NOT LISTED FOR SALE

1077 Wellsville Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $222,000 - $252,000

3 Beds
1.5 Baths
1,400-1,599 Sq Ft
$149/Sq Ft Est. Value

Last Sold June 16, 2017

Last sale price $135,000 $84 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,429/month

2 Days on Market

Highlights

  • Updated Kitchen
  • Outdoor Storage
  • 1-Story Property
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of June 2017

This lovely home is situated in the highly sought after area of Colonial Acres in East Memphis. The home recently went through a renovation and is in great condition. You will find fresh paint in both the interior and exterior of the home. Hardwood floors have been refinished throughout most of the home, including the sun room! All electrical and plumbing has been checked and repaired as needed.

Last Agent to Sell the Property

James Wachob

Foundation Property Management License #294924 Listed on: 04/05/2017

Foundation Property Management

Last Buyer's Agent

James Wachob

Foundation Property Management License #294924 Listed on: 04/05/2017

Foundation Property Management

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,624

Year Built

  • Built in 1954

Lot Details

  • 8,712 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,465 Sq Ft Home
  • 1-Story Property
  • Iron Doors
  • Updated Kitchen

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • Gates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 067058 00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,624

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch
  • Detached Unit Type: General Residential
  • MLS Map #: 759B
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 92
  • Number Of Stories: 1
  • Price Per Sq Ft: 92.15
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1465
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Vinyl Floor
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1.1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Storage
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 56
  • Acreage: 0.2
  • Lot Size: 60X150 / 0.2
  • Price Per Acre: 675000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 067058 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2017
Closed on
Jun 11, 2017
Sold by
Petree Aaron
Bought by
Lim Margaret S and Tee Johannson J
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
James Wachob
Foundation Property Management
List Price
$135,000
Sold Price
$135,000
Current Estimated Value
$237,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,535
Avg. Annual Appreciation
7.08%
Original Mortgage
$108,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2016
Closed on
Feb 9, 2017
Sold by
Ludlow Candice
Bought by
Petree Aaron
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
David Tester
Marx-Bensdorf, REALTORS
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
218.51%
Original Mortgage
$76,500
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2005
Sold by
Anderson Kent L and Anderson Tamarah A
Bought by
Ludlow Candice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,294
Interest Rate
6.18%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2005
Sold by
Keel Elizabeth Junell and Keel James Paul
Bought by
Anderson Kent L and Anderson Tamarah A
Source: Public Records

Range of Values:

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Average Value
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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
Lim Margaret S $135,000 Delta Title Services Llc
Petree Aaron $90,000 Quality Title Group Llc
Ludlow Candice $90,000 Realty Title & Escrow Inc
Anderson Kent L $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tee Johannson J $105,000
Closed Tee Johannon J $105,000
Closed Lim Margaret S $108,000
Previous Owner Petree Aaron $76,500
Previous Owner Ludlow Candice $91,075
Previous Owner Ludlow Candice $89,294
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2017 06/16/17 Sold $135,000 0.0% $96 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $135,000 +50.0% $96 / Sq Ft
02/10/2017 02/10/17 Sold $90,000 -9.9% $61 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
04/27/2016 04/27/16 For Sale $99,900 -- $68 / 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 $1,624 $53,775 $11,250 $42,525
2024 $1,624 $47,900 $7,050 $40,850
2023 $2,918 $47,900 $7,050 $40,850
2022 $2,918 $47,900 $7,050 $40,850
2021 $2,952 $47,900 $7,050 $40,850
2020 $2,364 $32,625 $7,050 $25,575
2019 $2,364 $32,625 $7,050 $25,575
2018 $2,364 $32,625 $7,050 $25,575
2017 $1,087 $26,450 $7,050 $19,400
2016 $1,152 $26,350 $0 $0
2014 $1,152 $26,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wachob

    Seller's Agent in 2017

    James Wachob

    Foundation Property Management

    (901) 633-1484

    13 in this area

    622 Total Sales

    James Wachob
    Section Image
  • Jimmie Tapley

    Seller's Agent in 2017

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    3 in this area

    274 Total Sales

    Jimmie Tapley
    Section Image
  • David Tester

    Buyer's Agent in 2017

    David Tester

    Marx-Bensdorf, REALTORS

    (901) 351-3439

    7 in this area

    149 Total Sales

    David Tester
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9999393

Memphis Area Association of REALTORS®

APN: 06-7058-0-0014

Tennessee Shelby County Memphis 38117 Colonial Acres

1077 Wellsville Rd, Memphis, TN

This home is located at 1077 Wellsville Rd, Memphis, TN 38117 since 05 April 2017 and is currently estimated at $237,535, approximately $148 per square foot. This property was built in 1954. 1077 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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