3 years on rocket

1521 Central Avenue, Memphis, TN, 38104

$5,750,000

8 Bedrooms
5 Full Baths, 1 Partial
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingOther (See REMARKS), Garage
Year Built1913
HeatingOther
CoolingOther
WaterfrontOther
MLS #10076419
StatusActive

About 1521 Central Avenue

Incredible offering of one of a kind opportunity. Approximately 4 acres in prime Central Gardens for additional development. This listing is for the following properties, to be sold in a single transaction: 1511 Central Avenue 1521 Central Avenue 1531 Central Avenue 1545 Central Avenue 751 S Willet Street 755 S Willet Street These properties are a part of the Central Gardens Historic District.

Property Details

Property Features

Property Information:

  • Architectural Style: Other (See Remarks)
  • Year Built: 1913
  • Stories: 2

Listing Office:

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

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Other
  • Exterior: Other (See REMARKS)

Parking Information:

  • Parking: Other (See REMARKS), Garage

Lot Features

Lot Information:

  • Lot: Other

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: Central Avenue on the Southwest Corner of Central and Willet. 1511 Central 1521 Central 1531 Central 1545 Central 751 S Willet 755 S Willet

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,750,000
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Housing Market Comparison

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

Med. Sold Price

$200.1K

Med. Price/SqFt

$127

# of Sold Homes

389

1521 Central Avenue vs Memphis

1442 DAYS ON ROCKET

$5,750,000

+$5.5M More

KEY TAKEAWAY

This property is $5.5M more than the Median Sold Price in Memphis, TN.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #10076419

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: 4/24/2024, 10:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$28.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$17.3K

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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.

High School

school-card-donut-2868804
1
/10
  • Memphis Virtual School

  • 3772 Jackson Ave

  • 5.65 miles

  • Public District Grades 6-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,015. Typical income of Memphis, TN residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Central Gardens, Memphis

What type of housing is available in Central Gardens, Memphis?

In Central Gardens, roughly 55% of dwellings are single detached homes, while large apartment buildings and small apartment buildings are also present in the housing stock. This neighborhood is primarily composed of three bedroom and two bedroom homes. About 60% of the properties in the neighborhood are occupied by homeowners and 40% are occupied by renters. Most of the housing growth in this part of the city took place before the 1960s.

Is Central Gardens, Memphis a good place to live?

The character of Central Gardens is exemplified by its slower-paced ambience. This area is quiet overall, as there are low levels of noise from traffic. Finally, although Central Gardens is not home to any parks, parks are especially well-spread out in nearby neighborhoods, which results in them being easy to get to from most locations within this part of Memphis.

Are things conveniently located in Central Gardens, Memphis?

It is easy to reach the closest supermarket by walking from anywhere in Central Gardens. In addition, a restaurant is usually just around the corner, and a small selection of cafes is available as well. When it comes to education, it is a reasonably short walk to get to both primary and secondary schools from any location in Central Gardens. At the elementary level, there are both public and private schools.

What does the transportation in Central Gardens, Memphis look like?

Cars are a very good transportation option in Central Gardens. It is easy to find a place to park, and the majority of properties for sale are a rather short drive from the closest highway. Central Gardens is also a fairly pleasant part of Memphis for pedestrians; running daily errands is convenient by walking.

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Frequently Asked Questions About 1521 Central Avenue

What is the listing price of this property?

The listing price of 1521 Central Avenue property is $5,750,000.

What type of property is this?

The property 1521 Central Avenue is a house located in Memphis, Tennessee, 38104.

Is this property for sale now?

Active Listing: 1521 Central Avenue is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1521 Central Avenue are:
Memphis Virtual School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 1521 Central Avenue has 8 bedrooms and 5 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 1521 Central Avenue is 1913.
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Rocket HomesTennesseeShelby CountyMemphis381041521 Central Avenue

This home is located at 1521 Central Avenue in Memphis, TN and zip code 38104 in the Central Gardens neighborhood. This home was built in 1913. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 13, 2020 and is currently priced at $5,750,000.

Memphis, TN housing market in March 2024 saw over 82 listings sold above listed price, more than 107 sold at listed price and over 199 sold below. Between February 2024 and March 2024, Memphis, TN real estate market has seen increase in the number of listings by 16%.

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

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