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7363 Cotton Grove Court

7363 Cotton Grove Court, Memphis, TN 38119
House in Shelby
Sold Dec 27, 2018
$212,500
$205,706 by Lakeview Loan Servicing Llc
Mortgage Due Oct 01, 2051
Sold Jul 24, 2018
$244,585
Local assessors in Memphis, TN have categorized 7363 Cotton Grove Court as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 13,834 square feet. The linear feet between the front and back of the lot was measured at 1,270 ft and the front of the lot was measured at 500 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 8 rooms in the home. Of these, 5 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 4 full bathrooms. There are also 4 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 7363 Cotton Grove Court has a total of 3,926 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 462 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 - D. Lots of a combination of material 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 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, 7363 Cotton Grove Court sold most recently in Oct 10, 2018 for a total of $212,500. If you work out the math, that's approximately a cost of $48.43 per sqft. Before that, the property was also sold for $244,585 in Nov 1, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,348 in taxes each year. 7363 Cotton Grove Court was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $71,375. If we break it down further, the land itself was valued at $16,775. Improvements to the property, however, were assessed at a total of $54,600. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Combination
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,834
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,388
  • Gross Building Area: 4,388
  • Building Area: 3,926
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,926
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COTTON PLANT GROVE
  • Land Acres: 0.318
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS COTTON CROVE COURT SEE MAP PQ-34 & 35 (TILE# 406)

Ownership

  • Current Owner : LOVE PATTERSON LATESHA
  • Current Owner 2: PATTERSON LLOYD
  • Previous Owner : US BANK NATIONAL ASSOCIATION
  • Owner Before Previous Owner: REISS TANIKA
  • Owner Before Previous Owner 2: REISS VICTOR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021334

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 217-024
  • District: O
  • Parcel: 08-1087-A0-0009
  • Lot: 9
  • Municipality: MEMPHIS
  • Latitude: 35.0605
  • Longitude: -89.818

    Address

  • Full Address: 7363 Cotton Grove Ct
  • Address - House Number: 7363
  • Address - Street Name: Cotton Grove
  • Address - Suffix Type: Ct
  • State: TN
  • City Name: Memphis
  • Carrier Code: C086
  • 4-Digit Zip Code: 8959
  • Zip Code: 38119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,348

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 345,868
  • High Value: 419,199
  • Low Value: 272,537

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $205,706
  • First Open Lien Mortgage Lender: LAKEVIEW LOAN SERVICING LLC
  • First Open Lien Mortgage Recording Date: Sep 14, 2021
  • First Open Lien Mortgage Loan Amount: $205,706
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $285,500
  • Market Land Value: $67,100
  • Market Improvement Value: $218,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,375
  • Assessed Land Value: $16,775
  • Assessed Improvements Value: $54,600

    Sales

  • Current Sale Contract Date: Oct 10, 2018
  • Current Sale Recording Date: Dec 27, 2018
  • Current Sale Transaction ID: 11546885071
  • Current Sale Price: $212,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 18131137
  • Previous Sale Recording Date: Jul 24, 2018
  • Previous Sale Contract Date: Nov 01, 2005
  • Previous Sale Amount: $244,585
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHWEST FUNDING LP
  • First Mortgage Transaction Date: Dec 27, 2018
  • First Mortgage Loan Amount: $208,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2049

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Frequently Asked Questions

What neighborhood is 7363 Cotton Grove Court located in?
The 7363 Cotton Grove Court is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 7363 Cotton Grove Court?
The average sales price for units in 7363 Cotton Grove Court is $0 currently.

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