Sold for $118,000

$118,000

4447 Sumners Wells Rd, Memphis, TN 38118

4beds

1,732sqft

Duplex

Built in 1973

-- sqft lot

$116,200 Zestimate^®

$68/sqft

$1,013 Estimated rent

Home value

$116,200

$108,000 - $125,000

$1,013/mo

Zestimate^® history

Owner options

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$1,013/mo

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$1,013/mo

Rent Zestimate^®

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$593/mo

Est. payment

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$593/mo

Est. payment

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What's special

This is a hot investment street, with a ton of potential tenants and increasing rents/values as the neighborhood is being turnkeyed. The neighborhood is close to the airport and several distribution centers with a strong need for workforce housing. Currently, these are rented for $1575 combined, with 4447 rented for $875 until 6/30/25 & 4449 for $700 until 1/31/2025. Fixed up, both units should rent in the $900 range, allowing for some great long-term income and an awesome reason to add it to your portfolio! Buyer to verify all facts; no showings until accepted offer. Do not disturb tenants. No assignable/wholesaler offers will be accepted. No seller-financing, so do not ask or offer; it will be rejected. Seller is selling all in Memphis market to invest in local market.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Appliances

Included: Gas Water Heater

Features

Step-Saver Kitchen
Windows: Aluminum Frames
Has fireplace: No

Interior area

Total interior livable area: 1,732 sqft

Property

Parking

Parking features: Driveway/Pad
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 6,050 Square Feet
Dimensions: 55 x 110
Features: Some Trees, Level

Details

Parcel number: 073110 00007

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Duplex

Materials

Brick Veneer
Roof: Composition Shingles

Condition

Year built: 1973

Community & HOA

Community

Subdivision: East Whitehaven Park

Location

Region: Memphis

Financial & listing details

Price per square foot: $68/sqft
Tax assessed value: $115,500
Annual tax amount: $1,055
Date on market: 10/4/2024
Cumulative days on market: 133 days
Listing terms: Conventional
Lease term: 12 Months
Total actual rent: 1575
Tenant pays: All Utilities

Price history

Date	Event	Price
3/3/2025	Sold	$118,000-10.9%$68/sqft
Source: MAAR #10182586 Report a problem
2/14/2025	Pending sale	$132,500$77/sqft
Source: MAAR #10182586 Report a problem
2/10/2025	Price change	$132,500-7%$77/sqft
Source: MAAR #10182586 Report a problem
1/15/2025	Price change	$142,500-4.9%$82/sqft
Source: MAAR #10182586 Report a problem
11/22/2024	Price change	$149,900-9.1%$87/sqft
Source: MAAR #10182586 Report a problem
10/4/2024	Listed for sale	$164,900+266.4%$95/sqft
Source: MAAR #10182586 Report a problem
6/8/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/21/2024	Listed for rent	$875+52.2%$1/sqft
Source: Zillow Rentals Report a problem
1/30/2020	Listing removed	$575
Source: PMI of Memphis Report a problem
1/24/2020	Price change	$575-4.2%
Source: PMI of Memphis Report a problem
11/25/2019	Listed for rent	$600
Source: Zillow Rental Network Report a problem
9/19/2019	Sold	$45,000+7.1%$26/sqft
Source: MAAR #10053142 Report a problem
2/14/2019	Listing removed	$42,000$24/sqft
Source: Crye-Leike Commercial #10035512 Report a problem
1/22/2019	Price change	$42,000-13.4%$24/sqft
Source: Crye-Leike Commercial #10035512 Report a problem
12/21/2018	Price change	$48,500-11.8%$28/sqft
Source: Crye-Leike Commercial #10035512 Report a problem
11/28/2018	Price change	$55,000-8.2%$32/sqft
Source: Owner Report a problem
10/9/2018	Price change	$59,900-8.5%$35/sqft
Source: Owner Report a problem
9/22/2018	Listed for sale	$65,500+63.7%$38/sqft
Source: Owner Report a problem
5/16/2017	Sold	$40,000-17.5%$23/sqft
Source: MAAR #9996063 Report a problem
8/17/2013	Listing removed	$48,500$28/sqft
Source: Crye-Leike #3271878 Report a problem
5/20/2013	Listed for sale	$48,500$28/sqft
Source: Crye-Leike #3271878 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,435 +113.5%	$46,200 +166.7%
2024	$1,141 +8.1%	$17,320
2023	$1,055	$17,320
2022	--	$17,320
2021	--	$17,320 +5.1%
2020	$527	$16,480
2019	$527 -21.1%	$16,480
2018	$667 -45.1%	$16,480
2017	$1,216 +135.4%	$16,480 +8.4%
2016	$517 -32.5%	$15,200
2014	$765	$15,200 -16.5%
2013	--	$18,200 -24.2%
2012	--	$24,000
2011	--	$24,000
2010	--	$24,000
2009	--	$24,000
2008	--	$24,000
2007	--	$24,000
2006	--	$24,000
2005	--	$24,000 +9.1%
2004	--	$22,000
2003	--	$22,000
2002	--	$22,000 -18.4%
2001	--	$26,960 +57.8%
2000	--	$17,080