NOT LISTED FOR SALE

2730 New Well Cove Cordova, TN 38016

Gray's Creek Neighborhood

Estimated Value: $286,000 - $297,000

4 Beds
2 Baths
1,600-1,799 Sq Ft
$161/Sq Ft Est. Value

Last Sold August 22, 2023

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

Est. 2% decrease in value since last sale

Current estimated payment $1,770/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 Listed By

Matt Morgan

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

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,982

Year Built

  • Built in 2009

Lot Details

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

Home Design

  • Traditional Architecture
  • 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

Est. Annual Taxes

$1,982

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
  • MLS Map #: 794A
  • MAAR Subdivision Name: FRANKLIN FARMS PH5
  • Number Of Stories: 2
  • Price Per Sq Ft: 168.85
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1753
  • Year Built: 2009
  • List Price/ Sq Ft: 165
  • 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
  • Total Bathrooms: 2
  • 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
  • Price Per Acre: 1809375

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 096600 B00069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 22, 2023
Sold by
Mcelroy Ryan M
Bought by
Aljadi Mohamed
Seller's Agent
Matt Morgan
Crye-Leike, Inc., REALTORS
Buyer's Agent
Amy Alaina
Diamond Properties, Inc.
List Price
$289,500
Sold Price
$296,000
Premium/Discount to List
$6,500
2.25%
Total Days on Market
2
Views
164
Current Estimated Value
$289,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,423
Avg. Annual Appreciation
-1.28%
Original Mortgage
$222,000
Outstanding Balance
$218,619
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$70,958

Purchase Details

Closed on
Oct 2, 2009
Sold by
Regency Homebuilders Llc
Bought by
Mcelroy Ryan M

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

Range of Values:

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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
Aljadi Mohamed $296,000 Realty Title & Escrow
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 Aljadi Mohamed $222,000
Previous Owner Mcelroy Ryan M $146,300
Previous Owner Mcelroy Ryan M $144,066
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    3 in this area

    127 Total Sales

    Matt Morgan
    Section Image
  • Amy Alaina

    Buyer's Agent in 2023

    Amy Alaina

    Diamond Properties, Inc.

    (901) 820-4555

    3 in this area

    25 Total Sales

    Amy Alaina
    Section Image
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Map

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Source: Memphis Area Association of REALTORS®

MLS Number: 10152687

Memphis Area Association of REALTORS®

APN: 09-6600-B0-0069

Tennessee Shelby County Cordova 38016 Gray's Creek

2730 New Well Cove, Cordova, TN

Homes for Sale in Cordova, TN

This home is located at 2730 New Well Cove, Cordova, TN 38016 since 21 July 2023 and is currently estimated at $289,577, approximately $160 per square foot. This property was built in 2009. 2730 New Well Cove is a home located in Shelby County with nearby schools including Macon-Hall Elementary School, Mt. Pisgah Middle School, and Cordova High School.

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