NOT LISTED FOR SALE

151 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $332,633 - $412,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$202/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2023

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

Est. 14% increase in value since last sale

Current estimated payment $2,129 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

9,583 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$352,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,628
Avg. Annual Appreciation
4.81%

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in East Memphis, TN

  • Amanda Lee Real Estate Agent - McWaters & Associates

    Amanda Lee

    McWaters & Associates

    (901) 763-8191

    119 Total Sales

    10 in East Memphis

    $242K - $675K Price Range

    Amanda Lee
     Section Image
  • Toni Green Real Estate Agent - Crye-Leike, Inc., REALTORS

    Toni Green

    Crye-Leike, Inc., REALTORS

    (901) 437-4651

    33 Total Sales

    2 in East Memphis

    $430K - $495K Price Range

    Toni Green
     Section Image
  • Jim Williams Real Estate Agent - Tiger Realty

    Jim Williams

    Tiger Realty

    (901) 763-6539

    32 Total Sales

    1 in East Memphis

    $539,000 Price

    Jim Williams
     Section Image
  • Carole Ann Burns Real Estate Agent - Crye-Leike, Inc., REALTORS

    Carole Ann Burns

    Crye-Leike, Inc., REALTORS

    (901) 979-0941

    48 Total Sales

    1 in East Memphis

    $200,000 Price

    Carole Ann Burns
     Section Image
  • Jo Mathes Real Estate Agent - Pinnacle Realty

    Jo Mathes

    Pinnacle Realty

    (901) 371-4079

    65 Total Sales

    1 in East Memphis

    $31,500 Price

    Jo Mathes
     Section Image
  • Jason Miller Real Estate Agent - eXp Realty, LLC

    Jason Miller

    Responds Quickly

    eXp Realty, LLC

    (901) 531-9258

    235 Total Sales

    1 in East Memphis

    $330,000 Price

    Jason Miller
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,173 $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 Real Estate Agent - Ware Jones, REALTORS

    Seller's Agent in 2023

    Morgan Ray

    Ware Jones, REALTORS

    (662) 435-3961

    21 in this area

    63 Total Sales

    Morgan Ray
    Section Image
  • Michael Frizzell Real Estate Agent - Grind City Realty

    Buyer's Agent in 2023

    Michael Frizzell

    Grind City Realty

    (901) 485-3203

    10 in this area

    100 Total Sales

    Michael Frizzell
    Section Image
  • Helen Akin Real Estate Agent - Crye-Leike

    Seller's Agent in 2019

    Helen Akin

    Crye-Leike

    (901) 240-3912

    3 in this area

    33 Total Sales

    Helen Akin
    Section Image
See All Agents

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

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.

Memphis Area Association of REALTORS® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.