NOT LISTED FOR SALE

The Paperworks 408 S Front St Unit 513 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $249,000 - $311,320

1 Bed
1.5 Baths
1,400-1,599 Sq Ft
915 Sq Ft Lot

Last Sold June 27, 2023

Last sale price $350,000 $219 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $1,695/month

66 Days on Market

Highlights

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

About This Home

As of June 2023

Excellent River View!! One of the coolest condos downtown + parking is included! Spacious floor plan features high ceilings, renovated chef's kitchen w/island, primary bath has large shower, remodeled laundry room, bonus half bath, great built-ins, motorized window treatments. Super easy access to rooftop deck & grill. Extra deep designated garage parking can fit 2 cars + 3rd gated parking space. Walk to everything, in the heart of it all! Do not miss!

Last Agent to Sell the Property

Fontaine Albritton

Crye-Leike, Inc., REALTORS License #266545 Listed on: 04/03/2023

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Mike Parker

The Firm License #284810

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,813

Year Built

  • Built in 1912

Lot Details

  • Wrought Iron Fence
  • Chain Link Fence
  • Brick Fence

Home Design

  • Traditional Architecture
  • Built-Up Roof
  • Pier And Beam

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,562 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Factory Built Fireplace
  • Decorative Fireplace
  • Double Pane Windows
  • Window Treatments
  • Aluminum Window Frames
  • Entrance Foyer
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Concrete Flooring
  • Termite Clearance

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Powder Room
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Gated Parking
  • Parking Lot
  • Assigned Parking
  • Unassigned Parking

Outdoor Features

  • Deck
  • Outdoor Gas Grill

Location

  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • Property has a Home Owners Association
  • $545 Maintenance Fee
  • 62 Units
  • Mid-Rise Condominium
  • Paperworks Lofts Community
  • Paperworks Lofts Condo Subdivision
  • Property managed by Keith Collins

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,813

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)
  • Detached Unit Type: General Residential
  • 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: 243
  • Number Of Stories: 1
  • Price Per Sq Ft: 224.07
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1562
  • Termite Contract: Yes
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom, Half Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Fireplace: Prefabricated, Decorative Only, In Living Room
  • Floors/Ceilings: Concrete Floor, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Powder/Dressing Room, Elevator, Vent Hood/Exhaust Fan, Common Basement
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Entry Hall
  • Total Bathrooms: 1.1
  • Primary Bathroom Description: Separate Shower
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Built-In Cabinets/Bkcases

Exterior Features

  • Misc Exterior: Gas Grill, Deck, Historic District, Brick or Stone Fence, Chain Fence, Sidewalks
  • Exterior Windows: Brick Veneer, Aluminum Window(s), Double Pane Window(s)
  • Foundation: Conventional, 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: Garage Door Opener(s), Back-Load Garage, Gated Parking, Gate Clickers, Parking Lot, Assigned Parking, Unassigned Parking

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condominium Association: Yes
  • Condominium Name: Paperworks Lofts
  • Management Company: Keith Collins

Fee Information

  • Monthly Maintenance Fee: 545

Lot Info

  • Lot Description: Level, Chain Fenced, Iron Fenced, Brick/Iron Fenced
  • Lot Size: Unit SQ FT 1562

Multi Family

  • Number Of Rooms: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Jun 22, 2023
Sold by
Black Carl
Bought by
Prewitt Thomas Ryan and Prewitt Ellen Morris
Seller's Agent
Fontaine Albritton
Crye-Leike, Inc., REALTORS
Buyer's Agent
Mike Parker
The Firm
List Price
$389,000
Sold Price
$350,000
Premium/Discount to List
-$39,000
-10.03%
Views
132
Current Estimated Value
$279,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$70,420
Avg. Annual Appreciation
-4.80%

Purchase Details

Closed on
Mar 22, 2023
Sold by
Wilkinson Parker S
Bought by
Black Carl

Purchase Details

Listed on
Mar 11, 2021
Closed on
May 11, 2021
Sold by
Hackney Charles Richard and Hackney Kelly Marie
Bought by
Wilkinon Parker S and Black Carl
Seller's Agent
Amanda Lott
BHHS McLemore & Co., Realty
Buyer's Agent
Fontaine Albritton
Crye-Leike, Inc., REALTORS
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.42%

