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427 Madison Avenue

427 Madison Avenue, Memphis, TN 38103
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The property has no active listings. Please see other similar options below.
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Local assessors in Memphis, TN have categorized 427 Madison Avenue as a office type of property. The home was built in 1925 and is 99 years old. It was most recently renovated and altered in 2001. The property's lot size has been calculated to be 3,600 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 427 Madison Avenue has a total of 5,035 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 427 Madison Avenue is a 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 427 Madison Avenue sold most recently in Feb 4, 2019 for a total of $375,000. If you work out the math, that's approximately a cost of $74.48 per sqft. Before that, the property was also sold for $165,000 in Oct 13, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $15,434 in taxes each year. 427 Madison Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $253,360. If we break it down further, the land itself was valued at $22,640. Improvements to the property, however, were assessed at a total of $230,720. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,600
  • Total Building Area: 5,035
  • Gross Building Area: 5,035
  • Building Area: 5,035
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 5,035
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Office
  • Land Acres: 0.083
  • Standard Land Use Code: Commercial office (general)
  • Legal Description 1: TRI C S S MADISON COR LAUDERDALE SE

Ownership

  • Current Owner : PRESERVER PARTNERS LLC
  • Previous Owner : ROBERTS RICHARD H L
  • Owner Before Previous Owner: MADISON AVENUE PROPERTIES LLC
  • Ownership Rights Codes: Irrevocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: CBD

Geography

  • District: O
  • Parcel: 00-7002-0-0001
  • Lot: 494
  • Municipality: MEMPHIS
  • Latitude: 35.1423
  • Longitude: -90.0424

    Address

  • Full Address: 427 Madison Ave
  • Address - House Number: 427
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,434

    Market Valuation

  • Market Total Value: $633,400
  • Market Land Value: $56,600
  • Market Improvement Value: $576,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $253,360
  • Assessed Land Value: $22,640
  • Assessed Improvements Value: $230,720

    Sales

  • Current Sale Contract Date: Feb 04, 2019
  • Current Sale Recording Date: Feb 05, 2019
  • Current Sale Transaction ID: 11565496058
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19011641
  • Previous Sale Recording Date: Oct 16, 2015
  • Previous Sale Contract Date: Oct 13, 2015
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: Warranty Deed

About Midtown



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Frequently Asked Questions

What neighborhood is 427 Madison Avenue located in?
The 427 Madison Avenue is a house located in the neighborhood of New Pathways in Midtown, Memphis.
What is the average sales price for listings in 427 Madison Avenue?
The average sales price for units in 427 Madison Avenue is $0 currently.

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