NOT LISTED FOR SALE

Estimated Value: $1,336,000 - $1,472,000

5 Beds
4.5 Baths
7,000-7,999 Sq Ft
$174/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $1,350,000 $169 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,880/month

Highlights

  • Detached Guest House
  • The property is located in a historic district
  • Sitting Area In Primary Bedroom
  • In Ground Pool
  • Garage Apartment
  • Updated Kitchen

About This Home

As of October 2022

Iconic "Falls House", beacon of Central Gardens w/over 7500 sf, on 1 acre. Meticulously maintained & enhanced home features 5BR/4.5BA, grand dining & living rooms, tall ceilings, 4 FPs, beautiful HW floors & original millwork/molding of oak & mahogany. Grand entry transcends time w/ its original stained glass adorned doorway & larger SG windows along the staircase. Modern comforts include: open chefs kitchen, updated baths, backyard oasis w gunite pool. Owners have spared no expense in its care

Last Agent to Sell the Property

Jake Lawhead

Ware Jones, REALTORS License #296043 Listed on: 06/14/2022

Ware Jones, REALTORS

Last Buyer's Agent

Melanie Blakeney

Marx-Bensdorf, REALTORS License #348211

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,503

Year Built

  • Built in 1910

Lot Details

  • 0.99 Acre Lot
  • Lot Dimensions are 200x214
  • Wrought Iron Fence
  • Landscaped Professionally
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Composition Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 7,000-7,999 Sq Ft Home
  • 7,505 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-in Bookshelves
  • Smooth Ceilings
  • Ceiling Fan
  • Fireplace Features Masonry
  • Gas Fireplace
  • Some Wood Windows
  • Window Treatments
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room with Fireplace
  • Play Room
  • Sun or Florida Room
  • Keeping Room
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Fireplace in Primary Bedroom
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Access Panel
  • Permanent Attic Stairs

Home Security

  • Monitored
  • Storm Windows
  • Fire and Smoke Detector
  • Iron Doors

Parking

  • 2 Car Detached Garage
  • Garage Apartment
  • Front Facing Garage
  • Circular Driveway

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Covered Patio or Porch
  • Gazebo
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Floor Furnace
  • Radiator
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Detached Guest House
  • The property is located in a historic district

Community Details

  • Belvedere Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 016039 00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,503

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • Cross Street: Peabody
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Historic District: Central Gardens HC
  • List Price Per Sq Ft: 185
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 7505
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, 1/2 Bath, Keeping/Hearth Room, Sun Room, Office
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Play Room/Rec Room, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Primary Up, Luxury Primary Bath, Half Bath Down
  • Estimated Heated Sq Ft Range: 7000 - 7999
  • Bedroom 2 Description: Level 2, Walk-In Closet, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Walk-In Closet, Built-In Cabinets/Bkcases, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Level 2, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 5 Description: Level 2, Walk-In Closet, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 5
  • Fireplace: Masonry, Ventless Gas Fireplace, In Living Room, In Primary Bedroom, In Other Room
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Gas Cooking, Disposal, Dishwasher, Trash Compactor, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen
  • Misc Interior: All Window Treatments, Wet Bar, Permanent Attic Stairs, Attic Access, Walk-In Attic, Security System, Smoke Detector(s), Monitored Alarm, Vent Hood/Exhaust Fan
  • Other Rooms: Laundry Room, Sun Room, Play Room, Separate Guest House, Unfinished Basement, Attic
  • Primary Bathroom Description: Double Sinks, Separate Shower, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Full Bath, Fireplace, Sitting Area, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Porch, Patio, Covered Patio, Gazebo, Garage Apartment, Historic District, Well Landscaped Grounds, Iron Fence
  • Exterior Windows: Stone, Stucco, Wood Window(s), Storm Window(s), Steel Insulated Door(s)
  • Foundation: Partial Basement
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2D
  • Parking Storage: Circular Drive, Front-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas, Floor Furnace, Radiator, 3 or More Systems
  • Security: Burglar Alarm, Monitored Alarm System, Smoke Detector(s), Closed Circuit TV
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Corner, Professionally Landscaped, Iron Fenced
  • Lot Number: 28-29
  • Acreage: 0.99
  • Keeping Hearth Dimension: 24x16
  • Lot Size: 200X214

Tax Info

  • Assessor Parcel Number: 016039 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2022
Closed on
Oct 25, 2022
Sold by
Greg Touliatos Living Trust
Bought by
Temple Michael John and Cogswell Ronald Charles
Seller's Agent
Jake Lawhead
Ware Jones, REALTORS
Buyer's Agent
Melanie Blakeney
Marx-Bensdorf, REALTORS
List Price
$1,445,000
Sold Price
$1,350,000
Premium/Discount to List
-$95,000
-6.57%
Views
28
Current Estimated Value
$1,395,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,092
Avg. Annual Appreciation
1.10%
Original Mortgage
$950,000
Outstanding Balance
$915,169
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$479,923

Purchase Details

Closed on
Mar 8, 2017
Sold by
City Of Memphis
Bought by
Touliatos Greg and The Greg Touliatos Living Trust

Purchase Details

Closed on
Apr 29, 2009
Sold by
Long Thomas E and Long Diane M
Bought by
The Greg Touliatos Living Trust and The Carla Touliatos Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.86%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Temple Michael John $1,350,000 --
Touliatos Greg -- None Available
The Greg Touliatos Living Trust $835,000 Edco Title & Closing Service
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Temple Michael John $950,000
Previous Owner The Greg Touliatos Living Trust $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2022 10/25/22 Sold $1,350,000 -2.5% $193 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
07/29/2022 07/29/22 Price Changed $1,385,000 -4.2% $198 / Sq Ft
06/16/2022 06/16/22 For Sale $1,445,000 +7.0% $206 / Sq Ft
06/14/2022 06/14/22 Off Market $1,350,000 -- --
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 $6,503 $406,800 $67,875 $338,925
2024 $4,877 $287,725 $73,925 $213,800
2023 $17,527 $287,725 $73,925 $213,800
2022 $17,527 $287,725 $73,925 $213,800
2021 $9,927 $330,625 $73,925 $256,700
2020 $18,178 $250,875 $73,925 $176,950
2019 $8,018 $250,875 $73,925 $176,950
2018 $8,018 $250,875 $73,925 $176,950
2017 $8,207 $250,875 $73,925 $176,950
2016 $9,329 $213,475 $0 $0
2014 $9,329 $230,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10126292

Memphis Area Association of REALTORS®

APN: 01-6039-0-0001