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3392 Prescott Cove

3392 Prescott Cove, Memphis, TN 38111
Sold Nov 03, 2021
$375,000
$337,500 by Community Mortgage Corp
Mortgage Due Nov 01, 2051
Sold Feb 15, 2019
$259,900
$252,103 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2049
3392 Prescott 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 1957 and is 67 years old. However, we must point out that the home was most recently renovated and altered in 1979. The home has a total of 8 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, 3392 Prescott Cove has 2,928 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 1,070 ft and across the front of the lot is 960 ft. The area measurement of the land has been determined as 10,904 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 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a hip style roof made of composition shingle. 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. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Nov 3, 2021 for $375,000. That's $111.34 per sqft. Prior to that sales transaction, the property was also sold in Jan 7, 2019 for $259,900. 3392 Prescott Cove was last assessed in 2022. The total value of the property was assessed at $71,775. Specifically, the land the property is located on was valued at $11,350. While improvements on the property were assessed at a total of $60,425. 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 $4,372. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.

Building Features

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Building Quality: A
  • 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: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,904
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 960
  • Total Building Area: 3,368
  • Gross Building Area: 3,368
  • Building Area: 2,928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,928
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLAZA GARDENS
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS PRESCOTT COR PRESCOTT COVE NW

Ownership

  • Current Owner : MACKAY ROBERT G
  • Current Owner 2: MACKAY VICTORIA H
  • Previous Owner : FALCON THOMAS J
  • Owner Before Previous Owner: INGVARDSEN DAVID GLEN
  • Owner Before Previous Owner 2: INGVARDSEN DAWN APRIL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 003000

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 13-29
  • District: O
  • Parcel: 04-4047-0-0007
  • Lot: 43
  • Municipality: MEMPHIS
  • Latitude: 35.1338
  • Longitude: -89.9486

    Address

  • Full Address: 3392 Prescott Cv
  • Address - House Number: 3392
  • Address - Street Name: Prescott
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C088
  • 4-Digit Zip Code: 4710
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,372

    Appraisal Valuation

  • Standard Deviation: 0.2402
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 409,868
  • High Value: 508,355
  • Low Value: 311,381

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $337,500
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 03, 2021
  • First Open Lien Mortgage Loan Amount: $337,500
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $287,100
  • Market Land Value: $45,400
  • Market Improvement Value: $241,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,775
  • Assessed Land Value: $11,350
  • Assessed Improvements Value: $60,425

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Transaction ID: 11862157061
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21137437
  • Previous Sale Recording Date: Feb 15, 2019
  • Previous Sale Contract Date: Jan 07, 2019
  • Previous Sale Amount: $259,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 03, 2021
  • First Mortgage Loan Amount: $337,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Feb 15, 2019
  • Previous Mortgage Loan Amount: $252,103
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2049

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Frequently Asked Questions

What neighborhood is 3392 Prescott Cove located in?
The 3392 Prescott Cove is a house located in the neighborhood of Plaza Scenic Gardens in Jackson - University Area, Memphis.
What is the average sales price for listings in 3392 Prescott Cove?
The average sales price for units in 3392 Prescott Cove is $0 currently.

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