NOT LISTED FOR SALE

263 Loon Ln Covington, TN 38019

Estimated Value: $154,000 - $212,278

3 Beds
2 Baths
1,000-1,199 Sq Ft
$148/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $115,000 $96 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,045/month

10 Days on Market

Highlights

  • Vaulted Ceiling
  • Separate Formal Living Room
  • Porch
  • Traditional Architecture
  • Some Wood Windows
  • 1 Car Attached Garage

About This Home

As of March 2023

482-481676 HUD owned property being offered in IE (insurable w/escrow repair) condition, subject to appraisal. Seller makes no representations or warranties as to property condition being sold AS IS. Seller may contribute up to 3% for buyer's closing costs upon buyer request. This property is being offered under EHO guidelines. Great starter home with split floor plan on large level lot. This is a must see for this area and price range. Come make this your new home

Last Agent to Sell the Property

Rae Ann Stimpson

The Carter Group LLC, REALTORS License #274350 Listed on: 01/21/2023

Last Buyer's Agent

Stephanie Bobo

Crye-Leike, Inc., REALTORS License #342940

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,226

Year Built

  • Built in 1997

Lot Details

  • 0.87 Acre Lot
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,196 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

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

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Baskin Hgts Sec D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 018K 018K B01100

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,226

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Cardinal Dr
  • MLS Map #: 623C
  • MAAR Subdivision Name: BASKIN HGTS SEC D
  • List Price Per Sq Ft: 89
  • Number Of Stories: 1
  • Price Per Sq Ft: 96.15
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1196
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Split Bedroom Plan, Full Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1, Carpet
  • Bedroom 3 Description: Level 1, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Vinyl Floor, Sprayed Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling
  • Full Bathrooms: 2
  • Equipment: Disposal, Dishwasher
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Misc Interior: Excl Some Window Treatmnt, Pull Down Attic Stairs
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1, Full Bath

Exterior Features

  • Misc Exterior: Porch, Patio
  • Exterior Windows: Brick Veneer, Wood/Composition, Aluminum Window(s), Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

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

Lot Info

  • Lot Description: Some Trees, Level, Landscaped
  • Lot Number: 127
  • Acreage: 0.87
  • Lot Size: .87
  • Price Per Acre: 122989

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 018K 018K B01100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2023
Closed on
Mar 15, 2023
Sold by
Secretary Of Housing And Urban Developme
Bought by
Shaw Queen
Seller's Agent
Rae Ann Stimpson
The Carter Group LLC, REALTORS
Buyer's Agent
Stephanie Bobo
Crye-Leike, Inc., REALTORS
List Price
$107,000
Sold Price
$115,000
Premium/Discount to List
$8,000
7.48%
Views
132
Current Estimated Value
$177,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,070
Avg. Annual Appreciation
17.64%
Original Mortgage
$106,837
Outstanding Balance
$104,073
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$68,826

Purchase Details

Closed on
Sep 21, 2022
Sold by
Freedom Mortgage Corporation
Bought by
Secretary Of Honing And Urban Development

Purchase Details

Closed on
Sep 2, 2022
Sold by
Rudolph Boykins
Bought by
Freedom Mortgage Corporation

Purchase Details

Closed on
Apr 6, 1998
Sold by
Dudley Bowden
Bought by
Rudolph Boykins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
7.14%

Purchase Details

Closed on
Apr 7, 1997
Sold by
Cooper Margaret S
Bought by
Dudley Bowden

Purchase Details

Closed on
Mar 3, 1997
Bought by
Bowden Dudley and Bowden Jeanette

Purchase Details

Closed on
Oct 30, 1996
Bought by
Cooper Margaret S

Purchase Details

Closed on
May 13, 1983
Bought by
Baskin S J
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
Shaw Queen -- --
Secretary Of Honing And Urban Development $108,344 --
Freedom Mortgage Corporation $108,344 --
Rudolph Boykins $74,000 --
Dudley Bowden $5,000 --
Bowden Dudley $10,000 --
Cooper Margaret S $15,000 --
Baskin S J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaw Queen $106,837
Previous Owner Boykin Rudolph $96,866
Previous Owner Boykin Rudolph $82,700
Previous Owner Rudolph Boykin $84,500
Previous Owner Rudolph Boykin $80,750
Previous Owner Baskin S J $74,000
Closed Shaw Queen $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $115,000 +7.5% $115 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/21/2023 01/21/23 For Sale $107,000 -- $107 / 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
2024 $1,226 $48,350 $4,250 $44,100
2023 $1,226 $48,350 $4,250 $44,100
2022 $1,108 $33,750 $3,125 $30,625
2021 $1,107 $33,750 $3,125 $30,625
2020 $1,107 $33,750 $3,125 $30,625
2019 $1,182 $31,525 $3,125 $28,400
2018 $1,182 $31,525 $3,125 $28,400
2017 $1,182 $31,525 $3,125 $28,400
2016 $1,182 $31,525 $3,125 $28,400
2015 $1,181 $31,525 $3,125 $28,400
2014 $1,181 $31,532 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10140783

Memphis Area Association of REALTORS®

APN: 018K-B-011.00