NOT LISTED FOR SALE

40 W Mckellar Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $58,509 - $95,000

2 Beds
1 Bath
1,350 Sq Ft
$52/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2020

Last sale price $23,500 $17 Per Sq Ft

Est. 207% increase in value since last sale

Current estimated payment $428 / mo

25 Days on Market

Highlights

  • Traditional Architecture
  • Brick Veneer
  • 1-Story Property
  • Porch
  • Combination Dining and Living Room

About This Home

As of September 2020

Buy this great low dollar brick duplex as an investment for future income or repair, rent one side and live in the other side virtually free. Use FHA 203K OR conventional re -hab to customize repairs to fit your family's needs. Neighborhood is near parks, stores, churches, and public transportation.

Last Agent to Sell the Property

Carol Tate

Tate Realty and Construction License #56037 Listed on: 08/10/2020

Last Buyer's Agent

Carol Tate

Tate Realty and Construction License #56037 Listed on: 08/10/2020

Range of Values:

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

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,227 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Outdoor Features

  • Porch

Community Details

  • West Side Blk 23 Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, trash collection
  • Assessor Parcel Number 050038 00025

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 42
  • MAAR Subdivision Name: WEST SIDE BLK 23
  • List Price Per Sq Ft: 19
  • Number Of Stories: 1
  • Estimated Sq Ft: 1350
  • Year Built: 1964
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Miscellaneous Interior: Unknown

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 19andPT 18
  • Acreage: 0.12
  • Lot Size: 0.12

Rental Info

  • Tenants Pay: All Utilities, Trash Collection

Tax Info

  • Assessor Parcel Number: 050038 00025

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

Listed on
Aug 10, 2020
Closed on
Sep 16, 2020
Sold by
Fannie Mae
Bought by
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Carol Tate
Tate Realty and Construction
List Price
$25,900
Sold Price
$23,500
Premium/Discount to List
-$2,400
-9.27%
Current Estimated Value
$72,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,712
Avg. Annual Appreciation
19.95%

Purchase Details

Closed on
Jul 2, 2020
Sold by
Bishop Walterine
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 3, 2007
Sold by
Harper Antionette
Bought by
Bishop Walterine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Memphis, TN

  • Frances Anderson Real Estate Agent - Crye-Leike, Inc., REALTORS

    Frances Anderson

    Crye-Leike, Inc., REALTORS

    (901) 979-5033

    136 Total Sales

    4 in South Memphis

    $25K - $60K Price Range

    Frances Anderson
     Section Image
  • Skip Miller Real Estate Agent - Morris Realty & Auction, LLC

    Skip Miller

    Morris Realty & Auction, LLC

    (901) 441-9006

    30 Total Sales

    1 in South Memphis

    $67,100 Price

    Skip Miller
     Section Image
  • Tara Woodley Real Estate Agent - Zach Taylor Real Estate

    Tara Woodley

    Zach Taylor Real Estate

    (901) 437-5536

    82 Total Sales

    10 in South Memphis

    $4K - $325K Price Range

    Tara Woodley
     Section Image
  • Charlene Bailey Real Estate Agent - Bespoke Realty

    Charlene Bailey

    Bespoke Realty

    (901) 519-2640

    69 Total Sales

    3 in South Memphis

    $185K - $215K Price Range

    Charlene Bailey
     Section Image
  • Rasheedah Jones Real Estate Agent - Dreamteam Realty Co

    Rasheedah Jones

    Responds Quickly

    Dreamteam Realty Co

    (901) 509-9429

    39 Total Sales

    4 in South Memphis

    $22K - $78K Price Range

    Rasheedah Jones
     Section Image
  • Pablo Pereyra Real Estate Agent - 901, REALTORS

    Pablo Pereyra

    901, REALTORS

    (901) 979-6330

    122 Total Sales

    2 in South Memphis

    $94,000 Price Range

    Pablo Pereyra
     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
$23,500 None Available
Federal National Mortgage Association -- None Available
Bishop Walterine $46,400 None Available
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
Previous Owner $46,400
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
09/18/2020 09/18/20 Sold $23,500 -9.3% $17 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $25,900 -- $19 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $355 $13,200 $2,000 $11,200
2024 $285 $8,400 $1,600 $6,800
2023 $512 $8,400 $1,600 $6,800
2022 $512 $8,400 $1,600 $6,800
2021 $518 $8,400 $1,600 $6,800
2020 $567 $7,825 $1,000 $6,825
2019 $250 $7,825 $1,000 $6,825
2018 $250 $7,825 $1,000 $6,825
2017 $256 $7,825 $1,000 $6,825
2016 $352 $8,050 $0 $0
2014 $352 $8,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • CT

    Seller's Agent in 2020

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    1 in this area

    25 Total Sales

    Carol Tate
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10082513

Memphis Area Association of REALTORS®

APN: 05-0038-0-0025

Tennessee Shelby County Memphis 38109 South Memphis

40 W Mckellar Ave, Memphis, TN

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Memphis Area Association of REALTORS® Listing content and images Copyright 2026 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.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

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