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Memphis 38018 Concerned Citizens of Walnut Grove
384 STEADMAN LN
Photo of 384 STEADMAN LN
Sold on Aug 29, 2024

24

Map

Photo of 384 STEADMAN LN
Photo of 384 STEADMAN LN
$345,000
● House - Off Market

384 STEADMAN LN

Cordova, TN 38018
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,446 Ft²
$2,056
Est. Monthly

About This Property

The PERFECT description of move in ready! Open plan, THREE bedrooms down including primary, SUPER kitchen w large center island, granite countertops, and tons of natural light and storage. Upstairs has full bath, bedroom, and bonus- perfectly private for guests! Impeccably maintained - roof replaced in 2018, front yard irrigation installed in 2020, new hot water heater, downstairs HVAC serviced 5/24, upstairs unit replaced 5/24 to include condenser & coil with 10year warranty, termite contract!
Unit Size
2,446 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$145
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
2002

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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: 3 months ago (Realtracs #RTC3502968)

Price History

Date / Event Date Event Price
Aug 29, 2024 Sold
Premium
Sold
May 17, 2024 Listed by Crye-Leike Realtors $355,000
Listed by Crye-Leike Realtors

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 13,619
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 3,218
  • Gross Building Area: 3,218
  • Building Area: 2,777
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,777
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANGA GROVE SEC C
  • Land Acres: 0000000313
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: SS SPICE WOOD LN COR STEADMAN LN (SE) SEE MAP D2-14C

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 183-36
  • District: O
  • Parcel: 09-1083-C0-0021
  • Lot: 138
  • Municipality: MEMPHIS
  • Latitude: 35.1355
  • Longitude: -89.7736

    Address

  • Full Address: 384 Steadman Ln
  • Address - House Number: 384
  • Address - Street Name: Steadman
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Cordova
  • Carrier Code: R028
  • 4-Digit Zip Code: 1058
  • Zip Code: 38018

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $374,332

    Appraisal Valuation

  • Standard Deviation: 0.236
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 350,301
  • High Value: 432,992
  • Low Value: 267,609

    Market Valuation

  • Market Total Value: $245,800
  • Market Land Value: $50,900
  • Market Improvement Value: $194,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,450
  • Assessed Land Value: $12,725
  • Assessed Improvements Value: $48,725

    Sales

  • Current Sale Contract Date: May 15, 2018
  • Current Sale Recording Date: May 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18049214
  • Previous Sale Recording Date: Apr 22, 2015
  • Previous Sale Contract Date: Apr 15, 2015
  • Previous Sale Amount: $168,000
  • 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 Concerned Citizens of Walnut Grove

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

3163 ft²

Average Home Age

1 years

Currently For Sale

1 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

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Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3502968
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 384 Steadman Lane built and last sold?
The property at 384 Steadman Lane was built in 2002 and last sold on May 15, 2018 for $215,000.
How much is this home worth?
The estimated value of the home located at 384 Steadman Lane is $363,660.
What are some comparable homes to 384 Steadman Lane?
There are currently no comparable homes to 384 Steadman Lane.
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