NOT LISTED FOR SALE

The Paperworks 408 S Front St Unit 309 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $171,000 - $189,000

1 Bed
1 Bath
995 Sq Ft
436 Sq Ft Lot

Last Sold September 27, 2021

Last sale price $180,000 $181 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,064/month

46 Days on Market

Highlights

  • The property is located in a historic district
  • Traditional Architecture
  • Brick Veneer
  • Gated Parking
  • Double Pane Windows
  • 5-minute walk to Army Park

About This Home

As of September 2021

SUPER! Condo in Paperworks! Located, Perfectly, In The South Main Arts District This Loft Condo Has GREAT Soaring Ceilings, Gorgeous Painted Concrete Floors, Fantastic Lighting! Wonderfully Private Homes In this Building And A Rooftop You'll Love! It Has Super Views Of Memphis Skyline, The Forum, the River!!!! The Building Has Very Controlled Access and The unit comes with one secure parking space in the building's controlled access surface lot. It's ONE Open Space ~ LR BR Measures Approx!

Last Agent to Sell the Property

Bill Malone

Crye-Leike, Inc., REALTORS License #220635 Listed on: 07/30/2021

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Kelly Jankovsky

Epique Realty License #341938

Epique Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • 436

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 995 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • Window Treatments
  • Concrete Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Gated Parking
  • Unassigned Parking

Utilities

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

Additional Features

  • Brick Fence
  • The property is located in a historic district

Community Details

  • Property has a Home Owners Association
  • $334 Maintenance Fee
  • Association fees include exterior maintenance, grounds maintenance, trash collection, water/sewer
  • 60 Units
  • Mid-Rise Condominium
  • Paperworks Community
  • Paperworks Lofts Condo Subdivision
  • Property managed by Keith Collins

Listing and Financial Details

  • Assessor Parcel Number 002105 B00030

Property Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

436 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • Cross Street: Huling
  • MAAR Subdivision Name: PAPERWORKS LOFTS CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 181
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 995
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 1
  • Floors/Ceilings: Concrete Floor, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer, Cable Available
  • Misc Interior: All Window Treatments, 2 or More Elevators, Vent Hood/Exhaust Fan
  • Other Rooms: Laundry Room
  • Primary Bathroom Description: Smooth Ceiling

Exterior Features

  • Misc Exterior: Historic District
  • Exterior Windows: Brick Veneer, Double Pane Window(s)

Garage/Parking

  • Parking Storage: Gated Parking, Unassigned Parking

Utilities

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

Association/Amenities

  • Condo Fees Include: Exterior Maintenance, Grounds Maintenance, Trash Collection, Water/Sewer
  • Condominium Association: Yes
  • Condominium Name: Paperworks
  • Management Company: Keith Collins

Fee Information

  • Monthly Maintenance Fee: 334

Lot Info

  • Lot Description: Brick/Iron Fenced
  • Lot Number: UNIT 309
  • Acreage: 0.01
  • Lot Size: UNIT SQ FT 959

Tax Info

  • Assessor Parcel Number: 002105 B00030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 27, 2021
Sold by
Dement Gregory Joe and Dement Tonna J
Bought by
Reese Leigh Ann
Seller's Agent
Bill Malone
Crye-Leike, Inc., REALTORS
Buyer's Agent
Kelly Jankovsky
Epique Realty
List Price
$180,000
Sold Price
$180,000
Current Estimated Value
$182,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,339
Avg. Annual Appreciation
0.29%
Original Mortgage
$171,000
Outstanding Balance
$155,936
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$26,403

Purchase Details

Closed on
Dec 10, 2015
Sold by
Ada Michael
Bought by
Dement Gregory Jo and Dement Tonna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2007
Sold by
Baker Michael T
Bought by
Franklin Alvin T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,980
Interest Rate
6.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 30, 2003
Sold by
Front Redevelopment Co Inc
Bought by
Baker Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.12%
Mortgage Type
Unknown
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

Date Buyer Sale Price Title Company
Reese Leigh Ann $180,000 Mid South Title Svcs Llc
Dement Gregory Jo $85,000 Multiple
Franklin Alvin T $139,900 None Available
Baker Michael T $118,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reese Leigh Ann $171,000
Previous Owner Dement Gregory Jo $68,000
Previous Owner Franklin Alvin T $27,980
Previous Owner Franklin Alvin T $111,920
Previous Owner Baker Michael T $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2021 09/27/21 Sold $180,000 0.0% $181 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $180,000 +121.2% $181 / Sq Ft
07/16/2014 07/16/14 Sold $81,375 -38.4% $814 / Sq Ft View Prior Sale
07/07/2014 07/07/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $132,000 -- $1,320 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $1,007 $37,125 $2,850 $34,275
2020 $2,297 $31,700 $2,850 $28,850
2019 $1,013 $31,700 $2,850 $28,850
2018 $1,013 $31,700 $2,850 $28,850
2017 $1,037 $31,700 $2,850 $28,850
2016 $1,204 $27,550 $0 $0
2014 $1,204 $27,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Malone

    Seller's Agent in 2021

    Bill Malone

    Crye-Leike, Inc., REALTORS

    (901) 359-4000

    2 in this area

    56 Total Sales

    Bill Malone
    Section Image
  • Kelly Jankovsky

    Buyer's Agent in 2021

    Kelly Jankovsky

    Epique Realty

    (731) 413-8080

    1 in this area

    180 Total Sales

    Kelly Jankovsky
    Section Image

  • M

    Seller's Agent in 2014

    Mara Cathey

    eXp Realty, LLC

    Section Image
  • Rose Frommelt

    Buyer's Agent in 2014

    Rose Frommelt

    Fast Track Realty, LLC

    (901) 210-8165

    3 Total Sales

    Rose Frommelt
    Section Image
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About The Paperworks

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10105248

Memphis Area Association of REALTORS®

APN: 00-2105-B0-0030

Tennessee Shelby County Memphis 38103 South Main

408 S Front St Unit 309, Memphis, TN

Not Listed for Sale

Condos

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