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5203 Black Diamond Cove

5203 Black Diamond Cove, Memphis, TN 38127
House in Shelby
Sold Sep 23, 2020
$72,000
$57,600 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2050
Sold Jan 31, 2020
$31,000
$48,000 by Avalon Capital Llc
Mortgage Due Aug 01, 2020
Local assessors in Memphis, TN have categorized 5203 Black Diamond Cove as a residential type of property. The home was built in 1972 and is 52 years old. It was most recently renovated and altered in 1996. The property's lot size has been calculated to be 2,475 square feet. The linear feet between the front and back of the lot was measured at 450 ft and the front of the lot was measured at 550 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 6 rooms in the home. Of these, 3 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 is one full bathroom. There is also a partial bathroom. 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 5203 Black Diamond Cove has a total of 969 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 220 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 a unknown so you'll have a great option in the 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 - 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. 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, 5203 Black Diamond Cove sold most recently in Aug 14, 2020 for a total of $72,000. If you work out the math, that's approximately a cost of $60.56 per sqft. Before that, the property was also sold for $31,000 in Jan 17, 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 $447 in taxes each year. 5203 Black Diamond Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $13,175. If we break it down further, the land itself was valued at $1,475. Improvements to the property, however, were assessed at a total of $11,700. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • 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
  • Garage Type: Attached
  • Garage Square Area: 220
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,475
  • Lot Size Depth Feet: 450
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,189
  • Gross Building Area: 1,189
  • Building Area: 969
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 969
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRECKENWOOD
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS BLACK DIAMOND COVE 151.12 FT W OF BROKEN OAK DR (PL 43-59)

Ownership

  • Current Owner : FOUNTAINE MATTHEW
  • Previous Owner : FIRST PREMIER PROPERTIES LLC
  • Owner Before Previous Owner: PROVIDENT TRUST GROUP LLC

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020101

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 42-7
  • District: S
  • Parcel: D0-134-I-00023
  • Block: C
  • Lot: 145
  • Municipality: SHELBY COUNTY
  • Latitude: 35.2681
  • Longitude: -90.0382

    Address

  • Full Address: 5203 Black Diamond Cv
  • Address - House Number: 5203
  • Address - Street Name: Black Diamond
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C016
  • 4-Digit Zip Code: 2510
  • Zip Code: 38127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $447

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 102,969
  • High Value: 130,207
  • Low Value: 75,732

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $57,600
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 23, 2020
  • First Open Lien Mortgage Loan Amount: $57,600
  • 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: $52,700
  • Market Land Value: $5,900
  • Market Improvement Value: $46,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,175
  • Assessed Land Value: $1,475
  • Assessed Improvements Value: $11,700

    Sales

  • Current Sale Contract Date: Aug 14, 2020
  • Current Sale Recording Date: Sep 23, 2020
  • Current Sale Transaction ID: 11788050210
  • Current Sale Price: $72,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20102960
  • Previous Sale Recording Date: Jan 31, 2020
  • Previous Sale Contract Date: Jan 17, 2020
  • Previous Sale Amount: $31,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 23, 2020
  • First Mortgage Loan Amount: $57,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: AVALON CAPITAL LLC
  • Previous Mortgage Transaction Date: Jan 31, 2020
  • Previous Mortgage Loan Amount: $48,000
  • Previous Mortgage Term: 6
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Aug 01, 2020

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Frequently Asked Questions

What neighborhood is 5203 Black Diamond Cove located in?
The 5203 Black Diamond Cove is a house located in the neighborhood of Shelby in Shelby, Memphis.
What is the average sales price for listings in 5203 Black Diamond Cove?
The average sales price for units in 5203 Black Diamond Cove is $0 currently.

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