NOT LISTED FOR SALE

1399 Wells Station Rd Unit 1399/1401 Memphis, TN 38108

Douglass Neighborhood

Estimated Value: $102,000 - $123,941

2 Beds
1 Bath
1,729 Sq Ft
$68/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $85,200 $49 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $730/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • Central Heating

About This Home

As of May 2021

HOT Berclair area for investors or first-time buyers. Brick duplex with 4 bedrooms 2 baths, total 1,729 sq.ft. (2 bedroom/1 bath on each side), great location. Several updates were completed by the owner, both furnaces were replaced in 2014, all electrical has been updated with new electrical panels in 2005, roof replaced in 2013. Great opportunity! Drive-by only, tenant occupied. Inspections allowed with accepted contract and confirmation of EM delivered. Property is being sold "as-is".

Last Agent to Sell the Property

Silvana Piadade

eXp Realty, LLC License #289316 Listed on: 04/21/2021

eXp Realty, LLC

Last Buyer's Agent

Kathy Hurley

REMAX Experts License #257980

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $846

Year Built

  • Built in 1970

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x133
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,729 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • Gaylord Heights Subdivision

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number 053070 00080

Home Details

Home Type

Single Family

Est. Annual Taxes

$846

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 752D
  • MAAR Subdivision Name: GAYLORD HEIGHTS
  • Freestanding: Yes
  • List Price Per Sq Ft: 47
  • Number Of Stories: 1
  • Price Per Sq Ft: 49.28
  • Estimated Sq Ft: 1729
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Sprayed Ceiling
  • Miscellaneous Interior: Unknown

Exterior Features

  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: 1 Window Unit per Unit
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: B
  • Acreage: 0.15
  • Lot Size: 50X133
  • Price Per Acre: 546667

Rental Info

  • Type Of Leases: Monthly, Year

Tax Info

  • Assessor Parcel Number: 053070 00080

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 1, 2021
Sold by
Spain Robin L and Spain Bonnie S
Bought by
Equity Trust Co and John A Harvey Ira
Seller's Agent
Silvana Piadade
eXp Realty, LLC
Buyer's Agent
Kathy Hurley
REMAX Experts
List Price
$82,000
Sold Price
$85,200
Premium/Discount to List
$3,200
3.9%
Total Days on Market
8
Current Estimated Value
$117,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,285
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
May 7, 1999
Sold by
National Bank Of Commerce
Bought by
Spain Robin L and Spain Bonnie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,361
Interest Rate
6.94%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Equity Trust Co $85,200 Surety Title & Escrow Llc
Spain Robin L $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spain Robin L $43,143
Previous Owner Spain Robin L $42,361
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $85,200 +3.9% $49 / Sq Ft
04/29/2021 04/29/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $82,000 -- $47 / 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 $846 $52,440 $5,960 $46,480
2024 $846 $24,960 $2,240 $22,720
2023 $1,520 $24,960 $2,240 $22,720
2022 $1,520 $24,960 $2,240 $22,720
2021 $861 $24,960 $2,240 $22,720
2020 $1,452 $20,040 $2,240 $17,800
2019 $640 $20,040 $2,240 $17,800
2018 $640 $20,040 $2,240 $17,800
2017 $656 $20,040 $2,240 $17,800
2016 $944 $21,600 $0 $0
2014 $944 $21,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10097633

Memphis Area Association of REALTORS®

APN: 05-3070-0-0080