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6486 Wells Farms Cove

6486 Wells Farms Cove, Memphis, TN 38135
House in Wells Gate
Sold Nov 25, 2020
$329,000
$329,000 by Truist Bank
Mortgage Due Dec 01, 2050
Sold Aug 14, 2017
$257,500
$202,000 by Independence Bank
Mortgage Due Sep 01, 2047
Local assessors in Memphis, TN have categorized 6486 Wells Farms Cove as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 21,301 square feet. The linear feet between the front and back of the lot was measured at 1,590 ft and the front of the lot was measured at 1,104 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 9 rooms in the home. Of these, 4 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 3 full bathrooms. There are also 4 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 6486 Wells Farms Cove has a total of 3,674 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 651 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 front 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 - B. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Nov 19, 2020 for $329,000. That's $76.07 per sqft. Prior to that sales transaction, the property was also sold in Aug 10, 2017 for $257,500. 6486 Wells Farms Cove was last assessed in 2022. The total value of the property was assessed at $82,400. Specifically, the land the property is located on was valued at $14,400. While improvements on the property were assessed at a total of $68,000. 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 $4,219. The initial tax year of delinquency was in 2017. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

Building Features

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 651
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,301
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 1,104
  • Total Building Area: 4,325
  • Gross Building Area: 4,325
  • Building Area: 3,674
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,674
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WELLSGATE SUBDIVISION
  • Land Acres: 0.489
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS WELLS FARMS CV COR WELLSGATE POINT NW SEE MAP GRID 74 R

Ownership

  • Current Owner : HAMMONDS TRAVIS N
  • Current Owner 2: HAMMONDS OINNA JEAN
  • Previous Owner : COOLEY MICHAEL P
  • Previous Owner 2: COOLEY MICHAEL PAUL
  • Owner Before Previous Owner: ARNOLD DAVID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bartlett City School District
  • Census Tract: 020656

Zoning

  • Zoning: RS-15

Geography

  • Assessors Map Reference: MB 230-019
  • District: B
  • Parcel: B0-148R-A0-0023
  • Lot: 23
  • Municipality: BARTLETT
  • Latitude: 35.254
  • Longitude: -89.8467

    Address

  • Full Address: 6486 Wells Farms Cv
  • Address - House Number: 6486
  • Address - Street Name: Wells Farms
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Bartlett
  • Carrier Code: R020
  • 4-Digit Zip Code: 0314
  • Zip Code: 38135

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,219
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2472
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 431,255
  • High Value: 537,885
  • Low Value: 324,626

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $389,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Nov 25, 2020
  • First Open Lien Mortgage Loan Amount: $329,000
  • 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: Dec 01, 2050
  • Second Open Lien Mortgage Lender: TRUIST BANK
  • Second Open Lien Mortgage Recording Date: Sep 19, 2023
  • Second Open Lien Mortgage Loan Amount: $60,000
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 19, 2048

    Market Valuation

  • Market Total Value: $329,600
  • Market Land Value: $57,600
  • Market Improvement Value: $272,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,400
  • Assessed Land Value: $14,400
  • Assessed Improvements Value: $68,000

    Sales

  • Current Sale Contract Date: Nov 19, 2020
  • Current Sale Recording Date: Nov 25, 2020
  • Current Sale Transaction ID: 11802118506
  • Current Sale Price: $329,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20131622
  • Previous Sale Recording Date: Aug 14, 2017
  • Previous Sale Contract Date: Aug 10, 2017
  • Previous Sale Amount: $257,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Nov 25, 2020
  • First Mortgage Loan Amount: $329,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: INDEPENDENCE BANK
  • Previous Mortgage Transaction Date: Aug 14, 2017
  • Previous Mortgage Loan Amount: $202,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2047

About Wells Gate



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 6486 Wells Farms Cove located in?
The 6486 Wells Farms Cove is a house located in the neighborhood of Wells Gate in Wells Gate, Memphis.
What is the average sales price for listings in 6486 Wells Farms Cove?
The average sales price for units in 6486 Wells Farms Cove is $349,900 currently.

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