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56 Richfield Cove

56 Richfield Cove, Jackson, TN 38305
Property in Madison
Sold May 08, 2018
$159,000
$162,418 by Platinum Mortgage Inc
Mortgage Due Jun 01, 2048
Sold Jun 29, 2007
$157,500
Local assessors in Jackson, TN have categorized 56 Richfield Cove as a residential type of property. The home was built in 1998 and is 26 years old. It was most recently renovated and altered in 2007. 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 1,490 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 custom style. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 56 Richfield Cove has a total of 2,260 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 480 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 - C. The building has a gable or hip style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 2, 2018 for $159,000. That's $58.03 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $157,500. 56 Richfield Cove was last assessed in 2024. The total value of the property was assessed at $52,700. Specifically, the land the property is located on was valued at $6,250. While improvements on the property were assessed at a total of $46,450. 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 $849. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,740
  • Gross Building Area: 2,740
  • Building Area: 2,260
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,260
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FORREST POINTE
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FORREST POINTE PB 0007 PG 0085 BLK 0005 LOT 0065 80X150.33X80X149.96

Ownership

  • Current Owner : LEWIS WILLIAM J
  • Current Owner 2: LEWIS CASSANDRA
  • Previous Owner : WATSON MICAH J
  • Previous Owner 2: WATSON JULIE A
  • Owner Before Previous Owner: FANT GENE C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Jackson-Madison County School System
  • School Tax School District: 57359
  • Census Tract: 001612

Geography

  • Assessors Map Reference: 033H
  • District: 03
  • Parcel: 033H-D-020.00
  • Block: 5
  • Lot: 65
  • Municipality: JACKSON
  • Latitude: 35.7098
  • Longitude: -88.8659

    Address

  • Full Address: 56 Richfield Cv
  • Address - House Number: 56
  • Address - Street Name: Richfield
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Jackson
  • Carrier Code: R023
  • 4-Digit Zip Code: 5637
  • Zip Code: 38305

Valuation

    Tax

  • Total Area: 850
  • Tax Year: 2023
  • Tax Amount: $849
  • Tax Rate Code Area: 57A02

    Appraisal Valuation

  • Standard Deviation: 0.2537
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 278,615
  • High Value: 349,313
  • Low Value: 207,917

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $175,718
  • First Open Lien Mortgage Lender: PLATINUM MORTGAGE INC
  • First Open Lien Mortgage Recording Date: May 08, 2018
  • First Open Lien Mortgage Loan Amount: $162,418
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2048
  • Second Open Lien Mortgage Lender: TRUIST BANK
  • Second Open Lien Mortgage Recording Date: Jun 01, 2021
  • Second Open Lien Mortgage Loan Amount: $13,300
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: May 21, 2051

    Market Valuation

  • Market Total Value: $210,800
  • Market Land Value: $25,000
  • Market Improvement Value: $185,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $52,700
  • Assessed Land Value: $6,250
  • Assessed Improvements Value: $46,450

    Sales

  • Current Sale Contract Date: May 02, 2018
  • Current Sale Recording Date: May 08, 2018
  • Current Sale Transaction ID: 11463610825
  • Current Sale Price: $159,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18005022
  • Previous Sale Recording Date: Jun 29, 2007
  • Previous Sale Amount: $157,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLATINUM MORTGAGE INC
  • First Mortgage Transaction Date: May 08, 2018
  • First Mortgage Loan Amount: $162,418
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2048

About Jackson



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Frequently Asked Questions

What neighborhood is 56 Richfield Cove located in?
The 56 Richfield Cove is a located in the neighborhood of Madison in Jackson, Jackson.
What is the average sales price for listings in 56 Richfield Cove?
The average sales price for units in 56 Richfield Cove is $0 currently.

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