NOT LISTED FOR SALE

1542 Wells Station Rd Memphis, TN 38108

Douglass Neighborhood

Estimated Value: $96,000 - $142,000

3 Beds
2 Baths
2,000-2,199 Sq Ft
$58/Sq Ft Est. Value

Last Sold April 23, 2024

Last sale price $149,900 $68 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $747/month

60 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Wood Flooring

About This Home

As of April 2024

Great investment property that is currently rented to a 6 year tenant at $1400.00 per month. I have them on month to month because Im selling and want to give new owner the option to renew or not. Large house with updated siding, new lvp in large back area, paint and roofing. Home is occupied so please do not go by without setting an appt. Owner/Agent

Last Agent to Sell the Property

Adam Kelly

Fast Track Realty, LLC License #278816 Listed on: 02/10/2024

Co-Listed By

Patty Jennings

Norman, REALTORS License #218539

Last Buyer's Agent

Patty Jennings

Norman, REALTORS License #218539

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $627

Year Built

  • Built in 1952

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60x145
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 1,993 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Iron Doors
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Lynwood Park Second Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 053094 00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$627

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752B
  • MAAR Subdivision Name: LYNWOOD PARK 2ND ADD
  • Number Of Stories: 1
  • Price Per Sq Ft: 75.21
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1993
  • Year Built: 1952
  • List Price/ Sq Ft: 75
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Vinyl/Luxury Vinyl Floor
  • Full Bathrooms: 2
  • Living Dining Kitchen: Washer/Dryer Connections
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 155
  • Acreage: 0.21
  • Lot Size: 60X145
  • Price Per Acre: 713810

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 053094 00018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2024
Closed on
Apr 22, 2024
Sold by
5K Properties Llc
Bought by
Sangha Vreiti
Seller's Agent
Adam Kelly
Fast Track Realty, LLC
Buyer's Agent
Patty Jennings
Norman, REALTORS
List Price
$154,900
Sold Price
$149,900
Premium/Discount to List
-$5,000
-3.23%
Views
30
Current Estimated Value
$127,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,094
Avg. Annual Appreciation
-7.19%
Original Mortgage
$112,425
Outstanding Balance
$111,153
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$24,380

Purchase Details

Closed on
Mar 18, 2022
Sold by
Kbr & Company Llc
Bought by
5K Properties Llc

Purchase Details

Closed on
Sep 6, 2012
Sold by
Rowan Brian and Rowan Kristi
Bought by
Kbr & Company Llc

Purchase Details

Closed on
Jun 15, 2010
Sold by
Jrc Investments
Bought by
Rowan Brian and Rowan Kristi

Purchase Details

Closed on
Aug 3, 2009
Sold by
Lin Rebecca
Bought by
Jrc Investments

Purchase Details

Closed on
May 20, 2009
Sold by
Fannie Mae
Bought by
Lin Rebecca

Purchase Details

Closed on
Nov 4, 2008
Sold by
Schmidt Chris and Schmidt Tammy L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 21, 2008
Sold by
Schmidt Chris
Bought by
Schmidt Tammy

Purchase Details

Closed on
Apr 11, 2001
Sold by
Floyd Ann
Bought by
Schmidt Chris and Schmidt Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,615
Interest Rate
10.16%

Purchase Details

Closed on
Dec 10, 1999
Sold by
Gossage Jerry D and Gossage Jeanne B
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
Sangha Vreiti $149,900 None Listed On Document
5K Properties Llc $152,500 None Listed On Document
Kbr & Company Llc -- None Available
Rowan Brian $29,000 None Available
Jrc Investments -- None Available
Lin Rebecca $32,500 None Available
Federal National Mortgage Association $58,994 None Available
Schmidt Tammy -- None Available
Schmidt Chris $50,000 Transcontinental Title Co
Hud $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sangha Vreiti $112,425
Previous Owner Schmidt Chris $71,250
Previous Owner Schmidt Chris $14,000
Previous Owner Schmidt Chris $51,615
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2024 04/23/24 Sold $149,900 0.0% $75 / Sq Ft
02/26/2024 02/26/24 Price Changed $149,900 -3.2% $75 / Sq Ft
02/10/2024 02/10/24 For Sale $154,900 -- $77 / 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 $627 $38,150 $2,475 $35,675
2024 $627 $18,500 $1,450 $17,050
2023 $1,127 $18,500 $1,450 $17,050
2022 $1,127 $18,500 $1,450 $17,050
2021 $638 $18,500 $1,450 $17,050
2020 $857 $11,825 $1,300 $10,525
2019 $378 $11,825 $1,300 $10,525
2018 $378 $11,825 $1,300 $10,525
2017 $387 $11,825 $1,300 $10,525
2016 $454 $10,400 $0 $0
2014 $454 $10,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Adam Kelly

    Fast Track Realty, LLC

    (901) 767-8770

    1 in this area

    21 Total Sales

    Adam Kelly
    Section Image

  • P

    Seller Co-Listing Agent in 2024

    Patty Jennings

    Norman, REALTORS

    (901) 461-8330

    1 in this area

    49 Total Sales

    Patty Jennings
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10165741

Memphis Area Association of REALTORS®

APN: 05-3094-0-0018

Tennessee Shelby County Memphis 38108 Douglass

1542 Wells Station Rd, Memphis, TN

This home is located at 1542 Wells Station Rd, Memphis, TN 38108 since 10 February 2024 and is currently estimated at $127,806, approximately $58 per square foot. This property was built in 1952. 1542 Wells Station Rd is a home located in Shelby County with nearby schools including Wells Station Elementary School, Kingsbury Middle School, and Kingsbury High School.

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