RENTED DEC 21, 2025

181 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $353,225 - $422,000

4 Beds
2 Baths
1,979 Sq Ft
$192/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $347,000 $175 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,187/month

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • Screened Porch
  • White Station High Rated A
  • Separate Formal Living Room
  • Brick Veneer

About This Home

As of December 2025

4 bed/2 bath rental in Pidgeon Estates! 4th bed being used as primary bedroom closet so currently used as 3 bedroom. Fabulous deck & fenced yard. Interior incl. gorgeous HW floors, new paint, & updated kitchen w/ new countertops, appliances, backsplash & cabinet faces. Fabulous deck & fenced yard. New HVAC, water heater. Open to 6-12 mo. lease. Fridge & washer/dryer included. Pets allowed $2500 security deposit + 1st month rent due at signing. Yard maintenace + pest control included. Available early December.

Last Agent to Rent the Property

Julie Upchurch

McWaters & Associates License #343132 Listed on: 11/19/2025

Last Renter's Agent

Julie Upchurch

McWaters & Associates License #343132 Listed on: 11/19/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 72x140
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,979 Sq Ft Home
  • 1.5-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Screened Porch
  • Attic Access Panel
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary bedroom located on second floor
  • 2 Full Bathrooms
  • Double Vanity

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Magnolia Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055009 00017

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Rental Properties
  • Type: Rental
  • Style Code Use: General Residential
  • MAAR Subdivision Name: PIDGEON ESTATES
  • Freestanding: Yes
  • Number Of Stories: 1.5
  • Estimated Sq Ft: 1979
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, 2nd Bedroom, 3rd Bedroom
  • Second Story Floor Plan: Primary Bedroom, 4th or More Bedrooms, 1 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Double Vanity Bath
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Misc Interior: Attic Access, Smoke Detector(s)
  • Other Rooms: Laundry Closet

Exterior Features

  • Misc Exterior: Porch, Screen Porch
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Window Unit(s)
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced
  • Lot Number: 92
  • Acreage: 0.23
  • Lot Size: 72X140
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 055009 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
May 20, 2021
Sold by
Berard Christopher M and Berard Alexa G
Bought by
Hamm Charles M and Witson Ashleigh K
Seller's Agent
Sissy Vaughan
BHHS McLemore & Co., Realty
Buyer's Agent
Julie Upchurch
McWaters & Associates
List Price
$347,000
Sold Price
$347,000
Current Estimated Value
$380,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,556
Avg. Annual Appreciation
1.96%
Original Mortgage
$329,650
Outstanding Balance
$296,500
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$84,056

Purchase Details

Listed on
Aug 1, 2019
Closed on
Oct 10, 2019
Sold by
Sanderson Cullen J and Sanderson Mollie R
Bought by
Berard Christopher M and Fila Alexa C
Seller's Agent
Andrew Turnage
Baxter Read Realty
Buyer's Agent
Sissy Vaughan
BHHS McLemore & Co., Realty
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$294,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2017
Sold by
Stone William Ross and Stone Jennifer H
Bought by
Sanderson Cullen J and Sanderson Mollie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,125
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 23, 2014
Sold by
Byrd James I
Bought by
Stone William Ross and Stone Jennifer H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.23%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 12, 2009
Sold by
Pratt Charles B and Pratt Leigh S
Bought by
Byrd James I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
4.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 1998
Sold by
Barnes John H
Bought by
Pratt Charles B and Pratt Leigh S

Purchase Details

Closed on
Jan 17, 1997
Sold by
Barnes Bethany Askew
Bought by
Barnes John Howard

Purchase Details

Closed on
Jun 15, 1996
Sold by
Hardin Wesley G and Hardin Anne A
Bought by
Barnes John Howard and Barnes Bethany Askew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,135
Interest Rate
8.05%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 28, 1995
Bought by
Byars George R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hamm Charles M $347,000 None Available
Berard Christopher M $310,000 Executive Ttl & Closing Inc
Sanderson Cullen J $267,500 Executive Title & Closing In
Stone William Ross $230,000 None Available
Byrd James I $205,000 None Available
Pratt Charles B $140,000 Equity Title & Escrow Co
Pratt Charles B $140,000 Equity Title & Escrow Co
Barnes John Howard -- --
Barnes John Howard -- --
Barnes John Howard $144,000 --
Barnes John Howard $144,000 --
Byars George R $133,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamm Charles M $329,650
Previous Owner Berard Christopher M $294,500
Previous Owner Sanderson Cullen J $254,125
Previous Owner Stone William Ross $224,000
Previous Owner Byrd James I $164,000
Previous Owner Barnes John Howard $131,135
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2025 12/21/25 Rented $2,500 0.0% --
11/19/2025 11/19/25 For Rent $2,500 -3.1% --
08/18/2024 08/18/24 Rented $2,580 +3.2% --
08/04/2024 08/04/24 For Rent $2,500 0.0% --
05/20/2021 05/20/21 Sold $347,000 0.0% $193 / Sq Ft View Prior Sale
04/20/2021 04/20/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $347,000 +11.9% $193 / Sq Ft
10/10/2019 10/10/19 Sold $310,000 -1.6% $172 / Sq Ft View Prior Sale
09/19/2019 09/19/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $315,000 -- $175 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $2,537 $89,700 $23,625 $66,075
2024 $2,537 $74,825 $23,625 $51,200
2023 $4,558 $74,825 $23,625 $51,200
2022 $4,558 $74,825 $23,625 $51,200
2021 $4,612 $74,825 $23,625 $51,200
2020 $4,833 $66,700 $23,625 $43,075
2019 $2,132 $66,700 $23,625 $43,075
2018 $2,132 $66,700 $23,625 $43,075
2017 $2,182 $66,700 $23,625 $43,075
2016 $2,573 $58,875 $0 $0
2014 $2,573 $58,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julie Upchurch

    Landlord's Agent in 2025

    Julie Upchurch

    McWaters & Associates

    (901) 412-0111

    18 in this area

    146 Total Sales

    Julie Upchurch
    Section Image
  • Sissy Vaughan

    Seller's Agent in 2021

    Sissy Vaughan

    BHHS McLemore & Co., Realty

    (901) 870-6227

    4 in this area

    68 Total Sales

    Sissy Vaughan
    Section Image
  • Andrew Turnage

    Seller's Agent in 2019

    Andrew Turnage

    Baxter Read Realty

    (901) 413-0384

    25 in this area

    84 Total Sales

    Andrew Turnage
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10210040

Memphis Area Association of REALTORS®

APN: 05-5009-0-0017

Tennessee Shelby County Memphis 38117 East Memphis

181 Wallace Rd, Memphis, TN

Not Listed for Sale

Detached

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