NOT LISTED FOR SALE

499 Ivy Falls Cove Eads, TN 38028

Gray's Creek Neighborhood

Estimated Value: $94,179

2.52 Acres
$37,373 Price per Acre
109,771 Sq Ft Lot

Last Sold December 20, 2021

Last sale price $150,000

Est. 37% decrease in value since last sale

Current estimated payment $594/month

509 Days on Market

Highlights

  • 2.52 Acre Lot
  • Wooded Lot
  • Lot Has A Rolling Slope

About This Lot

As of December 2021

Life is simpler, eggs and taxes are cheaper, and the air is fresher in the gated wooded community of Falling Creek. The builder closing out his last few estate lots at yesterdays prices is a great opportunity to build your dream home and save some money. Most lots are wooded with ideal spots for a building site. Prices in newer estate lot subdivisions will be much much higher. Strict adherence to Covenants, Conditions, & restrictions. Chose your own builder but requires Developer approval.

Last Agent to Sell the Property

Judy McLellan

Crye-Leike, Inc., REALTORS License #16362 Listed on: 06/17/2020

Crye-Leike, Inc., REALTORS

Co-Listed By

Mickey McLellan

Crye-Leike, Inc., REALTORS License #202427

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Property Details

Property Type

  • Land

Lot Details

  • 2.52 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Natural Drainage

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number D0222K A00002

Community Details

Overview

  • Falling Creek Pd Phase 3 Subdivision

Recreation

  • Cove

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Cross Street: Raleigh Lagrange
  • Location: Cove, Subdivision
  • MAAR Subdivision Name: FALLING CREEK
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Public Water, Electricity, Septic Tank, Natural Gas

Association/Amenities

  • Uses Of Adjacent Area: Residential

Lot Info

  • Lot Number: 2
  • Acreage: 2.52
  • Lot Size: 109.21 X 132.50 (IRR)
  • Zoning: RES
  • Present Usage: None/Vacant
  • Shape: Regular
  • Topographic Feature: Rolling, Wooded, Natural Drainage
  • Zoning Of Adjacent Area: Single Family

Tax Info

  • Assessor Parcel Number: D0222K A00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2016
Closed on
May 4, 2021
Sold by
Smith Jeffery J and Smith Delindia
Bought by
Wright John A
Seller's Agent
John Criswell
Crye-Leike, Inc., REALTORS
Buyer's Agent
Melanie Powell
Groome & Co.
List Price
$159,000
Sold Price
$76,000
Premium/Discount to List
-$83,000
-52.2%
Current Estimated Value
$94,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,179

Purchase Details

Closed on
Mar 28, 2011
Sold by
Wilcraft Corp
Bought by
Smith Jeffery J and Smith Delindia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2004
Sold by
Germantown Homebuilders Inc
Bought by
Wilcraft Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Wright John A $76,000 Realty Title & Escrow Co Inc
Smith Jeffery J $100,000 None Available
Wilcraft Corp $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Jeffery J $85,000
Previous Owner Wilcraft Corp $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2021 12/20/21 Sold $150,000 +97.4% --
11/08/2021 11/08/21 Pending -- -- --
05/04/2021 05/04/21 Sold $76,000 +1.3% -- View Prior Sale
04/07/2021 04/07/21 Price Changed $75,000 -50.0% --
06/17/2020 06/17/20 For Sale $150,000 +51.9% --
07/12/2019 07/12/19 Price Changed $98,765 -37.9% --
03/15/2016 03/15/16 For Sale $159,000 -- --
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 $1,271 $70,650 $70,650 --
2024 $1,271 $37,500 $37,500 --
2023 $1,271 $37,500 $37,500 $0
2022 $1,271 $37,500 $37,500 $0
2021 $2,861 $70,650 $70,650 $0
2020 $2,025 $50,000 $50,000 $0
2019 $2,025 $50,000 $50,000 $0
2018 $2,025 $50,000 $50,000 $0
2017 $2,055 $50,000 $50,000 $0
2016 $1,639 $37,500 $0 $0
2014 $1,639 $37,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Judy McLellan

    Seller's Agent in 2021

    Judy McLellan

    Crye-Leike, Inc., REALTORS

    (901) 277-5839

    26 in this area

    354 Total Sales

    Judy McLellan
    Section Image
  • John Criswell

    Seller's Agent in 2021

    John Criswell

    Crye-Leike

    (901) 553-7649

    4 in this area

    142 Total Sales

    John Criswell
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Mickey McLellan

    Crye-Leike, Inc., REALTORS

    (901) 277-5840

    22 in this area

    230 Total Sales

    Mickey McLellan
    Section Image
  • Lauren Criswell

    Seller Co-Listing Agent in 2021

    Lauren Criswell

    Crye-Leike

    (901) 553-7647

    4 in this area

    135 Total Sales

    Lauren Criswell
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • M

    Buyer's Agent in 2021

    Melanie Powell

    Groome & Co.

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10078847

Memphis Area Association of REALTORS®

APN: D0-222K-A0-0001

Tennessee Shelby County Eads 38028 Gray's Creek

499 Ivy Falls Cove, Eads, TN

Not Listed for Sale

Lots

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