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7000 Cannondale Cove

7000 Cannondale Cove, Memphis, TN 38119
Property in Shelby
Sold Apr 19, 2018
$140,000
$136,955 by Financial Federal Bank
Mortgage Due May 01, 2048
Sold Nov 01, 2017
$95,500
$123,881 by Bridge Capital Asset Funding L
Mortgage
Local assessors in Memphis, TN have categorized 7000 Cannondale Cove as a residential type of property. The home was built in 1980 and is 44 years old. The property's lot size has been calculated to be 11,700 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 900 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 6 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 7000 Cannondale Cove has a total of 1,393 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 510 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 both a unknown and a unknown so you'll have great options in both the front and back 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 - A. 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 and it is being fueled with gas. 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, 7000 Cannondale Cove sold most recently in Apr 17, 2018 for a total of $140,000. If you work out the math, that's approximately a cost of $73.57 per sqft. Before that, the property was also sold for $95,500 in Oct 3, 2017. 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 $2,158 in taxes each year. 7000 Cannondale Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $35,425. If we break it down further, the land itself was valued at $7,650. Improvements to the property, however, were assessed at a total of $27,775. 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. 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!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: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: A
  • 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
  • Garage Type: Attached
  • Garage Square Area: 510
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,700
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,903
  • Gross Building Area: 1,903
  • Building Area: 1,393
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,393
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCVAY PLACE SEC D
  • Land Acres: 0.269
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS CANNONDALE CV

Ownership

  • Current Owner : KENNEDY DUSTIN S
  • Previous Owner : SHELBY HOLDINGS LLC
  • Owner Before Previous Owner: WELLS FARGO BANK N A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021333

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 73-14
  • District: O
  • Parcel: 08-1072-0-0054
  • Lot: 116
  • Municipality: MEMPHIS
  • Latitude: 35.0697
  • Longitude: -89.83

    Address

  • Full Address: 7000 Cannondale Cv
  • Address - House Number: 7000
  • Address - Street Name: Cannondale
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C089
  • 4-Digit Zip Code: 8761
  • Zip Code: 38119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,158

    Appraisal Valuation

  • Standard Deviation: 0.2622
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 218,737
  • High Value: 276,097
  • Low Value: 161,378

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $136,955
  • First Open Lien Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Apr 19, 2018
  • First Open Lien Mortgage Loan Amount: $136,955
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2048

    Market Valuation

  • Market Total Value: $141,700
  • Market Land Value: $30,600
  • Market Improvement Value: $111,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,425
  • Assessed Land Value: $7,650
  • Assessed Improvements Value: $27,775

    Sales

  • Current Sale Contract Date: Apr 17, 2018
  • Current Sale Recording Date: Apr 19, 2018
  • Current Sale Transaction ID: 11449873645
  • Current Sale Price: $140,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18037810
  • Previous Sale Recording Date: Nov 01, 2017
  • Previous Sale Contract Date: Oct 03, 2017
  • Previous Sale Amount: $95,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Mortgage Transaction Date: Apr 19, 2018
  • First Mortgage Loan Amount: $136,955
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: BRIDGE CAPITAL ASSET FUNDING L
  • Previous Mortgage Transaction Date: Nov 01, 2017
  • Previous Mortgage Loan Amount: $123,881
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 7000 Cannondale Cove located in?
The 7000 Cannondale Cove is a located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 7000 Cannondale Cove?
The average sales price for units in 7000 Cannondale Cove is $0 currently.

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