NOT LISTED FOR SALE

1511 Welsh Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $162,000 - $202,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$115/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $150,000 $94 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,067/month

7 Days on Market

About This Home

As of August 2023

What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 08/17/2023

Last Buyer's Agent

Juan Casem

Crye-Leike Inc., REALTORS License #248712

Crye-Leike Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1952

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x133

Parking

  • 1 Parking Space

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,502 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Colonial Village A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066066 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,100

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 759E
  • MAAR Subdivision Name: COLONIAL ACRES
  • Number Of Stories: 1
  • Price Per Sq Ft: 99.87
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1502
  • Year Built: 1952
  • List Price/ Sq Ft: 100
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 95
  • Acreage: 0.18
  • Lot Size: 60X133
  • Price Per Acre: 833333

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 066066 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Porter Ray
Bought by
Nap Rental Llc
Current Estimated Value
$183,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,750
Outstanding Balance
$163,273
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$19,902

Purchase Details

Listed on
Aug 17, 2023
Closed on
Aug 31, 2023
Sold by
Vb One Llc
Bought by
Porter Ray
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Juan Casem
Crye-Leike Inc., REALTORS
List Price
$150,000
Sold Price
$150,000
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.03%

Purchase Details

Closed on
Sep 20, 2022
Sold by
Craig Richard M
Bought by
Vb One Llc

Purchase Details

Closed on
Nov 27, 2012
Sold by
Craig Richard M
Bought by
Craig Richad M

Purchase Details

Closed on
Feb 21, 2006
Sold by
Knight Irving
Bought by
Allen Ruth Knight and Allen Shelley Carol

Purchase Details

Closed on
Feb 26, 1999
Sold by
Church Gary A and Church Joyce C
Bought by
Craig Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,250
Interest Rate
7%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nap Rental Llc -- None Listed On Document
Porter Ray $150,000 None Listed On Document
Vb One Llc $149,500 Total Title Services
Craig Richad M -- Stewart Title Of Memphis Inc
Allen Ruth Knight -- None Available
Craig Richard M $80,650 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nap Rental Llc $165,750
Previous Owner Craig Richard M $82,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $150,000 0.0% $107 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $150,000 -- $107 / 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 $1,100 $47,775 $8,750 $39,025
2024 -- $32,450 $5,225 $27,225
2023 $1,977 $32,450 $5,225 $27,225
2022 $1,977 $32,450 $5,225 $27,225
2021 $2,000 $32,450 $5,225 $27,225
2020 $1,808 $24,950 $5,225 $19,725
2019 $797 $24,950 $5,225 $19,725
2018 $797 $24,950 $5,225 $19,725
2017 $816 $24,950 $5,225 $19,725
2016 $960 $21,975 $0 $0
2014 $960 $21,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2023

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    20 in this area

    1,435 Total Sales

    Dean Harris
    Section Image
  • Juan Casem

    Buyer's Agent in 2023

    Juan Casem

    Crye-Leike

    (901) 216-5529

    21 in this area

    136 Total Sales

    Juan Casem
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10154645

Memphis Area Association of REALTORS®

APN: 06-6066-0-0007

Tennessee Shelby County Memphis 38117 Colonial Acres

1511 Welsh Rd, Memphis, TN

This home is located at 1511 Welsh Rd, Memphis, TN 38117 since 17 August 2023 and is currently estimated at $183,175, approximately $114 per square foot. This property was built in 1952. 1511 Welsh Rd is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

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