See Home Value
$5,143,293*
House - Off Market

400 S MAIN

Memphis, TN 38103
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
$3,060,000 - $3,740,000
Reference Base Price*
51.27%
Since Sep 1, 2018
National-US
Primary Model
Sold May 08, 2019
$2,650,000
$3,000,000 by Landmark Community Bank
Mortgage Due Jul 01, 2042
Sold Sep 17, 2004
$345,000

About This Property

A rare development opportunity in the heart of S. Main/Downtown Memphis, completely renovated residential, future residential development, commercial development & a lot, 40'x175', suitable for any future project. The entire package is available as an owner financing possibility. Top floor of the existing building consists of two totally separate, luxury condos approx. 6000k 3 Br, 4 ba & 3300k 3br, 3ba.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
House
Property Taxes
$4,005
HOA Dues
-
Year Built
1910

Price History

Date / Event Date Event Price
Aug 13, 2018 No longer available -
No longer available
Jun 14, 2018 Listed $3,400,000
Listed
Jul 30, 2017 Listed $3,795,000
Listed
Unique=Truly only one of its kind. 30k sq. ft. of complete modernists inspired renovation on vibrant South Main. Two residences, 6k+ sq ft & 3300 sq ft, 7k sq ft of office space, elevator, 3 pt basketball court, 12 car parking. Pool/pavilion/gazebo w/waterfall, hot tub, bar, extra gated parking. Roof top garden/patio. Sumptuous finishes by upscale designers, 21st century technology. Master w/ private his/her baths. Remote security, culinary craft kitchen, granite, marble. All you can…

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Good
  • Building Style: Conventional
  • Exterior Walls Type: Brick veneer
  • Floor Count: 2
  • Living Units: 20
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 17,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 20,400
  • Gross Building Area: 20,400
  • Building Area: 20,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Yes
  • Heated Square Feet: 20,400
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLAN OF SOUTH MAIN
  • Land Acres: 0.402
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: ES MAIN ST COR HULING AVE (NE) BLOCK 33

Ownership

  • Current Owner : 400 SOUTH MAIN LLC
  • Previous Owner : KING KENNETH W
  • Previous Owner 2: KING THERESA M
  • Owner Before Previous Owner: NIXON WILLIAM S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 004200

Zoning

  • Zoning: SM

Geography

  • District: O
  • Parcel: 00-2118-B0-0001C
  • Block: 33
  • Lot: PT4
  • Municipality: MEMPHIS
  • Latitude: 35.1355
  • Longitude: -90.0577

    Address

  • Full Address: 400 S Main St
  • Address - House Number: 400
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C026
  • 4-Digit Zip Code: 4250
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.2935
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 41
  • Final Value: 394,862
  • High Value: 510,776
  • Low Value: 278,947

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: LANDMARK COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Jul 30, 2020
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • First Open Lien Mortgage Term: 263
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2042

    Market Valuation

  • Market Total Value: $2,202,400
  • Market Land Value: $130,100
  • Market Improvement Value: $2,072,300

    Assessments Valuation

  • Assessed Year: 2022

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: May 08, 2019
  • Current Sale Transaction ID: 11606168285
  • Current Sale Price: $2,650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19045091
  • Previous Sale Recording Date: Sep 17, 2004
  • Previous Sale Contract Date: Sep 15, 2004
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Downtown Memphis


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Frequently Asked Questions

When was property at 400 South Main Street built and last sold?
The property at 400 South Main Street was built in 1910 and last sold on Apr 29, 2019 for $2,650,000.
How much is this home worth?
The estimated value of the home located at 400 South Main Street is $3,434,000.
What are some comparable homes to 400 South Main Street?
There are currently no comparable homes to 400 South Main Street.

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