NOT LISTED FOR SALE

502 S Main St Unit 1 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $244,000 - $349,000

2 Beds
2.5 Baths
1,800-1,999 Sq Ft
1,786 Sq Ft Lot

Sale Details

Date Sold: April 2, 2015

Last sale price $200,000 $100 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,860 / mo

58 Days on Market

Highlights

  • Soft Contemporary Architecture
  • 3-minute walk to Central Station
  • Porch
  • 1 Fireplace
  • Some Wood Windows
  • 5-minute walk to Army Park

About This Home

As of April 2015

Great Location. Located in the best part of South Main Historic District. This Approximatly 1861 sf 2 bedroom condo has be partially renovated and ready for someone to finish. Plaster has been removed from entire north wall to expose the old brick, flooring removed on 1st level and Master Bath has been completely renovated with $40,000 gut rehab, already done! Nice rear Patio Deck area and Gated 2 car tandem Parking in the rear of condo. Also see Other listing 502 S Main #2 for sale.

Last Agent to Sell the Property

Chris Garland

Crye-Leike, Inc., REALTORS License #232993 Listed on: 12/29/2014

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Stephanie Cobb

Bridge Realty Memphis License #326704

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1913

Lot Details

  • 1,786

Home Design

  • Soft Contemporary Architecture
  • Brick Veneer

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,861 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Some Wood Windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Property has a Home Owners Association
  • Association fees include water/sewer, exterior maintenance, exterior insurance
  • 3 Units
  • 502 S Main Community
  • 502 South Main Street Subdivision
  • Property managed by Woodard Property Man

Listing and Financial Details

  • Assessor Parcel Number 002114 A00001

Property Details

Home Type

Condominium

Year Built

Built in 1913

Lot Details

1,786 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Soft Contemporary
  • Cross Street: GE Patterson
  • MAAR Subdivision Name: 502 SOUTH MAIN CONDOMINIUMS
  • Condo: Yes
  • Historic District: South Main Street HP
  • List Price Per Sq Ft: 118
  • Number Of Stories: 3
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1861
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Of Fireplaces: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Wood Window(s)

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 2
  • Parking Display: 2A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Association/Amenities

  • Condo Fees Include: Water/Sewer, Exterior Maintenance, Exterior Insurance
  • Condominium Association: Yes
  • Condominium Name: 502 S Main
  • Management Company: Woodard Property Man

Lot Info

  • Lot Number: UNIT 1

Tax Info

  • Assessor Parcel Number: 002114 A00001

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

Closed on
Jun 24, 2019
Sold by
Bought by
Current Estimated Value
$297,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2015
Sold by
Bought by

Purchase Details

Listed on
Dec 29, 2014
Closed on
Apr 2, 2015
Sold by
Bought by
Seller's Agent
Chris Garland
Crye-Leike, Inc., REALTORS
Buyer's Agent
Stephanie Cobb
Bridge Realty Memphis
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
Jun 13, 2007
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
$176,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 2001
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
$147,250
Interest Rate
7.23%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Main, TN

  • Valencia Gathwright Real Estate Agent - Keller Williams

    Valencia Gathwright

    Keller Williams

    (901) 350-4332

    89 Total Sales

    6 in South Main

    $219K - $525K Price Range

    Valencia Gathwright
     Section Image
  • Leigh Martin Real Estate Agent - Hobson, REALTORS

    Leigh Martin

    Hobson, REALTORS

    (901) 479-0616

    191 Total Sales

    2 in South Main

    $560K - $580K Price Range

    Leigh Martin
     Section Image
  • Charles Harris Real Estate Agent - Coldwell Banker Collins-Maury

    Charles Harris

    Coldwell Banker Collins-Maury

    (901) 450-5570

    96 Total Sales

    1 in South Main

    $238,000 Price

    Charles Harris
     Section Image
  • Michael Ford Real Estate Agent - Coldwell Banker Heritage Homes

    Michael Ford

    Responds Quickly

    Coldwell Banker Heritage Homes

    (870) 771-3325

    133 Total Sales

    1 in South Main

    $825,000 Price

    Michael Ford
     Section Image
  • Frances Anderson Real Estate Agent - Crye-Leike, Inc., REALTORS

    Frances Anderson

    Crye-Leike, Inc., REALTORS

    (901) 979-5033

    135 Total Sales

    2 in South Main

    $210K - $350K Price Range

    Frances Anderson
     Section Image
  • Scott Carrier Real Estate Agent - Keller Williams

    Scott Carrier

    Keller Williams

    (901) 979-1956

    140 Total Sales

    2 in South Main

    $185K - $355K Price Range

    Scott Carrier
     Section Image
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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
$820,000 Memphis Title Company
-- Attorney
$200,000 None Available
$220,000 None Available
-- --
$155,000 Southern Escrow Title Compan
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 $656,000
Closed $375,000
Previous Owner $176,000
Previous Owner $147,250
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
04/02/2015 04/02/15 Sold $200,000 -9.1% $111 / Sq Ft
02/25/2015 02/25/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $220,000 -- $122 / 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 $2,714 $100,880 $14,120 $86,760
2024 $2,736 $80,720 $14,120 $66,600
2023 $4,917 $80,720 $14,120 $66,600
2022 $4,917 $80,720 $14,120 $66,600
2021 $5,434 $80,720 $14,120 $66,600
2020 $5,075 $70,040 $14,120 $55,920
2019 $2,629 $70,040 $14,120 $55,920
2018 $2,629 $70,040 $14,120 $55,920
2017 $2,682 $70,040 $14,120 $55,920
2016 $2,762 $63,200 $0 $0
2014 $1,726 $39,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Garland Real Estate Agent - Crye-Leike

    Seller's Agent in 2015

    Chris Garland

    Crye-Leike

    (901) 338-3226

    26 in this area

    119 Total Sales

    Chris Garland
    Section Image

  • S

    Buyer's Agent in 2015

    Stephanie Cobb

    Bridge Realty Memphis

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9942227

Memphis Area Association of REALTORS®

APN: 00-2114-A0-0001

Tennessee Shelby County Memphis 38103 South Main

502 S Main St Unit 1, Memphis, TN

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