NOT LISTED FOR SALE

151 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $316,348 - $360,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$187/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $308,300 $171 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,955/month

89 Days on Market

Highlights

  • Gated Parking
  • Updated Kitchen
  • Living Room with Fireplace
  • White Station High Rated A
  • Deck
  • Traditional Architecture

About This Home

As of February 2023

The most incredibly charming 3BR/2BA home in the heart of Pidgeon Estates! This wonderful home features gorgeous refinished hardwood floors, open concept living spaces, tons of natural light, updated kitchen w/ gas cooking & stainless steel appliances, beautiful built-ins flanking the fire place, generous sized bedrooms, storage galore, stairs leading to a walk in attic, large covered carport, newly built deck & the most perfect backyard for entertaining. Do not let this home pass you by!

Last Agent to Sell the Property

Morgan Ray

Ware Jones, REALTORS License #339815 Listed on: 11/11/2022

Ware Jones, REALTORS

Last Buyer's Agent

Michael Frizzell

Grind City Realty License #301725

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 70x140
  • Wood Fence
  • Landscaped

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,640 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Some Wood Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage Room
  • Attic

Kitchen

  • Updated Kitchen
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Termite Clearance

Parking

  • 2 Parking Spaces
  • Carport
  • Driveway
  • Gated Parking

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Magnolia Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055011 00003

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PIDGEON ESTATES
  • List Price Per Sq Ft: 195
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1640
  • Termite Contract: Yes
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedroom 3 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Living Room
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 2
  • Equipment: Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: Walk-In Attic, Security System
  • Other Rooms: Laundry Closet, Entry Hall, Attic, Storage Room
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Deck, Well Landscaped Grounds, Wood Fence, Storage
  • Exterior Windows: Brick Veneer, Wood Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2
  • Parking Storage: Driveway/Pad, Storage Room(s), Gated Parking

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Gas Water Heater

Lot Info

  • Lot Description: Landscaped, Wood Fenced
  • Lot Number: 95
  • Acreage: 0.22
  • Lot Size: 70X140

Tax Info

  • Assessor Parcel Number: 055011 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Feb 24, 2023
Sold by
Gleason Daniel Louis and Gleason Anna Claire
Bought by
Kawell George
Seller's Agent
Morgan Ray
Ware Jones, REALTORS
Buyer's Agent
Michael Frizzell
Grind City Realty
List Price
$319,000
Sold Price
$308,300
Premium/Discount to List
-$10,700
-3.35%
Views
19
Current Estimated Value
$336,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,149
Avg. Annual Appreciation
3.09%

Purchase Details

Listed on
Jan 12, 2019
Closed on
Feb 26, 2019
Sold by
Edlund Julie
Bought by
Gleason Daniel Louis and Gleason Anna Claire
Seller's Agent
Helen Akin
Crye-Leike, Inc., REALTORS
Buyer's Agent
Morgan Ray
Ware Jones, REALTORS
List Price
$284,500
Sold Price
$284,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.03%
Original Mortgage
$269,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2005
Sold by
Purkey Dustin James and Purkey Lori L
Bought by
Edlund Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,875
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2004
Sold by
Williams Robert S
Bought by
Purkey Dustin James and Purkey Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kawell George $308,300 Summit Title & Escrow
Gleason Daniel Louis $284,500 Realty Title
Edlund Julie $212,500 --
Purkey Dustin James $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gleason Daniel Louis $269,500
Previous Owner Edlund Julie $201,875
Previous Owner Purkey Dustin James $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2023 02/24/23 Sold $308,300 -3.4% $193 / Sq Ft
01/26/2023 01/26/23 For Sale $319,000 +3.5% $199 / Sq Ft
12/14/2022 12/14/22 Off Market $308,300 -- --
11/11/2022 11/11/22 For Sale $319,000 +12.1% $199 / Sq Ft
02/26/2019 02/26/19 Sold $284,500 0.0% $178 / Sq Ft View Prior Sale
01/12/2019 01/12/19 For Sale $284,500 -- $178 / 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 $2,365 $80,775 $23,625 $57,150
2024 $2,365 $69,775 $23,625 $46,150
2023 $4,250 $69,775 $23,625 $46,150
2022 $4,250 $69,775 $23,625 $46,150
2021 $2,407 $69,775 $23,625 $46,150
2020 $4,286 $59,150 $23,625 $35,525
2019 $1,890 $59,150 $23,625 $35,525
2018 $1,890 $59,150 $23,625 $35,525
2017 $1,935 $59,150 $23,625 $35,525
2016 $2,325 $53,200 $0 $0
2014 $2,325 $53,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Morgan Ray

    Seller's Agent in 2023

    Morgan Ray

    Ware Jones, REALTORS

    (662) 435-3961

    20 in this area

    67 Total Sales

    Morgan Ray
    Section Image
  • Michael Frizzell

    Buyer's Agent in 2023

    Michael Frizzell

    Grind City Realty

    (901) 485-3203

    11 in this area

    112 Total Sales

    Michael Frizzell
    Section Image
  • Helen Akin

    Seller's Agent in 2019

    Helen Akin

    Crye-Leike

    (901) 240-3912

    3 in this area

    33 Total Sales

    Helen Akin
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10137494

Memphis Area Association of REALTORS®

APN: 05-5011-0-0003

Tennessee Shelby County Memphis 38117 East Memphis

151 Wallace Rd, Memphis, TN

Not Listed for Sale

Detached

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