NOT LISTED FOR SALE

The Paperworks 408 S Front St Unit 512 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $227,000 - $271,000

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

Sale Details

Date Sold: January 31, 2025

Last sale price $254,000 $159 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,498 / mo

102 Days on Market

Highlights

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

About This Home

As of January 2025

Condo on the top floor of the historic Paperworks Building with the biggest parking space in the garage. It has 2 bedrooms and 1 bath. Stainless steel appliances in kitchen with granite countertops. Large living area with tall ceilings and unique charm with exposed brick and fireplace. Separate dining space next to the kitchen. Full size washer and dryer in laundry with built ins. Beautiful view of the river from the rooftop.

Last Agent to Sell the Property

Penne McWaters

McWaters & Associates License #274629 Listed on: 09/06/2024

Last Buyer's Agent

Andre Pruitt

TRG Real Estate Services, LLC License #351013

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • Wrought Iron Fence
  • Brick Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Built-Up Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,535 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Fireplace Features Masonry
  • Double Pane Windows
  • Window Treatments
  • Aluminum Window Frames
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Concrete Flooring
  • Water Views
  • Basement Fills Entire Space Under The House
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Rear-Facing Garage

Outdoor Features

  • Deck
  • Outdoor Gas Grill

Location

  • The property is located in a historic district

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 002105 B00065

Community Details

Overview

  • Property has a Home Owners Association
  • $531 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • Mid-Rise Community
  • Paperworks Condo Community
  • Paperworks Lofts Condo Subdivision
  • Property managed by Keith Collins

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

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)
  • Cross Street: Huling Ave
  • MAAR Subdivision Name: PAPERWORKS LOFTS CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1535
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Shared Bath
  • Bedrooms: 2
  • Fireplace: Masonry, In Living Room
  • Floors/Ceilings: Concrete Floor, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Fire Sprinklers, Smoke Detector(s), Elevator, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • P R I M A R Y B E D R O O M: Level 1, Full Bath

Exterior Features

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

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1
  • Parking Storage: Back-Load Garage, Gate Clickers

Utilities

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

Association/Amenities

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

Fee Information

  • Monthly Maintenance Fee: 531

Lot Info

  • Lot Description: Level, Corner, Iron Fenced
  • Lot Number: UNIT 512
  • Acreage: 0.01
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 002105 B00065

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Jan 31, 2025
Sold by
Bought by
Seller's Agent
Penne McWaters
McWaters & Associates
Buyer's Agent
Andre Pruitt
TRG Real Estate Services, LLC
List Price
$279,000
Sold Price
$254,000
Premium/Discount to List
-$25,000
-8.96%
Views
54
Current Estimated Value
$247,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,466
Avg. Annual Appreciation
-1.79%
Original Mortgage
$249,399
Outstanding Balance
$247,917
Interest Rate
6.91%
Mortgage Type
FHA
Estimated Equity
-$383

Purchase Details

Closed on
Sep 10, 2020
Sold by
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$254,000 None Listed On Document
$205,000 Executive Title & Closng Inc
$218,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $249,399
Previous Owner $164,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $254,000 -5.6% $181 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
12/12/2024 12/12/24 Price Changed $269,000 -3.6% $192 / Sq Ft
09/06/2024 09/06/24 For Sale $279,000 -- $199 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,019 $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

  • Penne McWaters

    Seller's Agent in 2025

    Penne McWaters

    McWaters & Associates

    (901) 634-1215

    4 in this area

    32 Total Sales

    Penne McWaters
    Section Image
  • Andre Pruitt

    Buyer's Agent in 2025

    Andre Pruitt

    TRG Real Estate Services, LLC

    (901) 870-1224

    4 in this area

    208 Total Sales

    Andre Pruitt
    Section Image
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About The Paperworks

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10180676

Memphis Area Association of REALTORS®

APN: 00-2105-B0-0065

Tennessee Shelby County Memphis 38103 South Main

408 S Front St Unit 512, Memphis, TN

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