NOT LISTED FOR SALE

1071 Wellsville Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $156,000 - $177,165

3 Beds
1 Bath
901 Sq Ft
$188/Sq Ft Est. Value

Last Sold March 06, 2013

Last sale price $66,000 $73 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,001/month

7 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Combination Dining and Living Room
  • Traditional Architecture
  • Central Heating
  • Remodeled Bathroom

About This Home

As of March 2013

This home is located at 1071 Wellsville Rd, Memphis, TN 38117 since 22 February 2013 and is currently estimated at $169,041, approximately $187 per square foot. This property was built in 1954. 1071 Wellsville Rd is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

Last Agent to Sell the Property

Chris Meyer

Crye-Leike, Inc., REALTORS License #234625 Listed on: 02/22/2013

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Joshua Hisaw

Keller Williams License #277548

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $960

Year Built

  • Built in 1954

Lot Details

  • 8,712 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 901 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • Gates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 067058 00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$960

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 759B
  • MAAR Subdivision Name: COLONIAL ACRES
  • Number Of Stories: 1
  • Price Per Sq Ft: 73.25
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 901
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen
  • Total Bathrooms: 1

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 55
  • Acreage: 0.2

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 067058 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2013
Closed on
Mar 6, 2013
Sold by
Schratz Bruce E and Demaree Stephan W
Bought by
Blackmon Lucy
Seller's Agent
Chris Meyer
Crye-Leike, Inc., REALTORS
Buyer's Agent
Joshua Hisaw
Keller Williams
List Price
$72,000
Sold Price
$66,000
Premium/Discount to List
-$6,000
-8.33%
Current Estimated Value
$169,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,041
Avg. Annual Appreciation
7.78%

Purchase Details

Closed on
Aug 31, 2006
Sold by
Kirk Dana L and Kirk Melanie G
Bought by
Schratz Bruce E and Demaree Stephen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2003
Sold by
Thorp James Kenneth and Thorp Shelli M
Bought by
Kirk Dana and Kirk Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,750
Interest Rate
5.89%

Purchase Details

Closed on
Apr 22, 1996
Bought by
Lamond John F and Lamond Cora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,294
Interest Rate
7.67%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Blackmon Lucy $66,000 None Available
Schratz Bruce E $82,000 None Available
Kirk Dana $65,300 --
Lamond John F $53,500 --
Thorp James Kenneth $53,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schratz Bruce E $50,000
Previous Owner Kirk Dana $58,750
Previous Owner Thorp James Kenneth $54,294
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2013 03/06/13 Sold $66,000 -8.3% $73 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
02/22/2013 02/22/13 For Sale $72,000 -- $80 / 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 $960 $36,750 $11,250 $25,500
2024 $960 $28,325 $7,050 $21,275
2023 $1,725 $28,325 $7,050 $21,275
2022 $1,725 $28,325 $7,050 $21,275
2021 $1,746 $28,325 $7,050 $21,275
2020 $1,569 $21,650 $7,050 $14,600
2019 $1,569 $21,650 $7,050 $14,600
2018 $1,569 $21,650 $7,050 $14,600
2017 $890 $21,650 $7,050 $14,600
2016 $873 $19,975 $0 $0
2014 $873 $19,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Chris Meyer

    Crye-Leike, Inc., REALTORS

    (901) 870-3000

    9 in this area

    55 Total Sales

    Chris Meyer
    Section Image
  • Joshua Hisaw

    Buyer's Agent in 2013

    Joshua Hisaw

    Keller Williams

    (901) 459-3423

    9 in this area

    271 Total Sales

    Joshua Hisaw
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3266219

Memphis Area Association of REALTORS®

APN: 06-7058-0-0013

Tennessee Shelby County Memphis 38117 Colonial Acres

1071 Wellsville Rd, Memphis, TN

This home is located at 1071 Wellsville Rd, Memphis, TN 38117 since 22 February 2013 and is currently estimated at $169,041, approximately $187 per square foot. This property was built in 1954. 1071 Wellsville Rd is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

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