NOT LISTED FOR SALE

2611 Covington Pike Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $145,536 - $210,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$130/Sq Ft Est. Value

Last Sold September 11, 2015

Last sale price $53,000 $38 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $1,022/month

Highlights

  • 2.94 Acre Lot
  • Wood Flooring
  • Some Wood Windows
  • Wooded Lot
  • Separate Formal Living Room
  • Porch

About This Home

As of September 2015

ALMOST THREE ACRES WITH NICE RANCH ALL BRICK HOME REAL 3/4 INCH OAK HARDWOOD FLOORS SO NO ALLERGIES FROM CARPET DUST THREE BEDROOMS ONE LARGE BATH MULTIPLE LARGE STORAGE BUILDINGS DOUBLE CARPORT COULD BE A DOUBLE GARAGE ONLY 60K PLEASE DRIVE BY BUT DO NOT DISTURB TENANTS OWNER AGENT RICHARD SCARBROUGH THANKS

Last Agent to Sell the Property

Richard Scarbrough

BEST Real Estate Company License #53291 Listed on: 04/07/2010

BEST Real Estate Company

Last Buyer's Agent

Jayne Geranios

JASCO Realty License #291369

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $799

Year Built

  • Built in 1955

Lot Details

  • 2.94 Acre Lot
  • Chain Link Fence
  • Landscaped
  • Wooded Lot

Home Design

  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,273 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Self-Cleaning Oven
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Home Security

  • Storm Windows
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • Scarbrough Unrecorded Subdivision

Listing and Financial Details

  • Assessor Parcel Number 088008 00097C

Home Details

Home Type

Single Family

Est. Annual Taxes

$799

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch
  • Detached Unit Type: General Residential
  • Cross Street: RALEIGH LAGRAN
  • MAAR Subdivision Name: SCARBROUGHS ACRES
  • Freestanding: Yes
  • List Price Per Sq Ft: 47
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1273
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Smooth Ceiling, Tile Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, Smooth Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Continuous Cleaning Oven
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Washer/Dryer Connections
  • P R I M A R Y B E D R O O M: Level 1, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Storage Building, Porch, On-Site Storage
  • Exterior Windows: Brick Veneer, Wood Window(s), Storm Window(s), Steel Insulated Door(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Septic Tank

Lot Info

  • Lot Description: Wooded, Landscaped, Chain Fenced
  • Lot Number: 3 & 4
  • Acreage: 2.94
  • Lot Size: 129.5 X 578.6 IRR

Tax Info

  • Assessor Parcel Number: 088008 00097C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2022
Sold by
Gilbert Valenzuela Family Trust and Valenzuela Gilberto S
Bought by
Valenzuela Gilbert and Flores Sonia
Current Estimated Value
$182,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Outstanding Balance
$84,777
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$97,607

Purchase Details

Closed on
Jul 15, 2021
Sold by
Valenzuela Gilberto S
Bought by
Valenzuela Gilbert and The Gilbert Valenzuela Family

Purchase Details

Listed on
Apr 7, 2010
Closed on
Sep 11, 2015
Sold by
Scarbrough J Richard
Bought by
Valenzuela Gilberto S
Seller's Agent
Richard Scarbrough
BEST Real Estate Company
Buyer's Agent
Jayne Geranios
JASCO Realty
List Price
$125,000
Sold Price
$53,000
Premium/Discount to List
-$72,000
-57.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.97%
Original Mortgage
$42,400
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2003
Sold by
Thornburg Wendell L
Bought by
Scarbrough J Richard and Anne Scarbrough E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Valenzuela Gilbert -- None Listed On Document
Valenzuela Gilbert -- None Available
Valenzuela Gilberto S $53,000 Close Trak Llc
Scarbrough J Richard $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valenzuela Gilbert $93,000
Previous Owner Valenzuela Gilberto S $42,400
Previous Owner Scarbrough J Richard $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2015 09/11/15 Sold $53,000 -57.6% $44 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
04/07/2010 04/07/10 For Sale $125,000 -- $104 / 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 $799 $30,675 $9,325 $21,350
2024 $799 $23,575 $8,575 $15,000
2023 $1,436 $23,575 $8,575 $15,000
2022 $1,436 $23,575 $8,575 $15,000
2021 $1,453 $23,575 $8,575 $15,000
2020 $1,493 $20,600 $8,575 $12,025
2019 $1,493 $20,600 $8,575 $12,025
2018 $1,493 $20,600 $8,575 $12,025
2017 $847 $20,600 $8,575 $12,025
2016 $860 $19,675 $0 $0
2014 $860 $19,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Richard Scarbrough

    BEST Real Estate Company

    (901) 753-3491

    10 Total Sales

    Richard Scarbrough
    Section Image
  • Jayne Geranios

    Buyer's Agent in 2015

    Jayne Geranios

    JASCO Realty

    (901) 550-8808

    2 in this area

    32 Total Sales

    Jayne Geranios
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3195697

Memphis Area Association of REALTORS®

APN: 08-8008-0-0097C

Tennessee Shelby County Memphis 38128 Raleigh

2611 Covington Pike, Memphis, TN

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