NOT LISTED FOR SALE

1502 Andrew St Unit 15 Covington, TN 38019

Estimated Value: $181,000 - $260,000

6 Beds
4 Baths
2,441 Sq Ft
$89/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $45,000 $18 Per Sq Ft

Est. 381% increase in value since last sale

Current estimated payment $1,306/month

21 Days on Market

About This Home

As of January 2020

Duplex. On the same street as 3 other properties available for purchase in the same portfolio for a total of 3 duplexes and 1 single residential all on the same street. Amazing investment and PACKAGED DEAL opportunity! Diversify your portfolio and generate high returns with this great income producing opportunity Property can be sold with others as one package - 44 properties with over 70 units!!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,021

Year Built

  • Built in 1972

Lot Details

  • 0.61

Home Design

  • Duplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Property has 3 Levels
  • Central Heating and Cooling System

Community Details

  • Watkins N View Subdivision

Listing and Financial Details

  • Tax Lot 39

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,021

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1972
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Other
  • Total Bedrooms: 6
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 125X213 IRR.
  • Lot Size Units: Acres
  • Property Attached Yn: Yes

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1021
  • Tax Lot: 39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Potvin Zachary
Current Estimated Value
$216,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,675
Outstanding Balance
$119,964
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$96,339

Purchase Details

Closed on
Jun 11, 2012
Bought by
Blurton Capital Llc

Purchase Details

Closed on
May 2, 2012
Sold by
Watkins Homes
Bought by
Lmiw I Llc
Source: Public Records

Range of Values:

Collateral Analytics

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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
Potvin Zachary $164,900 Delta Title Services
Blurton Capital Llc $200,000 --
Lmiw I Llc $75,689 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potvin Zachary $123,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2020 01/24/20 Sold $45,000 +12.8% $18 / Sq Ft
11/30/2019 11/30/19 Pending -- -- --
11/09/2019 11/09/19 For Sale $39,900 -- $16 / Sq Ft
Source: Realtracs

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 $2,056 $81,120 $4,400 $76,720
2023 $2,056 $81,120 $4,400 $76,720
2022 $1,891 $57,640 $4,400 $53,240
2021 $1,891 $57,640 $4,400 $53,240
2020 $1,322 $57,640 $4,400 $53,240
2019 $973 $25,960 $4,400 $21,560
2018 $973 $25,960 $4,400 $21,560
2017 $973 $25,960 $4,400 $21,560
2016 $973 $25,960 $4,400 $21,560
2015 $973 $25,960 $4,400 $21,560
2014 $972 $25,946 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3025839

Realtracs

APN: 018L-B-008.00

Tennessee Tipton County Covington 38019

1502 Andrew St Unit 15, Covington, TN

This home is located at 1502 Andrew St Unit 15, Covington, TN 38019 since 09 November 2019 and is currently estimated at $216,303, approximately $88 per square foot. This property was built in 1972. 1502 Andrew St Unit 15 is a home located in Tipton County with nearby schools including Crestview Elementary School, Crestview Middle School, and Covington High School.

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