NOT LISTED FOR SALE

2730 New Well Cove Cordova, TN 38016

Gray's Creek Neighborhood

Estimated Value: $275,504 - $289,000

4 Beds
2 Baths
1,600-1,799 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $296,000 $165 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,650/month

2 Days on Market

Highlights

  • Updated Kitchen
  • Vaulted Ceiling
  • Wood Flooring
  • Den with Fireplace
  • Traditional Architecture
  • Main Floor Primary Bedroom

About This Home

As of August 2023

Welcome home to Franklin Farms! This open concept property showcases 3 bedrooms downstairs (split bedroom plan), 1 bedroom upstairs (or BONUS Room), and 2 full bathrooms. This charming property's main living area seamlessly connects the living room, eat-in area, and kitchen. Natural light floods the room through large windows, letting all the good vibes flow! The huge backyard boasts covered patio w/ gas FP, wood fenced, & Fun Fort! Minutes away from the Lake District, I-40, and more!

Last Agent to Sell the Property

Matt Morgan

Crye-Leike, Inc., REALTORS License #331273 Listed on: 07/21/2023

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Amy Alaina

Diamond Properties, Inc. License #291756

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2009

Lot Details

  • 6,970 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,753 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Gas Log Fireplace
  • Some Wood Windows
  • Entrance Foyer
  • Great Room
  • Den with Fireplace
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Cove
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Franklin Farms Pd Pt Of Area D Phase 5 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 096600 B00069

Home Details

Home Type

Single Family

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: New Well Terr
  • MAAR Subdivision Name: FRANKLIN FARMS PH5
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1753
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room
  • Second Story Floor Plan: 4th or More Bedrooms
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, Split Bedroom Plan, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Smooth Ceiling
  • Bedroom 3 Description: Level 1, Smooth Ceiling
  • Bedroom 4 Description: Level 2
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Fireplace: Prefabricated, Ventless Gas Fireplace, In Den/Great Room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Cooktop, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired
  • Living Dining Kitchen: Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen, Washer/Dryer Connections
  • Misc Interior: Walk-In Attic, Smoke Detector(s)
  • Other Rooms: Laundry Closet, Entry Hall, Attic
  • Primary Bathroom Description: Double Sinks, Smooth Ceiling, Separate Shower, Tile Floor, Whirlpool Tub
  • P R I M A R Y B E D R O O M: Full Bath, Level 1, Smooth Ceiling

Exterior Features

  • Misc Exterior: Covered Patio, Wood Fence
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Ceiling Fan(s), Central
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Sewer, Public Water

Lot Info

  • Lot Description: Some Trees, Cove, Landscaped, Wood Fenced
  • Lot Number: 431
  • Acreage: 0.16
  • Lot Size: 53.77 X 104.81 IRR

Tax Info

  • Assessor Parcel Number: 096600 B00069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2009
Sold by
Regency Homebuilders Llc
Bought by
Mcelroy Ryan M
Current Estimated Value
$282,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,066
Interest Rate
5.05%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 2009
Sold by
Nrv Rw1 Llc
Bought by
Regency Homebuilders Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcelroy Ryan M $146,725 None Available
Regency Homebuilders Llc $15,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelroy Ryan M $146,300
Closed Mcelroy Ryan M $144,066
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2023 08/22/23 Sold $296,000 +2.2% $185 / Sq Ft
07/21/2023 07/21/23 For Sale $289,500 -- $181 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,982 $73,325 $13,250 $60,075
2024 $1,982 $58,475 $8,750 $49,725
2023 $3,562 $58,475 $8,750 $49,725
2022 $3,562 $58,475 $8,750 $49,725
2021 $3,604 $58,475 $8,750 $49,725
2020 $2,900 $40,025 $8,750 $31,275
2019 $2,900 $40,025 $8,750 $31,275
2018 $2,900 $40,025 $8,750 $31,275
2017 $1,645 $40,025 $8,750 $31,275
2016 $1,507 $34,475 $0 $0
2014 $1,507 $34,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Morgan

    Seller's Agent in 2023

    Matt Morgan

    Crye-Leike

    (901) 605-1071

    2 in this area

    124 Total Sales

    Matt Morgan
    Section Image
  • Amy Alaina

    Buyer's Agent in 2023

    Amy Alaina

    Diamond Properties, Inc.

    (901) 820-4555

    4 in this area

    26 Total Sales

    Amy Alaina
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10152687

Memphis Area Association of REALTORS®

APN: 09-6600-B0-0069

Tennessee Shelby County Memphis 38016 Gray's Creek

2730 New Well Cove, Memphis, TN

Not Listed for Sale

Detached

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