NOT LISTED FOR SALE

5837 Merchants Cove Hernando, MS 38632

Estimated Value: $545,000 - $946,000

3 Beds
3.5 Baths
5,363 Sq Ft
$150/Sq Ft Est. Value

Last Sold October 14, 2016

Current estimated payment $5,105/month

104 Days on Market

Highlights

  • Lake Front
  • Gated Community
  • Community Lake
  • Oak Grove Central Elementary School Rated A-
  • 4.67 Acre Lot
  • Fireplace in Primary Bedroom

About This Home

As of October 2016

This one of a kind, single level, lakefront, Tuscan style home is a now available in exclusive Gray's Creek subdivision! This home offers you the finest indoor and outdoor living that makes you feel like you are miles away at your own exclusive retreat but really you are just minutes away from amazing shopping, entertainment, and I55. Every inch of the 5363 square foot home was custom built with style, elegance, openness, privacy, and comfort in mind. The breath taking 4.67 acres offers a lake lot with a view to die for and includes your own personal peninsula, mature trees, beautiful landscaping, and is located in a cul-de-sac within a gated community for even more privacy. There is an enormous covered outdoor living space with a wood burning fireplace and an outdoor kitchen area that all ows you to enjoy the beauty and aroma of the outdoors year round. This home is laid out perfectly for everyday family living with all the modern luxuries. The large exquisite entry, soaring ceilings, abundance of windows, and massive opulent double iron doors (3 sets) makes entertaining easy and delightful. The chefs kitchen with built in refrigerator/freezer, double ovens, gas cooktop, serving island, custom cabinets, designer backsplash and granite counter tops will make any meal time prep or Sunday family brunch memorable and convenient. The master wing has a spacious sitting area with a fireplace, spa like bath, his and hers closets, and a workout room. Make sure to take note of the ceilings (especially in the formal dining room and kitchen), light fixtures, travertine floors, and the beautiful heavy trim that makes this home one of a kind. The details throughout, over 3000 square feet of walk up storage, fully insulated 3 car garage, and everything else about this home will have you in awe. There is much more that could be said about this marvelous home but how do you perfectly describe beautiful sunsets, or what words can you truly use to express the beauty of a one of a kind work of art? Some things just have to been seen in person to believe. If you are looking for home and a location that offer the advantages like this one has, call us today and set up your private showing!

Last Agent to Sell the Property

Lisa Utterback

Crye-leike Hernando License #B-21478 Listed on: 05/27/2016

Crye-leike Hernando

Last Buyer's Agent

KURT OLIVENT

Crye-Leike Of MS-SH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,395

Year Built

  • Built in 2009

Lot Details

  • 4.67 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 5,363 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Vinyl Clad Windows
  • Insulated Windows
  • Double Door Entry
  • French Doors
  • Insulated Doors
  • Combination Kitchen and Living
  • Breakfast Room
  • Attic Floors
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Vanity
  • Hydromassage or Jetted Bathtub
  • Bathtub Includes Tile Surround
  • Separate Shower

Outdoor Features

  • Access To Lake
  • Patio
  • Outdoor Fireplace

Schools

  • Hernando Elementary And Middle School
  • Hernando High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Propane
  • Well
  • Cable TV Available

Community Details

Overview

  • Gray's Creek Subdivision
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,395

Year Built

Built in 2009

Lot Details

0

HOA Fees

$83 per month

Parking

3

Listing Details

  • Unit Levels: One
  • Lot Size: 0
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 2009
  • Lot Size Acres: 4.67
  • Subdivision Name: Gray's Creek
  • Directions: From Goodman Rd (Hwy 302)go south on Getwell Rd. which becomes Gray's Creek Rd. after you pass Slocum Rd. Turn right through the gates at Gray's Creek, follow Ginner around to the left. Turn right on Cyrene Dr. Merchants Cv. is the first street on the right.
  • Garage Yn: Yes
  • New Construction: No
  • Appliances Microwave: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Double Oven, Exhaust Fan, Gas Cooktop, Microwave, Stainless Steel Appliance(s)
  • AtticFeaturesAttic: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Dead Bolt Lock(s), Double Entry, French Doors, Insulated
  • Fireplace Features: Gas Log, Masonry, Primary Bedroom, Wood Burning, Outside
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, High Ceilings, Kitchen Island, Other, Double Vanity
  • Window Features: Insulated Windows, Vinyl
  • Fireplace: Yes
  • ResoLivingAreaSource: Builder
  • Interior Features:Granite Counters: Yes
  • Kitchen Features:Granite Counters2: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Breakfast Bar: Yes
  • Kitchen Features:KitchenFamily Room View: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Kitchen Island: Yes
  • Kitchen Features:Kitchen Island2: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Bathroom Features:Double Vanity2: Yes
  • Bathroom Features:Separate Tub Shower: Yes
  • Appliances:Double Oven: Yes
  • Appliances:Exhaust Fan3: Yes
  • Appliances:Gas Cooktop: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Kitchen Features:Breakfast RoomMorning Room: Yes
  • Bathroom Features:Walk-In Shower: Yes
  • Attic Features:Walk-In Attic: Yes
  • Kitchen Features:Custom Cabinets: Yes
  • Attic Features:Attic Floored: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Fireplace Features:Wood Burning: Yes
  • Bathroom Features:Jetted Tub: Yes
  • Bathroom Features:Ceramic Tile2: Yes
  • Interior Features:Other8: Yes
  • Fireplace Features:Masonry2: Yes
  • Community Features:Lake: Yes
  • Community Features:Gated2: Yes
  • Fireplace Features:Primary Bedroom: Yes

