$350,000
SOLD OCT 15, 2024

3023 Gainsborough Cove Lakeland, TN 38002

Lakeland Neighborhood
4 Beds
3 Baths
2,200-2,399 Sq Ft
0.31 Acres

Recently Sold

$146 Per Sq Ft

6% Above List Price

4 Days on Market

Highlights

  • Updated Kitchen
  • Two Primary Bathrooms
  • Vaulted Ceiling
  • Lakeland Elementary School Rated A
  • Deck
  • Traditional Architecture

About This Home

As of October 2024

This lovely custom built home is move in ready. Nestled in a quiet cove in the Lakeland community and the newly developed Lake District. This home is special with its unique, large open concept kitchen with wood plank porcelain floors. Large living room with vaulted ceilings and a gorgeous sunroom leaves tons of space for entertainment. 4 bedroom 3 full bathrooms and a brand new deck to enjoy. AC/heat updated in 2022. Highly sought after Lakeland schools. Come see your new family home!

Last Agent to Sell the Property

Jennifer Warmack

Morris Realty & Auction, LLC License #297328 Listed on: 09/12/2024

Last Buyer's Agent

Sonja Harris

Regency Realty, LLC License #372263

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,028

Year Built

  • Built in 1979

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 50x155
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,320 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Vaulted Ceiling
  • Skylights
  • Fireplace Features Masonry
  • Great Room
  • Den with Fireplace
  • Sun or Florida Room
  • Storage Room
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Cove
  • Deck

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number L0159D C00025

Community Details

Overview

  • Stonebridge Section B Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,028

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 833A
  • MAAR Subdivision Name: STONEBRIDGE SEC B
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 150.86
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2320
  • Year Built: 1979
  • List Price/ Sq Ft: 142
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Sun Room
  • Second Story Floor Plan: 4th or More Bedrooms, 1 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, 2 Full Primary Baths
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Private Full Bath, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Den/Great Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, Vaulted/Coff/Tray Ceiling
  • Full Bathrooms: 3
  • Equipment: Self Cleaning Oven, Cooktop, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen, Washer/Dryer Connections, W/D Connection in Kitchen
  • Misc Interior: Wet Bar, Walk-In Closet(s), Pull Down Attic Stairs, Sky Light(s), Cat/Dog Free House, Smoke Detector(s), Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Sun Room, Attic, Storage Room
  • Total Bathrooms: 3
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Vaulted/Coffered Ceiling, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Deck
  • Exterior Windows: Vinyl Siding
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 2
  • Parking Display: 2A
  • Parking Storage: Driveway/Pad, Storage Room(s), Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central
  • Security: Smoke Detector(s), Dead Bolt Lock(s)
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Cove, Landscaped
  • Lot Number: 76
  • Acreage: 0.31
  • Lot Size: 50X155
  • Price Per Acre: 1064516
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 11

Tax Info

  • Assessor Parcel Number: L0159D C00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 15, 2024
Sold by
Keith Joshua B
Bought by
Spriggs Denin M and Spriggs Taylor M
Seller's Agent
Jennifer Warmack
Morris Realty & Auction, LLC
Buyer's Agent
Sonja Harris
Regency Realty, LLC
List Price
$330,000
Sold Price
$350,000
Premium/Discount to List
$20,000
6.06%
Views
22
Current Estimated Value
$341,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,561
Avg. Annual Appreciation
-4.25%
Original Mortgage
$357,525
Outstanding Balance
$355,158
Interest Rate
6.35%
Mortgage Type
VA
Estimated Equity
-$17,417

Purchase Details

Listed on
Mar 16, 2019
Closed on
Apr 24, 2019
Sold by
Steffens Michael T and Steffens Megan D
Bought by
Keith Joshua B
Seller's Agent
Patty Everitt
Coldwell Banker Collins-Maury
Buyer's Agent
Karen Walker
Karen Walker Realty Group, LLC
List Price
$239,900
Sold Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%
Original Mortgage
$239,900
Interest Rate
4.3%
Mortgage Type
VA

Purchase Details

Listed on
Sep 1, 2017
Closed on
Oct 6, 2017
Sold by
Vanaman Michael B
Bought by
Steffens Michael T and Steffens Megan D
Seller's Agent
Julianne Carney
Keller Williams
Buyer's Agent
Patty Everitt
Coldwell Banker Collins-Maury
List Price
$220,000
Sold Price
$220,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$224,730
Interest Rate
3.78%
Mortgage Type
VA

Purchase Details

Listed on
Apr 4, 2015
Closed on
Jan 28, 2016
Sold by
Hayes Vickie D
Bought by
Vanaman Michael B
Seller's Agent
Tara Winding
Proverbs Realty LLC
Buyer's Agent
Barbara Bond
Keller Williams Realty
List Price
$165,000
Sold Price
$120,000
Premium/Discount to List
-$45,000
-27.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.67%
Original Mortgage
$100,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2006
Sold by
Ivy Autrey Obey
Bought by
Hayes Vickie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,400
Interest Rate
6.74%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 13, 2003
Sold by
Ivy Marguerite Ilene Scott
Bought by
Ivy Autrey Obey
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $350,000 None Listed On Document
Warranty Deed $239,900 Edco Ttl & Closing Svcs Inc
Warranty Deed $220,000 Edco Title & Closing Svcs In
Warranty Deed $120,000 Southern Trust Title Co
Warranty Deed $182,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $357,525 VA
Previous Owner $238,460 VA
Previous Owner $239,900 VA
Previous Owner $224,730 VA
Previous Owner $42,000 Credit Line Revolving
Previous Owner $81,800 New Conventional
Previous Owner $100,000 New Conventional
Previous Owner $36,400 Stand Alone Second
Previous Owner $145,600 Purchase Money Mortgage
Previous Owner $51,408 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $350,000 +6.1% $159 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $330,000 +37.6% $150 / Sq Ft
04/24/2019 04/24/19 Sold $239,900 0.0% $109 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/16/2019 03/16/19 For Sale $239,900 +9.0% $109 / Sq Ft
10/23/2017 10/23/17 Sold $220,000 0.0% $100 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $220,000 +83.3% $100 / Sq Ft
01/28/2016 01/28/16 Sold $120,000 -27.3% $55 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
04/04/2015 04/04/15 For Sale $165,000 -- $75 / 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 $2,028 $89,000 $13,500 $75,500
2024 $2,028 $59,825 $9,750 $50,075
2023 $2,028 $59,825 $9,750 $50,075
2022 $2,028 $59,825 $9,750 $50,075
2021 $3,171 $59,825 $9,750 $50,075
2020 $1,820 $44,950 $8,775 $36,175
2019 $2,382 $44,950 $8,775 $36,175
2018 $1,820 $44,950 $8,775 $36,175
2017 $2,409 $44,950 $8,775 $36,175
2016 $2,263 $39,225 $0 $0
2014 $1,714 $39,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10181140

Memphis Area Association of REALTORS®

APN: L0-159D-C0-0025