NOT LISTED FOR SALE

Estimated Value: $1,094,000 - $1,391,617

4 Beds
4.5 Baths
6,746 Sq Ft
$182/Sq Ft Est. Value

Last Sold October 22, 2015

Last sale price $1,165,000 $173 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,737/month

164 Days on Market

Highlights

  • Detached Guest House
  • The property is located in a historic district
  • Gated Parking
  • Second Kitchen
  • Garage Apartment
  • Sitting Area In Primary Bedroom

About This Home

As of October 2015

Truly amazing renovation/restoration on one of Memphis' most beautiful homes! All new HVAC, new electrical, completely refurbished boiler system, all floors, doors and mill work refinished and completely redone tile roof! No expense was spared in restoring this important Central Gardens home! Amaing new and expanded kitchen and mudroom. Luxury master suite. Incredible finished basement that is not included in square footage. 3 car garage and renovated guest house. 1.15 acre lot!

Last Agent to Sell the Property

Ellie Bennett

Hobson, REALTORS License #282745 Listed on: 04/07/2015

Co-Listed By

Jeff Bennett

Hobson, REALTORS License #305204

Last Buyer's Agent

Lisa Fields

Ware Jones, REALTORS License #301522

Ware Jones, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,557

Year Built

  • Built in 1913

Lot Details

  • 1.15 Acre Lot
  • Dog Run
  • Brick Fence
  • Landscaped Professionally
  • Corner Lot
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Tile Roof
  • Pier And Beam

Interior Spaces

  • 6,746 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Window Treatments
  • Mud Room
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Home Office
  • Library
  • Bonus Room
  • Play Room
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Updated Kitchen
  • Second Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Powder Room
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Attic

  • Attic Access Panel
  • Permanent Attic Stairs

Home Security

  • Monitored
  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 3 Car Detached Garage
  • Garage Apartment
  • Rear-Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Gated Parking

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Multiple cooling system units
  • Central Air
  • Radiator
  • 220 Volts
  • 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 030007 00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,557

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 746G
  • MAAR Subdivision Name: CENTRAL GARDENS
  • List Price Per Sq Ft: 191
  • Number Of Stories: 3
  • Price Per Sq Ft: 172.69
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 6746
  • Termite Contract: Yes
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, 1 1/2 Bath, Play Room/Recreation Room, Laundry Room, Office
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Laundry Room, Bonus Room
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Primary Down, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedroom 2 Description: Level 2, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 4 Description: Level 2, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 4
  • Fireplace: In Living Room
  • Floors/Ceilings: Hardwood Throughout, Tile, Marble/Terrazzo, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Double Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Separate Breakfast Room, Pantry, Island In Kitchen
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Permanent Attic Stairs, Attic Access, Mud Room, Powder/Dressing Room, Security System, Smoke Detector(s), Monitored Alarm
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Laundry Closet, Library/Study, Sun Room, Play Room, Bonus Room, Office/Sewing Room, In-Law Quarters, Separate Guest House, 2nd Kitchen, Unfinished Basement, Finished Basement, Entry Hall, Attic, Storage Room
  • Total Bathrooms: 4.1
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, 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, Sitting Area, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Dog Run, Storage Building, Porch, Patio, Covered Patio, Garage Apartment, Historic District
  • Exterior Windows: Brick Veneer, Wood Window(s), Storm Window(s), Storm Door(s)
  • Foundation: Conventional, Full Basement
  • Roof: Tile/Slate

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 3
  • Parking Display: G3D
  • Parking Storage: Circular Drive, Garage Door Opener(s), Back-Load Garage, Gated Parking, Gate Clickers

Utilities

  • Cooling: Central, 3 or More Systems, 220 Wiring
  • Heating: Radiator
  • Security: Burglar Alarm, Monitored Alarm System, Smoke Detector(s)
  • Water Sewer: Gas Water Heater, 2+ Water Heaters, Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Corner, Professionally Landscaped, Brick/Iron Fenced
  • Lot Number: 37
  • Acreage: 1.15
  • Lot Size: 1.15 acres
  • Price Per Acre: 1121739

Multi Family

  • Number Of Rooms: 14

Tax Info

  • Assessor Parcel Number: 030007 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2015
Closed on
Oct 22, 2015
Sold by
Vargo Jacob A and Vargo Christy S
Bought by
Wilson Kevin J and Wilson Jaime H
Seller's Agent
Ellie Bennett
Hobson, REALTORS
Buyer's Agent
Lisa Fields
Ware Jones, REALTORS
List Price
$1,390,000
Sold Price
$1,165,000
Premium/Discount to List
-$225,000
-16.19%
Current Estimated Value
$1,227,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,872
Avg. Annual Appreciation
0.71%
Original Mortgage
$417,000
Outstanding Balance
$179,173
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$1,069,362

Purchase Details

Closed on
Apr 30, 2007
Sold by
Rasch Merrilyn
Bought by
Vargo Jacob A and Vargo Christy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2003
Sold by
Fisher Robert M and Fisher Suzan Jean
Bought by
Rasch Merrilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Wilson Kevin J $1,165,000 Attorney
Vargo Jacob A $1,040,000 None Available
Rasch Merrilyn $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Kevin J $417,000
Previous Owner Vargo Jacob A $250,000
Previous Owner Vargo Jacob A $150,000
Previous Owner Vargo Jacob A $417,000
Previous Owner Vargo Jacob A $50,000
Previous Owner Vargo Jacob A $50,000
Previous Owner Vargo Jacob A $417,000
Previous Owner Vargo Jacob A $395,000
Previous Owner Vargo Jacob A $981,600
Previous Owner Rasch Merrilyn $250,000
Previous Owner Rasch Merrilyn $650,000
Previous Owner Fisher Robert M $574,100
Closed Rasch Merrilyn $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2015 10/22/15 Sold $1,165,000 -16.2% $173 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $1,390,000 -- $206 / 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 $12,557 $418,300 $76,475 $341,825
2024 $12,557 $370,400 $84,775 $285,625
2023 $22,563 $370,400 $84,775 $285,625
2022 $22,563 $370,400 $84,775 $285,625
2021 $22,828 $370,400 $84,775 $285,625
2020 $21,999 $303,600 $84,775 $218,825
2019 $21,999 $303,600 $84,775 $218,825
2018 $21,999 $303,600 $84,775 $218,825
2017 $12,478 $303,600 $84,775 $218,825
2016 $11,470 $262,475 $0 $0
2014 $11,470 $262,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9948924

Memphis Area Association of REALTORS®

APN: 03-0007-0-0002