NOT LISTED FOR SALE

227 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $330,946 - $362,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$216/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $342,000 $214 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,038/month

10 Days on Market

Highlights

  • In Ground Pool
  • Updated Kitchen
  • Deck
  • White Station High Rated A
  • Landscaped Professionally
  • Traditional Architecture

About This Home

As of July 2023

Reintroducing this fantastic 3/2 ranch nestled in E Memphis. A rare gem offering the perfect combination of comfort & luxury. Compl renovated kitchen boasts gorgeous granite cntertops, SS appl, gas cktop, and sleek vent hood to round out the look. Lovely open floor plan making cooking and entertaining a breeze.Renovated baths, Ingrnd pool, park like back yard, and lg deck provide the perfect outdoor oasis. Also has garage & full house Kohler generator. Newer roof, HVAC and pool liner.

Last Agent to Sell the Property

Anna Bishop

Crye-Leike, Inc., REALTORS License #332094 Listed on: 06/14/2023

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Tyler Bowman

Weichert, REALTORS-BenchMark License #333215

Weichert, REALTORS-BenchMark

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 71x140
  • Chain Link Fence
  • Landscaped Professionally
  • Level Lot

Home Design

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

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,566 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Den
  • Sun or Florida Room
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Driveway

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Deck

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • Magnolia Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055009 00011

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional, Ranch
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PIDGEON ESTATES
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1566
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Sun Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Carpet
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Island In Kitchen, Washer/Dryer Connections
  • Misc Interior: Pull Down Attic Stairs, Vent Hood/Exhaust Fan
  • Other Rooms: Sun Room
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Carpet

Exterior Features

  • Misc Exterior: Pool Cleaning Equipment, Deck
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Professionally Landscaped, Chain Fenced
  • Lot Number: 86
  • Acreage: 0.22
  • Lot Size: 71X140

Tax Info

  • Assessor Parcel Number: 055009 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Jul 21, 2023
Sold by
Owen Scott A and Owen Catherine
Bought by
Boehm Ashley
Seller's Agent
Anna Bishop
Crye-Leike, Inc., REALTORS
Buyer's Agent
Tyler Bowman
Weichert, REALTORS-BenchMark
List Price
$370,000
Sold Price
$342,000
Premium/Discount to List
-$28,000
-7.57%
Views
136
Current Estimated Value
$356,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,669
Avg. Annual Appreciation
0.44%
Original Mortgage
$273,600
Outstanding Balance
$266,650
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$79,087

Purchase Details

Closed on
Mar 4, 2021
Sold by
Owen Scott A
Bought by
Owen Scott A and Wyble Catherine

Purchase Details

Listed on
Sep 15, 2013
Closed on
Dec 30, 2013
Sold by
Michels Lisa
Bought by
Owen Scott A
Seller's Agent
Helen Akin
Crye-Leike, Inc., REALTORS
Buyer's Agent
John Linthicum
Crye-Leike, Inc., REALTORS
List Price
$249,900
Sold Price
$228,000
Premium/Discount to List
-$21,900
-8.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.51%
Original Mortgage
$216,600
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2006
Sold by
Roy Ryan A and Roy Molly D Lomax
Bought by
Michels Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2002
Sold by
Falconer David A and Falconer Kimberly R
Bought by
Roy Ryan A and Lomax Molly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,145
Interest Rate
6.85%

Purchase Details

Closed on
May 30, 2000
Sold by
Owen Kuhlo Elizabeth W
Bought by
Falconer David A and Falconer Kimberly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,800
Interest Rate
8.14%

Purchase Details

Closed on
Oct 2, 1998
Sold by
Wallace Mary C
Bought by
Owen Elizabeth W
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
Boehm Ashley $342,000 Realty Title & Escrow
Owen Scott A -- Baymark T&E Svcs Llc
Owen Scott A $228,000 Multiple
Michels Lisa $210,000 Realty Title & Escrow
Roy Ryan A $183,500 --
Falconer David A $183,500 --
Falconer David A $183,500 --
Owen Elizabeth W $152,500 First American Title Ins Co
Owen Elizabeth W $152,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boehm Ashley $273,600
Previous Owner Owen Scott A $216,600
Previous Owner Michels Lisa $168,000
Previous Owner Roy Ryan A $187,145
Previous Owner Falconer David A $146,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2023 07/21/23 Sold $342,000 -2.3% $244 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
06/21/2023 06/21/23 Price Changed $350,000 -5.4% $250 / Sq Ft
06/14/2023 06/14/23 For Sale $370,000 +62.3% $264 / Sq Ft
12/30/2013 12/30/13 Sold $228,000 -8.8% $145 / Sq Ft View Prior Sale
12/11/2013 12/11/13 Pending -- -- --
09/15/2013 09/15/13 For Sale $249,900 -- $159 / 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 $2,289 $83,275 $23,625 $59,650
2024 $2,289 $67,525 $23,625 $43,900
2023 $4,113 $67,525 $23,625 $43,900
2022 $4,113 $67,525 $23,625 $43,900
2021 $4,162 $67,525 $23,625 $43,900
2020 $4,161 $57,425 $23,625 $33,800
2019 $4,161 $57,425 $23,625 $33,800
2018 $4,161 $57,425 $23,625 $33,800
2017 $2,360 $57,425 $23,625 $33,800
2016 $2,193 $50,175 $0 $0
2014 $2,193 $50,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anna Bishop

    Seller's Agent in 2023

    Anna Bishop

    Crye-Leike

    (901) 573-2832

    13 in this area

    267 Total Sales

    Anna Bishop
    Section Image
  • Tyler Bowman

    Buyer's Agent in 2023

    Tyler Bowman

    Weichert, REALTORS-BenchMark

    (901) 517-8564

    7 in this area

    104 Total Sales

    Tyler Bowman
    Section Image
  • Helen Akin

    Seller's Agent in 2013

    Helen Akin

    Crye-Leike

    (901) 240-3912

    3 in this area

    33 Total Sales

    Helen Akin
    Section Image
  • John Linthicum

    Buyer's Agent in 2013

    John Linthicum

    Crye-Leike, Inc., REALTORS

    (901) 483-1018

    9 Total Sales

    John Linthicum
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10150073

Memphis Area Association of REALTORS®

APN: 05-5009-0-0011

Tennessee Shelby County Memphis 38117 East Memphis

227 Wallace Rd, Memphis, TN

Not Listed for Sale

Detached

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