NOT LISTED FOR SALE

5828 Merchants Cove Hernando, MS 38632

Estimated Value: $569,000

4.3 Acres
$132,326 Price per Acre
187,308 Sq Ft Lot

Last Sold December 03, 2021

Current estimated payment $3,182/month

117 Days on Market

Highlights

  • Lake Front
  • 4.3 Acre Lot
  • Lot Has A Rolling Slope
  • Oak Grove Central Elementary School Rated A-
  • Lake Privileges

About This Lot

As of December 2021

Come see these two beautiful lots in the luxurious Gray's Creek! With a little over 4 acres, you can choose to build closer to the main road and have the backyard of your dreams or build close to the water frontage for a beautiful view. There are mature trees on both lots. Neighborhood covenants will protect your investment in this gated community. AT&T Fiber internet is available. Hurry, you don't want to miss the opportunity to own the last remaining lot on the largest lake in the neighborhood! This listing is for two separate lots/parcels being sold together.

Last Agent to Sell the Property

Debra Dye

Dream Maker Realty License #22201 Listed on: 07/05/2021

Last Buyer's Agent

Tracy Kirkley

Crye-Leike Of MS-OB License #B-18348

Crye-Leike Of MS-OB

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $637

Lot Details

  • 4.3 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope

HOA Fees

  • $83 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Hernando Elementary And Middle School
  • Hernando High School

Utilities

  • Propane
  • Private Water Source
  • Well

Listing and Financial Details

  • Assessor Parcel Number 307833010 0001900

Community Details

Overview

  • Gray's Creek Subdivision

Recreation

  • Access To Lake
  • Lake Privileges

Property Details

Property Type

Land

Est. Annual Taxes

$637

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Sub Type: Single Family Residence Lot
  • Prop. Type: Land
  • Road Surface Type: Paved
  • Lot Size Acres: 4.3
  • Subdivision Name: Gray's Creek
  • Directions: From I69 go South on Getwell Road approximately 6.5 miles. Subdivision will be on the right.
  • New Construction: No
  • General Property Information:New Construction: No
  • Special Features: None

Exterior Features

  • Disclosures: None
  • Lot Features: Rolling Slope
  • Waterfront Features: Lake, Lake Front, View, Waterfront, Lake Privileges
  • Waterfront: Yes
  • Waterfront Features:View: Yes
  • Waterfront Features:Waterfront2: Yes
  • Waterfront Features:Lake2: Yes
  • Lot Features:Rolling Slope: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Lake Privileges: Yes

Utilities

  • Sewer: Waste Treatment Plant
  • Utilities: Electricity Available, Propane Available, Water Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Tax and Financial Information:Association: Yes
  • Tax and Financial Information:Association Fee: 1000.0
  • Tax and Financial Information:Association Fee Frequency: Annually

Schools

  • Elementary School: Hernando
  • High School: Hernando
  • Middle Or Junior School: Hernando

Lot Info

  • Current Use: Residential, Subdivision
  • Parcel #: 307833010 0001900
  • Lot Size Sq Ft: 187308.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 636.86
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2021
Closed on
Nov 24, 2021
Sold by
Hendrix Anthony S and Hendrix Belinda C
Bought by
Sugg Philip A and Baker Ashley D
Seller's Agent
Debra Dye
Dream Maker Realty
Buyer's Agent
Tracy Kirkley
Crye-Leike Of MS-OB
List Price
$214,000
Current Estimated Value
$569,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Outstanding Balance
$56,842
Interest Rate
2.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 19, 2019
Closed on
Aug 29, 2019
Sold by
Gray S Creek Development Llc
Bought by
Hendrix Anthony S and Hendrix Belinda C
Seller's Agent
Donnie Chambliss
Crye-Leike Of MS-SH
Buyer's Agent
DONNIE CHAMBLISS
Crye-Leike Of MS-OB
List Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.67%
Original Mortgage
$55,250
Interest Rate
3.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Sugg Philip A -- Guardian Title Llc
Hendrix Anthony S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sugg Philip A $70,400
Previous Owner Hendrix Anthony S $55,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold -- -- --
10/31/2021 10/31/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $214,000 +229.2% --
09/19/2019 09/19/19 For Sale $65,000 -- --
09/16/2019 09/16/19 Sold -- -- --
09/16/2019 09/16/19 Pending -- -- --
Source: MLS United

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 $985 $9,750 $9,750 $0
2023 $985 $9,750 $0 $0
2022 $985 $9,750 $9,750 $0
2021 $985 $9,750 $9,750 $0
2020 $985 $9,750 $0 $0
2019 $738 $7,313 $7,313 $0
2017 $744 $7,313 $7,313 $0
2016 $744 $7,313 $7,313 $0
2015 $744 $7,313 $7,313 $0
2014 $744 $7,313 $0 $0
2013 $858 $8,438 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Debra Dye

    Dream Maker Realty

    (901) 239-6041

    7 in this area

    73 Total Sales

    Debra Dye
    Section Image
  • Tracy Kirkley

    Buyer's Agent in 2021

    Tracy Kirkley

    Crye-Leike Of MS-OB

    (901) 210-8045

    28 in this area

    338 Total Sales

    Tracy Kirkley
    Section Image
  • Donnie Chambliss

    Seller's Agent in 2019

    Donnie Chambliss

    Crye-Leike Of MS-SH

    (901) 262-3002

    49 in this area

    320 Total Sales

    Donnie Chambliss
    Section Image
  • Margie Mays

    Seller Co-Listing Agent in 2019

    Margie Mays

    Crye-Leike Of MS-SH

    (901) 487-1165

    32 in this area

    240 Total Sales

    Margie Mays
    Section Image

  • m

    Buyer's Agent in 2019

    mu.rets.chamblid

    mgc.rets.RETS_OFFICE

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Map

Source: MLS United

MLS Number: 2336332

MLS United

APN: 3078330100001900

Mississippi DeSoto County Hernando 38632

5828 Merchants Cove, Hernando, MS

This home is located at 5828 Merchants Cove, Hernando, MS 38632 since 05 July 2021 and is currently priced at $569,000. 5828 Merchants Cove is a home located in DeSoto County with nearby schools including Oak Grove Central Elementary School, Hernando Elementary School, and Hernando Hills Elementary.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS United Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.

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