NOT LISTED FOR SALE

2971 Jib Cove Unit 28 Memphis, TN 38119

Shady Grove Neighborhood

Estimated Value: $110,000 - $135,396

3 Beds
2 Baths
1,800-1,999 Sq Ft
13 Acres

Last Sold June 12, 2018

Last sale price $48,000 $24 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $682/month

200 Days on Market

About This Home

As of June 2018

The estimated market rent for this unit is $1200. Please use this rent estimate for potential buyers to avoid any potential misunderstandings.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 09/01/2017

Last Buyer's Agent

James Walker

REMAX Experts License #264457

REMAX Experts

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • 13

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,979 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Colony 1 Of 5 Colonies 1/63 Int 15'257 A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 081070 00062

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • MLS Map #: 783I
  • MAAR Subdivision Name: COLONY 1 OF 5 COLONIES
  • Condo: Yes
  • List Price Per Sq Ft: 30
  • Number Of Stories: 1
  • Price Per Sq Ft: 24.25
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1979
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Lot Info

  • Lot Number: UNIT 28
  • Acreage: 12.82
  • Lot Size: 0.12
  • Price Per Acre: 4672

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 081070 00062

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2017
Closed on
Apr 24, 2018
Sold by
Yip Maria
Bought by
Seward Stephen
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
James Walker
REMAX Experts
List Price
$89,900
Sold Price
$48,000
Premium/Discount to List
-$41,900
-46.61%
Current Estimated Value
$113,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,926
Avg. Annual Appreciation
13.45%

Purchase Details

Closed on
Aug 25, 2016
Sold by
Hulbert Erica and Mcneal Ricky
Bought by
Hanna M Neal

Purchase Details

Closed on
Mar 13, 2012
Sold by
Real Returns Llc
Bought by
Mcneal Ricky and Hulbert Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,486
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 31, 2011
Sold by
On Your Mark Investments Llc
Bought by
Real Returns Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 7, 2010
Sold by
T Land Ventures Llc
Bought by
On Your Mark Investments Llc

Purchase Details

Closed on
Oct 29, 2009
Sold by
Shore Kevin
Bought by
T Land Ventures

Purchase Details

Closed on
Aug 4, 2006
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Shore Kevin

Purchase Details

Closed on
Mar 2, 2006
Sold by
Alniswan Samir
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 2, 2002
Sold by
Ajarmen Ahmed Mefleh Al
Bought by
Alniswan Samir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,650
Interest Rate
7.08%

Purchase Details

Closed on
Mar 31, 2000
Sold by
Borochin Leonard M and Borochin Marina
Bought by
Ajarmeh Ahmed Mefleh Al

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
8.34%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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 -- None Available
Hanna M Neal $29,500 None Available
Mcneal Ricky $42,486 Saddle Creek Title Llc
Real Returns Llc $40,000 Saddle Creek Title Llc
On Your Mark Investments Llc $30,000 None Available
T Land Ventures $7,941 None Available
Shore Kevin $45,500 Associates Closing & Title H
Federal Home Loan Mortgage Corporation $86,067 None Available
Alniswan Samir $87,000 Equity Title & Escrow Co
Ajarmeh Ahmed Mefleh Al $70,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcneal Ricky $42,486
Previous Owner Real Returns Llc $30,000
Previous Owner Shore Kevin $73,500
Previous Owner Alniswan Samir $82,650
Previous Owner Ajarmeh Ahmed Mefleh Al $68,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2018 06/12/18 Sold $48,000 -46.6% $27 / Sq Ft
03/20/2018 03/20/18 Pending -- -- --
09/01/2017 09/01/17 For Sale $89,900 -- $50 / 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 -- $43,280 $2,120 $41,160
2024 $631 $18,600 $1,325 $17,275
2023 $1,133 $18,600 $1,325 $17,275
2022 $1,133 $18,600 $1,325 $17,275
2021 $505 $18,600 $1,325 $17,275
2020 $1,029 $14,200 $1,325 $12,875
2019 $454 $14,200 $1,325 $12,875
2018 $454 $14,200 $1,325 $12,875
2017 $465 $14,200 $1,325 $12,875
2016 $463 $10,600 $0 $0
2014 $463 $10,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2018

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    12 in this area

    1,430 Total Sales

    Section Image
  • James Walker

    Buyer's Agent in 2018

    James Walker

    RE/MAX

    (901) 503-8044

    2 in this area

    101 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10012339

Memphis Area Association of REALTORS®

APN: 08-1070-0-0062

Tennessee Shelby County Memphis 38119 Shady Grove

2971 Jib Cove Unit 28, Memphis, TN

This home is located at 2971 Jib Cove Unit 28, Memphis, TN 38119 since 01 September 2017 and is currently estimated at $121,599, approximately $60 per square foot. This property was built in 1974. 2971 Jib Cove Unit 28 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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