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5265 Wedgewood Drive

5265 Wedgewood Drive, Olive Branch, MS 38654
Property in DeSoto
Sold Aug 01, 2016
$521,300
$417,000 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2046
5265 Wedgewood Drive has been categorized by the local assessors in Olive Branch, MS as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5265 Wedgewood Drive has 6,930 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 41,953 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The building has a hip style roof made of shingle (not wood). The exterior walls of the building are made of brick veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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, 5265 Wedgewood Drive sold most recently in Jul 28, 2016 for a total of $521,300. If you work out the math, that's approximately a cost of $75.22 per sqft. 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 $7,097 in taxes each year. 5265 Wedgewood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $52,003. 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: 1996
  • Effective Year Built: 1996
  • Total Rooms: 8
  • Bedroom Count: 4
  • Building Condition: Good
  • Construction Type: Brick
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 41,953
  • Lot Size Frontage Feet: 0
  • Total Building Area: 6,930
  • Building Area: 6,930
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,930
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEDGEWOOD SEC A
  • Land Acres: 0.963
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: WEDGEWOOD S-D SEC A LOT 17

Ownership

  • Current Owner : ULMER GEORGE C
  • Current Owner 2: ULMER KRISTY L
  • Previous Owner : CUMMINGS BARRY W
  • Previous Owner 2: CUMMINGS CHARLES W
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: DeSoto County School District
  • Census Tract: 070724

Zoning

  • Zoning: PUD

Geography

  • Section: A
  • Parcel: 1-07-7-36-02-0-00017-00
  • Lot: 17
  • Meridian: SEC 36 TWN 01 RNG 007
  • Latitude: 34.9572
  • Longitude: -89.8968

    Address

  • Full Address: 5265 Wedgewood Dr
  • Address - House Number: 5265
  • Address - Street Name: Wedgewood
  • Address - Suffix Type: Dr
  • State: MS
  • City Name: Olive Branch
  • Carrier Code: R007
  • 4-Digit Zip Code: 8233
  • Zip Code: 38654

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,097

    Appraisal Valuation

  • Standard Deviation: 0.1633
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 79
  • Final Value: 757,378
  • High Value: 881,099
  • Low Value: 633,657

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $417,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Aug 01, 2016
  • First Open Lien Mortgage Loan Amount: $417,000
  • 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: Aug 01, 2046

    Market Valuation

  • Market Total Value: $520,025
  • Market Land Value: $41,000
  • Market Improvement Value: $479,025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,003

    Sales

  • Current Sale Contract Date: Jul 28, 2016
  • Current Sale Recording Date: Aug 01, 2016
  • Current Sale Transaction ID: 1725645138
  • Current Sale Price: $521,300
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 01, 2016
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2046

About Olive Branch



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Frequently Asked Questions

What neighborhood is 5265 Wedgewood Drive located in?
The 5265 Wedgewood Drive is a located in the neighborhood of DeSoto in Olive Branch, Olive Branch.
What is the average sales price for listings in 5265 Wedgewood Drive?
The average sales price for units in 5265 Wedgewood Drive is $0 currently.

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