NOT LISTED FOR SALE

2525 Wellons Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $101,000 - $114,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$88/Sq Ft Est. Value

Last Sold January 17, 2020

Last sale price $42,000 $35 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $604/month

Highlights

  • Traditional Architecture
  • Porch
  • Combination Dining and Living Room
  • 1 Fireplace
  • Central Heating and Cooling System
  • Partially Carpeted

About This Home

As of January 2020

INVESTOR OPPORTUNITY: TENANT OCCUPIED. Currently $600 a Month. Quaint single family home with 3 bedrooms and 1 bathroom.Great Investment Opportunity! 3 Bedroom, 1 Bath Home. Great Home or Investment Property.

Last Agent to Sell the Property

Tony Jackson

Weichert REALTOR-SPM License #351052 Listed on: 09/24/2019

Weichert REALTOR-SPM

Last Buyer's Agent

Chris Mosby

ResiAmerica, Inc. License #282881

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $539

Year Built

  • Built in 1990

Lot Details

  • 6,970 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,025 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Combination Dining and Living Room
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Ff 15A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071048 H00148

Home Details

Home Type

Single Family

Est. Annual Taxes

$539

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 725D
  • MAAR Subdivision Name: ST ELMO 7TH ADD
  • List Price Per Sq Ft: 47
  • Number Of Stories: 1
  • Price Per Sq Ft: 40.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1025
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 554
  • Acreage: 0.16
  • Lot Size: x
  • Price Per Acre: 300000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 071048 H00148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2021
Sold by
Vb One Llc
Bought by
Vb Two Llc
Current Estimated Value
$105,484

Purchase Details

Listed on
Sep 24, 2019
Closed on
Jan 17, 2020
Sold by
Parkelo Investment Directions Llc
Bought by
Vb One Llc
Seller's Agent
Tony Jackson
Weichert REALTOR-SPM
Buyer's Agent
Chris Mosby
ResiAmerica, Inc.
List Price
$50,000
Sold Price
$42,000
Premium/Discount to List
-$8,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.47%

Purchase Details

Closed on
Jan 9, 2015
Sold by
Parker Irene L
Bought by
Parkelo Investment Directions Llc

Purchase Details

Closed on
Jul 14, 2014
Sold by
Parkelo Investment Directions Llc
Bought by
Parker Irene L

Purchase Details

Closed on
May 29, 2014
Sold by
A & A Real Estate & Investments
Bought by
Parkelo Investment Direstions Llc

Purchase Details

Closed on
May 13, 2014
Sold by
Parkelo Investment Directions Llc
Bought by
A & A Real Estate & Investment Corp

Purchase Details

Closed on
Apr 17, 2014
Sold by
Parkelo Investments Directions Llc
Bought by
A & A Real Estate & Investments Corp

Purchase Details

Closed on
Jan 24, 2014
Sold by
Parker Irene
Bought by
A & A Real Estate & Investments

Purchase Details

Closed on
Mar 30, 2006
Sold by
Parker Irene L
Bought by
Parkelo Investment Directions Llc

Purchase Details

Closed on
Oct 5, 2004
Sold by
Morris Investments
Bought by
Parker Irene L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Jackson Waymon and Jackson Netorcia
Bought by
Hud

Purchase Details

Closed on
Jul 12, 2000
Sold by
C V Butler Construction Llc
Bought by
Jackson Waymon and Jackson Netorcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,170
Interest Rate
8.17%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 15, 1999
Sold by
Tennessee Housing Development Agency
Bought by
Hud

Purchase Details

Closed on
Jan 12, 1999
Sold by
Cox Joyce M and Cox Larry Cox
Bought by
Tennessee Housing Development Agency
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
Vb Two Llc -- None Available
Vb One Llc $42,000 Home Surety T&E Llc
Parkelo Investment Directions Llc -- None Available
Parkelo Investments Directions Llc -- None Available
Parker Irene L -- None Available
Parkelo Investment Direstions Llc -- None Available
A & A Real Estate & Investment Corp -- None Available
A & A Real Estate & Investments Corp -- None Available
A & A Real Estate & Investments -- None Available
Parkelo Investment Directions Llc -- None Available
Parker Irene L $60,000 --
Hud $77,315 --
Jackson Waymon $58,200 --
Hud $52,549 --
Tennessee Housing Development Agency $52,549 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parker Irene L $57,000
Previous Owner Jackson Waymon $58,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2020 01/17/20 Sold $42,000 -12.5% $42 / Sq Ft
11/04/2019 11/04/19 Price Changed $48,000 -2.0% $48 / Sq Ft
10/16/2019 10/16/19 Price Changed $49,000 -2.0% $49 / Sq Ft
09/24/2019 09/24/19 For Sale $50,000 -- $50 / 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 $539 $21,725 $2,375 $19,350
2024 $539 $15,900 $2,025 $13,875
2023 $969 $15,900 $2,025 $13,875
2022 $969 $15,900 $2,025 $13,875
2021 $549 $15,900 $2,025 $13,875
2020 $770 $10,625 $2,025 $8,600
2019 $340 $10,625 $2,025 $8,600
2018 $340 $10,625 $2,025 $8,600
2017 $348 $10,625 $2,025 $8,600
2016 $461 $10,550 $0 $0
2014 $461 $10,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tony Jackson

    Seller's Agent in 2020

    Tony Jackson

    Weichert REALTOR-SPM

    (901) 410-3315

    8 in this area

    98 Total Sales

    Tony Jackson
    Section Image
  • Chris Mosby

    Buyer's Agent in 2020

    Chris Mosby

    ResiAmerica, Inc.

    (901) 830-7200

    26 in this area

    380 Total Sales

    Chris Mosby
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10062557

Memphis Area Association of REALTORS®

APN: 07-1048-H0-0148

Tennessee Shelby County Memphis 38127 Frayser

2525 Wellons Ave, Memphis, TN

This home is located at 2525 Wellons Ave, Memphis, TN 38127 since 24 September 2019 and is currently estimated at $105,484, approximately $87 per square foot. This property was built in 1990. 2525 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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