225 N Tipton St Covington, TN 38019
Estimated Value: $168,000 - $293,000
8
Beds
4
Baths
3,007
Sq Ft
$80/Sq Ft
Est. Value
Highlights
- Central Air
- No Heating
- Property has 3 Levels
About This Home
As of December 2019WOW!!! ATTN: INVESTORS! Four 2 bedrooms + 1 bathroom apartments all on one level! 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
- $679
Year Built
- Built in 1977
Lot Details
- 0.3
Home Design
- Quadruplex
- Brick Exterior Construction
Utilities
- Central Air
- No Heating
Additional Features
- Property has 3 Levels
- Lot Dimensions are 135x98
Community Details
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 8, 2019
Closed on
Dec 9, 2019
Sold by
Iberiabank
Bought by
Drayne Bryan
List Price
$74,900
Sold Price
$92,500
Premium/Discount to List
$17,600
23.5%
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
$140,098
Avg. Annual Appreciation
17.08%
Purchase Details
Closed on
Jun 11, 2012
Bought by
Blurton Capital Llc
Purchase Details
Closed on
Nov 21, 1970
Bought by
Watkins Thurmond E
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Drayne Bryan | $92,500 | -- | |
| Blurton Capital Llc | $200,000 | -- | |
| Watkins Thurmond E | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/05/2019 12/05/19 | Sold | $92,500 | +23.5% | $31 / Sq Ft |
| 12/05/2019 12/05/19 | Pending | -- | -- | -- |
| 11/08/2019 11/08/19 | For Sale | $74,900 | -- | $25 / Sq Ft |
Source: Realtracs
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 |
|---|---|---|---|---|
| 2025 | -- | $70,480 | $0 | $0 |
| 2024 | -- | $110,600 | $3,960 | $106,640 |
| 2023 | $2,803 | $110,600 | $3,960 | $106,640 |
| 2022 | $2,559 | $78,000 | $3,960 | $74,040 |
| 2021 | $2,559 | $78,000 | $3,960 | $74,040 |
| 2020 | $445 | $78,000 | $3,960 | $74,040 |
| 2019 | $578 | $15,400 | $3,960 | $11,440 |
| 2018 | $578 | $15,400 | $3,960 | $11,440 |
| 2017 | $578 | $15,400 | $3,960 | $11,440 |
| 2016 | $578 | $15,400 | $3,960 | $11,440 |
| 2015 | $577 | $15,400 | $3,960 | $11,440 |
| 2014 | $578 | $15,423 | $0 | $0 |
Source: Public Records
Map
Source: Realtracs
MLS Number: 3025854
APN: 041C-C-007.01
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