NOT LISTED FOR SALE

2516 Wellons Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $117,997

3 Beds
2 Baths
1,078 Sq Ft
$109/Sq Ft Est. Value

About This Home

HABLAMOS ESPANOL!!!!!!!!

Discover the perfect blend of classic and modern luxury in this beautifully renovated home, nestled in a premium section of Frayser. Three spacious bedrooms and two brand-new full bathrooms, providing comfortable living. Open layout in the kitchen, all new flooring, central air and heat and pet friendly!

REQUIREMENTS: -You must make 3X the rent amount & show proof of employment -Rental History -We do not accept any rental judgements, or any evictions within the last 5 years also we do not accept any bankruptcies within the last 5 years, and we do not accept any felonies on the background.
Application Fee: $130.00
Administration Fee: $50.00

**Scam Warning***
Rivercity does not advertise on Craigslist. We will never ask you to wire money or request funds through a payment app on your mobile device. You will be asked to bring a property reservation fee to our office location. Please exercise caution and reach out to us directly if you have any concerns or questions!!
This property allows self guided viewing without an appointment. Contact for details.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2025
Sold by
Pegasus Real Estate Services Llc
Bought by
Current Estimated Value
$117,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,900
Outstanding Balance
$133,542
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$15,545

Purchase Details

Closed on
Sep 2, 2025
Sold by
Thompson Monica
Bought by
Pegasus Real Estate Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,900
Outstanding Balance
$133,542
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$15,545

Purchase Details

Closed on
Jun 2, 1998
Sold by
Bright Future Homes Inc
Bought by
Sanders Catherine
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Frayser, TN

  • Michelle Shaver-Simpson Real Estate Agent - Crye-Leike, Inc., REALTORS

    Michelle Shaver-Simpson

    Crye-Leike, Inc., REALTORS

    (901) 464-3556

    74 Total Sales

    1 in Frayser

    $70,000 Price

    Michelle Shaver-Simpson
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  • Juan Casem Real Estate Agent - Crye-Leike

    Juan Casem

    Crye-Leike

    (901) 979-1402

    113 Total Sales

    1 in Frayser

    $230,000 Price

    Juan Casem
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  • Julie Upchurch Real Estate Agent - McWaters & Associates

    Julie Upchurch

    McWaters & Associates

    (901) 509-9177

    144 Total Sales

    1 in Frayser

    $110,000 Price

    Julie Upchurch
     Section Image
  • Jo Mathes Real Estate Agent - Pinnacle Realty

    Jo Mathes

    Pinnacle Realty

    (901) 371-4079

    64 Total Sales

    6 in Frayser

    $50K - $255K Price Range

    Jo Mathes
     Section Image
  • Jason Miller Real Estate Agent - eXp Realty, LLC

    Jason Miller

    Responds Quickly

    eXp Realty, LLC

    (901) 531-9258

    234 Total Sales

    4 in Frayser

    $40K - $175K Price Range

    Jason Miller
     Section Image
  • Haydn Wiseman Real Estate Agent - Cahltrep Realty, LLC

    Haydn Wiseman

    Cahltrep Realty, LLC

    (901) 267-5622

    85 Total Sales

    11 in Frayser

    $35K - $175K Price Range

    Haydn Wiseman
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$134,900 Saddle Creek Title
Pegasus Real Estate Services Llc $70,000 Saddle Creek Title
Sanders Catherine $57,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $134,900
Closed Pegasus Real Estate Services Llc $80,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/10/2026 09/10/26 Price Changed $1,495 -3.5% $1 / Sq Ft
07/30/2026 07/30/26 For Rent $1,550 -- --

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $714 $26,550 $2,375 $24,175
2024 $649 $19,150 $2,025 $17,125
2023 $1,167 $19,150 $2,025 $17,125
2022 $1,167 $19,150 $2,025 $17,125
2021 $1,180 $19,150 $2,025 $17,125
2020 $949 $13,100 $2,025 $11,075
2019 $949 $13,100 $2,025 $11,075
2018 $949 $13,100 $2,025 $11,075
2017 $538 $13,100 $2,025 $11,075
2016 $566 $12,950 $0 $0
2014 $566 $12,950 $0 $0
Source: Public Records

Map

Tennessee Shelby County Memphis 38127 Frayser

2516 Wellons Ave, Memphis, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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