NOT LISTED FOR SALE

350 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $343,000 - $414,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$206/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $337,000 $187 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,155/month

15 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Separate Formal Living Room
  • White Station High Rated A
  • Wood Flooring
  • Screened Porch

About This Home

As of August 2020

HIGHEST AND BEST OFFERS 12pm 7/10/20. Rare find! Quiet, corner lot, in highly desirable East Memphis. Renovated, open-plan, clean lighting and fixtures. Fresh ext paint, updated baths, beautiful wood floors, crown-mold, built-ins, oversized third bedroom. SS app., granite counters, large pantry, French drs to screen porch w fans, covered front porch, landscaping. Climate-control storage room & Large Laundry rm w sink and cabinetry. Att. 2car garage, storage shed. Walk to Greenline.

Last Agent to Sell the Property

Alex Turner

Hobson, REALTORS License #315256 Listed on: 07/04/2020

Last Buyer's Agent

Sam Jordan

Crye-Leike, Inc., REALTORS License #236737

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 105x191
  • Landscaped
  • Level Lot
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,702 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Screened Porch
  • Storage Room
  • Wood Flooring
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Magnolia Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055025 00027

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch, Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Rose and Chickasaw
  • MAAR Subdivision Name: MAGNOLIA PARK
  • List Price Per Sq Ft: 191
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1702
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Hardwood Floor, Shared Bath, Level 1
  • Bedroom 3 Description: Hardwood Floor, Shared Bath, Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Smooth Ceiling
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Separate Breakfast Room, Pantry
  • P R I M A R Y B E D R O O M: Full Bath, Hardwood Floor, Level 1

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Screen Porch
  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Circular Drive, Storage Room(s), Workshop(s), Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level, Landscaped
  • Lot Number: 1
  • Acreage: 0.46
  • Lot Size: 105X191

Tax Info

  • Assessor Parcel Number: 055025 00027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2020
Closed on
Aug 26, 2020
Sold by
Mcleod Matthew A and Mcleod Lizabeth C
Bought by
Parker Jennifer
Seller's Agent
Alex Turner
Hobson, REALTORS
Buyer's Agent
Sam Jordan
Crye-Leike, Inc., REALTORS
List Price
$325,000
Sold Price
$337,000
Premium/Discount to List
$12,000
3.69%
Current Estimated Value
$369,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,723
Avg. Annual Appreciation
1.74%
Original Mortgage
$178,000
Outstanding Balance
$127,023
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$242,700

Purchase Details

Listed on
Dec 31, 2015
Closed on
Jan 2, 2016
Sold by
Anhure Investments Llc
Bought by
Mcleod Matthew A and Mcleod Lizabeth C
Seller's Agent
Melody Bourell
Marx-Bensdorf, REALTORS
Buyer's Agent
Andra Huggins
C21 Home First, REALTORS
List Price
$274,900
Sold Price
$265,800
Premium/Discount to List
-$9,100
-3.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$265,000
Interest Rate
3.97%
Mortgage Type
VA

Purchase Details

Closed on
Nov 6, 2015
Sold by
Williams Troy C
Bought by
Anhure Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.97%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Parker Jennifer $337,000 None Available
Mcleod Matthew A $265,800 Fntg
Anhure Investments Llc $155,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parker Jennifer $178,000
Previous Owner Mcleod Matthew A $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2020 08/26/20 Sold $337,000 +3.7% $211 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/04/2020 07/04/20 For Sale $325,000 +22.3% $203 / Sq Ft
02/02/2016 02/02/16 Sold $265,800 -3.3% $166 / Sq Ft View Prior Sale
01/10/2016 01/10/16 Pending -- -- --
12/31/2015 12/31/15 For Sale $274,900 -- $172 / 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 $2,684 $94,000 $25,625 $68,375
2024 $2,684 $79,175 $25,625 $53,550
2023 $4,823 $79,175 $25,625 $53,550
2022 $4,823 $79,175 $25,625 $53,550
2021 $2,732 $79,175 $25,625 $53,550
2020 $5,279 $72,850 $25,625 $47,225
2019 $2,328 $72,850 $25,625 $47,225
2018 $2,328 $72,850 $25,625 $47,225
2017 $2,383 $72,850 $25,625 $47,225
2016 $2,497 $57,150 $0 $0
2014 $2,497 $57,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Turner

    Seller's Agent in 2020

    Alex Turner

    Hobson, REALTORS

    (901) 628-4114

    23 in this area

    109 Total Sales

    Alex Turner
    Section Image
  • Sam Jordan

    Buyer's Agent in 2020

    Sam Jordan

    Crye-Leike, Inc., REALTORS

    (901) 870-1169

    51 Total Sales

    Sam Jordan
    Section Image
  • Melody Bourell

    Seller's Agent in 2016

    Melody Bourell

    Marx-Bensdorf, REALTORS

    (901) 461-4016

    24 in this area

    253 Total Sales

    Melody Bourell
    Section Image

  • A

    Buyer's Agent in 2016

    Andra Huggins

    C21 Home First, REALTORS

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10079970

Memphis Area Association of REALTORS®

APN: 05-5025-0-0027

Tennessee Shelby County Memphis 38117 East Memphis

350 Wallace Rd, Memphis, TN

Not Listed for Sale

Detached

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.

Memphis Area Association of REALTORS® Listing content and images Copyright 2025 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Nearby Homes