See Home Value
Memphis 38117
350 WALLACE
$365,660*
House - Off Market

350 WALLACE

Memphis, TN 38117
bedrooms
3 Beds
bathrooms
2 Baths
$292,000 - $356,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Aug 27, 2020
$337,000
$178,000 by Home Point Financial Corporati
Mortgage Due Sep 01, 2035
Sold Feb 09, 2016
$265,800
$265,000 by Mortgage Investors Group Inc
Mortgage Due Mar 01, 2046

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
House
Property Taxes
$5,278
HOA Dues
-
Year Built
1954

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 27, 2020 Sold to Jennifer Parker $337,000
Sold to Jennifer Parker
Jul 11, 2020 In contract -
In contract
Jul 4, 2020 Listed $324,900
Listed

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 20,055
  • Lot Size Depth Feet: 1,910
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,133
  • Gross Building Area: 2,329
  • Building Area: 1,671
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,671
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA PARK
  • Land Acres: 0.46
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PARKER JENNIFER
  • Previous Owner : MCLEOD MATTHEW A
  • Previous Owner 2: MCLEOD LIZABETH C
  • Owner Before Previous Owner: ANHURE INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008600

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-5025-0-0027
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1413
  • Longitude: -89.924

    Address

  • Full Address: 350 Wallace Rd
  • Address - House Number: 350
  • Address - Street Name: Wallace
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C016
  • 4-Digit Zip Code: 1530
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,823
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2327
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 405,851
  • High Value: 500,302
  • Low Value: 311,400

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $178,000
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Aug 27, 2020
  • First Open Lien Mortgage Loan Amount: $178,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2035

    Market Valuation

  • Market Total Value: $316,700
  • Market Land Value: $102,500
  • Market Improvement Value: $214,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,175
  • Assessed Land Value: $25,625
  • Assessed Improvements Value: $53,550

    Sales

  • Current Sale Contract Date: Aug 26, 2020
  • Current Sale Recording Date: Aug 27, 2020
  • Current Sale Transaction ID: 11783972472
  • Current Sale Price: $337,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20091427
  • Previous Sale Recording Date: Feb 09, 2016
  • Previous Sale Contract Date: Jan 02, 2016
  • Previous Sale Amount: $265,800
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: Aug 27, 2020
  • First Mortgage Loan Amount: $178,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • Previous Mortgage Transaction Date: Feb 09, 2016
  • Previous Mortgage Loan Amount: $265,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Mar 01, 2046



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
House
3 Beds
2 Baths
-
$325,000 Apr 2, 2024
-
$407/mo
House
3 Beds
1.5 Baths
-
$360,000 Apr 5, 2024
-
$326/mo
House
2 Beds
2.5 Baths
-
$350,000 Apr 10, 2024
-
$367/mo

About Memphis


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Frequently Asked Questions

When was property at 350 Wallace Road built and last sold?
The property at 350 Wallace Road was built in 1954 and last sold on Aug 26, 2020 for $337,000.
How much is this home worth?
The estimated value of the home located at 350 Wallace Road is $328,149.
What are some comparable homes to 350 Wallace Road?
There are currently no comparable homes to 350 Wallace Road.

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