NOT LISTED FOR SALE

3424 Spring Water Cove Memphis, TN 38128

Frayser Neighborhood

Estimated Value: $88,000 - $112,000

3 Beds
1.5 Baths
1,292 Sq Ft
$79/Sq Ft Est. Value

Last Sold June 22, 2012

Last sale price $23,500 $18 Per Sq Ft

Est. 337% increase in value since last sale

Current estimated payment $626/month

5 Days on Market

Highlights

  • 0.68 Acre Lot
  • Separate Formal Living Room
  • Tile Flooring
  • Traditional Architecture
  • Den
  • Central Heating and Cooling System

About This Home

As of June 2012

3bedrooms and 1 .5 bath home needs repairs but has potential.

Last Agent to Sell the Property

Vanessa Marshall

BenchMark REALTORS, LLC License #268298 Listed on: 05/25/2012

Last Buyer's Agent

Kathy Newsom

BenchMark REALTORS, LLC License #258525

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $600

Year Built

  • Built in 1972

Lot Details

  • 0.68 Acre Lot
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,292 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Den
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Spring Valley Blk B Subdivision
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Assessor Parcel Number 090002 00133

Home Details

Home Type

Single Family

Est. Annual Taxes

$600

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 731A
  • MAAR Subdivision Name: SPRING VALLEY BLK B
  • Corporate Own: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 18.19
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1292
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Den
  • Total Bathrooms: 1.1

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 204
  • Acreage: 0.68
  • Lot Size: 35/138.06 X 159.24+173.18/186.98

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 090002 00133

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2012
Closed on
Jun 6, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Moore Sandra
Seller's Agent
Vanessa Marshall
BenchMark REALTORS, LLC
Buyer's Agent
Kathy Newsom
BenchMark REALTORS, LLC
List Price
$24,900
Sold Price
$23,500
Premium/Discount to List
-$1,400
-5.62%
Total Days on Market
5
Current Estimated Value
$102,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,175
Avg. Annual Appreciation
12.05%

Purchase Details

Closed on
Sep 29, 2011
Sold by
Cotter Jeffrey L and Cotter Sandra M
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jun 27, 2007
Sold by
Tennessee Investment Properties
Bought by
Cotter Jeffrey L and Cotter Sandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,800
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2005
Sold by
Jones Chester B and Jones Marnetta D
Bought by
Tennessee Investment Properties
Source: Public Records

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Range of Values:

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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
Moore Sandra $23,500 Servicelink Hopewell Campus
Federal Home Loan Mortgage Corp $27,000 None Available
Cotter Jeffrey L $56,000 None Available
Tennessee Investment Properties $30,936 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cotter Jeffrey L $44,800
Previous Owner Jones Chester B $57,067
Previous Owner Jones Marnetta D $20,000
Previous Owner Jones Chester B $42,649
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2012 06/22/12 Sold $23,500 -5.6% $18 / Sq Ft
05/30/2012 05/30/12 Pending -- -- --
05/25/2012 05/25/12 For Sale $24,900 -- $19 / 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 $600 $25,175 $2,625 $22,550
2024 $600 $17,700 $2,400 $15,300
2023 $1,078 $17,700 $2,400 $15,300
2022 $1,078 $17,700 $2,400 $15,300
2021 $1,091 $17,700 $2,400 $15,300
2020 $917 $12,650 $2,400 $10,250
2019 $917 $12,650 $2,400 $10,250
2018 $917 $12,650 $2,400 $10,250
2017 $520 $12,650 $2,400 $10,250
2016 $535 $12,250 $0 $0
2014 $535 $12,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2012

    Vanessa Marshall

    BenchMark REALTORS, LLC

    (901) 461-8676

    1 in this area

    33 Total Sales

    Vanessa Marshall
    Section Image
  • Kathy Newsom

    Buyer's Agent in 2012

    Kathy Newsom

    BenchMark REALTORS, LLC

    (901) 337-6905

    3 in this area

    80 Total Sales

    Kathy Newsom
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3248312

Memphis Area Association of REALTORS®

APN: 09-0002-0-0133

Tennessee Shelby County Memphis 38128 Frayser

3424 Spring Water Cove, Memphis, TN

This home is located at 3424 Spring Water Cove, Memphis, TN 38128 since 25 May 2012 and is currently estimated at $102,675, approximately $79 per square foot. This property was built in 1972. 3424 Spring Water Cove is a home located in Shelby County with nearby schools including Keystone Elementary School, Raleigh Egypt High School, and Promise Academy - Spring Hill.

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