NOT LISTED FOR SALE

1509 S Wellington St Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $60,000 - $115,780

3 Beds
1 Bath
1,200-1,399 Sq Ft
$69/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $35,000 $25 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $540/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Den
  • Wood Flooring
  • Separate Formal Living Room
  • Some Wood Windows

About This Home

As of March 2022

Property will be sold AS-IS

Last Agent to Sell the Property

Darian Barnes

KAIZEN Realty, LLC License #359321 Listed on: 02/25/2022

KAIZEN Realty, LLC

Last Buyer's Agent

Darian Barnes

KAIZEN Realty, LLC License #359321 Listed on: 02/25/2022

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $337

Year Built

  • Built in 1927

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x145
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,378 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Wood Flooring
  • Iron Doors
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • Chandlers Shadowlawn Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 034005 00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$337

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747B
  • MAAR Subdivision Name: CHANDLERS SHADOWLAWN
  • List Price Per Sq Ft: 29
  • Number Of Stories: 1
  • Price Per Sq Ft: 25.4
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1378
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Washer/Dryer Connections
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level
  • Lot Number: 36
  • Acreage: 0.16
  • Lot Size: 50X145
  • Price Per Acre: 249375

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 034005 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 29, 2024
Sold by
Nesbitt Construction & Investment Llc
Bought by
M S Asset Management Llc
Current Estimated Value
$95,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
6.6%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 24, 2022
Sold by
Peterson Rodney D
Bought by
Nesbitt Construction & Investment Llc
Seller's Agent
Darian Barnes
KAIZEN Realty, LLC
Buyer's Agent
Darian Barnes
KAIZEN Realty, LLC
List Price
$39,900
Sold Price
$35,000
Premium/Discount to List
-$4,900
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.61%
Original Mortgage
$65,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2022
Closed on
Feb 21, 2022
Sold by
Bonds Jacquelyn L
Bought by
Peterson Rodney Deshon
Seller's Agent
Darian Barnes
KAIZEN Realty, LLC
Buyer's Agent
Darian Barnes
KAIZEN Realty, LLC
List Price
$39,900
Sold Price
$35,000
Premium/Discount to List
-$4,900
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2007
Sold by
Oneal Preston G
Bought by
American General Financial Services Inc

Purchase Details

Closed on
Mar 8, 2007
Sold by
Bends Jacquelyn L
Bought by
Oneal Preston

Purchase Details

Closed on
Oct 9, 2006
Sold by
Oneal Preston
Bought by
Bonds Jacquelyn L
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
M S Asset Management Llc $120,000 Delta Title Services
Nesbitt Construction & Investment Llc $35,000 Delta Title Services
Peterson Rodney Deshon -- None Listed On Document
American General Financial Services Inc $13,650 None Available
Oneal Preston -- None Available
Bonds Jacquelyn L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ms Asset Management Llc $93,750
Closed M S Asset Management Llc $110,400
Previous Owner Nesbitt Construction & Investm $82,000
Previous Owner Nesbitt Construction & Investment Llc $65,000
Previous Owner Oneal Preston G $13,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2022 03/24/22 Sold $35,000 -12.3% $29 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $39,900 -- $33 / 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 $337 $29,875 $2,000 $27,875
2024 $337 $9,950 $1,125 $8,825
2023 $606 $9,950 $1,125 $8,825
2022 $606 $9,950 $1,125 $8,825
2021 $720 $9,950 $1,125 $8,825
2020 $663 $9,150 $1,125 $8,025
2019 $292 $9,150 $1,125 $8,025
2018 $292 $9,150 $1,125 $8,025
2017 $299 $9,150 $1,125 $8,025
2016 $388 $8,875 $0 $0
2014 $388 $8,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Darian Barnes

    KAIZEN Realty, LLC

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118337

Memphis Area Association of REALTORS®

APN: 03-4005-0-0011

Tennessee Shelby County Memphis 38106 South Memphis

1509 S Wellington St, Memphis, TN

This home is located at 1509 S Wellington St, Memphis, TN 38106 since 25 February 2022 and is currently estimated at $95,945, approximately $68 per square foot. This property was built in 1927. 1509 S Wellington St is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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