$87,500
SOLD APR 7, 2021

2559 Wellons Ave Memphis, TN 38127

Frayser Neighborhood
3 Beds
1 Bath
1,000-1,199 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$73 Per Sq Ft

4% Above List Price

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of April 2021

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $775 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 12/04/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $735

Year Built

  • Built in 1989

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 59x120
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,026 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • St Elmo 7Th Addn Rev Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071048 H00142

Home Details

Home Type

Single Family

Est. Annual Taxes

$735

Year Built

Built in 1989

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: 82
  • Number Of Stories: 1
  • Price Per Sq Ft: 85.28
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1026
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Equipment: Disposal, Dishwasher
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 548
  • Acreage: 0.16
  • Lot Size: 59X120
  • Price Per Acre: 524375

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 071048 H00142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2024
Sold by
Cockerill Jamie Francine
Bought by
Cash And Jamie Cockerill Living Trust and Cockerill

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 19, 2021
Sold by
Memphis Investment Properties Ii Llc
Bought by
Cockerill Jamie Francine
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$83,900
Sold Price
$87,500
Premium/Discount to List
$3,600
4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.92%

Purchase Details

Closed on
Nov 30, 2020
Sold by
Lark Aliccia Ann
Bought by
Memphis Investment Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,680
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2020
Sold by
Lark Beverly
Bought by
Lark Aliccia Ann
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $87,500 Delta Title Services Llc
Warranty Deed $35,000 Delta Title Services Llc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $60,680 Commercial
Previous Owner $40,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 For Sale $115,000 0.0% $115 / Sq Ft
05/22/2025 05/22/25 Price Changed $1,135 0.0% $1 / Sq Ft
05/22/2025 05/22/25 For Rent $1,135 +17.6% --
05/20/2025 05/20/25 Off Market $965 -- --
05/15/2025 05/15/25 For Rent $965 0.0% --
04/07/2021 04/07/21 Sold $87,500 +4.3% $88 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $83,900 -- $84 / 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 $735 $30,950 $2,375 $28,575
2024 $735 $21,675 $2,025 $19,650
2023 $1,320 $21,675 $2,025 $19,650
2022 $1,320 $21,675 $2,025 $19,650
2021 $1,200 $16,575 $2,025 $14,550
2020 $788 $10,875 $2,025 $8,850
2019 $348 $10,875 $2,025 $8,850
2018 $348 $10,875 $2,025 $8,850
2017 $356 $10,875 $2,025 $8,850
2016 $473 $10,825 $0 $0
2014 $473 $10,825 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brett Bernard

    Seller's Agent in 2025

    Brett Bernard

    The Stamps Real Estate Company

    (901) 692-7401

    78 in this area

    221 Total Sales

    Brett Bernard
    Section Image
  • Marissa Miller

    Seller Co-Listing Agent in 2025

    Marissa Miller

    The Stamps Real Estate Company

    (850) 490-3951

    3 in this area

    11 Total Sales

    Marissa Miller
    Section Image
  • Jim Reedy

    Seller's Agent in 2021

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    79 in this area

    447 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2021

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    78 in this area

    464 Total Sales

    Bradley Reedy
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10089909

Memphis Area Association of REALTORS®

APN: 07-1048-H0-0142

Tennessee Shelby County Memphis 38127 Frayser

2559 Wellons Ave, Memphis, TN

This home is located at 2559 Wellons Ave, Memphis, TN 38127 and is currently priced at $87,500, approximately $72 per square foot. This property was built in 1989. 2559 Wellons Ave is a home located in Shelby County with nearby schools including Hawkins Mill Elementary School, Georgian Hills Junior High School, and Trezevant High School.

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