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488 North Walnut Bend Road

488 North Walnut Bend Road, Cordova, TN 38018
Sold Dec 29, 2020
$375,000
$337,565 by Brighton Bank
Mortgage Due Jan 01, 2051
Local assessors in Cordova, TN have categorized 488 North Walnut Bend Road as a residential type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 43,560 square feet. The linear feet between the front and back of the lot was measured at 2,900 ft and the front of the lot was measured at 1,500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 5 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 488 North Walnut Bend Road has a total of 3,737 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 768 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Dec 22, 2020 for $375,000. That's $83.24 per sqft. 488 North Walnut Bend Road was last assessed in 2022. The total value of the property was assessed at $94,700. Specifically, the land the property is located on was valued at $20,000. While improvements on the property were assessed at a total of $74,700. 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 $5,769. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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

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

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Average
  • Building Quality: B
  • 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: 768
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,900
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 4,505
  • Gross Building Area: 4,505
  • Building Area: 3,737
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,737
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERTRAIL PHASE 3
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES WALNUT BEND RD

Ownership

  • Current Owner : WILLIAMS MICHAEL RHEA
  • Current Owner 2: WILLIAMS NANCYE MIDLENE
  • Previous Owner : GRAYES THEODORE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 91-5
  • District: O
  • Parcel: 09-1071-0-0011
  • Lot: 78
  • Municipality: MEMPHIS
  • Latitude: 35.1386
  • Longitude: -89.7852

    Address

  • Full Address: 488 N Walnut Bend Rd
  • Address - House Number: 488
  • Street Direction: N
  • Address - Street Name: Walnut Bend
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Cordova
  • Carrier Code: R044
  • 4-Digit Zip Code: 6853
  • Zip Code: 38018

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,769

    Appraisal Valuation

  • Standard Deviation: 0.1966
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 490,486
  • High Value: 586,951
  • Low Value: 394,022

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $337,565
  • First Open Lien Mortgage Lender: BRIGHTON BANK
  • First Open Lien Mortgage Recording Date: Dec 29, 2020
  • First Open Lien Mortgage Loan Amount: $337,565
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $378,800
  • Market Land Value: $80,000
  • Market Improvement Value: $298,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $94,700
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $74,700

    Sales

  • Current Sale Contract Date: Dec 22, 2020
  • Current Sale Recording Date: Dec 29, 2020
  • Current Sale Transaction ID: 11809466526
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20144590

    Last Sale Mortgage

  • First Mortgage Lender: BRIGHTON BANK
  • First Mortgage Transaction Date: Dec 29, 2020
  • First Mortgage Loan Amount: $337,565
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2051

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Frequently Asked Questions

What neighborhood is 488 North Walnut Bend Road located in?
The 488 North Walnut Bend Road is a located in the neighborhood of Alliance of Cordova Neighborhoods in Alliance of Cordova Neighborhoods, Cordova.
What is the average sales price for listings in 488 North Walnut Bend Road?
The average sales price for units in 488 North Walnut Bend Road is $0 currently.

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