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505 Princeton Cove

505 Princeton Cove, Memphis, TN 38117
House in Shelby
Sold Aug 03, 2022
$465,000
$441,750 by Community Mortgage Corporation
Mortgage Due Aug 01, 2052
Sold Sep 01, 2021
$460,500
Local assessors in Memphis, TN have categorized 505 Princeton Cove as a residential type of property. The home was built in 1971 and is 53 years old. It was most recently renovated and altered in 1996. The property's lot size has been calculated to be 12,624 square feet. The linear feet between the front and back of the lot was measured at 1,580 ft and the front of the lot was measured at 800 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 9 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 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 505 Princeton Cove has a total of 3,594 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 carport for those who need a place to park their vehicle. The garage on the property is 380 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 good. 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 - D. The building has a gable 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 505 Princeton Cove was last sold in Jul 28, 2022 for $465,000. According to our calculations, that's $129.38 per sqft. Prior to that sales transaction, the property was sold for $460,500 in Aug 20, 2021. Current property owners are expected to pay $5,257 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 505 Princeton Cove was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $86,300. To break that down further, the land itself was valued at $27,175. While improvements to the property were assessed at a total of $59,125. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • 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: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 380
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 12,624
  • Lot Size Depth Feet: 1,580
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,594
  • Gross Building Area: 3,594
  • Building Area: 3,594
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,594
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKVIEW 1ST ADDN
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : JARRETT GREGORY
  • Current Owner 2: JARRETT ALLYSON
  • Previous Owner : SMITH IRENE O
  • Previous Owner 2: SMITH FRED
  • Owner Before Previous Owner: CHURCH DANIEL W
  • Owner Before Previous Owner 2: CHURCH JESSICA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008600

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-5045-0-0017
  • Lot: 2
  • Municipality: MEMPHIS
  • Latitude: 35.1449
  • Longitude: -89.9044

    Address

  • Full Address: 505 Princeton Cv
  • Address - House Number: 505
  • Address - Street Name: Princeton
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C003
  • 4-Digit Zip Code: 1841
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,257
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2327
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 482,094
  • High Value: 594,288
  • Low Value: 369,900

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $441,750
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Aug 03, 2022
  • First Open Lien Mortgage Loan Amount: $441,750
  • 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: Aug 01, 2052

    Market Valuation

  • Market Total Value: $345,200
  • Market Land Value: $108,700
  • Market Improvement Value: $236,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,300
  • Assessed Land Value: $27,175
  • Assessed Improvements Value: $59,125

    Sales

  • Current Sale Contract Date: Jul 28, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Transaction ID: 11893715728
  • Current Sale Price: $465,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 87115
  • Previous Sale Recording Date: Sep 01, 2021
  • Previous Sale Contract Date: Aug 20, 2021
  • Previous Sale Amount: $460,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Aug 03, 2022
  • First Mortgage Loan Amount: $441,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

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Frequently Asked Questions

What neighborhood is 505 Princeton Cove located in?
The 505 Princeton Cove is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 505 Princeton Cove?
The average sales price for units in 505 Princeton Cove is $0 currently.

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