NOT LISTED FOR SALE

5517 Heritage Lake Cove Memphis, TN 38109

Whitehaven Neighborhood

Estimated Value: $305,000 - $345,000

4 Beds
2.5 Baths
3,200-3,399 Sq Ft
$94/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $225,000 $66 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,929/month

37 Days on Market

Highlights

  • Landscaped Professionally
  • Wood Flooring
  • Soft Contemporary Architecture
  • Vaulted Ceiling
  • Main Floor Primary Bedroom
  • Loft

About This Home

As of November 2020

You're going to LOVE the floor plan and space of this home! 4 BR 2.5 Baths, Dedicated Office / Study RM. Formal Dining Rm. The huge Den/Great Room has soaring ceilings and opens up to the spacious kitchen. Over 250 Sq Ft, the huge Master Bedroom is located on the 1st floor, while the the 2nd level floor-plan features 3 Additional BR's, full bathroom and a huge bonus room. Located in a quiet cove you're going to love this home!

Last Agent to Sell the Property

John Cornes

Braden, Braden & Braden LLC License #303183 Listed on: 10/13/2020

Last Buyer's Agent

Andrea Byrd

BenchMark REALTORS, LLC License #346369

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,069

Year Built

  • Built in 2008

Lot Details

  • 0.28 Acre Lot
  • Wood Fence
  • Landscaped Professionally
  • Level Lot

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Soft Contemporary Architecture
  • Composition Shingle Roof

Interior Spaces

  • 3,200-3,399 Sq Ft Home
  • 3,214 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Great Room
  • Combination Dining and Living Room
  • Den with Fireplace
  • Loft
  • Bonus Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Double Vanity

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Front Facing Garage

Outdoor Features

  • Cove
  • Patio

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Southern Heights Ph4 Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 076145 F00025

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,069

Year Built

Built in 2008

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Soft Contemporary
  • Detached Unit Type: General Residential
  • MLS Map #: 766B
  • MAAR Subdivision Name: SOUTHERN HEIGHTS PH4
  • List Price Per Sq Ft: 82
  • Number Of Stories: 2
  • Price Per Sq Ft: 70.01
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3214
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, Laundry Room, Office
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Master Down, Vaulted/Coffered Master, Luxury Master Bath, Double Vanity Bath
  • Estimated Heated Sq Ft Range: 3200-3399
  • Bedroom 2 Description: Level 2, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 2, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Smooth Ceiling, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 1
  • Fireplace: Vented Gas Fireplace, In Den/Great Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Cooktop, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Available
  • Living Dining Kitchen: Separate Dining Room, Great Room, LR/DR Combination, Eat-In Kitchen, Breakfast Bar, Pantry
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Smooth Ceiling, Tile Floor
  • Master Bedroom: Level 1
  • Master Bedroom Dimensions: 18X14
  • Misc Interior: Security System, Smoke Detector(s), Monitored Alarm
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet, Office/Sewing Room, Loft/Balcony
  • Total Bathrooms: 2.1

Exterior Features

  • Misc Exterior: Patio, Wood Fence
  • Exterior Windows: Brick Veneer, Storm Door(s)
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Security: Burglar Alarm, Monitored Alarm System
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Annual Association Fee: 120
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Cove, Landscaped, Professionally Landscaped, Wood Fenced
  • Lot Number: 82
  • Acreage: 0.28
  • Lot Size: 79.46 X 170 IRR
  • Price Per Acre: 946429

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 076145 F00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Nov 24, 2020
Sold by
Saleem Zayid and Porter Saleem Keevia
Bought by
Mitchell Terrance and Mitchell Makesha
Seller's Agent
John Cornes
Braden, Braden & Braden LLC
Buyer's Agent
Andrea Byrd
BenchMark REALTORS, LLC
List Price
$265,000
Sold Price
$225,000
Premium/Discount to List
-$40,000
-15.09%
Current Estimated Value
$320,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,685
Avg. Annual Appreciation
8.49%
Original Mortgage
$230,175
Outstanding Balance
$206,684
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$124,950

Purchase Details

Closed on
Aug 6, 2008
Sold by
Faxongillis Homes Inc
Bought by
Saleem Zayid and Porter Keevia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,570
Interest Rate
6.31%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 6, 2006
Sold by
Beazer Homes Corp
Bought by
Faxongillis Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.67%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Mitchell Terrance $225,000 Edco Title & Closing Svc Inc
Saleem Zayid $244,900 Mid South Title Services Llc
Faxongillis Homes Inc $70,000 Fidelity Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Terrance $230,175
Closed Mitchell Terrance $136,500
Previous Owner Saleem Zayid $221,848
Previous Owner Saleem Zayid $218,570
Previous Owner Faxongillis Homes Inc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $225,000 -15.1% $70 / Sq Ft
10/13/2020 10/13/20 For Sale $265,000 -- $83 / 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 $2,069 $76,675 $8,500 $68,175
2024 $2,069 $61,025 $7,500 $53,525
2023 $3,717 $61,025 $7,500 $53,525
2022 $3,717 $61,025 $7,500 $53,525
2021 $2,105 $61,025 $7,500 $53,525
2020 $3,857 $53,225 $6,125 $47,100
2019 $1,701 $53,225 $6,125 $47,100
2018 $1,701 $53,225 $6,125 $47,100
2017 $1,741 $53,225 $6,125 $47,100
2016 $2,166 $49,575 $0 $0
2014 $2,166 $49,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Cornes

    Seller's Agent in 2020

    John Cornes

    Braden, Braden & Braden LLC

    (901) 268-8333

    4 in this area

    75 Total Sales

    John Cornes
    Section Image

  • A

    Buyer's Agent in 2020

    Andrea Byrd

    BenchMark REALTORS, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10086838

Memphis Area Association of REALTORS®

APN: 07-6145-F0-0025

Tennessee Shelby County Memphis 38109 Whitehaven

5517 Heritage Lake Cove, Memphis, TN

This home is located at 5517 Heritage Lake Cove, Memphis, TN 38109 since 13 October 2020 and is currently estimated at $320,685, approximately $94 per square foot. This property was built in 2008. 5517 Heritage Lake Cove is a home located in Shelby County with nearby schools including Geeter School, Freedom Preparatory Academy - Flagship Middle School, and Fairley High School.

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