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12 Fairfax Cove

12 Fairfax Cove, Jackson, TN 38305
Property in Madison
Sold Mar 13, 2020
$89,000
$87,387 by First Community Mortgage Inc
Mortgage Due Apr 01, 2050
Sold Jan 01, 1985
$53,500
Local assessors in Jackson, TN have categorized 12 Fairfax Cove as a residential type of property. The home was built in 1978 and is 46 years old. It was most recently renovated and altered in 1998. The property's lot size has been calculated to be 43,560 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 850 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12 Fairfax Cove has a total of 1,368 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of paneling. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12 Fairfax Cove sold most recently in Mar 13, 2020 for a total of $89,000. If you work out the math, that's approximately a cost of $49.23 per sqft. Before that, the property was also sold for $53,500 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $504 in taxes each year. 12 Fairfax Cove was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $31,275. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $28,775. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • 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: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,808
  • Gross Building Area: 2,008
  • Building Area: 1,368
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,368
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NORTHFIELD ESTATES
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTHFIELD ESTATES PB 3 PG 300 BLK 3 LOT 38 85X130

Ownership

  • Current Owner : DAVIS LAUREN
  • Previous Owner : PHILLIPS SONNY C
  • Previous Owner 2: PHILLIPS FARRIS S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jackson-Madison County School System
  • School Tax School District: 57359
  • Census Tract: 000200

Geography

  • Assessors Map Reference: 055K
  • District: 05
  • Parcel: 055K-B-038.00
  • Block: 3
  • Lot: 38
  • Municipality: JACKSON
  • Latitude: 35.6647
  • Longitude: -88.8419

    Address

  • Full Address: 12 Fairfax Cv
  • Address - House Number: 12
  • Address - Street Name: Fairfax
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Jackson
  • Carrier Code: C005
  • 4-Digit Zip Code: 2205
  • Zip Code: 38305

Valuation

    Tax

  • Total Area: 1,368
  • Tax Year: 2023
  • Tax Amount: $504
  • Tax Rate Code Area: 57A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 421,490
  • High Value: 615,010
  • Low Value: 227,969

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $91,837
  • First Open Lien Mortgage Lender: FIRST COMMUNITY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Mar 13, 2020
  • First Open Lien Mortgage Loan Amount: $87,387
  • 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: Apr 01, 2050
  • Second Open Lien Mortgage Lender: TENNESSEE HOUSING DEVELOPMENT
  • Second Open Lien Mortgage Recording Date: Mar 13, 2020
  • Second Open Lien Mortgage Loan Amount: $4,450
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $125,100
  • Market Land Value: $10,000
  • Market Improvement Value: $115,100

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $31,275
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $28,775

    Sales

  • Current Sale Contract Date: Mar 13, 2020
  • Current Sale Recording Date: Mar 13, 2020
  • Current Sale Transaction ID: 11748345482
  • Current Sale Price: $89,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20003123
  • Previous Sale Recording Date: Jan 01, 1985
  • Previous Sale Amount: $53,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMUNITY MORTGAGE INC
  • First Mortgage Transaction Date: Mar 13, 2020
  • First Mortgage Loan Amount: $87,387
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

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Frequently Asked Questions

What neighborhood is 12 Fairfax Cove located in?
The 12 Fairfax Cove is a located in the neighborhood of Madison in Jackson, Jackson.
What is the average sales price for listings in 12 Fairfax Cove?
The average sales price for units in 12 Fairfax Cove is $0 currently.

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