Purchase Details

Listed on
Nov 20, 2018
Closed on
Jan 10, 2019
Sold by
Newlin Trenary Pearce Hartley and Newlin Presley Steven
Bought by
Hackney Charles Richard and Hackney Kelly Marie
Seller's Agent
Bob Rowe
Hobson, REALTORS
Buyer's Agent
Carol Lott
BHHS McLemore & Co., Realty
List Price
$279,900
Sold Price
$276,500
Premium/Discount to List
-$3,400
-1.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.65%
Original Mortgage
$221,200
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2018
Closed on
Jan 9, 2019
Sold by
Newlin Trenary Pearce Hartley and Newlin Presley Steven
Bought by
Hackney Charles Richard and Hackney Kelly Marie
Seller's Agent
Bob Rowe
Hobson, REALTORS
Buyer's Agent
Carol Lott
BHHS McLemore & Co., Realty
List Price
$279,900
Sold Price
$276,500
Premium/Discount to List
-$3,400
-1.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,200
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2018
Closed on
Sep 14, 2018
Sold by
Dement Perry D
Bought by
Trenary Philip Hartley
Seller's Agent
Charlotte Lyles
Hobson, REALTORS
Buyer's Agent
Bob Rowe
Hobson, REALTORS
List Price
$289,900
Sold Price
$275,000
Premium/Discount to List
-$14,900
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.71%

Purchase Details

Closed on
May 27, 2003
Sold by
Bindsell James J
Bought by
Dement Perry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,800
Interest Rate
5.79%
Mortgage Type
Unknown
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
Prewitt Thomas Ryan $350,000 None Listed On Document
Black Carl -- --
Wilkinon Parker S $350,000 None Available
Hackney Charles Richard $276,500 None Available
Hackney Charles Richard $276,500 None Available
Trenary Philip Hartley $275,000 None Available
Dement Perry D $211,000 Memphis Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hackney Charles Richard $220,000
Previous Owner Hackney Charles Richard $221,200
Previous Owner Dement Perry D $129,650
Previous Owner Dement Perry D $60,000
Previous Owner Dement Perry D $30,000
Previous Owner Dement Perry D $10,000
Previous Owner Dement Perry D $168,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2023 06/27/23 Sold $350,000 -7.7% $250 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/19/2023 05/19/23 Price Changed $379,000 -2.6% $271 / Sq Ft
04/03/2023 04/03/23 For Sale $389,000 0.0% $278 / Sq Ft
03/17/2022 03/17/22 Rented $2,750 0.0% --
02/25/2022 02/25/22 For Rent $2,750 0.0% --
09/30/2021 09/30/21 Rented $2,750 0.0% --
08/09/2021 08/09/21 For Rent $2,750 0.0% --
05/11/2021 05/11/21 Sold $350,000 0.0% $250 / Sq Ft
03/11/2021 03/11/21 For Sale $350,000 +26.6% $250 / Sq Ft
01/10/2019 01/10/19 Sold $276,500 -1.2% $173 / Sq Ft
12/30/2018 12/30/18 Pending -- -- --
11/20/2018 11/20/18 For Sale $279,900 +1.8% $175 / Sq Ft
09/14/2018 09/14/18 Sold $275,000 -5.1% $172 / Sq Ft
08/01/2018 08/01/18 For Sale $289,900 -- $181 / 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 $1,813 $82,625 $4,625 $78,000
2024 $1,813 $53,475 $4,625 $48,850
2023 $3,258 $53,475 $4,625 $48,850
2022 $3,258 $53,475 $4,625 $48,850
2021 $1,845 $53,475 $4,625 $48,850
2020 $2,976 $41,075 $4,625 $36,450
2019 $1,313 $41,075 $4,625 $36,450
2018 $1,313 $41,075 $4,625 $36,450
2017 $1,344 $41,075 $4,625 $36,450
2016 $1,471 $33,650 $0 $0
2014 $1,471 $33,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fontaine Albritton

    Seller's Agent in 2023

    Fontaine Albritton

    Crye-Leike

    (901) 634-3436

    5 in this area

    92 Total Sales

    Section Image
  • Mike Parker

    Buyer's Agent in 2023

    Mike Parker

    The Firm

    (901) 277-7275

    77 in this area

    269 Total Sales

    Section Image
  • Amanda Lott

    Seller's Agent in 2021

    Amanda Lott

    BHHS McLemore & Co., Realty

    (901) 461-9246

    44 in this area

    361 Total Sales

    Section Image
  • Carol Lott

    Seller Co-Listing Agent in 2021

    Carol Lott

    BHHS McLemore & Co., Realty

    (901) 461-4869

    44 in this area

    353 Total Sales

    Section Image

  • B

    Seller's Agent in 2019

    Bob Rowe

    Hobson, REALTORS

    Section Image

  • C

    Seller's Agent in 2018

    Charlotte Lyles

    Hobson, REALTORS

    Section Image
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About The Paperworks

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10145123

Memphis Area Association of REALTORS®

APN: 00-2105-B0-0062

Tennessee Shelby County Memphis 38103 South Main

408 S Front St Unit 513, Memphis, TN

This home is located at 408 S Front St Unit 513, Memphis, TN 38103 since 03 April 2023 and is currently estimated at $279,580, approximately $174 per square foot. This property was built in 1912. 408 S Front St Unit 513 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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