NOT LISTED FOR SALE

55 Wallace Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $514,007 - $579,000

3 Beds
3 Baths
2,600-2,799 Sq Ft
$198/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $505,000 $180 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,154/month

17 Days on Market

Highlights

  • Updated Kitchen
  • Fireplace in Hearth Room
  • Marble Flooring
  • White Station High Rated A
  • Vaulted Ceiling
  • Traditional Architecture

About This Home

As of May 2021

Beautiful one story recently renovated midcentury modern home in Pidgeon Estates with lots of natural light. The master suite has vaulted ceilings, an abundance of closets and a recently updated bath. The renovated cook's kitchen is spacious and eat in. There is a large family room, a cozy study and an attached double garage. The floorplan is perfect for entertaining with French doors leading from the den, study and master to a central patio area.

Last Agent to Sell the Property

Linda Sowell

Sowell, Realtors License #50660 Listed on: 04/02/2021

Last Buyer's Agent

Lynda Baddour

Ware Jones, REALTORS License #300143

Ware Jones, REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1968

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 108x125
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,744 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Popcorn or blown ceiling
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Fireplace in Hearth Room
  • Fireplace Features Masonry
  • Some Wood Windows
  • Window Treatments
  • Aluminum Window Frames
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Storage Room
  • Keeping Room
  • Pull Down Stairs to Attic

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Outdoor Features

  • Courtyard
  • Patio

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Voluntary home owners association
  • Bauman Saul Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055011 00030

Home Details

Home Type

Single Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Walnut Grove Road
  • MAAR Subdivision Name: PIDGEON ESTATES
  • List Price Per Sq Ft: 178
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2744
  • Termite Contract: Yes
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Keeping/Hearth Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Master Down, Vaulted/Coffered Master, Full Bath Down
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedroom 2 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedroom 3 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, Vented Gas Fireplace, In Keeping/Hearth room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Tile, Slate, Marble/Terrazzo, Smooth Ceiling, Sprayed Ceiling, Vaulted/Coff/Tray Ceiling
  • Full Bathrooms: 3
  • Equipment: Double Oven, Cooktop, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry, Island In Kitchen, Washer/Dryer Connections, Keeping/Hearth Room
  • Primary Bathroom Description: Double Sinks, Separate Shower, Tile Floor
  • Master Bedroom: Level 1, Walk-In Closet, Full Bath, Vaulted/Coffered Ceiling, Hardwood Floor
  • Master Bedroom Dimensions: 13x16
  • Misc Interior: Excl Some Window Treatmnt, Walk-In Closet(s), Pull Down Attic Stairs, Security System, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Entry Hall, Attic, Storage Room

Exterior Features

  • Misc Exterior: Patio, Courtyard, Wood Fence, Sidewalks
  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s), Aluminum Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Storage Room(s), Garage Door Opener(s), Side-Load Garage, On-Street Parking

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Burglar Alarm, Dead Bolt Lock(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Voluntary

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced
  • Lot Number: 3
  • Acreage: 0.3
  • Keeping Hearth Dimension: 13x16
  • Lot Size: 108X125

Tax Info

  • Assessor Parcel Number: 055011 00030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2021
Sold by
Mays Bethany and Mays Owen
Bought by
Edwards Jonathan Lloyd and Edwards Angela D
Current Estimated Value
$553,252

Purchase Details

Listed on
Apr 2, 2021
Closed on
May 17, 2021
Sold by
Owen Bethany Mays and Owen Benjamin
Bought by
Edwards Jonathan Lloyd and Edwards Angela D
Seller's Agent
Linda Sowell
Sowell, Realtors
Buyer's Agent
Lynda Baddour
Ware Jones, REALTORS
List Price
$489,000
Sold Price
$505,000
Premium/Discount to List
$16,000
3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%
Original Mortgage
$404,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2016
Sold by
Mays Diane H
Bought by
Owen Bethany Mays and Mays Will

Purchase Details

Closed on
Oct 16, 1997
Sold by
Gibbons Marjorie E
Bought by
Mays Diane H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Edwards Jonathan Lloyd $505,000 None Available
Edwards Jonathan Lloyd $505,000 None Available
Owen Bethany Mays $316,000 None Available
Mays Diane H $162,900 Security Title Company Inc
Mays Diane H $162,900 Security Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edwards Jonathan Lloyd $404,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $505,000 +3.3% $194 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $489,000 -- $188 / 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 $3,126 $136,400 $23,625 $112,775
2024 $3,126 $92,200 $23,625 $68,575
2023 $5,616 $92,200 $23,625 $68,575
2022 $5,616 $92,200 $23,625 $68,575
2021 $5,682 $92,200 $23,625 $68,575
2020 $5,617 $77,525 $23,625 $53,900
2019 $2,478 $77,525 $23,625 $53,900
2018 $2,478 $77,525 $23,625 $53,900
2017 $2,536 $77,525 $23,625 $53,900
2016 $3,162 $72,350 $0 $0
2014 $3,162 $72,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Sowell

    Seller's Agent in 2021

    Linda Sowell

    Sowell, Realtors

    (901) 277-4380

    34 in this area

    201 Total Sales

    Linda Sowell
    Section Image
  • Lynda Baddour

    Buyer's Agent in 2021

    Lynda Baddour

    Ware Jones, REALTORS

    (901) 481-0843

    33 in this area

    173 Total Sales

    Lynda Baddour
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10096418

Memphis Area Association of REALTORS®

APN: 05-5011-0-0030

Tennessee Shelby County Memphis 38117 East Memphis

55 Wallace Rd, Memphis, TN

Not Listed for Sale

Detached

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