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7413 Lost Trail Drive

7413 Lost Trail Drive, Cordova, TN 38016
Property in Shelby
Sold Aug 27, 2015
$150,000
$147,283 by Mortgage Investors Group Inc
Mortgage Due Sep 01, 2045
Sold Sep 10, 2008
$158,200
$148,200 by Community Mortgage Corp
Mortgage Due Oct 01, 2038
Local assessors in Cordova, TN have categorized 7413 Lost Trail Drive as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 4,520 square feet. 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 7413 Lost Trail Drive has a total of 1,483 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 447 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. 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 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 Aug 27, 2015 for $150,000. That's $77.72 per sqft. Prior to that sales transaction, the property was also sold in Sep 4, 2008 for $158,200. 7413 Lost Trail Drive was last assessed in 2022. The total value of the property was assessed at $56,375. Specifically, the land the property is located on was valued at $8,750. While improvements on the property were assessed at a total of $47,625. 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 $1,911. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: D
  • 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: 447
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,520
  • Total Building Area: 1,930
  • Gross Building Area: 1,930
  • Building Area: 1,483
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,483
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOST CREEK PD
  • Land Acres: 0.104
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: SS LOST TRAIL DRIVE (PD) SEE MAP GRID# 127 C

Ownership

  • Current Owner : SMOTHERS VALERIE M
  • Previous Owner : TRICE WILLIAM M
  • Previous Owner 2: TRICE BETTY S
  • Owner Before Previous Owner: COMPASS POINTE HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021124

Zoning

  • Zoning: CA

Geography

  • Assessors Map Reference: MB 283-027
  • District: S
  • Parcel: D0-208E-I0-0016
  • Lot: 16
  • Municipality: SHELBY COUNTY
  • Latitude: 35.1653
  • Longitude: -89.8159

    Address

  • Full Address: 7413 Lost Trail Dr
  • Address - House Number: 7413
  • Address - Street Name: Lost Trail
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Cordova
  • Carrier Code: R033
  • 4-Digit Zip Code: 4981
  • Zip Code: 38016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,911

    Appraisal Valuation

  • Standard Deviation: 0.2067
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 297,955
  • High Value: 359,555
  • Low Value: 236,355

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $152,466
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Aug 27, 2015
  • First Open Lien Mortgage Loan Amount: $147,283
  • 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: Sep 01, 2045
  • Second Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • Second Open Lien Mortgage Recording Date: Dec 14, 2020
  • Second Open Lien Mortgage Loan Amount: $5,183
  • Second Open Lien Mortgage Term: 296
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2045

    Market Valuation

  • Market Total Value: $225,500
  • Market Land Value: $35,000
  • Market Improvement Value: $190,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,375
  • Assessed Land Value: $8,750
  • Assessed Improvements Value: $47,625

    Sales

  • Current Sale Contract Date: Aug 27, 2015
  • Current Sale Recording Date: Aug 27, 2015
  • Current Sale Transaction ID: 1308836381
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 15086496
  • Previous Sale Recording Date: Sep 10, 2008
  • Previous Sale Contract Date: Sep 04, 2008
  • Previous Sale Amount: $158,200
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Aug 27, 2015
  • First Mortgage Loan Amount: $147,283
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Sep 10, 2008
  • Previous Mortgage Loan Amount: $148,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2038

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Frequently Asked Questions

What neighborhood is 7413 Lost Trail Drive located in?
The 7413 Lost Trail Drive is a located in the neighborhood of Shelby in Memphis, Cordova.
What is the average sales price for listings in 7413 Lost Trail Drive?
The average sales price for units in 7413 Lost Trail Drive is $0 currently.

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