NOT LISTED FOR SALE

225 N Tipton St Covington, TN 38019

Covington Area

Estimated Value: $168,000 - $337,000

8 Beds
4 Baths
3,007 Sq Ft
$81/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2019

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

Est. 170% increase in value since last sale

Current estimated payment $1,870 / mo

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!

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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

0.3 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1977
  • Unit Levels: Three Or More
  • New Construction: No
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2019
Closed on
Dec 9, 2019
Sold by
Iberiabank
Bought by
List Price
$74,900
Sold Price
$92,500
Premium/Discount to List
$17,600
23.5%
Current Estimated Value
$249,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,291
Avg. Annual Appreciation
15.50%

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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$92,500 --
Blurton Capital Llc $200,000 --
Watkins Thurmond E -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,992 $448,412 $330,535 $117,877
2025 $5,992 $439,620 $324,054 $115,566
2024 $5,627 $431,000 $317,700 $113,300
2023 $2,269 $158,593 $71,720 $86,873
2022 $2,308 $155,484 $70,314 $85,170
2021 $2,283 $152,436 $68,936 $83,500
2019 $2,150 $147,917 $66,893 $81,024
2018 $2,143 $145,018 $65,582 $79,436
2016 $2,026 $139,389 $63,037 $76,352
2015 $2,007 $137,297 $62,091 $75,206
2014 $2,010 $134,608 $60,875 $73,733
Source: Public Records

Map

Source: Realtracs

MLS Number: RTC3025854

Realtracs

APN: 041C-C-007.01

Tennessee Tipton County Covington 38019

225 N Tipton St, Covington, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

Based on information submitted to the MLS GRID

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