by
Howell Amy and Howell James
Bought by
Bolton Patrick
Seller's Agent
Mike Parker
The Firm
Buyer's Agent
Victoria Fleming
Keller Williams
List Price
$138,000
Sold Price
$127,000
Premium/Discount to List
-$11,000
-7.97%
Total Days on Market
196
Current Estimated Value
$201,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,380
Avg. Annual Appreciation
5.07%
Original Mortgage
$124,699
Outstanding Balance
$99,825
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$101,555

Purchase Details

Closed on
Mar 6, 2009
Sold by
Hollis Marion and Hollis Cynthia
Bought by
Howell Amy and Howell James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,500
Interest Rate
5.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2005
Sold by
Traywick David
Bought by
Frazier Canby Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2002
Sold by
Front Redevelopment Co Inc
Bought by
Hollis Marion and Hollis Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
7.07%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Bolton Patrick $127,000 None Available
Howell Amy $110,000 None Available
Frazier Canby Louise $162,000 --
Hollis Marion $97,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bolton Patrick $124,699
Previous Owner Howell Amy $73,148
Previous Owner Howell Amy $93,500
Previous Owner Frazier Canby Louise $109,000
Previous Owner Hollis Marion $57,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2016 02/12/16 Sold $127,000 -8.0% $1,270 / Sq Ft
01/07/2016 01/07/16 Pending -- -- --
06/25/2015 06/25/15 For Sale $138,000 -- $1,380 / 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 $1,259 $51,400 $2,850 $48,550
2024 $1,259 $37,125 $2,850 $34,275
2023 $2,262 $37,125 $2,850 $34,275
2022 $2,262 $37,125 $2,850 $34,275
2021 $2,288 $37,125 $2,850 $34,275
2020 $2,297 $31,700 $2,850 $28,850
2019 $2,297 $31,700 $2,850 $28,850
2018 $2,297 $31,700 $2,850 $28,850
2017 $1,303 $31,700 $2,850 $28,850
2016 $1,886 $43,160 $0 $0
2014 $1,886 $43,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Parker

    Seller's Agent in 2016

    Mike Parker

    The Firm

    (901) 277-7275

    78 in this area

    267 Total Sales

    Mike Parker
    Section Image

  • V

    Buyer's Agent in 2016

    Victoria Fleming

    Keller Williams

    (901) 494-5554

    2 in this area

    32 Total Sales

    Victoria Fleming
    Section Image
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About The Paperworks

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9955197

Memphis Area Association of REALTORS®

APN: 00-2105-B0-0004

Tennessee Shelby County Memphis 38103 South Main

408 S Front St Unit 104, Memphis, TN

This home is located at 408 S Front St Unit 104, Memphis, TN 38103 since 25 June 2015 and is currently estimated at $201,380, approximately $201 per square foot. This property was built in 1912. 408 S Front St Unit 104 is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Memphis Grizzlies Preparatory Charter School.

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