NOT LISTED FOR SALE

Estimated Value: $236,000 - $261,000

2 Beds
1 Bath
1,400-1,599 Sq Ft
915 Sq Ft Lot

Last Sold December 07, 2020

Last sale price $205,000 $128 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,559/month

4 Days on Market

Highlights

  • Gated Parking
  • Some Wood Windows
  • Concrete Flooring
  • Traditional Architecture
  • Central Heating and Cooling System
  • 5-minute walk to Army Park

About This Home

As of December 2020

This home is located at 408 S Front St Unit 512, Memphis, TN 38103 since 01 December 2020 and is currently estimated at $251,089, approximately $179 per square foot. This property was built in 1912. 408 S Front St Unit 512 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.

Last Agent to Sell the Property

Penne McWaters

McWaters & Associates License #274629 Listed on: 12/01/2020

Last Buyer's Agent

Penne McWaters

McWaters & Associates License #274629 Listed on: 12/01/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,787

Year Built

  • Built in 1912

Lot Details

  • 915

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,500 Sq Ft Home
  • Some Wood Windows
  • Concrete Flooring

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Covered Space
  • Gated Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • $216 Maintenance Fee
  • Paperworks Lofts Condominiums Subdivision
  • 5-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,787

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 745A
  • MAAR Subdivision Name: Paperworks Lofts Condominiums
  • Condo: Yes
  • List Price Per Sq Ft: 137
  • Number Of Stories: 5
  • Price Per Sq Ft: 136.67
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1500
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Concrete Floor
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Exterior Features

  • Exterior Windows: Wood/Composition

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Gated Parking

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 216

Lot Info

  • Lot Number: 512

Multi Family

  • Number Of Rooms: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2025
Sold by
Mcwaters Thomas W
Bought by
Brooks Xavier
Total Days on Market
4
Current Estimated Value
$251,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,399
Outstanding Balance
$249,399
Interest Rate
6.91%
Mortgage Type
FHA
Estimated Equity
$11,753

Purchase Details

Closed on
Sep 10, 2020
Sold by
Chandler Charles Lee and Chandler Claire L
Bought by
Mcwaters Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2003
Sold by
Vining Edward C
Bought by
Vining Judy Ann
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
Brooks Xavier $254,000 None Listed On Document
Mcwaters Thomas W $205,000 Executive Title & Closng Inc
Vining Judy Ann $218,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooks Xavier $249,399
Previous Owner Mcwaters Thomas W $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $205,000 0.0% $146 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $205,000 -- $146 / 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 $1,787 $75,050 $4,525 $70,525
2024 $1,787 $52,700 $4,525 $48,175
2023 $3,210 $52,700 $4,525 $48,175
2022 $3,210 $52,700 $4,525 $48,175
2021 $3,248 $52,700 $4,525 $48,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10090914

Memphis Area Association of REALTORS®

APN: 00-2105-B0-0065