NOT LISTED FOR SALE

1090 Highway 179 Covington, TN 38019

Estimated Value: $57,000 - $100,000

4 Beds
6 Baths
5,000-5,499 Sq Ft
$15/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $70,000 $13 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $430/month

Highlights

  • English Architecture
  • 2 Car Garage
  • Level Lot
  • Main Floor Primary Bedroom
  • Under Construction

About This Home

As of November 2022

Seller has called for HIGHEST AND BEST offers to be submitted 10/16/22 by 9 pm EXCELLENT investor opportunity $200k+ POTENTIAL PROFIT! Approx $175k-$200k to finish out-Last appraisal in 08/22 had ARV @ $483k Previous owner foreclosed on during construction Interior framing good needs a couple of beams replaced w/engineering wood Ext sheathing needs replacing, needs int utilities installed, city water/gas Septic sized for 4 Bed Has newer roof & windows Property being sold AS IS WHERE IS

Last Agent to Sell the Property

Jennifer Anthony

Keller Williams License #339472 Listed on: 07/26/2022

Keller Williams

Last Buyer's Agent

Tanika Bland

BEST Real Estate Company License #312705

BEST Real Estate Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $80

Year Built

  • Built in 1976 | Under Construction

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Few Trees

Home Design

  • English Architecture

Interior Spaces

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • 5,000-5,499 Sq Ft Home
  • 5,000 Sq Ft Home
  • 3-Story Property

Parking

  • 2 Car Garage
  • Front Facing Garage

Listing and Financial Details

  • Assessor Parcel Number 042 042 06401

Home Details

Home Type

Single Family

Est. Annual Taxes

$80

Year Built

Built in 1976 | Under Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: English
  • Detached Unit Type: General Residential
  • MLS Map #: 623D
  • List Price Per Sq Ft: 14
  • Number Of Stories: 3
  • Price Per Sq Ft: 14
  • Prop Construction Status: Under Construction
  • Estimated Sq Ft: 5000
  • Year Built: 1976
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down
  • Estimated Heated Sq Ft Range: 5000-5499
  • Bedroom 2 Description: Level 2
  • Bedroom 3 Description: Level 2
  • Bedroom 4 Description: Level 2
  • Bedrooms: 4
  • Bedrooms Down: 1
  • P R I M A R Y B E D R O O M: Level 1

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2
  • Parking Storage: Front-Load Garage

Lot Info

  • Lot Description: Some Trees, Level
  • Acreage: 1
  • Lot Size: 1.0
  • Price Per Acre: 70000

Tax Info

  • Assessor Parcel Number: 042 042 06401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2022
Closed on
Oct 31, 2022
Sold by
Faulk Cody
Bought by
Mitchell Darryl L
Seller's Agent
Jennifer Anthony
Keller Williams
Buyer's Agent
Tanika Bland
BEST Real Estate Company
List Price
$74,000
Sold Price
$70,000
Premium/Discount to List
-$4,000
-5.41%
Views
159
Current Estimated Value
$80,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,148
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Jun 4, 2021
Sold by
Pnb Holdings Co 2 Inc
Bought by
Faulk Cody

Purchase Details

Closed on
Sep 4, 2020
Sold by
Gaines Caliah L
Bought by
Pnb Holdings Co 2 Inc

Purchase Details

Closed on
May 17, 2016
Sold by
Gaines Caliah
Bought by
Gaines Caliah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2015
Sold by
Gaines Waltez Dupree
Bought by
Gaines Caliah

Purchase Details

Closed on
Aug 25, 2015
Sold by
Gaines Anthony Lee
Bought by
Gaines Waltez

Purchase Details

Closed on
Aug 5, 2015
Sold by
Gaines Walter
Bought by
Gaines Waltez Dupree

Purchase Details

Closed on
Jan 17, 2014
Sold by
Gaines Michael Dewayne
Bought by
Gaines Walter Lee

Purchase Details

Closed on
Feb 9, 2012
Sold by
Gaines Michael Dewayne
Bought by
Fitzgerald Gaines Michael Dewayne and Fitzgerald Gaines Ernest

Purchase Details

Closed on
Nov 17, 2011
Sold by
Gaines Ernest Fitzgerald
Bought by
Gaines Michael Dewayne

Purchase Details

Closed on
Aug 16, 1971
Bought by
Gaines Walter Lee and Gaines Barbara
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
Mitchell Darryl L $70,000 Preferred Title And Escrow
Faulk Cody $15,000 None Available
Pnb Holdings Co 2 Inc $53,850 None Available
Gaines Caliah -- --
Gaines Caliah -- --
Gaines Caliah -- --
Gaines Waltez -- --
Gaines Waltez Dupree -- --
Gaines Walter Lee -- --
Fitzgerald Gaines Michael Dewayne -- --
Gaines Michael Dewayne -- --
Gaines Walter Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gaines Walter Lee $107,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $70,000 0.0% $14 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/14/2022 09/14/22 Price Changed $70,000 -5.4% $14 / Sq Ft
07/26/2022 07/26/22 For Sale $74,000 -- $15 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $80 $5,275 $5,275 $0
2023 $80 $5,275 $5,275 $0
2022 $79 $3,875 $3,875 $0
2021 $79 $3,875 $3,875 $0
2020 $2,148 $3,875 $3,875 $0
2019 $79 $3,250 $3,250 $0
2018 $696 $86,475 $3,250 $83,225
2017 $696 $28,775 $3,250 $25,525
2016 $696 $28,775 $3,250 $25,525
2015 $709 $29,350 $3,250 $26,100
2014 $709 $29,348 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10129652

Memphis Area Association of REALTORS®

APN: 042-064.01