2342 Wellons Ave Memphis, TN 38127
Frayser NeighborhoodEstimated payment $644/month
Highlights
- Traditional Architecture
- Central Heating and Cooling System
- 1-Story Property
About This Home
This property presents an excellent opportunity for both new and seasoned investors looking to expand their portfolios. Currently tenant-occupied and well-maintained, it is conveniently located just minutes from downtown, offering easy access to shopping, dining, and I-240. The property is leased at $1,000 per month, with the lease secured through January 2026. The seller can provide current rent history upon request, as the tenant is in good standing with consistent payments. A $400 security deposit is in place. Please respect tenant rights and refrain from disturbing the occupant.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $561
Year Built
- Built in 1961
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 80x178
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 1,200-1,399 Sq Ft Home
- 1,393 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Central Heating and Cooling System
Community Details
- St Elmo 5Th Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 071048 00121
Map
Home Values in the Area
Average Home Value in this Area
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 | $561 | $23,975 | $2,575 | $21,400 |
| 2024 | $561 | $16,550 | $2,300 | $14,250 |
| 2023 | $1,008 | $16,550 | $2,300 | $14,250 |
| 2022 | $1,008 | $16,550 | $2,300 | $14,250 |
| 2021 | $1,020 | $16,550 | $2,300 | $14,250 |
| 2020 | $946 | $13,050 | $2,300 | $10,750 |
| 2019 | $417 | $13,050 | $2,300 | $10,750 |
| 2018 | $417 | $13,050 | $2,300 | $10,750 |
| 2017 | $427 | $13,050 | $2,300 | $10,750 |
| 2016 | $551 | $12,600 | $0 | $0 |
| 2014 | $551 | $12,600 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Pending | -- | -- | -- |
| 08/05/2025 08/05/25 | For Sale | $112,000 | 0.0% | $93 / Sq Ft |
| 07/21/2025 07/21/25 | Pending | -- | -- | -- |
| 04/16/2025 04/16/25 | For Sale | $112,000 | +187.2% | $93 / Sq Ft |
| 02/21/2020 02/21/20 | Sold | $39,000 | -2.3% | $33 / Sq Ft |
| 01/29/2020 01/29/20 | Pending | -- | -- | -- |
| 01/27/2020 01/27/20 | For Sale | $39,900 | -- | $33 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $39,000 | Realty Title & Escrow Co Inc | |
| Trustee Deed | $28,300 | None Available | |
| Warranty Deed | $55,600 | -- | |
| Trustee Deed | $54,810 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $69,350 | Unknown | |
| Previous Owner | $55,600 | No Value Available | |
| Previous Owner | $56,500 | Unknown |
Source: Memphis Area Association of REALTORS®
MLS Number: 10194392
APN: 07-1048-0-0121
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