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1561 Cedar Farms Cove

1561 Cedar Farms Cove, Cordova, TN 38016
House in Shelby
Sold Jun 23, 2020
$255,000
$229,500 by Community Mortgage Corp
Mortgage Due Jul 01, 2050
Sold Mar 05, 2019
$225,000
$220,924 by Cogent Bank
Mortgage Due Mar 01, 2049
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1561 Cedar Farms Cove in Cordova, TN was first built in 1989 and is 35 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1561 Cedar Farms Cove has 3,048 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 700 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 21,500 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 462 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 D. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central 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, 1561 Cedar Farms Cove was last sold in Jun 22, 2020 for $255,000. According to our calculations, that's $72.65 per sqft. Prior to that sales transaction, the property was sold for $225,000 in Feb 28, 2019. Current property owners are expected to pay $3,955 in taxes per year. The property on 1561 Cedar Farms Cove was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $64,925. To break that down further, the land itself was valued at $12,650. While improvements to the property were assessed at a total of $52,275. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Parking

Garage Parking Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 700
  • Total Building Area: 3,510
  • Gross Building Area: 3,510
  • Building Area: 3,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,048
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERWOOD FARMS PHASE 2
  • Land Acres: 0.494
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS CEDAR FARMS CV WS CEDAR FARMS CV

Ownership

  • Current Owner : GALUSHA HEATHER A
  • Previous Owner : GISH WILLIAM
  • Owner Before Previous Owner: HULL BOBBIE H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021136

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 106-33
  • District: O
  • Parcel: 09-6502-A0-0091
  • Lot: 91
  • Municipality: MEMPHIS
  • Latitude: 35.1683
  • Longitude: -89.7724

    Address

  • Full Address: 1561 Cedar Farms Cv
  • Address - House Number: 1561
  • Address - Street Name: Cedar Farms
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Cordova
  • Carrier Code: R017
  • 4-Digit Zip Code: 6143
  • Zip Code: 38016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,955

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 360,431
  • High Value: 436,849
  • Low Value: 284,012

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $229,500
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 23, 2020
  • First Open Lien Mortgage Loan Amount: $229,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050

    Market Valuation

  • Market Total Value: $259,700
  • Market Land Value: $50,600
  • Market Improvement Value: $209,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,925
  • Assessed Land Value: $12,650
  • Assessed Improvements Value: $52,275

    Sales

  • Current Sale Contract Date: Jun 22, 2020
  • Current Sale Recording Date: Jun 23, 2020
  • Current Sale Transaction ID: 11769342957
  • Current Sale Price: $255,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20064173
  • Previous Sale Recording Date: Mar 05, 2019
  • Previous Sale Contract Date: Feb 28, 2019
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 23, 2020
  • First Mortgage Loan Amount: $229,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: COGENT BANK
  • Previous Mortgage Transaction Date: Mar 05, 2019
  • Previous Mortgage Loan Amount: $220,924
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2049

About Memphis



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Frequently Asked Questions

What neighborhood is 1561 Cedar Farms Cove located in?
The 1561 Cedar Farms Cove is a house located in the neighborhood of Shelby in Memphis, Cordova.
What is the average sales price for listings in 1561 Cedar Farms Cove?
The average sales price for units in 1561 Cedar Farms Cove is $0 currently.

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