NOT LISTED FOR SALE

2466 Wellons Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $83,000 - $128,194

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$82/Sq Ft Est. Value

Last Sold December 19, 2023

Last sale price $76,500 $55 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $667/month

79 Days on Market

About This Home

As of December 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: 09/20/2023

Last Buyer's Agent

Fred Sengstacke

KAIZEN Realty, LLC License #320751

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $709

Year Built

  • Built in 1998

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x115

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,333 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Community Details

  • St Elmo 7Th Addn Rev Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071048 H00163

Home Details

Home Type

Single Family

Est. Annual Taxes

$709

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 725D
  • MAAR Subdivision Name: ST ELMO 7TH ADD
  • Number Of Stories: 1
  • Price Per Sq Ft: 57.39
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1333
  • Year Built: 1998
  • List Price/ Sq Ft: 60
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 1.1

Lot Info

  • Lot Number: 514
  • Acreage: 0.15
  • Lot Size: 60X115
  • Price Per Acre: 532667

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 071048 H00163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Dec 14, 2023
Sold by
Vb One Llc
Bought by
Octopus Group Inc
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Fred Sengstacke
KAIZEN Realty, LLC
List Price
$100,000
Sold Price
$76,500
Premium/Discount to List
-$23,500
-23.5%
Views
45
Current Estimated Value
$114,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,299
Avg. Annual Appreciation
25.45%
Original Mortgage
$2,000,000
Outstanding Balance
$1,966,419
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
-$1,851,620

Purchase Details

Closed on
Sep 19, 2014
Sold by
Guenther Hans J and Miller Ewell D
Bought by
Prager Property Owner 2 Llc

Purchase Details

Closed on
Mar 31, 2008
Sold by
Golden Sharon
Bought by
Guenther Hans and Miller Ewell

Purchase Details

Closed on
Dec 8, 1998
Sold by
Neighborhood Hous Opportunities Inc
Bought by
Golden Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,969
Interest Rate
6.9%
Mortgage Type
FHA
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
Octopus Group Inc $76,500 None Listed On Document
Prager Property Owner 2 Llc $357,400 None Available
Guenther Hans $30,961 None Available
Golden Sharon $60,000 Equity Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Octopus Group Inc $2,000,000
Previous Owner Golden Sharon $59,969
Closed Golden Sharon $2,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2023 12/19/23 Sold $76,500 -4.3% $64 / Sq Ft
12/08/2023 12/08/23 Pending -- -- --
11/15/2023 11/15/23 Price Changed $79,900 -5.9% $67 / Sq Ft
11/06/2023 11/06/23 Price Changed $84,900 -5.7% $71 / Sq Ft
10/17/2023 10/17/23 Price Changed $90,000 -5.3% $75 / Sq Ft
10/05/2023 10/05/23 Price Changed $95,000 -5.0% $79 / Sq Ft
09/20/2023 09/20/23 For Sale $100,000 -- $83 / 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 $709 $29,100 $2,375 $26,725
2024 $709 $20,925 $2,025 $18,900
2023 $1,275 $20,925 $2,025 $18,900
2022 $1,275 $20,925 $2,025 $18,900
2021 $1,515 $20,925 $2,025 $18,900
2020 $1,034 $14,275 $2,025 $12,250
2019 $456 $14,275 $2,025 $12,250
2018 $456 $14,275 $2,025 $12,250
2017 $467 $14,275 $2,025 $12,250
2016 $574 $13,125 $0 $0
2014 $574 $13,125 $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

    212 in this area

    1,432 Total Sales

    Dean Harris
    Section Image
  • Fred Sengstacke

    Buyer's Agent in 2023

    Fred Sengstacke

    KAIZEN Realty, LLC

    (901) 674-0837

    19 in this area

    50 Total Sales

    Fred Sengstacke
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10157093

Memphis Area Association of REALTORS®

APN: 07-1048-H0-0163

Tennessee Shelby County Memphis 38127 Frayser

2466 Wellons Ave, Memphis, TN

This home is located at 2466 Wellons Ave, Memphis, TN 38127 since 20 September 2023 and is currently estimated at $114,799, approximately $82 per square foot. This property was built in 1998. 2466 Wellons Ave is a home located in Shelby County with nearby schools including Hawkins Mill Elementary School, Georgian Hills Middle School, and Trezevant High School.

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