NOT LISTED FOR SALE

502 S Main St Unit 2 Memphis, TN 38103

South Main Neighborhood

Estimated Value: $246,676 - $284,000

2 Beds
2.5 Baths
1,200-1,399 Sq Ft
1,786 Sq Ft Lot

Sale Details

Date Sold: April 2, 2015

Last sale price $140,000 $100 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,685 / mo

57 Days on Market

Highlights

  • Updated Kitchen
  • 3-minute walk to Central Station
  • Home Office
  • Deck
  • Soft Contemporary Architecture
  • 5-minute walk to Army Park

About This Home

As of April 2015

Great LOCATION! Very Cool mulit-level condo in the best part of South Main Historic District. 2 BD+Flex area, 2.5 Bath, 2 gated (uncovered) parking places, front and rear entry. Could use some updating but great price and location. Also see 502 S Main #1 for sale in MLS, these units are both for sale and could be combined to make one large over 3,000 sf condo!

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

  • 1,200-1,399 Sq Ft Home
  • 1,325 Sq Ft Home
  • 1-Story Property
  • Factory Built Fireplace
  • Some Wood Windows
  • Combination Dining and Living Room
  • Home Office

Kitchen

  • Updated Kitchen
  • Microwave
  • Dishwasher

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Primary Bathroom is a Full Bathroom

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck

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, parking
  • 3 Units
  • 502 S Main Community
  • 502 South Main Street Subdivision
  • Property managed by Woodard

Listing and Financial Details

  • Assessor Parcel Number 002114 A00002

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: 120
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1325
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: 1/2 Bath, Office
  • Second Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom
  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 2, Shared Bath
  • Bedrooms: 2
  • Fireplace: Prefabricated
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Full Bath

Exterior Features

  • Misc Exterior: Deck
  • 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
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

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

Lot Info

  • Lot Number: UNIT 2

Tax Info

  • Assessor Parcel Number: 002114 A00002

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
$265,419

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
$159,000
Sold Price
$140,000
Premium/Discount to List
-$19,000
-11.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%

Purchase Details

Closed on
Jul 29, 2004
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
$120,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 2002
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
$138,700
Interest Rate
6.8%
Mortgage Type
Seller Take Back
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

  • Edwin Scruggs Real Estate Agent - BHHS Taliesyn Realty

    Edwin Scruggs

    BHHS Taliesyn Realty

    (901) 641-0982

    109 Total Sales

    1 in South Main

    $430,000 Price

    Edwin Scruggs
     Section Image
  • Chasity Blackburn Real Estate Agent - Blackburn & Co

    Chasity Blackburn

    Blackburn & Co

    (930) 212-2596

    78 Total Sales

    1 in South Main

    $222,300 Price

    Chasity Blackburn
     Section Image
  • Michelle Shaver-Simpson Real Estate Agent - Crye-Leike, Inc., REALTORS

    Michelle Shaver-Simpson

    Crye-Leike, Inc., REALTORS

    (901) 464-3556

    77 Total Sales

    1 in South Main

    $235,000 Price

    Michelle Shaver-Simpson
     Section Image
  • Fontaine Albritton Real Estate Agent - Crye-Leike, Inc., REALTORS

    Fontaine Albritton

    Crye-Leike, Inc., REALTORS

    (901) 437-5465

    95 Total Sales

    2 in South Main

    $350K - $370K Price Range

    Fontaine Albritton
     Section Image
  • Toni Green Real Estate Agent - Crye-Leike, Inc., REALTORS

    Toni Green

    Crye-Leike, Inc., REALTORS

    (901) 437-4651

    33 Total Sales

    1 in South Main

    $575,000 Price

    Toni Green
     Section Image
  • Jason Miller Real Estate Agent - eXp Realty, LLC

    Jason Miller

    Responds Quickly

    eXp Realty, LLC

    (901) 531-9258

    234 Total Sales

    1 in South Main

    $242,000 Price

    Jason Miller
     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
$140,000 None Available
$167,000 --
-- --
$146,000 --
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 $120,000
Previous Owner $138,700
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 $140,000 -11.9% $117 / Sq Ft
02/24/2015 02/24/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $159,000 -- $133 / 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 $2,785 $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: 9942223

Memphis Area Association of REALTORS®

APN: 00-2114-A0-0002

Tennessee Shelby County Memphis 38103 South Main

502 S Main St Unit 2, Memphis, TN

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