NOT LISTED FOR SALE

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

Last Sold December 05, 2019

Last sale price $92,500 $31 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $1,448/month

27 Days on Market

Highlights

  • Central Air
  • No Heating
  • Property has 3 Levels

About This Home

As of December 2019

WOW!!! 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$679

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1977
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: No
  • Laundry Features: Individual

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 135X98
  • Lot Size Units: Acres
  • Property Attached Yn: Yes

Rental Info

  • Tenant Pays: Electricity, Water, Gas

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 679

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
$232,598

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
Source: Public Records
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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

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 -- $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

Realtracs

APN: 041C-C-007.01