NOT LISTED FOR SALE

421 S Main St Unit 304 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $200,000 - $240,000

1 Bed
1 Bath
1,200-1,399 Sq Ft
871 Sq Ft Lot

Last Sold February 24, 2021

Last sale price $180,000 $129 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,386/month

197 Days on Market

Highlights

  • The property is located in a historic district
  • 4-minute walk to Central Station
  • Eat-In Kitchen
  • Gated Parking
  • Traditional Architecture
  • 4-minute walk to Army Park

About This Home

As of February 2021

Check out this charming Downtown Memphis Condo. Located in the Historic South Main District. Open floor plan with exposed brick and wood beams throughout. Large picture windows overlook South Main and The National Civil Rights Museum. Located on the trolley line and near everything downtown has to offer. Gated parking with 1 assigned spot.

Last Agent to Sell the Property

Daniel Lane

KAIZEN Realty, LLC License #300474 Listed on: 07/19/2020

KAIZEN Realty, LLC

Last Buyer's Agent

Monica Bynum

Crye-Leike, Inc., REALTORS License #343193

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,592

Year Built

  • Built in 1912

Lot Details

  • 871

Parking

  • Gated Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,280 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Location

  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association
  • $304 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • Mid-Rise Condominium
  • Hotline Lofts Community
  • Hotline Lofts Condominiums 1St Amendment Subdivision
  • Property managed by Property Solutions

Listing and Financial Details

  • Assessor Parcel Number 002105 D00014

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,592

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)
  • MLS Map #: 745A
  • MAAR Subdivision Name: HOTLINE LOFTS CONDOMINIUMS
  • Condo: Yes
  • Historic District: South Main Street HP
  • List Price Per Sq Ft: 152
  • Number Of Stories: 1
  • Price Per Sq Ft: 140.63
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1280
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Fireplace: Vented Gas Fireplace, In Living Room
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Gas Cooking, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: LR/DR Combination, Eat-In Kitchen, Breakfast Bar, Island In Kitchen, Washer/Dryer Connections
  • Master Bedroom: Carpet
  • Master Bedroom Dimensions: 17x12
  • Misc Interior: Walk-In Closet(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Historic District
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Gated Parking

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Electric Water Heater

Association/Amenities

  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking
  • Condominium Association: Yes
  • Condominium Name: Hotline Lofts
  • Management Company: Property Solutions

Fee Information

  • Monthly Maintenance Fee: 304

Lot Info

  • Lot Number: UNIT 304
  • Acreage: 0.02
  • Lot Size: 100 X 170
  • Price Per Acre: 9700000

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 002105 D00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2017
Closed on
May 29, 2018
Sold by
Taylor Kyle Martin and Cogbill Cynthia Jean
Bought by
Miller Sara J
Seller's Agent
Stephanie Cobb
Bridge Realty Memphis
Buyer's Agent
Larry Unterberger
Keller Williams
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%
Current Estimated Value
$228,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,869
Avg. Annual Appreciation
3.63%
Original Mortgage
$171,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 14, 2017
Closed on
May 25, 2018
Sold by
Taylor Kyle Martin and Cogbill Cynthia Jean
Bought by
Miller Sara J
Seller's Agent
Stephanie Cobb
Bridge Realty Memphis
Buyer's Agent
Larry Unterberger
Keller Williams
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 18, 2013
Sold by
Lynch & Weddle Holdings Gp
Bought by
Taylor Kyle Martin and Coghill Cynthia Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2009
Sold by
Mid South Renaissance Partners
Bought by
Lynch & Weddle Holdings Gp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Interest Rate
5.03%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Miller Sara J $180,000 None Available
Miller Sara J $180,000 None Available
Taylor Kyle Martin $125,000 Edco Title & Closing Service
Lynch & Weddle Holdings Gp $525,000 Tam Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Sara J $171,000
Previous Owner Taylor Kyle Martin $100,000
Previous Owner Lynch & Weddle Holdings Gp $446,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $180,000 -7.2% $150 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
08/25/2020 08/25/20 Price Changed $194,000 -2.5% $162 / Sq Ft
07/19/2020 07/19/20 For Sale $199,000 +10.6% $166 / Sq Ft
05/29/2018 05/29/18 Sold $180,000 -5.2% $144 / Sq Ft
04/26/2018 04/26/18 Pending -- -- --
12/14/2017 12/14/17 For Sale $189,900 -- $152 / 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 $1,592 $54,675 $3,350 $51,325
2024 $1,592 $46,950 $3,350 $43,600
2023 $2,860 $46,950 $3,350 $43,600
2022 $2,860 $46,950 $3,350 $43,600
2021 $1,620 $46,950 $3,350 $43,600
2020 $2,139 $29,525 $3,350 $26,175
2019 $944 $29,525 $3,350 $26,175
2018 $944 $29,525 $3,350 $26,175
2017 $966 $29,525 $3,350 $26,175
2016 $1,160 $26,550 $0 $0
2014 $1,160 $26,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Lane

    Seller's Agent in 2021

    Daniel Lane

    KAIZEN Realty, LLC

    (901) 734-7534

    1 in this area

    96 Total Sales

    Section Image
  • Monica Bynum

    Buyer's Agent in 2021

    Monica Bynum

    Crye-Leike, Inc., REALTORS

    (901) 833-5456

    2 in this area

    230 Total Sales

    Section Image

  • S

    Seller's Agent in 2018

    Stephanie Cobb

    Bridge Realty Memphis

    Section Image

  • L

    Buyer's Agent in 2018

    Larry Unterberger

    Keller Williams

    (414) 507-7681

    3 in this area

    32 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10080938

Memphis Area Association of REALTORS®

APN: 00-2105-D0-0014

Tennessee Shelby County Memphis 38103 South Main

421 S Main St Unit 304, Memphis, TN

This home is located at 421 S Main St Unit 304, Memphis, TN 38103 since 19 July 2020 and is currently estimated at $226,361, approximately $161 per square foot. This property was built in 1912. 421 S Main St Unit 304 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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