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2516 Wellons Avenue

2516 Wellons Avenue, Memphis, TN 38127
Property in Rangeline
Sold Jun 05, 1998
$57,000
$47,840 by City Of Memphis
Mortgage
2516 Wellons Avenue in Memphis, TN was first built in 1998 and is 26 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2516 Wellons Avenue has 1,206 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 7,971 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2516 Wellons Avenue was last sold in Jun 2, 1998 for $57,000. According to our calculations, that's $47.26 per sqft. Current property owners are expected to pay $1,167 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 2516 Wellons Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $19,150. To break that down further, the land itself was valued at $2,025. While improvements to the property were assessed at a total of $17,125. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,971
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,206
  • Gross Building Area: 1,206
  • Building Area: 1,206
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,206
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ST ELMO 7THA ADDN REV SEC B
  • Land Acres: 0.183
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS WELLONS AVE

Ownership

  • Current Owner : SANDERS CATHERINE
  • Previous Owner : BRIGHT FUTURE HOMES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010001

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 50-50
  • District: O
  • Parcel: 07-1048-H0-0171
  • Municipality: MEMPHIS
  • Latitude: 35.2372
  • Longitude: -89.9798

    Address

  • Full Address: 2516 Wellons Ave
  • Address - House Number: 2516
  • Address - Street Name: Wellons
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C099
  • 4-Digit Zip Code: 3653
  • Zip Code: 38127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,167
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 110,266
  • High Value: 137,693
  • Low Value: 82,839

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $47,840
  • First Open Lien Mortgage Lender: CITY OF MEMPHIS
  • First Open Lien Mortgage Recording Date: Jun 05, 1998
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $47,840
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $76,600
  • Market Land Value: $8,100
  • Market Improvement Value: $68,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,150
  • Assessed Land Value: $2,025
  • Assessed Improvements Value: $17,125

    Sales

  • Current Sale Contract Date: Jun 02, 1998
  • Current Sale Recording Date: Jun 05, 1998
  • Current Sale Transaction ID: 1176491481
  • Current Sale Price: $57,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: HL-5275

    Last Sale Mortgage

  • First Mortgage Lender: CITY OF MEMPHIS
  • First Mortgage Transaction Date: Jun 05, 1998
  • First Mortgage Loan Amount: $47,840

    Financing

  • First Mortgage Financing Type: Unknown

About Frayser - Raleigh PD



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2516 Wellons Avenue located in?
The 2516 Wellons Avenue is a located in the neighborhood of Rangeline in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 2516 Wellons Avenue?
The average sales price for units in 2516 Wellons Avenue is $0 currently.

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