NOT LISTED FOR SALE

5053 Welchshire Ave Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $327,000 - $349,000

3 Beds
2 Baths
1,800-1,999 Sq Ft
$170/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $355,000 $178 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,108/month

96 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Storm Windows
  • Landscaped Professionally
  • 1 Fireplace
  • Patio

About This Home

As of August 2024

Discover the perfect blend of location, style, and value with this exceptional home located in the coveted Colonial Acres neighborhood in the heart of East Memphis. Within walking distance to many of the fantastic neighborhood retail shops, restaurants, gyms, grocery stores and more, this home offers a truly remarkable living experience that combines the allure of this highly desirable location with modern updates in pristine condition.

Last Agent to Sell the Property

Phil Hopewell

Results MLS REALTORS License #353262 Listed on: 05/01/2024

Last Buyer's Agent

Alicia Harm

eXp Realty, LLC License #362810

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 68x130
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped Professionally
  • Level Lot
  • Few Trees

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,843 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Storm Windows

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Carport
  • Driveway
  • On-Street Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System

Community Details

  • Park Manor 1St Addn Rev Subdivision

Listing and Financial Details

  • Assessor Parcel Number 067007 00008

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch
  • Detached Unit Type: General Residential
  • MLS Map #: 759B
  • MAAR Subdivision Name: COLONIAL ACRES
  • Number Of Stories: 1
  • Price Per Sq Ft: 192.62
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1843
  • Year Built: 1960
  • List Price/ Sq Ft: 212
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 2
  • Living Dining Kitchen: LR/DR Combination
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Pool Cleaning Equipment, Storage Building, Patio, Well Landscaped Grounds, Wood Fence, Sidewalks, Iron Fence
  • Exterior Windows: Storm Window(s)
  • Pool Description: In Ground

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Driveway/Pad, On-Street Parking

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level, Professionally Landscaped, Wood Fenced
  • Lot Number: 21
  • Acreage: 0.2
  • Lot Size: 68X130
  • Price Per Acre: 1950000
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 067007 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Aug 23, 2024
Sold by
Balducci Timothy R and Balducci Amy G
Bought by
Graves Stuart Ryan
Seller's Agent
Phil Hopewell
Results MLS REALTORS
Buyer's Agent
Alicia Harm
eXp Realty, LLC
List Price
$424,900
Sold Price
$355,000
Premium/Discount to List
-$69,900
-16.45%
Views
62
Current Estimated Value
$340,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,837
Avg. Annual Appreciation
-3.88%
Original Mortgage
$337,250
Outstanding Balance
$333,360
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$6,803

Purchase Details

Closed on
Mar 29, 2017
Sold by
Crawford Larry and Kelly James B
Bought by
Balducci Timothy R and Balducci Amy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2016
Sold by
Metz Margret L
Bought by
Kelly James B and Crawford Larry

Purchase Details

Closed on
Jun 3, 2005
Sold by
Neal Anna B
Bought by
Metz Margaret L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
5.69%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Graves Stuart Ryan $355,000 Titan Title Company
Balducci Timothy R $210,000 Tri State Title Llc
Kelly James B $80,000 Chicago Title
Metz Margaret L $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graves Stuart Ryan $337,250
Previous Owner Balducci Timothy R $199,500
Previous Owner Metz Margaret L $101,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2024 08/29/24 Sold $355,000 -9.0% $197 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
07/23/2024 07/23/24 Price Changed $390,000 -2.3% $217 / Sq Ft
06/25/2024 06/25/24 Price Changed $399,000 -2.4% $222 / Sq Ft
05/21/2024 05/21/24 Price Changed $409,000 -3.7% $227 / Sq Ft
05/01/2024 05/01/24 For Sale $424,900 -- $236 / 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 -- $87,600 $11,250 $76,350
2024 -- $78,775 $7,050 $71,725
2023 $3,716 $61,000 $7,050 $53,950
2022 $3,716 $61,000 $7,050 $53,950
2021 $3,759 $61,000 $7,050 $53,950
2020 $3,670 $50,650 $7,050 $43,600
2019 $3,670 $50,650 $7,050 $43,600
2018 $3,670 $50,650 $7,050 $43,600
2017 $1,378 $33,525 $7,050 $26,475
2016 $1,338 $30,625 $0 $0
2014 $1,338 $30,625 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Phil Hopewell

    Seller's Agent in 2024

    Phil Hopewell

    Results MLS REALTORS

    (615) 488-2094

    1 in this area

    137 Total Sales

    Phil Hopewell
    Section Image

  • A

    Buyer's Agent in 2024

    Alicia Harm

    eXp Realty, LLC

    (901) 860-3750

    3 in this area

    45 Total Sales

    Alicia Harm
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10171351

Memphis Area Association of REALTORS®

APN: 06-7007-0-0008

Tennessee Shelby County Memphis 38117 Colonial Acres

5053 Welchshire Ave, Memphis, TN

This home is located at 5053 Welchshire Ave, Memphis, TN 38117 since 01 May 2024 and is currently estimated at $340,163, approximately $170 per square foot. This property was built in 1960. 5053 Welchshire Ave is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

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