NOT LISTED FOR SALE

7047 The Ridge Cove Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $212,000 - $231,000

3 Beds
2 Baths
1,508 Sq Ft
$147/Sq Ft Est. Value

About This Home

This home is located at 7047 The Ridge Cove, Memphis, TN 38125 and is currently estimated at $220,968, approximately $146 per square foot. 7047 The Ridge Cove is a home located in Shelby County with nearby schools including Germanshire Elementary School, Kirby High School, and East Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2001
Sold by
Steck Allen L and Steck Patricia A
Bought by
Payne Michael and Payne Jeannette
Current Estimated Value
$221,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,535
Outstanding Balance
$52,216
Interest Rate
9.88%
Estimated Equity
$171,471
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Payne Michael $113,000 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Payne Michael $17,525
Open Payne Michael $114,535
Previous Owner Steck Allen Lee $10,000
Source: Public Records

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 $1,273 $57,150 $12,150 $45,000
2024 $1,273 $37,550 $6,275 $31,275
2023 $2,287 $37,550 $6,275 $31,275
2022 $2,287 $37,550 $6,275 $31,275
2021 $2,314 $37,550 $6,275 $31,275
2020 $1,790 $24,700 $6,275 $18,425
2019 $1,790 $24,700 $6,275 $18,425
2018 $1,790 $24,700 $6,275 $18,425
2017 $1,015 $24,700 $6,275 $18,425
2016 $1,050 $24,025 $0 $0
2014 $1,050 $24,025 $0 $0
Source: Public Records

Map

Tennessee Shelby County Memphis 38125 Southern Shelby County

7047 The Ridge Cove, Memphis, TN

This home is located at 7047 The Ridge Cove, Memphis, TN 38125 and is currently estimated at $220,968, approximately $146 per square foot. 7047 The Ridge Cove is a home located in Shelby County with nearby schools including Germanshire Elementary School, Kirby High School, and East Academy.

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.

Nearby Homes