See Home Value
$97,393*
House - Off Market

588 WELLS AVE

Memphis, TN 38107
bedrooms
3 Beds
bathrooms
1 Bath
$70,000 - $80,000
Reference Base Price*
29.86%
Since Feb 1, 2021
National-US
Primary Model
Sold Oct 04, 2006
$45,000
$45,000 by Citimortgage Inc
Mortgage Due Oct 01, 2036

About This Property

For more information, contact Elbert Carr at . Visit http://www.crye-leike.com/memphis/10081539 to view more pictures of this property. Nice home  for Owner occupant or investor. Updated. Move in ready. Your clients will love this  Home!  Well maintained home w/quality finishes throughout.  Currently rented  but can be shown just call owner @. Do not disturb tenants  without an appointment, please!     Price  Reduced .
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Jan 2, 2021 No longer available -
No longer available
Oct 31, 2020 Price Decreased $75,000
↓ $10K (11.8%)
Price Decreased
Jul 27, 2020 Listed $85,000
Listed
Oct 4, 2006 Sold to Bonita Hill $45,000
Sold to Bonita Hill

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Bungalow
  • Exterior Walls Type: Asbestos shingle
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,550
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,350
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEAKLEY
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS WELLS 275 FT W OF THOMAS

Ownership

  • Current Owner : HILL BONITA
  • Previous Owner : GIBSON RACHEL R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 000100

Zoning

  • Zoning: MDR

Geography

  • District: O
  • Parcel: 03-9006-0-0013
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.1712
  • Longitude: -90.0372

    Address

  • Full Address: 588 Wells Ave
  • Address - House Number: 588
  • Address - Street Name: Wells
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C014
  • 4-Digit Zip Code: 3833
  • Zip Code: 38107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $382

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 382,632
  • High Value: 556,656
  • Low Value: 208,607

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $45,000
  • First Open Lien Mortgage Lender: CITIMORTGAGE INC
  • First Open Lien Mortgage Recording Date: Oct 04, 2006
  • First Open Lien Mortgage Loan Amount: $45,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2036

    Market Valuation

  • Market Total Value: $25,100
  • Market Land Value: $2,300
  • Market Improvement Value: $22,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,275
  • Assessed Land Value: $575
  • Assessed Improvements Value: $5,700

    Sales

  • Current Sale Contract Date: Sep 07, 2006
  • Current Sale Recording Date: Oct 04, 2006
  • Current Sale Transaction ID: 1176780980
  • Current Sale Price: $45,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 06163420

    Last Sale Mortgage

  • First Mortgage Lender: CITIMORTGAGE INC
  • First Mortgage Transaction Date: Oct 04, 2006
  • First Mortgage Loan Amount: $45,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 01, 2036



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
-
$78,900 Nov 8, 2022
-
-

About North Memphis


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Frequently Asked Questions

When was property at 588 Wells Avenue built and last sold?
The property at 588 Wells Avenue was built in 1920 and last sold on Sep 7, 2006 for $45,000.
How much is this home worth?
The estimated value of the home located at 588 Wells Avenue is $75,750.
What are some comparable homes to 588 Wells Avenue?
There are currently no comparable homes to 588 Wells Avenue.

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