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403 Wellington Cove

403 Wellington Cove, Memphis, TN 38117
Townhouse in Shelby
Sold Sep 01, 2020
$340,000
$323,000 by Community Mortgage Corp
Mortgage Due Sep 01, 2050
Sold Dec 21, 1998
$270,000
403 Wellington 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 1988 and is 36 years old. The home has a total of 7 rooms. 3 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, 403 Wellington Cove has 2,543 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 1,050 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,350 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 529 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 good. 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 building has a gable 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 403 Wellington Cove sold most recently in Jul 31, 2020 for a total of $340,000. If you work out the math, that's approximately a cost of $110.68 per sqft. Before that, the property was also sold for $270,000 in Nov 30, 1998. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,082 in taxes each year. The initial year of tax delinquency occurred in 2019. 403 Wellington Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $83,425. If we break it down further, the land itself was valued at $17,925. Improvements to the property, however, were assessed at a total of $65,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 529
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,350
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,072
  • Gross Building Area: 3,072
  • Building Area: 2,543
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,543
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WELLINGTON PD FINAL PLAN
  • Land Acres: 0.123
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: WS WELLINGTON CV (PD)

Ownership

  • Current Owner : DOUGLAS EUGENE G
  • Previous Owner : ROBINSON RENSHAW JOAN E
  • Previous Owner 2: ROBINSON JOHN E
  • Owner Before Previous Owner: SMITH LESLIE E
  • Owner Before Previous Owner 2: SMITH PHOEBE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008500

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 118-035
  • District: O
  • Parcel: 05-6004-D0-0013
  • Lot: 9
  • Municipality: MEMPHIS
  • Latitude: 35.12
  • Longitude: -89.9039

    Address

  • Full Address: 403 Wellington Cv
  • Address - House Number: 403
  • Address - Street Name: Wellington
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C055
  • 4-Digit Zip Code: 4000
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,082
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 456,622
  • High Value: 560,798
  • Low Value: 352,445

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $323,000
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Sep 01, 2020
  • First Open Lien Mortgage Loan Amount: $323,000
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $333,700
  • Market Land Value: $71,700
  • Market Improvement Value: $262,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $83,425
  • Assessed Land Value: $17,925
  • Assessed Improvements Value: $65,500

    Sales

  • Current Sale Contract Date: Jul 31, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Transaction ID: 11784445346
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20093388
  • Previous Sale Recording Date: Dec 21, 1998
  • Previous Sale Contract Date: Nov 30, 1998
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Re-recorded Document

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Sep 01, 2020
  • First Mortgage Loan Amount: $323,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

About Memphis



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Frequently Asked Questions

What neighborhood is 403 Wellington Cove located in?
The 403 Wellington Cove is a townhouse located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 403 Wellington Cove?
The average sales price for units in 403 Wellington Cove is $349,900 currently.

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