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118 David Cove

118 David Cove, Drummonds, TN 38023
Property in Reed
Sold Nov 02, 2015
$179,000
$175,757 by Bancorp Bank
Mortgage Due Oct 30, 2045
Sold Aug 09, 2007
$175,000
Seller
118 David Cove in Drummonds, TN was first built in 1981 and is 43 years old. Although, the building on the property was most recently renovated and altered in 1995. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 118 David Cove has 2,075 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 1,840 ft and the linear feet between the front and back of the lot is 2,400. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of paneling. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 118 David Cove was last sold in Oct 30, 2015 for $179,000. According to our calculations, that's $86.27 per sqft. Prior to that sales transaction, the property was sold for $175,000 in Jan 1, 1970. Current property owners are expected to pay $814 in taxes per year. The property on 118 David Cove was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $56,275. To break that down further, the land itself was valued at $9,375. While improvements to the property were assessed at a total of $46,900. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1981
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,400
  • Lot Size Frontage Feet: 1,840
  • Total Building Area: 2,075
  • Building Area: 2,075
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,075
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: REED
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 06, COUNTY AREA: S42

Ownership

  • Current Owner : PHELPS SHAWN C
  • Previous Owner : YANCY WILLIAM F
  • Owner Before Previous Owner: TONY REED
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tipton County School District
  • Census Tract: 040303

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 145D
  • District: 06
  • Parcel: 084145D C 00500
  • Block: C
  • Lot: 48
  • Latitude: 35.4026
  • Longitude: -89.8602

    Address

  • Full Address: 118 David Cv
  • Address - House Number: 118
  • Address - Street Name: David
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Drummonds
  • Carrier Code: R003
  • 4-Digit Zip Code: 7626
  • Zip Code: 38023

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $814
  • Tax Rate Code Area: 84A00

    Appraisal Valuation

  • Standard Deviation: 0.2484
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 299,651
  • High Value: 374,094
  • Low Value: 225,209

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,757
  • First Open Lien Mortgage Lender: BANCORP BANK
  • First Open Lien Mortgage Recording Date: Nov 02, 2015
  • First Open Lien Mortgage Loan Amount: $175,757
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 30, 2045

    Market Valuation

  • Market Total Value: $225,100
  • Market Land Value: $37,500
  • Market Improvement Value: $187,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,275
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $46,900

    Sales

  • Current Sale Contract Date: Oct 30, 2015
  • Current Sale Recording Date: Nov 02, 2015
  • Current Sale Transaction ID: 1363220131
  • Current Sale Price: $179,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 189975
  • Previous Sale Recording Date: Aug 09, 2007
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORP BANK
  • First Mortgage Transaction Date: Nov 02, 2015
  • First Mortgage Loan Amount: $175,757
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 30, 2045

About Reed



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Frequently Asked Questions

What neighborhood is 118 David Cove located in?
The 118 David Cove is a located in the neighborhood of Reed in Reed, Drummonds.
What is the average sales price for listings in 118 David Cove?
The average sales price for units in 118 David Cove is $0 currently.

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