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1554 Jay Cove

1554 Jay Cove, Memphis, TN 38127
Sold Jun 09, 2020
$80,000
$73,551 by Southwest Funding Lp
Mortgage Due Jul 01, 2050
Sold May 02, 2019
$25,000
Local assessors in Memphis, TN have categorized 1554 Jay Cove as a residential type of property. The home was built in 1953 and is 71 years old. It was most recently renovated and altered in 1986. The property's lot size has been calculated to be 15,558 square feet. The linear feet between the front and back of the lot was measured at 1,800 ft and the front of the lot was measured at 840 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. 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 1554 Jay Cove has a total of 1,767 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 240 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front 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 - D. The building has a hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 1554 Jay Cove sold most recently in Jun 5, 2020 for a total of $80,000. If you work out the math, that's approximately a cost of $45.27 per sqft. Before that, the property was also sold for $25,000 in Apr 30, 2019. 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 $1,139 in taxes each year. The initial year of tax delinquency occurred in 2019. 1554 Jay Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $18,700. If we break it down further, the land itself was valued at $1,650. Improvements to the property, however, were assessed at a total of $17,050. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1953
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 15,558
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 840
  • Total Building Area: 1,767
  • Gross Building Area: 1,767
  • Building Area: 1,767
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,767
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALTA VISTA 3RD ADDN
  • Land Acres: 0.357
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS JAY CV

Ownership

  • Current Owner : MARTIN QUINCEY
  • Previous Owner : WORLDWIDE PROPERTY HUB LLC
  • Owner Before Previous Owner: AMERICAN ESTATE AND TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010120

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 07-0037-0-0027
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.204
  • Longitude: -90.0121

    Address

  • Full Address: 1554 Jay Cv
  • Address - House Number: 1554
  • Address - Street Name: Jay
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C037
  • 4-Digit Zip Code: 7908
  • Zip Code: 38127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,139
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 57,209
  • High Value: 83,228
  • Low Value: 31,189

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $73,551
  • First Open Lien Mortgage Lender: SOUTHWEST FUNDING LP
  • First Open Lien Mortgage Recording Date: Jun 09, 2020
  • First Open Lien Mortgage Loan Amount: $73,551
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $74,800
  • Market Land Value: $6,600
  • Market Improvement Value: $68,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,700
  • Assessed Land Value: $1,650
  • Assessed Improvements Value: $17,050

    Sales

  • Current Sale Contract Date: Jun 05, 2020
  • Current Sale Recording Date: Jun 09, 2020
  • Current Sale Transaction ID: 11767315385
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20058235
  • Previous Sale Recording Date: May 02, 2019
  • Previous Sale Contract Date: Apr 30, 2019
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHWEST FUNDING LP
  • First Mortgage Transaction Date: Jun 09, 2020
  • First Mortgage Loan Amount: $73,551
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2050

About Frayser - Raleigh PD



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Frequently Asked Questions

What neighborhood is 1554 Jay Cove located in?
The 1554 Jay Cove is a house located in the neighborhood of Alta Vista Stage in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 1554 Jay Cove?
The average sales price for units in 1554 Jay Cove is $0 currently.

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