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Another large part of "Cordova" known as Bridgewater is on the annexation schedule. I believe it is due to be annexed in 2013. I believe the boundaries for Bridgewater are Whitten Rd. on the west, Shelby Farms on the South, Appling on the east, and 1-40 to the north. In all likelihood the price would probably drop some when the area is annexed because people will probably try to move out in droves, flooding the housing stock in the area. However, this area was on the annexation schedule for 2007 and several people began to move when they heard about that. This may help the overall stability of the area since most of the movement may have already taken place, but I would not bank on that if I was concerned about re-sale. I think the elementary school may be Dexter Elementary. The neighborhood is fine, it is just a little unstable because of the annexation fears.
If you are talking about somewhere further east like Eads or something you are way off of the annexation radar.
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