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551 Wild Cherry Cove

551 Wild Cherry Cove, Memphis, TN 38117
House in Village
Sold Jan 25, 2021
$448,000
$318,000 by Bank Of England
Mortgage Due Feb 01, 2051
Sold Jul 13, 2011
$272,000
$217,600 by Iberiabank Mortgage Co
Mortgage Due Jul 01, 2041
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551 Wild Cherry Cove in Memphis, TN was first built in 1968 and is 56 years old. Although, the building on the property was most recently renovated and altered in 1994. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 551 Wild Cherry Cove has 3,078 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 950 ft and the linear feet between the front and back of the lot is 1,310. In total, the area measurement of the land is 12,445 square feet.

Learn more about the property and building on this page. There is a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 420 sqft. There are a total of 2 available parking spaces. 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 average. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 551 Wild Cherry Cove sold most recently in Jan 20, 2020 for a total of $448,000. If you work out the math, that's approximately a cost of $128.07 per sqft. Before that, the property was also sold for $272,000 in Jun 10, 2011. 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 $5,988 in taxes each year. 551 Wild Cherry Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $98,300. If we break it down further, the land itself was valued at $12,075. Improvements to the property, however, were assessed at a total of $86,225. 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. 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!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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Colonial
  • 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: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,445
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 950
  • Total Building Area: 3,498
  • Gross Building Area: 3,498
  • Building Area: 3,078
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,078
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AUDUBON MANOR
  • Land Acres: 0.286
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS WILD CHERRY COVE COR VILLAGE RD NW

Ownership

  • Current Owner : MARSTON KIMBERLY
  • Current Owner 2: KIRAY MICHAEL
  • Previous Owner : BURKE JANICE KAYE
  • Previous Owner 2: BURKE GERALD H
  • Owner Before Previous Owner: THRELKELD JO T
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008500

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-7011-0-0060
  • Lot: 31
  • Municipality: MEMPHIS
  • Latitude: 35.1162
  • Longitude: -89.9197

    Address

  • Full Address: 551 Wild Cherry Cv
  • Address - House Number: 551
  • Address - Street Name: Wild Cherry
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C032
  • 4-Digit Zip Code: 3647
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,988

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 545,241
  • High Value: 669,636
  • Low Value: 420,846

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $318,000
  • First Open Lien Mortgage Lender: BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date: Jan 25, 2021
  • First Open Lien Mortgage Loan Amount: $318,000
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $393,200
  • Market Land Value: $48,300
  • Market Improvement Value: $344,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $98,300
  • Assessed Land Value: $12,075
  • Assessed Improvements Value: $86,225

    Sales

  • Current Sale Contract Date: Jan 20, 2020
  • Current Sale Recording Date: Jan 25, 2021
  • Current Sale Transaction ID: 11814137373
  • Current Sale Price: $448,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21008789
  • Previous Sale Recording Date: Jul 13, 2011
  • Previous Sale Contract Date: Jun 10, 2011
  • Previous Sale Amount: $272,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF ENGLAND
  • First Mortgage Transaction Date: Jan 25, 2021
  • First Mortgage Loan Amount: $318,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: IBERIABANK MORTGAGE CO
  • Previous Mortgage Transaction Date: Jul 13, 2011
  • Previous Mortgage Loan Amount: $217,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2041

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Frequently Asked Questions

What neighborhood is 551 Wild Cherry Cove located in?
The 551 Wild Cherry Cove is a house located in the neighborhood of Village in Jackson - University Area, Memphis.
What is the average sales price for listings in 551 Wild Cherry Cove?
The average sales price for units in 551 Wild Cherry Cove is $448,900 currently.

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