Exterior Features

  • Disclosures: None
  • Foundation Details: Slab
  • Lot Features: Cul-De-Sac, Landscaped, Level
  • Roof: Architectural Shingles
  • Patio And Porch Features: Patio
  • Waterfront Features: Lake, Waterfront
  • Waterfront: Yes
  • Construction Type: Brick
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Patio - Covered: Yes
  • Driveway Features:Concrete Drive: Yes
  • Door Features:Dead Bolt Lock(s): Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Vinyl2: Yes
  • Door Features:Double Entry: Yes
  • Driveway Features:Side Entrance: Yes
  • Window Features:Insulated Windows: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Door Features:Insulated: Yes
  • Door Features:French Doors: Yes
  • Driveway Features:Circular Drive: Yes
  • Waterfront Features:Waterfront2: Yes
  • Waterfront Features:Lake2: Yes
  • Exterior Features:Outside Fireplace: Yes

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage Door Opener, Garage Faces Side, Circular Driveway, Concrete
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage2: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Cooling: Central Air, Multi Units
  • Heating: Central, Other
  • Laundry Features: Laundry Room
  • Sewer: Waste Treatment Plant
  • Utilities: Cable Connected, Electricity Connected, Propane Available
  • Water Source: Well
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Central: Yes
  • Heating:Other18: Yes

Condo/Co-op/Association

  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Community Features: Gated, Lake
  • 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

  • Lot Size Sq Ft: 203425.2
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2016
Closed on
Oct 14, 2016
Sold by
Pareek Satish and Sunita Sunita
Bought by
Schultz Tracci L
Seller's Agent
Lisa Utterback
Crye-leike Hernando
Buyer's Agent
KURT OLIVENT
Crye-Leike Of MS-SH
List Price
$724,900
Sold Price
$700,000
Premium/Discount to List
-$24,900
-3.43%
Current Estimated Value
$805,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,919
Avg. Annual Appreciation
3.95%
Original Mortgage
$560,000
Interest Rate
3.47%

Purchase Details

Listed on
Feb 22, 2015
Closed on
May 6, 2015
Sold by
Espitia Edward T and Espitia Bobbie
Bought by
Pareek Satish and Pareek Sunita
Seller's Agent
Becky Austin
Austin Realty Group, Inc-Her
Buyer's Agent
Ritu Pareek
Rt Realty Llc
List Price
$724,900
Sold Price
$670,000
Premium/Discount to List
-$54,900
-7.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%
Original Mortgage
$600,000
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage
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
Schultz Tracci L -- Attorney
Pareek Satish -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultz Tracie L $505,000
Closed Schultz Tracci $560,000
Previous Owner Pareek Satish $600,000
Previous Owner Espitia Edward T $417,000
Previous Owner Espitia Edward T $233,000
Previous Owner Espitia Edward T $630,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold -- -- --
09/09/2016 09/09/16 Pending -- -- --
05/27/2016 05/27/16 For Sale $724,900 0.0% $135 / Sq Ft
05/06/2015 05/06/15 Sold -- -- --
05/05/2015 05/05/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $724,900 -- $135 / Sq Ft
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 $6,395 $63,333 $6,500 $56,833
2023 $6,395 $63,333 $0 $0
2022 $6,395 $63,333 $6,500 $56,833
2021 $6,395 $63,333 $6,500 $56,833
2020 $6,022 $59,638 $0 $0
2019 $6,022 $59,638 $6,500 $53,138
2017 $6,080 $113,060 $59,780 $53,280
2016 $6,080 $59,780 $6,500 $53,280
2015 $6,080 $113,060 $59,780 $53,280
2014 $5,780 $59,780 $0 $0
2013 $5,881 $60,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Utterback

    Seller's Agent in 2016

    Lisa Utterback

    Crye-leike Hernando

    (901) 493-5196

    55 in this area

    196 Total Sales

    Lisa Utterback
    Section Image

  • K

    Buyer's Agent in 2016

    KURT OLIVENT

    Crye-Leike Of MS-SH

  • m

    Buyer's Agent in 2016

    mu.rets.oliventk

    mgc.rets.RETS_OFFICE

  • Becky Austin

    Seller's Agent in 2015

    Becky Austin

    Austin Realty Group, Inc-Her

    (901) 283-6084

    15 in this area

    195 Total Sales

    Becky Austin
    Section Image

  • R

    Buyer's Agent in 2015

    Ritu Pareek

    Rt Realty Llc

See All Agents

Map

Source: MLS United

MLS Number: 2303777

MLS United

APN: 3078330100002000

Mississippi DeSoto County Hernando 38632

5837 Merchants Cove, Hernando, MS

This home is located at 5837 Merchants Cove, Hernando, MS 38632 since 27 May 2016 and is currently estimated at $805,919, approximately $150 per square foot. This property was built in 2009. 5837 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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