5 months on rocket

508 S Main St, Memphis, TN, 38103

$1,988,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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508 S Main St, Memphis$1,988,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingAsphalt/Blacktop, Attached
Year Built1920
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10174028
StatusActive

About 508 S Main St

2 BUILDINGS AT 508-510 S MAIN ST - 508 S. Main: Approx. 9,400 sf. It is a 3 story building with finished basement office space and rooftop observation room and deck - 1st floor is retail space. 2nd floor is a 2 bedroom 2 bath apartment. 3rd Floor is a 2 bedroom 2 bath apartment. 510 S Main: Approx. 4,700 sf. It is a 2 story building- 1st floor is retail in the front and a studio apartment in the rear. The 2nd floor is a 3 bedroom 2 Bath apartment. NO LEASES, THIS WAS 100% OWNER OCCUPIED

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 3

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

  • Appliances: Refrigerator, Cooktop, Oven, Disposal, Dishwasher, Microwave
  • Basement: Yes
  • Flooring Type: Hardwood Throughout

Exterior Features

Parking Information:

  • Parking: Asphalt/Blacktop, Attached

Virtual/3D Tour

  • Virtual Tour: 508 S Main St
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From South Main and Beale Go South on S Main, property is on the left side of street across from Bluff City Coffee, park on street to show.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,988,000

Tax Information:

  • Annual Amount: $6,713
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

508 S Main St vs Memphis

161 DAYS ON ROCKET

$1,988,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10174028

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,713 -
2019$6,713 -

History based on county public records data.

Payment Calculator

$9,990

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,027

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-321834
3
/10

  • Downtown Elementary School

  • 10 N 4th St

  • 0.98 miles

  • Public Magnet Grades PK-5

school-card-donut-321835
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 1.68 miles

  • Public District Grades PK-5

school-card-donut-321836
3
/10

  • Memphis Scholars Florida-Kansas (ASD)

  • 90 W Olive Ave

  • 1.70 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,422. Residents of Memphis, TN typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 S Main St

What is the listing price of this property?

The listing price of 508 S Main St property is $1,988,000.

What type of property is this?

The property 508 S Main St is a house located in Memphis, Tennessee, 38103.

Is this property for sale now?

Active Listing: 508 S Main St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,713 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 508 S Main St is 1920.

Rocket Homes›Tennessee›Shelby County›Memphis›38103›508 S Main St

This home is located at 508 S Main St in Memphis, TN and zip code 38103 in the South Main Historic District neighborhood. This home was built in 1920. It has been listed on Rocket Homes since June 06, 2024 and is currently priced at $1,988,000.

In October 2024, from all listings sold in Memphis, TN there were more than 53 sold above asking price, over 252 sold below and more than 103 were sold right at the asked price. The number of listings in Memphis, TN increased by 22.4% between September 2024 and October 2024.

From Rocket Homes Real Estate and based on county public records data.

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