29 days on rocket

1025 S Wellington St, Memphis, TN, 38126

$372,500

Home List Price

$4,423*

Closing Credit

0 Baths
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1025 S Wellington St, Memphis$372,500

Buyer Closing Credits

$4,423*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingGravel
Year Built1968
HeatingWall Furnace
CoolingWall/Window Unit(s)
BasementYes
MLS #10183421
StatusActive

About 1025 S Wellington St

DO NOT DISTURB TENANTS--Centrally located near Downtown Memphis, LeMoyne-Owen College, and the Stax Museum, this 5-Unit Garden apartment is sure to impress. New iron stairs on both ends were replaced March 2024. New roof, plumbing, electrical, and mechanical work completed January 2022. Currently 100% occupied. Annual scheduled rents of $38,820, with potential of $42,000 annual rents. Investors only, please call for more information!

Property Details

Property Features

Property Information:

  • Year Built: 1968

Listing Office:

  • Office Name: Sowell, Realtors

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood Laminate Floors

Exterior Features

Parking Information:

  • Parking: Gravel

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From Downtown Memphis, head South on Danny Thomas Blvd to Crump Ave. Proceed South, and Danny Thomas turns into S. Wellington St. Property is located on the right (West) side past Walker Ave heading South.

Price Information

Listing Price Info

Price Summary:

  • List Price: $372,500

Tax Information:

  • Annual Amount: $1,468
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Map thumbnail provided by MapBox

Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

1025 S Wellington St vs Memphis

29 DAYS ON ROCKET

$372,500

+$182K More

KEY TAKEAWAY

This property is $182K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10183421

Listing Office:

  • Office Name: Sowell, Realtors

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 09, 2019Home Sold
$125,000
Oct 07, 2019Home Sold
$100,000
Dec 26, 2018Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,468$20,280
2020$1,376$19,000
2019$1,376$19,000
2018$781$19,000
2017$788$19,000

History based on county public records data.

Payment Calculator

$1,927

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,183

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-369780
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 0.66 miles

  • Public District Grades PK-5

school-card-donut-369781
3
/10

  • Memphis Delta Preparatory

  • 1237 College St

  • 1.04 miles

  • Public Charter Grades KG-5

school-card-donut-369782
5
/10

  • Circles of Success Learning Academy

  • 867 S Parkway E

  • 1.13 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,981. Residents of Memphis, TN typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38126›1025 S Wellington St

This home is located at 1025 S Wellington St in Memphis, TN and zip code 38126 in the South Memphis neighborhood. This home was built in 1968. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $372,500.

Over 53 listings were sold over their listed price in October 2024 in Memphis, TN. In the same period over 252 listings were sold below the listed price and 103 listings were sold for the listed price. The number of listings in Memphis, TN increased by 22.4% between September 2024 and October 2024.

From Rocket Homes Real Estate and based on county public records data.

More Resources