NOT LISTED FOR SALE

The Paperworks 408 S Front St Unit 203 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $182,000 - $214,000

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

Last Sold July 12, 2024

Last sale price $219,000 $219 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,185/month

35 Days on Market

Highlights

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

About This Home

As of July 2024

Awesome Studio with separate area for the bedroom. Lot of natural light with windows on the front and side of the condo which is rare. Renovated bath and kitchen. New HVAC unit recently installed. Condo has just been painted and staged. 1 parking space in the basement of the building. Parking space is #19 which is an end parking space. Condo is easy to show and ready for new owner. Walking distance to Main St, Trolley, shopping and restaurants. Also walking distance to River & park.

Last Agent to Sell the Property

Kendall Haney

901 Real Estate Services License #218380 Listed on: 04/29/2024

Last Buyer's Agent

Justin Stevens

Dream Maker Realty, LLC License #363955

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,273

Year Built

  • Built in 2003

Lot Details

  • 523

Home Design

  • Soft Contemporary Architecture
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 919 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Concrete Flooring

Kitchen

  • Updated Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • 1 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Gated Parking
  • Assigned Parking

Location

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

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Shared Hot Water

Community Details

  • Property has a Home Owners Association
  • $319 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • Mid-Rise Condominium
  • Paper Works Community
  • Paperworks Lofts Condo Subdivision
  • Property managed by Keith Collins

Listing and Financial Details

  • Assessor Parcel Number 002105 B00014

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,273

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: Mid Rise (3-6 Stories), Upstairs - Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 745A
  • MAAR Subdivision Name: PAPERWORKS LOFTS CONDOMINIUMS
  • Condo: Yes
  • Historic District: South Main Street HP
  • Number Of Stories: 1
  • Price Per Sq Ft: 238.3
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 919
  • Year Built: 2003
  • List Price/ Sq Ft: 245
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Concrete Floor, Smooth Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments
  • 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: Historic District
  • Exterior Windows: Wood Window(s), Double Pane Window(s)
  • Foundation: Slab
  • Roof: Built-Up/Flat

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Garage Door Opener(s), Side-Load Garage, Gated Parking, Gate Clickers, Assigned Parking

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central, Electric
  • Water Sewer: Common Hot Water, Public Sewer

Association/Amenities

  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking
  • Condominium Association: Yes
  • Condominium Name: Paper Works
  • Management Company: Keith Collins

Fee Information

  • Monthly Maintenance Fee: 319

Lot Info

  • Lot Number: UNIT 203
  • Lot Size: 000
  • Price Per Acre: 22500000

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002105 B00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
Jul 12, 2024
Sold by
Michael And Katherine Elsenrath Trust and Elsenrath Michael C
Bought by
Pickens Brett
Seller's Agent
Kendall Haney
901 Real Estate Services
Buyer's Agent
Justin Stevens
Dream Maker Realty, LLC
List Price
$235,000
Sold Price
$219,000
Premium/Discount to List
-$16,000
-6.81%
Views
64
Current Estimated Value
$202,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,485
Avg. Annual Appreciation
-6.47%
Original Mortgage
$215,033
Outstanding Balance
$212,861
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
-$10,346

Purchase Details

Closed on
Feb 12, 2018
Sold by
Elsenrath Michael C
Bought by
Elsenrath Katherine E and Elsenrath Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.32%

Purchase Details

Closed on
Aug 14, 2014
Sold by
Auterman Steven L
Bought by
Elsenrath Michael Christian

Purchase Details

Closed on
Apr 14, 2006
Sold by
Vining Edward C
Bought by
Auterman Steven L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,575
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 5, 2003
Sold by
Vining James L
Bought by
Vining Edward C

Purchase Details

Closed on
Jan 10, 2003
Sold by
Shotkoski Gregory J
Bought by
Vining James L and The Vining Grandchildrens Trust

Purchase Details

Closed on
May 28, 2002
Sold by
Front Redevelopment Co Inc
Bought by
Shotkoski Gregory J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,400
Interest Rate
6.85%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Pickens Brett $219,000 None Listed On Document
Elsenrath Katherine E -- --
Elsenrath Michael Christian $115,000 None Available
Auterman Steven L $158,500 Ct
Vining Edward C -- --
Vining James L $103,591 --
Shotkoski Gregory J $105,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pickens Brett $215,033
Previous Owner Elsenrath Katherine E --
Previous Owner Auterman Steven L $150,575
Previous Owner Shotkoski Gregory J $84,400
Closed Shotkoski Gregory J $21,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $219,000 -2.7% $2,190 / Sq Ft
05/20/2024 05/20/24 Price Changed $225,000 -4.3% $2,250 / Sq Ft
04/29/2024 04/29/24 For Sale $235,000 -- $2,350 / 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 $1,273 $53,700 $2,700 $51,000
2024 -- $37,550 $2,700 $34,850
2023 $2,287 $37,550 $2,700 $34,850
2022 $2,287 $37,550 $2,700 $34,850
2021 $2,314 $37,550 $2,700 $34,850
2020 $2,083 $28,750 $2,700 $26,050
2019 $2,083 $28,750 $2,700 $26,050
2018 $2,083 $28,750 $2,700 $26,050
2017 $1,182 $28,750 $2,700 $26,050
2016 $1,186 $27,150 $0 $0
2014 $1,186 $27,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kendall Haney

    Seller's Agent in 2024

    Kendall Haney

    901 Real Estate Services

    (901) 218-8887

    20 in this area

    94 Total Sales

    Kendall Haney
    Section Image

  • J

    Buyer's Agent in 2024

    Justin Stevens

    Dream Maker Realty, LLC

    (662) 996-6929

    1 in this area

    32 Total Sales

    Justin Stevens
    Section Image
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About The Paperworks

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10171223

Memphis Area Association of REALTORS®

APN: 00-2105-B0-0014

Tennessee Shelby County Memphis 38103 South Main

408 S Front St Unit 203, Memphis, TN

This home is located at 408 S Front St Unit 203, Memphis, TN 38103 since 29 April 2024 and is currently estimated at $202,515, approximately $202 per square foot. This property was built in 2003. 408 S Front St Unit 203 is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Southwest Early College High School.

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