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1622 Wood Farms Drive

1622 Wood Farms Drive, Cordova, TN 38016
House in Shelby
Sold Jul 01, 2021
$325,000
$319,113 by Primelending
Mortgage Due Jul 01, 2051
Sold Jul 16, 2018
$245,000
$245,000 by Primelending
Mortgage Due Aug 01, 2048
1622 Wood Farms Drive has been categorized by the local assessors in Cordova, TN as a residential type of property. The building on the property was first built in 1992 and is 32 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1622 Wood Farms Drive has 3,313 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 16,139 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 462 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery 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, 1622 Wood Farms Drive was last sold in Jun 16, 2021 for $325,000. According to our calculations, that's $86.09 per sqft. Prior to that sales transaction, the property was sold for $245,000 in Jul 13, 2018. Current property owners are expected to pay $4,432 in taxes per year. The property on 1622 Wood Farms Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $72,750. To break that down further, the land itself was valued at $12,650. While improvements to the property were assessed at a total of $60,100. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Stucco
  • 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: 16,139
  • Total Building Area: 3,775
  • Gross Building Area: 3,775
  • Building Area: 3,313
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,313
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERWOOD FARMS PHASE 1 3RD ADDITION
  • Land Acres: 0.371
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS WOOD FARMS DRIVE COR WOOD MILLS DRIVE WEST (NE) NS WOOD FARMS DRIVE COR WOOD MILLS

Ownership

  • Current Owner : HOLLINGSWORTH JAMES
  • Current Owner 2: PAYNE FAYE
  • Previous Owner : NIETO JOHN M
  • Owner Before Previous Owner: RUPPEL JOHN
  • Owner Before Previous Owner 2: RUPPEL SYLVIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: MB 135-5
  • District: O
  • Parcel: 09-6502-B0-0002
  • Lot: 2
  • Municipality: MEMPHIS
  • Latitude: 35.1695
  • Longitude: -89.7776

    Address

  • Full Address: 1622 Wood Farms Dr
  • Address - House Number: 1622
  • Address - Street Name: Wood Farms
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Cordova
  • Carrier Code: R017
  • 4-Digit Zip Code: 6167
  • Zip Code: 38016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,432

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 386,425
  • High Value: 479,815
  • Low Value: 293,035

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $319,113
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: Jul 01, 2021
  • First Open Lien Mortgage Loan Amount: $319,113
  • 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, 2051

    Market Valuation

  • Market Total Value: $291,000
  • Market Land Value: $50,600
  • Market Improvement Value: $240,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,750
  • Assessed Land Value: $12,650
  • Assessed Improvements Value: $60,100

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Transaction ID: 11841182907
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21079207
  • Previous Sale Recording Date: Jul 16, 2018
  • Previous Sale Contract Date: Jul 13, 2018
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: Jul 01, 2021
  • First Mortgage Loan Amount: $319,113
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: PRIMELENDING
  • Previous Mortgage Transaction Date: Jul 16, 2018
  • Previous Mortgage Loan Amount: $245,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Aug 01, 2048

About Memphis



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Frequently Asked Questions

What neighborhood is 1622 Wood Farms Drive located in?
The 1622 Wood Farms Drive is a house located in the neighborhood of Shelby in Memphis, Cordova.
What is the average sales price for listings in 1622 Wood Farms Drive?
The average sales price for units in 1622 Wood Farms Drive is $0 currently.

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