NOT LISTED FOR SALE

2967 Jib Cove Unit 29 Memphis, TN 38119

Shady Grove Neighborhood

Estimated Value: $79,000 - $133,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
13 Acres

Last Sold August 14, 2019

Last sale price $60,000 $43 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $669/month

140 Days on Market

Highlights

  • 12.82 Acre Lot
  • 1 Fireplace
  • Laundry closet
  • Contemporary Architecture
  • Patio
  • Tile Flooring

About This Home

As of August 2019

Great 3 bedroom condo with 2-car garage. Wonderful size great room with fireplace. All tile flooring. Privacy fenced. Large kitchen and laundry room. Close to shopping for Sams Club and Walmart. Contract failed. Back on market

Last Listed By

John Thorne

HomePlace Real Estate License #270328 Listed on: 03/14/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $553

Year Built

  • Built in 1975

Lot Details

  • 13

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,348 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • 1 Fireplace
  • Combination Dining and Living Room
  • Tile Flooring
  • Laundry closet

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Front Facing Garage

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts

Additional Features

  • Patio
  • Ground Level

Community Details

  • Property has a Home Owners Association
  • $200 Maintenance Fee
  • Colony 1 Of 5 Colonies Subdivision

Listing and Financial Details

  • Assessor Parcel Number 081070 00063

Property Details

Home Type

Condominium

Est. Annual Taxes

$553

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Contemporary
  • Attached Unit Type: First Floor Flat, Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MLS Map #: 783I
  • MAAR Subdivision Name: COLONY 1 OF 5 COLONIES
  • Condo: Yes
  • List Price Per Sq Ft: 52
  • Number Of Stories: 1
  • Price Per Sq Ft: 44.51
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1348
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Shared Bath, Tile Floor
  • Bedroom 3 Description: Level 1, Tile Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile, Sprayed Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher
  • Living Dining Kitchen: LR/DR Combination
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Tile Floor

Exterior Features

  • Misc Exterior: Patio

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central, Gas

Association/Amenities

  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 200

Lot Info

  • Lot Number: UNIT 29
  • Acreage: 12.82
  • Lot Size: 1282
  • Price Per Acre: 5460

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 081070 00063

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2019
Closed on
Aug 14, 2019
Sold by
Shelby Residential Vocational Svcs Inc
Bought by
Bell Robert Kelly
Seller's Agent
John Thorne
HomePlace Real Estate
Buyer's Agent
Sam Signore
Keller Williams
List Price
$80,000
Sold Price
$60,000
Premium/Discount to List
-$20,000
-25%
Total Days on Market
140
Current Estimated Value
$112,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,464
Avg. Annual Appreciation
10.59%

Range of Values:

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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
Bell Robert Kelly $60,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2019 08/14/19 Sold $60,000 -14.3% $50 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
06/12/2019 06/12/19 Price Changed $70,000 -12.5% $58 / Sq Ft
03/14/2019 03/14/19 For Sale $80,000 -- $67 / 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 $553 $16,325 $1,325 $15,000
2023 $994 $16,325 $1,325 $15,000
2022 $994 $16,325 $1,325 $15,000
2021 $1,006 $16,325 $1,325 $15,000
2020 $879 $12,125 $1,325 $10,800
2019 $187 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    John Thorne

    HomePlace Real Estate

    (901) 619-8117

    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Justin Thorne

    HomePlace Real Estate

    (901) 210-9053

    8 Total Sales

    Justin Thorne
    Section Image

  • S

    Buyer's Agent in 2019

    Sam Signore

    Keller Williams

    (901) 210-2198

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048214

Memphis Area Association of REALTORS®

APN: 08-1070-0-0063

Tennessee Shelby County Memphis 38119 Shady Grove

2967 Jib Cove Unit 29, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 2967 Jib Cove Unit 29, Memphis, TN 38119 since 14 March 2019 and is currently estimated at $112,464, approximately $80 per square foot. This property was built in 1975. 2967 Jib Cove Unit 29 is a home located in Shelby County with nearby schools including Oak Forest Elementary, Ridgeway Middle School, and Ridgeway High School.

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