NOT LISTED FOR SALE

The Paperworks 408 S Front St Unit 509 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $181,000 - $227,000

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

Last Sold July 03, 2014

Last sale price $121,000 $121 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,242/month

221 Days on Market

Highlights

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

About This Home

As of July 2014

Just Reduced! Building is FHA Approved! Lovely studio/one-bedroom condo with incredible city-skyline views from your living room windows. Concrete floors, updated kitchen with custom cabinets, cambria, claw-foot tub, assigned garage parking. Great rooftop deck with river views and city views of Downtown. 1 Large reserved parking space in the garage under the building, with some extra room for open storage beside it. Close to the Main St./Huling trolley stop, Spindini, and South of Beale.

Last Agent to Sell the Property

Mike Parker

The Firm License #284810 Listed on: 11/18/2013

Co-Listed By

Ashley Bonds

Marx-Bensdorf, REALTORS License #307394

Last Buyer's Agent

Emma Wilson

McWaters & Associates License #322288

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • 566

Home Design

  • Traditional 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
  • Factory Built Fireplace
  • Double Pane Windows
  • Window Treatments
  • Great Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Concrete Flooring
  • Basement Fills Entire Space Under The House
  • Laundry closet

Kitchen

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

Bedrooms and Bathrooms

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

Home Security

Parking

  • 1 Car Attached Garage
  • Gated Parking

Outdoor Features

  • Deck
  • Outdoor Gas Grill

Location

  • The property is located in a historic district

Utilities

  • Central Air
  • Heat Pump System
  • Shared Hot Water
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002105 B00058

Community Details

Overview

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

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: 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: 125
  • Number Of Stories: 1
  • Price Per Sq Ft: 126.17
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 959
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Fireplace: Prefabricated, In Living Room
  • Floors/Ceilings: Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Self Cleaning Oven, Disposal, Dishwasher, Microwave, Cable Wired, Cable Available
  • Living Dining Kitchen: Great Room, LR/DR Combination, Updated/Renovated Kitchen
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Elevator
  • Number Of Fireplaces: 1
  • 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, Walk-In Closet, Full Bath, Smooth Ceiling

Exterior Features

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

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Gated Parking, Gate Clickers, Assigned Parking, Common Parking Garage

Utilities

  • Cooling: Central
  • Heating: Electric Heat Pump
  • Security: Smoke Detector(s), Limited Access, Dead Bolt Lock(s)
  • Water Sewer: Common Hot Water

Association/Amenities

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

Fee Information

  • Monthly Maintenance Fee: 276

Lot Info

  • Lot Number: UNIT 509
  • Lot Size: UNIT SQ FT 959
  • Price Per Acre: 9615385

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002105 B00058

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2013
Closed on
Jul 3, 2014
Sold by
Brien Patrick O and Ely Gary
Bought by
Villines Brennan N
Seller's Agent
Mike Parker
The Firm
Buyer's Agent
Emma Wilson
McWaters & Associates
List Price
$135,900
Sold Price
$121,000
Premium/Discount to List
-$14,900
-10.96%
Current Estimated Value
$205,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,368
Avg. Annual Appreciation
4.86%
Original Mortgage
$102,850
Interest Rate
4.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 14, 2002
Sold by
Front Redevelopment Co Inc
Bought by
Obrien Patrick and Ely Gary
Source: Public Records

Range of Values:

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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
Villines Brennan N $121,000 Fntg
Obrien Patrick $131,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villines Brennan Nelson $15,000
Closed Villines Brennan Nelson $15,000
Open Villines Brennan N $100,000
Closed Villines Brennan N $102,850
Previous Owner Obrien Patrick $30,000
Previous Owner Obrien Patrick $105,029
Previous Owner Obrien Patrick $104,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2014 07/03/14 Sold $121,000 -11.0% $1,210 / Sq Ft
06/27/2014 06/27/14 Pending -- -- --
11/18/2013 11/18/13 For Sale $135,900 -- $1,359 / 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 -- $53,150 $2,850 $50,300
2024 $1,295 $38,200 $2,850 $35,350
2023 $2,327 $38,200 $2,850 $35,350
2022 $2,327 $38,200 $2,850 $35,350
2021 $2,354 $38,200 $2,850 $35,350
2020 $2,362 $32,600 $2,850 $29,750
2019 $2,362 $32,600 $2,850 $29,750
2018 $2,362 $32,600 $2,850 $29,750
2017 $1,340 $32,600 $2,850 $29,750
2016 $1,204 $27,550 $0 $0
2014 $1,204 $27,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Parker

    Seller's Agent in 2014

    Mike Parker

    The Firm

    (901) 277-7275

    76 in this area

    268 Total Sales

    Section Image
  • Ashley Bonds

    Seller Co-Listing Agent in 2014

    Ashley Bonds

    Marx-Bensdorf, REALTORS

    (901) 485-2179

    3 in this area

    72 Total Sales

    Section Image

  • E

    Buyer's Agent in 2014

    Emma Wilson

    McWaters & Associates

    Section Image
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About The Paperworks

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3285668

Memphis Area Association of REALTORS®

APN: 00-2105-B0-0058

Tennessee Shelby County Memphis 38103 South Main

408 S Front St Unit 509, Memphis, TN

This home is located at 408 S Front St Unit 509, Memphis, TN 38103 since 18 November 2013 and is currently estimated at $200,123, approximately $200 per square foot. This property was built in 1912. 408 S Front St Unit 509 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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