$275,000
SOLD SEP 14, 2018

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

South Main Neighborhood
1 Bed
1.5 Baths
1,600-1,799 Sq Ft
436 Sq Ft Lot

Recently Sold

$153 Per Sq Ft

5% Below List Price

3 Days on Market

Highlights

  • Water Views
  • Deck
  • 2 Car Attached Garage
  • The property is located in a historic district
  • Traditional Architecture
  • 5-minute walk to Army Park

About This Home

As of June 2023

This is a fabulous top floor (5th floor) end unit with tons of space and wonderful features!! So spacious with 16 ft, ceilings, big living room windows facing the river, generous closets, and the open kitchen has room for the office with gorgeous custom built-ins! The long time owner has also added custom built-ins to the bedroom and has renovated the bath beautifully. Fee covers ext. insurance, ext and common area maintenance, & all utilities except electricity.

Last Agent to Sell the Property

Charlotte Lyles

Hobson, REALTORS License #242146 Listed on: 08/01/2018

Last Buyer's Agent

Bob Rowe

Hobson, REALTORS License #239315

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,813

Year Built

  • Built in 1912

Home Design

  • Traditional Architecture
  • Built-Up Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,570 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Factory Built Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom

Laundry

  • Laundry closet
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Home Security

  • Security Gate
  • Termite Clearance
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • The property is located in a historic district

Listing and Financial Details

  • Assessor Parcel Number 002105 B00062

Community Details

Overview

  • Property has a Home Owners Association
  • $450 Maintenance Fee
  • Association fees include some utilities, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • Mid-Rise Condominium
  • Paperworks Community
  • Paperworks Lofts Condo Subdivision
  • Property managed by Keith Collins

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

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
  • MLS Map #: 745A
  • MAAR Subdivision Name: PAPERWORKS LOFTS CONDOMINIUMS
  • Condo: Yes
  • Historic District: South Main Street HP
  • List Price Per Sq Ft: 185
  • Number Of Stories: 1
  • Price Per Sq Ft: 175.16
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1570
  • Termite Contract: Yes
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Fireplace: Prefabricated, Presently Inoperative, In Living Room
  • Floors/Ceilings: Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Fire Sprinklers, Cat/Dog Free House, Smoke Detector(s), Elevator, Common Basement
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1.1
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath, Smooth Ceiling

Exterior Features

  • Misc Exterior: Deck, Historic District
  • 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: 2
  • Parking Display: G2A
  • Parking Storage: Garage Door Opener(s), Back-Load Garage, Assigned Parking, Common Parking Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central, Gas
  • Security: Smoke Detector(s), Security Gate, Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

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

Fee Information

  • Monthly Maintenance Fee: 450

Lot Info

  • Lot Number: UNIT 513
  • Acreage: 0.01
  • Lot Size: UNIT SQ FT 1670
  • Price Per Acre: 28990000

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 002105 B00062

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%
Total Days on Market
3
Views
132
Current Estimated Value
$315,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,499
Avg. Annual Appreciation
-5.18%

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
-2.51%

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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 None Listed On Document
Quit Claim Deed -- --
Warranty Deed $350,000 None Available
Warranty Deed $276,500 None Available
Warranty Deed $276,500 None Available
Warranty Deed $275,000 None Available
Warranty Deed $211,000 Memphis Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $220,000 New Conventional
Previous Owner $221,200 New Conventional
Previous Owner $129,650 New Conventional
Previous Owner $60,000 Credit Line Revolving
Previous Owner $30,000 Credit Line Revolving
Previous Owner $10,000 Credit Line Revolving
Previous Owner $168,800 Unknown
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

    90 Total Sales

    Fontaine Albritton
    Section Image
  • Mike Parker

    Buyer's Agent in 2023

    Mike Parker

    The Firm

    (901) 277-7275

    78 in this area

    267 Total Sales

    Mike Parker
    Section Image
  • Amanda Lott

    Seller's Agent in 2021

    Amanda Lott

    BHHS McLemore & Co., Realty

    (901) 461-9246

    45 in this area

    362 Total Sales

    Amanda Lott
    Section Image
  • Carol Lott

    Seller Co-Listing Agent in 2021

    Carol Lott

    BHHS McLemore & Co., Realty

    (901) 461-4869

    45 in this area

    358 Total Sales

    Carol Lott
    Section Image
  • Bob Rowe

    Seller's Agent in 2019

    Bob Rowe

    Hobson, REALTORS

    (901) 274-5101

    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: 10033264

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 and is currently priced at $275,000, approximately $152 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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