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Memphis 38018 Alliance of Cordova Neighborhoods
349 WALNUT TRACE DR
Photo of 349 WALNUT TRACE DR
Sold on Sep 30, 2021

25

Map

Photo of 349 WALNUT TRACE DR
Photo of 349 WALNUT TRACE DR
$294,000
● House - Off Market

349 WALNUT TRACE DR

Cordova, TN 38018
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,262 Ft²
$312,180
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

This home is spacious with eat in kitchen, formal dining rm, large living room foyer, laundry room, and three very spacious bedrooms, all of them can hold a queen size bed or bigger! Manicured yard with lovely veggie garden in back. Covered patio, privacy in the backyard, near shopping, schools, a park. Property has 2 hot water heaters (one just for kitchen sink), all appliances stay! Roof is 9 years old, heating and air only a few years old. Won't last long!
Unit Size
2,262 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$122
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (Realtracs #RTC3114652)

Price History

Date / Event Date Event Price
Sep 30, 2021 Sold
Premium
Sold
Aug 18, 2021 Listed by BEST Real Estate Company $275,000
Listed by BEST Real Estate Company

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,712
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 670
  • Total Building Area: 2,703
  • Gross Building Area: 2,703
  • Building Area: 2,262
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,262
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRINITY OAKS SEC A
  • Land Acres: 0000000292
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: WS WALNUT TRACE DR

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021144

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 131-34
  • District: O
  • Parcel: 09-1071-0-0061
  • Lot: 30
  • Municipality: MEMPHIS
  • Latitude: 35.1347
  • Longitude: -89.7825

    Address

  • Full Address: 349 Walnut Trace Dr
  • Address - House Number: 349
  • Address - Street Name: Walnut Trace
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Cordova
  • Carrier Code: R006
  • 4-Digit Zip Code: 6805
  • Zip Code: 38018

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $359,559

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 331,645
  • High Value: 408,483
  • Low Value: 254,806

    Market Valuation

  • Market Total Value: $236,100
  • Market Land Value: $34,700
  • Market Improvement Value: $201,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,025
  • Assessed Land Value: $8,675
  • Assessed Improvements Value: $50,350

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21123683
  • Previous Sale Recording Date: Apr 28, 2010
  • Previous Sale Contract Date: Mar 01, 2010
  • Previous Sale Amount: $152,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Alliance of Cordova Neighborhoods

Stats & Trends

Median Asking:

$285,000

Sale Price/ft²

$154

Above Asking

0.00%

Average Days on Market

62

Average Home Size

2836 ft²

Average Home Age

24.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Kaye Thompson, BEST Real Estate Company
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3114652
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 349 Walnut Trace Drive built and last sold?
The property at 349 Walnut Trace Drive was built in 1993 and last sold on Sep 30, 2021 for $294,000.
How much is this home worth?
The estimated value of the home located at 349 Walnut Trace Drive is $279,285.
What are some comparable homes to 349 Walnut Trace Drive?
There are currently no comparable homes to 349 Walnut Trace Drive.
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