Last list price
5837 Merchants Cove Hernando, MS 38632
3
Beds
3.5
Baths
5,363
Sq Ft
4.67
Acres
Highlights
- Lake Front
- Gated Community
- Community Lake
- Oak Grove Central Elementary School Rated A-
- 4.67 Acre Lot
- Outdoor Fireplace
About This Home
As of October 2016This RARE opportunity to purchase an exquisite estate home in Gray's Creek is not to be missed! Hernando's finest gated community features custom built homes on breath taking lots, not finer than this home built on the lake. A single level Tuscan style 3BR, 3.5BA home with all the amenities, including full irrigation system, invisible fence for the pets, Buzz-Off protection system, large covered patio with outdoor kitchen area and fireplace (gas or wood),this home is an entertainers delight. When you come up the circle drive, the first thing you notice is the triple set of ornate double iron doors leading out to the covered porch. The entry hall boasts soaring ceilings, as does the formal dining room to your left. Travertine floors and heavy trim work lend elegance to the inside as your ey es are drawn to the view of the lake from the many windows and glass doors on the back. To the right, past the study, is the master wing on the house, with a large master bedroom, sitting area, exercise room and spa bath. To the left is the formal dining room, butlers pantry and a large bedroom with adjoining bath. Moving through the great room area is a chefs kitchen with double built in refrigerator/freezer, double ovens, gas cooktop, serving island, and bar; all with custom cabinets, designer backsplash and granite counter tops. Through the gathering room and down the hall is another large bedroom with bath and a play room. There is a project/pet room, large laundry room, and 3 car attached garage. Click on the picture to see more inside pictures and a tour, then schedule your private showing before this beauty gets away!
Last Agent to Sell the Property
Austin Realty Group, Inc-Her License #S-24166 Listed on: 02/22/2015
Last Buyer's Agent
Ritu Pareek
Rt Realty Llc License #S-42829
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,779
Year Built
- Built in 2009
Lot Details
- 4.67 Acre Lot
- Lake Front
- Cul-De-Sac
- Property has an invisible fence for dogs
- Landscaped
- Front and Back Yard Sprinklers
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
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Double Convection Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Granite Countertops
- Built-In or Custom Kitchen Cabinets
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Double Vanity
- Hydromassage or Jetted Bathtub
- Bathtub Includes Tile Surround
- Separate Shower
Outdoor Features
- Access To Lake
- Patio
- Outdoor Fireplace
- Rain Gutters
- Porch
Schools
- Hernando Elementary And Middle School
- Hernando High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Heating System Uses Propane
- Propane
- Well
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 3078330100002000
Community Details
Overview
- Gray's Creek Subdivision
- Community Lake
Security
- Gated Community
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
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
Similar Homes in Hernando, MS
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Attorney | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $505,000 | New Conventional | |
| Closed | $560,000 | No Value Available | |
| Previous Owner | $600,000 | Purchase Money Mortgage | |
| Previous Owner | $417,000 | Unknown | |
| Previous Owner | $233,000 | Credit Line Revolving | |
| Previous Owner | $630,000 | Construction |
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
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
-
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
-
R
Buyer's Agent in 2015
Ritu Pareek
Rt Realty Llc
Map
Source: MLS United
MLS Number: 2295205
APN: 3078330100002000
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.
Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
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