NOT LISTED FOR SALE

5118 Hilo Dr Hernando, MS 38632

Lake Cormorant Neighborhood

Estimated Value: $234,043 - $257,000

3 Beds
2 Baths
1,800-1,999 Sq Ft
$124/Sq Ft Est. Value

Last Sold January 27, 2025

Current estimated payment $1,441/month

259 Days on Market

Highlights

  • Docks
  • Boat Slip
  • Waterfront
  • Lake Cormorant Elementary School Rated A-
  • Lake On Lot
  • Community Lake

About This Home

As of January 2025

Privately nestled into a tucked away cove in the lovely KoKo Reef Lake Community with breathtaking lake views. Enjoy the Tranquil, Quiet, Peaceful, Vacation Like setting this property has to offer. You'll fall in love with this 80 acre well managed Lake. Featuring multi-level decks, custom stone walkways, boat dock with electrical, water, fishing pier with a fish cleaning station and fenced dog run. 3 bedrooms and 2 full baths. Wood burning fireplace!

Last Listed By

Christy Savage

Burch Realty Group License #338412 Listed on: 12/05/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $453

Year Built

  • Built in 1977

Lot Details

  • Lot Dimensions are 65x247
  • Waterfront
  • Dog Run
  • Few Trees

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Split Level Home

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,850 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Blower Fan
  • Some Wood Windows
  • Dining Room
  • Den with Fireplace
  • Storage Room
  • Water Views
  • Walk-Out Basement
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom located in the basement
  • 2 Full Bathrooms

Home Security

  • Burglar Security System
  • Fire and Smoke Detector

Parking

  • Workshop in Garage
  • Driveway

Outdoor Features

  • Water Access
  • Boat Slip
  • Docks
  • Cove
  • Lake On Lot
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 3099310200004700

Community Details

Overview

  • Koko Reef Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • Recreation Facilities

Security

  • Building Fire Alarm

Home Details

Home Type

Single Family

Est. Annual Taxes

$453

Year Built

Built in 1977

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Split Level
  • Detached Unit Type: General Residential
  • MLS Map #: 291
  • MAAR Subdivision Name: Koko Reef
  • Number Of Stories: 2
  • Price Per Sq Ft: 137.84
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1850
  • Year Built: 1977
  • List Price/ Sq Ft: 162
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Fireplace: In Den/Great Room, Blower
  • Floors/Ceilings: Part Hardwood, Tile, Vinyl/Luxury Vinyl Floor
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Dining Room, Breakfast Bar, Pantry
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Basement

Exterior Features

  • Misc Exterior: Storage Building, Porch, Patio, Deck, Storage, Pet Area, Workshop, Boat Slip, Boat Dock
  • Exterior Windows: Wood/Composition
  • Foundation: Walk-Out Basement

Garage/Parking

  • Parking Storage: Driveway/Pad, Storage Room(s), Workshop(s)

Utilities

  • Cooling: Central
  • Heating: Central, Propane Gas
  • Security: Burglar Alarm, Fire Alarm, Smoke Detector(s)
  • Water Sewer: Public Water, Septic Tank

Association/Amenities

  • Annual Association Fee: 300
  • Condo Amenities: Lake/Pond on Property, Water Front, Water View
  • Neighborhood Amenities: Lake, Recreation Facilities
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Water Frontage, Water View, Water Access, Cove
  • Lot Number: 47
  • Lot Size: 65x247
  • Geo Subdivision: MS

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 3099310200004700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Sep 9, 2024
Sold by
Cunningham Wendy
Bought by
Hardin Jonathan B and Hardin Tamara C
Seller's Agent
Christy Savage
Burch Realty Group Hernando
Buyer's Agent
Dawn Meyers
Crye-Leike Of MS-OB
List Price
$329,000
Sold Price
$255,000
Premium/Discount to List
-$74,000
-22.49%
Total Days on Market
259
Views
315
Current Estimated Value
$248,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,489
Avg. Annual Appreciation
-3.89%
Original Mortgage
$250,381
Outstanding Balance
$248,692
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
-$181

Purchase Details

Listed on
Sep 22, 2015
Closed on
Jan 29, 2016
Sold by
Ballard Plez and Ballard Judy A
Bought by
Cunningham Wendy
Seller's Agent
Jessica Virden
Kaizen Realty
Buyer's Agent
Christy Savage
Burch Realty Group Hernando
List Price
$214,900
Sold Price
$205,500
Premium/Discount to List
-$9,400
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.54%

Purchase Details

Closed on
May 22, 2009
Sold by
Bearden Walter A
Bought by
Ballard Plez and Ballard Judy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.81%
Mortgage Type
Purchase Money Mortgage

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
Hardin Jonathan B -- Realty Title
Hardin Jonathan B -- Realty Title
Cunningham Wendy -- None Available
Ballard Plez -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardin Jonathan B $250,381
Closed Hardin Jonathan B $250,381
Previous Owner Ballard Plez $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2025 01/27/25 Sold -- -- --
08/20/2024 08/20/24 Pending -- -- --
08/07/2024 08/07/24 Price Changed $299,000 -9.1% $166 / Sq Ft
06/05/2024 06/05/24 Price Changed $329,000 -4.4% $183 / Sq Ft
12/31/2023 12/31/23 Price Changed $344,000 -1.7% $191 / Sq Ft
12/05/2023 12/05/23 For Sale $350,000 +62.9% $194 / Sq Ft
02/05/2016 02/05/16 Sold -- -- --
01/01/2016 01/01/16 Pending -- -- --
09/23/2015 09/23/15 For Sale $214,900 -- $119 / 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 $453 $7,535 $1,000 $6,535
2023 $453 $7,535 $0 $0
2022 $753 $7,535 $1,000 $6,535
2021 $753 $7,535 $1,000 $6,535
2020 $701 $7,012 $0 $0
2019 $701 $7,012 $1,000 $6,012
2017 $697 $12,846 $6,923 $5,923
2016 $697 $6,923 $1,000 $5,923
2015 $697 $12,846 $6,923 $5,923
2014 $1,018 $6,923 $0 $0
2013 $1,018 $6,923 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Christy Savage

    Burch Realty Group

    (901) 937-9972

    3 in this area

    70 Total Sales

    Christy Savage
    Section Image
  • Jessica Virden

    Seller's Agent in 2016

    Jessica Virden

    Kaizen Realty

    (901) 461-8511

    93 Total Sales

    Jessica Virden
    Section Image
See All Agents

Map

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Source: Memphis Area Association of REALTORS®

MLS Number: 10162069

Memphis Area Association of REALTORS®

APN: 3099310200004700

Mississippi DeSoto County Hernando 38632 Lake Cormorant

5118 Hilo Dr, Hernando, MS

Homes for Sale in Hernando, MS

This home is located at 5118 Hilo Dr, Hernando, MS 38632 since 05 December 2023 and is currently estimated at $248,511, approximately $124 per square foot. This property was built in 1977. 5118 Hilo Dr is a home located in DeSoto County with nearby schools including Lake Cormorant Elementary School, Horn Lake Intermediate School, and Horn Lake Middle School.

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