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7420 Iris Cove

7420 Iris Cove, Memphis, TN 38125
Property in Pinnacle Point
Sold Jan 07, 2022
$285,000
$279,837 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2052
Sold Oct 24, 2016
$199,900
$204,197 by Independence Bank
Mortgage Due Nov 01, 2046
7420 Iris Cove has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1987 and is 37 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7420 Iris Cove has 4,483 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 370 ft. The area measurement of the land has been determined as 22,313 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 471 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Dec 17, 2021 for $285,000. That's $57.53 per sqft. Prior to that sales transaction, the property was also sold in Oct 19, 2016 for $199,900. 7420 Iris Cove was last assessed in 2022. The total value of the property was assessed at $71,125. Specifically, the land the property is located on was valued at $7,900. While improvements on the property were assessed at a total of $63,225. 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 $2,411. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Parking

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

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 471
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 22,313
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 370
  • Total Building Area: 4,954
  • Gross Building Area: 4,954
  • Building Area: 4,483
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,483
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOLLY KNOLL THE VILLAGE OF PUD
  • Land Acres: 0.512
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS IRIS CV SEE MAP D2-55QA

Ownership

  • Current Owner : TUCKER CRAIG E
  • Previous Owner : AJANAKU JAMILA ABEO
  • Owner Before Previous Owner: GP MEMPHIS CASHFLOW
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021751

Zoning

  • Zoning: CA

Geography

  • Assessors Map Reference: MB 105-48
  • District: S
  • Parcel: D0-255Q-A0-0025
  • Lot: PT25
  • Municipality: SHELBY COUNTY
  • Latitude: 35.0105
  • Longitude: -89.8158

    Address

  • Full Address: 7420 Iris Cv
  • Address - House Number: 7420
  • Address - Street Name: Iris
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: R031
  • 4-Digit Zip Code: 3819
  • Zip Code: 38125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,411

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 369,543
  • High Value: 458,651
  • Low Value: 280,436

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $279,837
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jan 07, 2022
  • First Open Lien Mortgage Loan Amount: $279,837
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $284,500
  • Market Land Value: $31,600
  • Market Improvement Value: $252,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,125
  • Assessed Land Value: $7,900
  • Assessed Improvements Value: $63,225

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Jan 07, 2022
  • Current Sale Transaction ID: 11876354741
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 22002630
  • Previous Sale Recording Date: Oct 24, 2016
  • Previous Sale Contract Date: Oct 19, 2016
  • Previous Sale Amount: $199,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jan 07, 2022
  • First Mortgage Loan Amount: $279,837
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: INDEPENDENCE BANK
  • Previous Mortgage Transaction Date: Oct 24, 2016
  • Previous Mortgage Loan Amount: $204,197
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About Pinnacle Point



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Frequently Asked Questions

What neighborhood is 7420 Iris Cove located in?
The 7420 Iris Cove is a located in the neighborhood of Pinnacle Point in Pinnacle Point, Memphis.
What is the average sales price for listings in 7420 Iris Cove?
The average sales price for units in 7420 Iris Cove is $0 currently.

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