NOT LISTED FOR SALE

246 Melrose Rd Covington, TN 38019

Estimated Value: $237,000 - $272,000

4 Beds
2 Baths
1,200-1,399 Sq Ft
$182/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $220,000 $157 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,393/month

16 Days on Market

Highlights

  • Water Views
  • Separate Formal Living Room
  • Eat-In Kitchen
  • Traditional Architecture
  • Porch
  • Patio

About This Home

As of June 2023

OMG! Look at this adorable 4 bdrm 2 bath home in the country? Relax in the "screened outdoor room" on those nice days and enjoy the cool breeze. New roof installed 5 days ago, 10x16 shed, outdoor cooking station, fenced in backyard, patio, split floor plan etc. You have to check this one out!

Last Agent to Sell the Property

Laurie McClerkin

MidSouth Residential, LLC License #295389 Listed on: 05/16/2023

Last Buyer's Agent

Mark Nichols

Fast Track Realty, LLC License #359052

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988

Lot Details

  • Lot Dimensions are 108 x220
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,384 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Water Views
  • Iron Doors

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Baskin Sec A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051M 051M A03500

Home Details

Home Type

Single Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: BASKIN SEC A
  • List Price Per Sq Ft: 159
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1384
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Split Bedroom Plan
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Storage Building, Porch, Patio
  • Exterior Windows: Vinyl Siding
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level, Water View
  • Lot Number: 2
  • Lot Size: 108 X220

Tax Info

  • Assessor Parcel Number: 051M 051M A03500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Jun 19, 2023
Sold by
Folk Richard W and Folk Julie A
Bought by
Colson Brian and Houser Jewel V
Seller's Agent
Laurie McClerkin
MidSouth Residential, LLC
Buyer's Agent
Mark Nichols
Fast Track Realty, LLC
List Price
$220,000
Sold Price
$220,000
Views
34
Current Estimated Value
$256,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,973
Avg. Annual Appreciation
5.94%
Original Mortgage
$216,015
Outstanding Balance
$209,732
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$45,114

Purchase Details

Closed on
Oct 26, 1990
Bought by
Folk Richard W and Folk Julie A

Purchase Details

Closed on
Oct 10, 1988
Bought by
Carter Allen Dewayne and Teresa Elain

Purchase Details

Closed on
May 9, 1988

Purchase Details

Closed on
Jun 25, 1987
Bought by
Kratchen Dieter K

Purchase Details

Closed on
Jan 3, 1986
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Colson Brian $220,000 Titan Title
Folk Richard W $54,400 --
Carter Allen Dewayne -- --
-- -- --
Kratchen Dieter K -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colson Brian $216,015
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $220,000 0.0% $183 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $220,000 -- $183 / 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
2025 $613 $40,275 $0 $0
2024 $613 $40,275 $4,875 $35,400
2023 $613 $40,275 $4,875 $35,400
2022 $576 $28,225 $3,575 $24,650
2021 $576 $28,225 $3,575 $24,650
2020 $576 $28,225 $3,575 $24,650
2019 $501 $20,700 $2,750 $17,950
2018 $501 $20,700 $2,750 $17,950
2017 $501 $20,700 $2,750 $17,950
2016 $485 $20,700 $2,750 $17,950
2015 $484 $20,025 $2,750 $17,275
2014 $484 $20,022 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10148058

Memphis Area Association of REALTORS®

APN: 051M-A-035.00