NOT LISTED FOR SALE

387 Sherburne Cove Cordova, TN 38018

Estimated Value: $348,245 - $367,000

3 Beds
2.5 Baths
2,800-2,999 Sq Ft
$119/Sq Ft Est. Value

Last Sold May 29, 2013

Last sale price $122,500 $41 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $2,153/month

36 Days on Market

Highlights

  • Community Lake
  • Wooded Lot
  • Traditional Architecture
  • Deck
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of May 2013

Large traditional home on a beautiful cove lot in desireable Walnut grove Lake subdivision! Surrounded by natural beauty, a little TLC will make this your dream home!Large Master Suite with lux bath!Secluded office (down) could double as a 4th bedroom!

Last Agent to Sell the Property

M. Scott Bettis

Crye-Leike Commercial License #292696 Listed on: 02/25/2013

Crye-Leike Commercial

Last Buyer's Agent

Jessica Virden

KAIZEN Realty, LLC License #280896

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,258

Year Built

  • Built in 1998

Lot Details

  • 0.34 Acre Lot
  • Wooded Lot

HOA Fees

  • $14 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 2,800-2,999 Sq Ft Home
  • 2,868 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • 1 Fireplace
  • Separate Formal Living Room
  • Dining Room
  • Home Office
  • Play Room
  • Keeping Room
  • Eat-In Kitchen

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Walnut Grove Lake Sec F 1 Subdivision
  • Mandatory home owners association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 091100 00059

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,258

Year Built

Built in 1998

Lot Details

0

HOA Fees

$14 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: BAZEMORE
  • MLS Map #: 796E
  • MAAR Subdivision Name: WALNUT GROVE LAKE SEC F-1
  • Number Of Stories: 2
  • Price Per Sq Ft: 42.71
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2868
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, 1/2 Bath, Keeping/Hearth Room, Office
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Play Room/Rec Room
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Primary Up, Vaulted/Coffered Primary, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 2800-2999
  • Bedroom 2 Description: Level 2
  • Bedroom 3 Description: Level 2
  • Bedrooms: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen, Keeping/Hearth Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Double Sinks, Separate Shower, Vaulted/Coffered Ceiling
  • P R I M A R Y B E D R O O M: Level 2

Exterior Features

  • Misc Exterior: Storage Building, Deck
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 167
  • Neighborhood Amenities: Lake
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Wooded
  • Lot Number: 302
  • Acreage: 0.34
  • Lot Size: .341AC 90X165

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 091100 00059

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2013
Closed on
May 7, 2013
Sold by
U S Bank Na
Bought by
Tulip Poplar 2093 Llc
Seller's Agent
M. Scott Bettis
Crye-Leike Commercial
Buyer's Agent
Jessica Virden
KAIZEN Realty, LLC
List Price
$134,640
Sold Price
$122,500
Premium/Discount to List
-$12,140
-9.02%
Current Estimated Value
$358,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,561
Avg. Annual Appreciation
9.14%

Purchase Details

Closed on
Jan 29, 2013
Sold by
Neese David and Neese Misty
Bought by
Us Bank National Assn and Bank Of America National Assn

Purchase Details

Closed on
Dec 1, 2005
Sold by
Scillion Maxine
Bought by
Neese David

Purchase Details

Closed on
Oct 25, 2004
Sold by
Exley Richard T and Exley Elizabeth R
Bought by
Neese David and Neese Misty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 1998
Sold by
Smith Wayne P and Smith Gwynne R
Bought by
Exley Richard T and Exley Elizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,195
Interest Rate
6.95%
Mortgage Type
Construction
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 Buyer Sale Price Title Company
Tulip Poplar 2093 Llc $122,500 None Available
Us Bank National Assn $149,112 None Available
Neese David $33,800 --
Neese David $225,000 Southern Trust Title Company
Exley Richard T $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neese David $223,250
Previous Owner Exley Richard T $33,750
Previous Owner Exley Richard T $168,750
Previous Owner Exley Richard T $139,195
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2013 05/29/13 Sold $122,500 -9.0% $44 / Sq Ft
04/02/2013 04/02/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $134,640 -- $48 / 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 $2,258 $93,175 $16,250 $76,925
2024 $2,258 $66,600 $12,050 $54,550
2023 $4,057 $66,600 $12,050 $54,550
2022 $4,057 $66,600 $12,050 $54,550
2021 $4,105 $66,600 $12,050 $54,550
2020 $3,500 $48,300 $12,050 $36,250
2019 $3,500 $48,300 $12,050 $36,250
2018 $3,500 $48,300 $12,050 $36,250
2017 $1,985 $48,300 $12,050 $36,250
2016 $1,834 $41,975 $0 $0
2014 $1,834 $41,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M. Scott Bettis

    Seller's Agent in 2013

    M. Scott Bettis

    Crye-Leike

    (901) 403-8714

    4 in this area

    35 Total Sales

    M. Scott Bettis
    Section Image

  • J

    Buyer's Agent in 2013

    Jessica Virden

    KAIZEN Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3265954

Memphis Area Association of REALTORS®

APN: 09-1100-0-0059

Tennessee Shelby County Cordova 38018

387 Sherburne Cove, Cordova, TN

This home is located at 387 Sherburne Cove, Cordova, TN 38018 since 25 February 2013 and is currently estimated at $358,061, approximately $119 per square foot. This property was built in 1998. 387 Sherburne Cove is a home located in Shelby County with nearby schools including Cordova Elementary School, Cordova Middle School, and Cordova High School.

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