NOT LISTED FOR SALE

The Shrine Building 66 Monroe Ave Unit 407 Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated Value: $250,299 - $266,000

2 Beds
2 Baths
1,400-1,599 Sq Ft
1,307 Sq Ft Lot

Last Sold September 16, 2022

Last sale price $230,000 $144 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,530/month

Highlights

  • Water Views
  • In Ground Pool
  • Deck
  • Fitness Center
  • Sauna
  • 3-minute walk to Fourth Bluff

About This Home

As of September 2022

Beautiful, spacious 2BR/2BA condo in the historic Shrine Building. Reduced for a quick sale, located in the heart of Downtown! So many amenities in the Shrine Building too - indoor pool, sauna, workout area, bike storage, controlled access, rooftop deck with gas grills, and expansive river, bridge and city skyline views. Walk out your door to Grizzlies and U of M games, bars, restaurants, the Orpheum, and everything you want downtown! Come see it today!

Last Agent to Sell the Property

Mike Parker

The Firm License #284810 Listed on: 12/23/2021

Last Buyer's Agent

Hannah Smith

Enterprise, REALTORS License #307528

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,932

Year Built

  • Built in 1923

Lot Details

  • 1,307

Parking

  • On-Site Parking for Rent

Home Design

  • Traditional Architecture
  • Built-Up Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,507 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Double Pane Windows
  • Window Treatments
  • Aluminum Window Frames
  • Combination Dining and Living Room
  • Den
  • Sauna
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Deck
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 002038 A00026

Community Details

Overview

  • Property has a Home Owners Association
  • $722 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, pest control contract
  • 75 Units
  • Mid-Rise Condominium
  • Shrine Building Community
  • Shrine Building Condos First Amend Subdivision
  • Property managed by Envolve Assoc. Mgmt.

Amenities

  • Trash Chute

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,932

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • MLS Map #: 745A
  • MAAR Subdivision Name: SHRINE BUILDING CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 159
  • Number Of Stories: 1
  • Price Per Sq Ft: 152.62
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1507
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Split Bedroom Plan, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired
  • Living Dining Kitchen: Separate Den, LR/DR Combination, Breakfast Bar
  • Misc Interior: All Window Treatments, 2 or More Elevators, Trash Chute
  • Total Bathrooms: 2
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Gas Grill, Deck, Sauna, Sidewalks
  • Exterior Windows: Stone, Aluminum Window(s), Double Pane Window(s)
  • Foundation: Full Basement
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

  • Parking Storage: Rent Parking Space

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Limited Access, Dead Bolt Lock(s)
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room, Water View
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Shrine Building
  • Management Company: Envolve Assoc. Mgmt.
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 722

Lot Info

  • Lot Description: Water View, Corner
  • Lot Number: UNIT 407
  • Acreage: 0.03
  • Price Per Acre: 7996667

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 002038 A00026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2021
Closed on
Sep 14, 2022
Sold by
Ansuya P Patel Childrens Trust
Bought by
Mortell Timothy R
Seller's Agent
Mike Parker
The Firm
Buyer's Agent
Hannah Smith
Enterprise, REALTORS
List Price
$249,000
Sold Price
$230,000
Premium/Discount to List
-$19,000
-7.63%
Current Estimated Value
$258,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,075
Avg. Annual Appreciation
3.85%
Original Mortgage
$195,500
Outstanding Balance
$186,732
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$71,343

Purchase Details

Closed on
Dec 21, 2012
Sold by
Patel Ansuya
Bought by
Patel Nipul P and Ansuya P Patel Children S Trust

Purchase Details

Closed on
Jun 1, 2006
Sold by
Shrine Investment Co
Bought by
Patel Nero and Patel Ansuya
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
Mortell Timothy R $230,000 --
Patel Nipul P -- None Available
Patel Nero $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mortell Timothy R $195,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2022 09/16/22 Sold $230,000 -4.1% $164 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
06/17/2022 06/17/22 Price Changed $239,900 -2.7% $171 / Sq Ft
02/16/2022 02/16/22 Price Changed $246,500 -1.0% $176 / Sq Ft
12/23/2021 12/23/21 For Sale $249,000 -- $178 / 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 $1,932 $81,825 $875 $80,950
2024 $1,932 $57,000 $875 $56,125
2023 $3,472 $57,000 $875 $56,125
2022 $3,472 $57,000 $875 $56,125
2021 $4,127 $57,000 $875 $56,125
2020 $3,493 $48,200 $875 $47,325
2019 $1,540 $48,200 $875 $47,325
2018 $1,540 $48,200 $875 $47,325
2017 $1,577 $48,200 $875 $47,325
2016 $1,843 $42,175 $0 $0
2014 $1,843 $42,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Parker

    Seller's Agent in 2022

    Mike Parker

    The Firm

    (901) 277-7275

    18 in this area

    252 Total Sales

    Mike Parker
    Section Image
  • Hannah Smith

    Buyer's Agent in 2022

    Hannah Smith

    Enterprise, REALTORS

    (901) 210-7054

    3 in this area

    152 Total Sales

    Hannah Smith
    Section Image
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About The Shrine Building

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10114702

Memphis Area Association of REALTORS®

APN: 00-2038-A0-0026

Tennessee Shelby County Memphis 38103 Downtown Memphis

66 Monroe Ave Unit 407, Memphis, TN

This home is located at 66 Monroe Ave Unit 407, Memphis, TN 38103 since 23 December 2021 and is currently estimated at $258,075, approximately $161 per square foot. This property was built in 1923. 66 Monroe Ave Unit 407 is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Manassas High School.

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