NOT LISTED FOR SALE

350 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $348,000 - $397,000

3 Beds
2 Baths
1,671 Sq Ft
$220/Sq Ft Est. Value

Sale Details

Date Sold: August 26, 2020

Last sale price $337,000 $202 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,237 / mo

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Circular Driveway
  • White Station High Rated A
  • No HOA
  • Central Heating and Cooling System

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.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,278

Year Built

  • Built in 1954

Lot Details

  • 20,038 Sq Ft Lot
  • Lot Dimensions are 105x191
  • Irrigation

Parking

  • 2 Car Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,671 Sq Ft Home
  • Property has 3 Levels
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Magnolia Park Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 055025 00027

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,278

Year Built

Built in 1954

Lot Details

0.46 Acres

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1954
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Pantry
  • Fireplace: No
  • Flooring: Wood
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Building Area Units: Square Feet
  • Living Area: 1671
  • Living Area Units: Square Feet
  • Other Equipment: Irrigation System

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Garage Faces Side, Circular Driveway
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.46
  • Lot Size: 105X191
  • Lot Size Units: Acres
  • Parcel #: 055025 00027
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 5278
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2020
Closed on
Aug 26, 2020
Sold by
Mcleod Matthew A and Mcleod Lizabeth C
Bought by
Parker Jennifer
List Price
$325,000
Sold Price
$337,000
Premium/Discount to List
$12,000
3.69%
Current Estimated Value
$373,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,704
Avg. Annual Appreciation
1.57%
Original Mortgage
$178,000
Outstanding Balance
$127,023
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$240,720

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
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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
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% $202 / Sq Ft
07/19/2020 07/19/20 For Sale $325,000 +22.3% $194 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
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: Realtracs

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

  • Melody Bourell

    Seller's Agent in 2016

    Melody Bourell

    Marx-Bensdorf, REALTORS

    (901) 461-4016

    24 in this area

    257 Total Sales

    Melody Bourell
    Section Image

  • A

    Buyer's Agent in 2016

    Andra Huggins

    C21 Home First, REALTORS

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Map

Source: Realtracs

MLS Number: 3161554

Realtracs

APN: 05-5025-0-0027

Tennessee Shelby County Memphis 38117 East Memphis

350 Wallace Rd, Memphis, TN

Not Listed for Sale

Detached

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Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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