NOT LISTED FOR SALE

The Shrine Building 66 Monroe Ave Unit 507 Memphis, TN 38103

Downtown Memphis Neighborhood

Estimated Value: $263,000 - $294,000

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

Last Sold March 06, 2020

Last sale price $235,000 $147 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,643/month

Highlights

  • Water Views
  • In Ground Pool
  • Wood Flooring
  • Fitness Center
  • Traditional Architecture
  • 3-minute walk to Fourth Bluff

About This Home

As of March 2020

Charming 2 bedroom 2 bath studio with wonderful river views and full of natural light. Spacious rooms, tall ceilings, hardwood floors, and neutral colors exude warmth and appeal. Floor plan is open and ideal for entertaining and Den would transform well into a Library, complete with a wall of custom built in book cases. Relax after work gazing at the spectacular river views and sunsets from the roof top deck or unwind with a dip in the indoor pool.

Last Agent to Sell the Property

Loyd Templeton

Ware Jones, REALTORS License #250603 Listed on: 01/21/2020

Ware Jones, REALTORS

Co-Listed By

Elizabeth Scott

Ware Jones, REALTORS License #15704

Last Buyer's Agent

Laurie McBride Connors

Ware Jones, REALTORS License #300141

Ware Jones, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,932

Year Built

  • Built in 1923

Lot Details

  • 1,307

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,507 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Separate Formal Living Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms

Parking

  • On-Site Parking for Rent
  • On-Street Parking

Outdoor Features

  • In Ground Pool
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 002038 A00033

Community Details

Overview

  • Property has a Home Owners Association
  • $630 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, pest control contract
  • 72 Units
  • High-Rise Condominium
  • Shrine Building Community
  • Shrine Building Condos First Amend Subdivision
  • Property managed by HM Heckle

Amenities

  • Community Storage Space

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: High Rise (7+ Stories)
  • Cross Street: Front
  • 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: 155.94
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1507
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave
  • Living Dining Kitchen: Separate Living Room, Pantry, Island In Kitchen
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Storage
  • Exterior Windows: Double Pane Window(s)
  • Foundation: Full Basement
  • Pool Description: In Ground

Garage/Parking

  • Parking Storage: Rent Parking Space, On-Street Parking

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Electric
  • Security: Limited Access
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Sauna, Exercise Room, On-Site Storage, Water View
  • Condo Fees Include: Some Utilities, Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: Shrine Building
  • Management Company: HM Heckle
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 630

Lot Info

  • Lot Number: UNIT 507
  • Acreage: 0.03
  • Price Per Acre: 7996667

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 002038 A00033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 6, 2020
Sold by
Fred Wesberry Retirement Llc
Bought by
Olson Karl A
Seller's Agent
Loyd Templeton
Ware Jones, REALTORS
Buyer's Agent
Laurie McBride Connors
Ware Jones, REALTORS
List Price
$239,900
Sold Price
$235,000
Premium/Discount to List
-$4,900
-2.04%
Current Estimated Value
$279,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,112
Avg. Annual Appreciation
3.11%
Original Mortgage
$135,000
Outstanding Balance
$119,562
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$159,550

Purchase Details

Closed on
Dec 30, 2005
Sold by
Shrine Investment Co
Bought by
Fred Wesberry Retirement Llc
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
Olson Karl A $235,000 Multiple
Fred Wesberry Retirement Llc $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Karl A $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2020 03/06/20 Sold $235,000 -2.0% $168 / Sq Ft
01/21/2020 01/21/20 For Sale $239,900 -- $171 / 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 $1,967 $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 $1,880 $43,025 $0 $0
2014 $1,880 $43,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Loyd Templeton

    Seller's Agent in 2020

    Loyd Templeton

    Ware Jones, REALTORS

    (901) 336-1963

    1 in this area

    65 Total Sales

    Loyd Templeton
    Section Image

  • E

    Seller Co-Listing Agent in 2020

    Elizabeth Scott

    Ware Jones, REALTORS

    Section Image
  • Laurie McBride Connors

    Buyer's Agent in 2020

    Laurie McBride Connors

    Ware Jones, REALTORS

    (901) 355-4020

    4 in this area

    148 Total Sales

    Laurie McBride Connors
    Section Image
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About The Shrine Building

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10069407

Memphis Area Association of REALTORS®

APN: 00-2038-A0-0033

Tennessee Shelby County Memphis 38103 Downtown Memphis

66 Monroe Ave Unit 507, Memphis, TN

This home is located at 66 Monroe Ave Unit 507, Memphis, TN 38103 since 21 January 2020 and is currently estimated at $279,112, approximately $174 per square foot. This property was built in 1923. 66 Monroe Ave Unit 507 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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