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4761 Royal Elm Cove

4761 Royal Elm Cove, Memphis, TN 38128
Sold Aug 23, 2022
$98,900
$74,900 by Bridge Capital Asset Funding L
Mortgage Due Sep 01, 2052
Sold Oct 14, 2020
$74,900
$63,675 by Stifel Bank & Trust
Mortgage Due Nov 01, 2050
4761 Royal Elm Cove in Memphis, TN was first built in 1972 and is 52 years old. Although, the building on the property was most recently renovated and altered in 1996. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 4761 Royal Elm Cove has 948 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 560 ft and the linear feet between the front and back of the lot is 1,150. In total, the area measurement of the land is 6,440 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick veneer. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 4761 Royal Elm Cove sold most recently in Aug 17, 2022 for a total of $98,900. If you work out the math, that's approximately a cost of $104.32 per sqft. Before that, the property was also sold for $74,900 in Oct 9, 2020. 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 $1,025 in taxes each year. The initial year of tax delinquency occurred in 2018. 4761 Royal Elm Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $16,825. If we break it down further, the land itself was valued at $1,975. Improvements to the property, however, were assessed at a total of $14,850. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Good
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,440
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 560
  • Total Building Area: 948
  • Gross Building Area: 948
  • Building Area: 948
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 948
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROYAL RIDGE SEC B
  • Land Acres: 0.148
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS ROYAL ELM CV

Ownership

  • Current Owner : 1216 E CORNER STORAGE LLC
  • Previous Owner : FABULOUS FOX ENTERPRISE TN LLC
  • Owner Before Previous Owner: MEMPHIS INVESTMENT PROPERTIES II LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020521

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 44-16
  • District: O
  • Parcel: 09-0002-0-0059
  • Lot: 142
  • Municipality: MEMPHIS
  • Latitude: 35.2561
  • Longitude: -89.9404

    Address

  • Full Address: 4761 Royal Elm Cv
  • Address - House Number: 4761
  • Address - Street Name: Royal Elm
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C021
  • 4-Digit Zip Code: 1220
  • Zip Code: 38128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,025
  • Intital Tax Deliquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 397,289
  • High Value: 577,979
  • Low Value: 216,598

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $74,900
  • First Open Lien Mortgage Lender: BRIDGE CAPITAL ASSET FUNDING L
  • First Open Lien Mortgage Recording Date: Aug 23, 2022
  • First Open Lien Mortgage Loan Amount: $74,900
  • 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, 2052

    Market Valuation

  • Market Total Value: $67,300
  • Market Land Value: $7,900
  • Market Improvement Value: $59,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,825
  • Assessed Land Value: $1,975
  • Assessed Improvements Value: $14,850

    Sales

  • Current Sale Contract Date: Aug 17, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Transaction ID: 11894905675
  • Current Sale Price: $98,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 94400
  • Previous Sale Recording Date: Oct 14, 2020
  • Previous Sale Contract Date: Oct 09, 2020
  • Previous Sale Amount: $74,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRIDGE CAPITAL ASSET FUNDING L
  • First Mortgage Transaction Date: Aug 23, 2022
  • First Mortgage Loan Amount: $74,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: STIFEL BANK & TRUST
  • Previous Mortgage Transaction Date: Oct 14, 2020
  • Previous Mortgage Loan Amount: $63,675
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2050

About Frayser - Raleigh PD



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Frequently Asked Questions

What neighborhood is 4761 Royal Elm Cove located in?
The 4761 Royal Elm Cove is a located in the neighborhood of Frayser - Raleigh PD in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 4761 Royal Elm Cove?
The average sales price for units in 4761 Royal Elm Cove is $0 currently.

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