NOT LISTED FOR SALE

1498 Wabash Ave Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $54,000 - $63,000

2 Beds
1 Bath
100-999 Sq Ft
$58/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $28,900 $29 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $325/month

Highlights

  • Two Primary Bedrooms
  • Wood Flooring
  • Eat-In Kitchen
  • Traditional Architecture
  • Porch
  • 4-minute walk to Lincoln Park

About This Home

As of December 2017

Move in ready. Great for first time buyer or rental property. Owner financing with acceptable offer.

Last Agent to Sell the Property

Derby Thomas

BEST Real Estate Company License #234228 Listed on: 10/19/2017

BEST Real Estate Company

Last Buyer's Agent

Derby Thomas

BEST Real Estate Company License #234228 Listed on: 10/19/2017

BEST Real Estate Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $220

Year Built

  • Built in 1953

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 61.5 x 110
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Pier And Beam

Interior Spaces

  • 100-999 Sq Ft Home
  • 718 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Aluminum Window Frames
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Instant Hot Water

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Double Master Bedroom
  • 1 Full Bathroom

Home Security

  • Storm Windows
  • Iron Doors

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Porch
  • Ground Level

Community Details

  • South Dixie Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 048021 00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$220

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MLS Map #: 748A
  • MAAR Subdivision Name: DIXIE HEIGHTS (SOUTH)
  • List Price Per Sq Ft: 45
  • Number Of Stories: 1
  • Price Per Sq Ft: 40.25
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 718
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Two Primaries, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 1
  • Equipment: Gas Cooking, Instant Hot Water, Cable Wired, Cable Available
  • Living Dining Kitchen: Eat-In Kitchen
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Smooth Ceiling, Tile Floor, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch, Sidewalks
  • Exterior Windows: Aluminum Window(s), Storm Window(s)
  • Foundation: Conventional

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 58
  • Acreage: 0.15
  • Lot Size: 61.5 X 110
  • Price Per Acre: 213333

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 048021 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2017
Closed on
Dec 7, 2017
Sold by
Smith Gregory
Bought by
Jackson Ovie J and Lilton Jackson Ruth E
Seller's Agent
Derby Thomas
BEST Real Estate Company
Buyer's Agent
Derby Thomas
BEST Real Estate Company
List Price
$32,000
Sold Price
$28,900
Premium/Discount to List
-$3,100
-9.69%
Current Estimated Value
$58,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,213
Avg. Annual Appreciation
8.71%
Original Mortgage
$13,500
Outstanding Balance
$7,812
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$47,561

Purchase Details

Closed on
Jun 9, 2006
Sold by
Palmer Moreen
Bought by
Hud
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
Jackson Ovie J $28,900 None Available
Hud $25,720 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Ovie J $13,500
Previous Owner Smith Gregory $38,646
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2017 12/08/17 Sold $28,900 -9.7% $289 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $32,000 -- $320 / 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 $220 $10,225 $1,800 $8,425
2024 $220 $6,500 $950 $5,550
2023 $396 $6,500 $950 $5,550
2022 $396 $6,500 $950 $5,550
2021 $401 $6,500 $950 $5,550
2020 $444 $6,125 $950 $5,175
2019 $444 $6,125 $950 $5,175
2018 $444 $6,125 $950 $5,175
2017 $252 $6,125 $950 $5,175
2016 $284 $6,500 $0 $0
2014 $284 $6,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Derby Thomas

    BEST Real Estate Company

    (901) 650-9021

    1 in this area

    13 Total Sales

    Derby Thomas
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10013888

Memphis Area Association of REALTORS®

APN: 04-8021-0-0017

Tennessee Shelby County Memphis 38106 Southeast Memphis

1498 Wabash Ave, Memphis, TN

This home is located at 1498 Wabash Ave, Memphis, TN 38106 since 19 October 2017 and is currently estimated at $58,113, approximately $58 per square foot. This property was built in 1953. 1498 Wabash Ave is a home located in Shelby County with nearby schools including Hamilton High School, Memphis Delta Preparatory Charter School, and Memphis College Preparatory.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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