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2081 Penn Gap Cove

2081 Penn Gap Cove, Memphis, TN 38134
Property in Shelby
Sold Jul 25, 2023
$230,900
$223,973 by Rocket Mortgage Llc
Mortgage Due Aug 01, 2053
Sold May 04, 2023
$165,000
2081 Penn Gap Cove has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 2004 and is 20 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2081 Penn Gap Cove has 1,286 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,300 ft and across the front of the lot is 387 ft. The area measurement of the land has been determined as 5,448 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 460 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 D by the local assessor. The exterior walls of the building are made of brick veneer. 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 and being fueled with gas. The property was last sold in Jul 21, 2023 for $230,900. That's $132.25 per sqft. Prior to that sales transaction, the property was also sold in May 2, 2023 for $165,000. 2081 Penn Gap Cove was last assessed in 2022. The total value of the property was assessed at $34,600. Specifically, the land the property is located on was valued at $5,000. While improvements on the property were assessed at a total of $29,600. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,108. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 5
  • 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
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,448
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 387
  • Total Building Area: 1,746
  • Gross Building Area: 1,746
  • Building Area: 1,286
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,286
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SYCAMORE VIEW ROAD PHASE 1 PD
  • Land Acres: 0.125
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS PENN GAP CV SEE MAP B-28

Ownership

  • Current Owner : CHAMBLISS CRYSTAL
  • Previous Owner : ESSENTIAL PROPERTIES LLC
  • Owner Before Previous Owner: MHV1 LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried woman

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020610

Zoning

  • Zoning: RU-2

Geography

  • Assessors Map Reference: MB 202-073
  • District: O
  • Parcel: 08-8048-C0-0016
  • Lot: 16
  • Municipality: MEMPHIS
  • Latitude: 35.1823
  • Longitude: -89.8743

    Address

  • Full Address: 2081 Penn Gap Cv
  • Address - House Number: 2081
  • Address - Street Name: Penn Gap
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C034
  • 4-Digit Zip Code: 6664
  • Zip Code: 38134

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,108

    Appraisal Valuation

  • Standard Deviation: 0.2531
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 196,508
  • High Value: 246,245
  • Low Value: 146,772

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $223,973
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 25, 2023
  • First Open Lien Mortgage Loan Amount: $223,973
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $138,400
  • Market Land Value: $20,000
  • Market Improvement Value: $118,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,600
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $29,600

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Transaction ID: 11909968196
  • Current Sale Price: $230,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 61342
  • Previous Sale Recording Date: May 04, 2023
  • Previous Sale Contract Date: May 02, 2023
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 25, 2023
  • First Mortgage Loan Amount: $223,973
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2053

About Memphis



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Frequently Asked Questions

What neighborhood is 2081 Penn Gap Cove located in?
The 2081 Penn Gap Cove is a located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 2081 Penn Gap Cove?
The average sales price for units in 2081 Penn Gap Cove is $0 currently.

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