NOT LISTED FOR SALE

Potters Lofts Condominiums 485 S Front St Unit 204 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $216,000 - $236,888

1 Bed
1.5 Baths
1,000-1,199 Sq Ft
1,176 Sq Ft Lot

Last Sold December 15, 2023

Last sale price $245,000 $204 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,461/month

81 Days on Market

Highlights

  • Gated Community
  • 4-minute walk to Central Station
  • Den
  • Wood Flooring
  • Main Floor Primary Bedroom
  • 1-minute walk to Butler Park

About This Home

As of December 2023

Beautifully renovated condo (1BR/1.5BA + Office/Flex Room) in Potters Lofts. Amazing stone backsplash in kitchen, KitchenAid dishwasher, updated countertops in both bathrooms and kitchen. Fantastic downtown location in South Main District close to Malco Powerhouse movie theater, Memphis Farmers Market, new restaurants and shopping and 1 block walk from Mississippi River. Includes assigned, covered and gated parking spot and gated overflow parking.

Last Agent to Sell the Property

Keith Thompson

eXp Realty, LLC License #360710 Listed on: 08/06/2023

eXp Realty, LLC

Last Buyer's Agent

Peterson Wellford

The Firm License #362310

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,868

Year Built

  • Built in 2003

Lot Details

  • 1,176

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,180 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Den
  • Wood Flooring
  • Burglar Security System
  • Laundry closet

Kitchen

  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Primary Bathroom is a Full Bathroom
  • Double Vanity

Parking

  • 1 Covered Space
  • Assigned Parking
  • Unassigned Parking

Additional Features

  • Wrought Iron Fence
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 002092 A00020

Community Details

Overview

  • Property has a Home Owners Association
  • $295 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, parking
  • Mid-Rise Condominium
  • Potters Lofts Condominiums Subdivision

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,868

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • MLS Map #: 745A
  • MAAR Subdivision Name: POTTERS LOFTS CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 207.63
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1180
  • Year Built: 2003
  • List Price/ Sq Ft: 208
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: Double Vanity Bath
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Fireplace: Ventless Gas Fireplace
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Cooktop, Dishwasher, Microwave
  • Living Dining Kitchen: Separate Den
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Iron Fence
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Assigned Parking, Unassigned Parking

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Burglar Alarm, Smoke Detector(s)

Association/Amenities

  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Parking
  • Condominium Association: Yes
  • Neighborhood Amenities: Gated Neighborhood

Fee Information

  • Monthly Maintenance Fee: 295

Lot Info

  • Lot Description: Iron Fenced
  • Lot Number: UNIT 204
  • Lot Size: 1153

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 002092 A00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Nov 30, 2022
Sold by
Thompson Keith Alphonso
Bought by
Harbert Carlos
Seller's Agent
Keith Thompson
eXp Realty, LLC
Buyer's Agent
Jason Miller
eXp Realty, LLC
List Price
$263,000
Sold Price
$242,000
Premium/Discount to List
-$21,000
-7.98%
Views
25
Current Estimated Value
$238,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,565
Avg. Annual Appreciation
-0.01%
Original Mortgage
$217,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2020
Closed on
Aug 26, 2020
Sold by
Palmore Chuck and Palmore Glenda
Bought by
Thompson Keith Alphonson
Seller's Agent
Mike Parker
The Firm
Buyer's Agent
Jason Miller
eXp Realty, LLC
List Price
$219,000
Sold Price
$220,000
Premium/Discount to List
$1,000
0.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%
Original Mortgage
$209,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2017
Closed on
Jan 7, 2018
Sold by
Potters Loft Owners Assoactionn
Bought by
Palmore Chuck and Palmore Glenda
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Mike Parker
The Firm
List Price
$174,900
Sold Price
$157,500
Premium/Discount to List
-$17,400
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.18%

Purchase Details

Closed on
Jul 14, 2017
Sold by
Howard Anthony
Bought by
Federal National Mortgage Associarion

Purchase Details

Closed on
Dec 30, 2016
Sold by
Fannie Mae
Bought by
Palmore Charles and Palmore Glenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 5, 2016
Sold by
Cantora Mark
Bought by
Potters Lofts Owners Assn and Potters Lofts Condominiums Owners Associ
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
Harbert Carlos $242,000 Preferred Title & Escrow
Thompson Keith Alphonson $220,000 Edco Ttl & Closing Svcs Inc
Palmore Chuck -- None Available
Federal National Mortgage Associarion $126,300 None Available
Palmore Charles $157,500 None Available
Potters Lofts Owners Assn $10,304 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ladner Everette Estus $237,650
Closed Harbert Carlos $217,000
Previous Owner Thompson Keith Alphonson $209,000
Previous Owner Palmore Charles $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $245,000 0.0% $245 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
09/20/2023 09/20/23 Price Changed $245,000 -2.0% $245 / Sq Ft
08/06/2023 08/06/23 For Sale $250,000 +3.3% $250 / Sq Ft
11/30/2022 11/30/22 Sold $242,000 -6.9% $242 / Sq Ft
10/31/2022 10/31/22 Pending -- -- --
10/04/2022 10/04/22 Price Changed $260,000 -1.1% $260 / Sq Ft
09/27/2022 09/27/22 For Sale $263,000 +19.5% $263 / Sq Ft
08/26/2020 08/26/20 Sold $220,000 +0.5% $183 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $219,000 +39.0% $183 / Sq Ft
02/20/2018 02/20/18 Sold $157,500 -9.9% $131 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
10/08/2017 10/08/17 For Sale $174,900 -- $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 $1,868 $60,750 $5,775 $54,975
2024 $1,868 $55,100 $5,775 $49,325
2023 $3,356 $55,100 $5,775 $49,325
2022 $3,356 $55,100 $5,775 $49,325
2021 $1,901 $55,100 $5,775 $49,325
2020 $1,138 $35,600 $5,775 $29,825
2019 $1,138 $35,600 $5,775 $29,825
2018 $1,138 $35,600 $5,775 $29,825
2017 $1,165 $35,600 $5,775 $29,825
2016 $1,468 $33,600 $0 $0
2014 $1,468 $33,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Keith Thompson

    Seller's Agent in 2023

    Keith Thompson

    eXp Realty, LLC

    (901) 490-0009

    2 in this area

    10 Total Sales

    Section Image
  • Peterson Wellford

    Buyer's Agent in 2023

    Peterson Wellford

    The Firm

    (901) 219-9472

    5 in this area

    63 Total Sales

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  • Jason Miller

    Buyer's Agent in 2022

    Jason Miller

    eXp Realty, LLC

    (901) 212-4141

    2 in this area

    236 Total Sales

    Section Image
  • Mike Parker

    Seller's Agent in 2020

    Mike Parker

    The Firm

    (901) 277-7275

    75 in this area

    264 Total Sales

    Section Image

  • C

    Seller's Agent in 2018

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    1 in this area

    38 Total Sales

    Section Image
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About Potters Lofts Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10153816

Memphis Area Association of REALTORS®

APN: 00-2092-A0-0020

Tennessee Shelby County Memphis 38103 South Main

485 S Front St Unit 204, Memphis, TN

This home is located at 485 S Front St Unit 204, Memphis, TN 38103 since 06 August 2023 and is currently estimated at $227,222, approximately $189 per square foot. This property was built in 2003. 485 S Front St Unit 204 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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