NOT LISTED FOR SALE

2968 Jib Cove Unit 26 Memphis, TN 38119

Shady Grove Neighborhood

Estimated Value: $104,000 - $129,602

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

Last Sold March 22, 2017

Last sale price $58,000 $41 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $724/month

3 Days on Market

Highlights

  • 12.82 Acre Lot
  • Traditional Architecture
  • End Unit
  • Clubhouse
  • Wood Flooring
  • Den

About This Home

As of March 2017

Home is currently renting for 885 a month. The current lease agreement expires in August, 2017. This home can be inspected upon accepted contract. This home is in great shape! But will not go FHA because the condominium complex is not FHA approved. Please did not disturb the tenant, but feel free to drive by. The seller will provide the buyer a copy of the current lease. This is a great home for investors and owner occupants.

Last Agent to Sell the Property

Joseph Jackson

BenchMark REALTORS, LLC License #296952 Listed on: 03/08/2017

Last Buyer's Agent

James Walker

REMAX Experts License #264457

REMAX Experts

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1975

Lot Details

  • End Unit
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,383 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Fireplace Features Masonry
  • Den
  • Burglar Security System

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Additional Features

  • Patio
  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 081070 00060

Community Details

Overview

  • Property has a Home Owners Association
  • $175 Maintenance Fee
  • Association fees include trash collection, management fees
  • Colony 1 Of 5 Colonies Subdivision

Additional Features

  • Clubhouse
  • Building Fire Alarm

Property Details

Home Type

Condominium

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, First Floor Flat
  • MLS Map #: 783I
  • MAAR Subdivision Name: COLONY 1 OF 5 COLONIES
  • Condo: Yes
  • List Price Per Sq Ft: 45
  • Number Of Stories: 1
  • Price Per Sq Ft: 41.94
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1383
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Shared Bath, Carpet
  • Bedroom 3 Description: Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Cooktop, Dishwasher
  • Living Dining Kitchen: Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Double Sinks
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Burglar Alarm, Fire Alarm

Association/Amenities

  • Condo Amenities: Clubhouse
  • Condo Fees Include: Trash Collection, Management Fees
  • Condominium Association: Yes
  • Neighborhood Amenities: Club House

Fee Information

  • Monthly Maintenance Fee: 175

Lot Info

  • Lot Description: Some Trees
  • Lot Number: UNIT 26
  • Acreage: 12.82
  • Price Per Acre: 4836

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 081070 00060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2017
Closed on
Mar 22, 2017
Sold by
Dickerson Cory
Bought by
Seward Stephen D
Seller's Agent
Joseph Jackson
BenchMark REALTORS, LLC
Buyer's Agent
James Walker
REMAX Experts
List Price
$62,000
Sold Price
$58,000
Premium/Discount to List
-$4,000
-6.45%
Current Estimated Value
$122,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,680
Avg. Annual Appreciation
9.56%

Purchase Details

Listed on
Jun 12, 2016
Closed on
Jun 23, 2016
Sold by
Fiter Michael
Bought by
Dickerson Cory
Seller's Agent
Wonda McGowan
McGowan Homes & R/E Services
Buyer's Agent
Joseph Jackson
BenchMark REALTORS, LLC
List Price
$44,900
Sold Price
$41,000
Premium/Discount to List
-$3,900
-8.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.80%

Purchase Details

Closed on
Mar 22, 2010
Sold by
Fannie Mae
Bought by
Fifer Michael

Purchase Details

Closed on
Feb 12, 2010
Sold by
Yi Dok
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 27, 2000
Sold by
Mustafa Salah and Mustafa Milford L
Bought by
Yi Dok Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
8.12%

Purchase Details

Closed on
Dec 27, 1996
Sold by
Bernardini Dante A
Bought by
Salah Mustafa and Milford Hether L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.57%
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
Seward Stephen D $57,000 Southern Trust Title Co
Dickerson Cory $41,000 Prefrred Title & Escrow Llc
Fifer Michael $21,000 None Available
Federal National Mortgage Association $69,344 None Available
Yi Dok Sun $72,000 --
Salah Mustafa $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seward Stephen D $55,500
Previous Owner Yi Dok Sun $64,800
Previous Owner Salah Mustafa $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2017 03/22/17 Sold $58,000 -6.5% $48 / Sq Ft
03/11/2017 03/11/17 Pending -- -- --
03/08/2017 03/08/17 For Sale $62,000 +51.2% $52 / Sq Ft
06/23/2016 06/23/16 Sold $41,000 -8.7% $34 / Sq Ft
06/14/2016 06/14/16 Pending -- -- --
06/12/2016 06/12/16 For Sale $44,900 -- $37 / 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 -- $36,320 $2,120 $34,200
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 $879 $12,125 $1,325 $10,800
2018 $879 $12,125 $1,325 $10,800
2017 $498 $12,125 $1,325 $10,800
2016 $322 $7,375 $0 $0
2014 $322 $7,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joseph Jackson

    BenchMark REALTORS, LLC

    (901) 351-6641

    70 Total Sales

    Section Image
  • James Walker

    Buyer's Agent in 2017

    James Walker

    RE/MAX

    (901) 503-8044

    2 in this area

    102 Total Sales

    Section Image

  • W

    Seller's Agent in 2016

    Wonda McGowan

    McGowan Homes & R/E Services

    (901) 502-4402

    41 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9997089

Memphis Area Association of REALTORS®

APN: 08-1070-0-0060

Tennessee Shelby County Memphis 38119 Shady Grove

2968 Jib Cove Unit 26, Memphis, TN

This home is located at 2968 Jib Cove Unit 26, Memphis, TN 38119 since 08 March 2017 and is currently estimated at $116,651, approximately $83 per square foot. This property was built in 1975. 2968 Jib Cove Unit 26 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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