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5932 Hickory Trace Cove

5932 Hickory Trace Cove, Memphis, TN 38141
House in Shelby
Sold Dec 20, 2018
$110,000
$90,800 by Delmar Financial Co
Mortgage Due Jun 01, 2051
Sold Oct 26, 2018
$70,000
$90,000 by M Neal Hanna
Mortgage
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Local assessors in Memphis, TN have categorized 5932 Hickory Trace Cove as a residential type of property. The home was built in 1981 and is 43 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 15,246 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 390 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 5 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 are 2 full bathrooms. There are also 2 partial bathrooms. 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 5932 Hickory Trace Cove has a total of 1,139 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. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5932 Hickory Trace Cove sold most recently in Dec 15, 2018 for a total of $110,000. If you work out the math, that's approximately a cost of $96.58 per sqft. Before that, the property was also sold for $70,000 in Oct 19, 2018. 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 $1,794 in taxes each year. 5932 Hickory Trace Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $29,450. If we break it down further, the land itself was valued at $3,800. Improvements to the property, however, were assessed at a total of $25,650. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1981
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 390
  • Total Building Area: 1,139
  • Gross Building Area: 1,139
  • Building Area: 1,139
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,139
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HICKORY WOODS
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WEND OF HICKORY TRACE CV

Ownership

  • Current Owner : SANTO JAMES M
  • Previous Owner : GP BUY MEMPHIS NOW
  • Owner Before Previous Owner: NAKAGAWA KIP D

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021759

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 78-34
  • District: O
  • Parcel: 09-3623-D0-0050
  • Lot: 50
  • Municipality: MEMPHIS
  • Latitude: 35.0237
  • Longitude: -89.8658

    Address

  • Full Address: 5932 Hickory Trace Cv
  • Address - House Number: 5932
  • Address - Street Name: Hickory Trace
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C019
  • 4-Digit Zip Code: 7646
  • Zip Code: 38141

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,794

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 414,829
  • High Value: 603,497
  • Low Value: 226,160

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $90,800
  • First Open Lien Mortgage Lender: DELMAR FINANCIAL CO
  • First Open Lien Mortgage Recording Date: May 20, 2021
  • First Open Lien Mortgage Loan Amount: $90,800
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $117,800
  • Market Land Value: $15,200
  • Market Improvement Value: $102,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,450
  • Assessed Land Value: $3,800
  • Assessed Improvements Value: $25,650

    Sales

  • Current Sale Contract Date: Dec 15, 2018
  • Current Sale Recording Date: Dec 20, 2018
  • Current Sale Transaction ID: 11543926266
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18129527
  • Previous Sale Recording Date: Oct 26, 2018
  • Previous Sale Contract Date: Oct 19, 2018
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GENEVA FINANCIAL LLC
  • First Mortgage Transaction Date: Dec 20, 2018
  • First Mortgage Loan Amount: $8,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: M NEAL HANNA
  • Previous Mortgage Transaction Date: Oct 26, 2018
  • Previous Mortgage Loan Amount: $90,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 5932 Hickory Trace Cove located in?
The 5932 Hickory Trace Cove is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 5932 Hickory Trace Cove?
The average sales price for units in 5932 Hickory Trace Cove is $0 currently.

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