NOT LISTED FOR SALE

2975 Kin Cove Unit 2975 Memphis, TN 38119

Shady Grove Neighborhood

Estimated Value: $74,000 - $133,000

2 Beds
1.5 Baths
1,200-1,399 Sq Ft
$71/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $70,500 $50 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $590/month

5 Days on Market

Highlights

  • 12.82 Acre Lot
  • Bonus Room
  • Walk-In Closet
  • Traditional Architecture
  • Den with Fireplace
  • Laundry Room

About This Home

As of May 2022

Seller is selling two properties in same complex as an aggregate. 6744 Racquet Club Dr sold AS IS with 2975 Kin Cv also in AS IS condition. 2975 Kin Cv has a tenant paying $850.00 per month and has a year left in lease. 6744 Racquet Club Dr is vacant and needs work. 2975 Kin Cv can add a bedroom by adding a closet in the converted garage. All offers will be reviewed Friday, April 8th at 5 PM. Please be sensitive when showing Kin Cv.

Last Agent to Sell the Property

Stephen Mansour

KAIZEN Realty, LLC License #285059 Listed on: 04/05/2022

KAIZEN Realty, LLC

Co-Listed By

Scott Day

KAIZEN Realty, LLC License #365182

Last Buyer's Agent

Stephen Mansour

KAIZEN Realty, LLC License #285059 Listed on: 04/05/2022

KAIZEN Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $474

Year Built

  • Built in 1975

Lot Details

  • Wood Fence
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,332 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Factory Built Fireplace
  • Aluminum Window Frames
  • Den with Fireplace
  • Bonus Room
  • Storage Room
  • Laundry Room
  • Laminate Flooring
  • Attic Access Panel

Kitchen

  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Home Security

Utilities

  • Central Air
  • Heating System Uses Gas
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 081070 00058

Community Details

Overview

  • Property has a Home Owners Association
  • $210 Maintenance Fee
  • Association fees include trash collection, exterior maintenance, grounds maintenance, exterior insurance, reserve fund, pest control contract
  • Colony 1 Of 5 Colonies 1/63 Int 15257 A Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$474

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Town House
  • MLS Map #: 783I
  • MAAR Subdivision Name: COLONY 1 OF 5 COLONIES
  • Condo: Yes
  • List Price Per Sq Ft: 56
  • Number Of Stories: 1
  • Price Per Sq Ft: 52.93
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1332
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 1/2 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: Prefabricated, In Den/Great Room
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher
  • Living Dining Kitchen: Separate Den, Pantry
  • Misc Interior: Walk-In Closet(s), Attic Access
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Bonus Room
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Level 1, Full Bath

Exterior Features

  • Misc Exterior: Wood Fence
  • Exterior Windows: Vinyl Siding, Aluminum Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Gas
  • Security: Smoke Detector(s)
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Fees Include: Trash Collection, Exterior Maintenance, Grounds Maintenance, Exterior Insurance, Reserve Fund, Pest Control Contract
  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 210

Lot Info

  • Lot Description: Some Trees, Level, Wood Fenced
  • Lot Number: UNIT 24
  • Acreage: 12.82
  • Lot Size: 871 sq ft
  • Price Per Acre: 5850

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 081070 00058

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
May 12, 2022
Sold by
Pelican Flight Investments Llc
Bought by
Sharabi Amir and Sharabi Maya
Seller's Agent
Stephen Mansour
KAIZEN Realty, LLC
Buyer's Agent
Stephen Mansour
KAIZEN Realty, LLC
List Price
$75,000
Sold Price
$70,500
Premium/Discount to List
-$4,500
-6%
Current Estimated Value
$99,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,123
Avg. Annual Appreciation
11.34%
Original Mortgage
$155,500
Outstanding Balance
$140,058
Interest Rate
4.48%
Mortgage Type
New Conventional
Estimated Equity
-$39,893

Purchase Details

Listed on
Oct 6, 2020
Closed on
Mar 18, 2021
Sold by
Levally Mark R
Bought by
Pelican Flight Investments Llc
Seller's Agent
Joseph Doughton
KAIZEN Realty, LLC
Buyer's Agent
Stephen Mansour
KAIZEN Realty, LLC
List Price
$75,000
Sold Price
$55,000
Premium/Discount to List
-$20,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.82%
Original Mortgage
$49,500
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2020
Sold by
Yandell Angela and Higgins Jennifer
Bought by
Levally Mark R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 1998
Sold by
Mitchell Evelyn P
Bought by
Ashford Theresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,762
Interest Rate
7.01%
Mortgage Type
FHA
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
Sharabi Amir $70,500 Sure Title
Pelican Flight Investments Llc $55,000 Sure Title Company
Levally Mark R $25,981 None Available
Ashford Theresa L $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharabi Amir $155,500
Previous Owner Pelican Flight Investments Llc $49,500
Previous Owner Pelican Flight Investments Llc $49,500
Previous Owner Levally Mark R $38,000
Previous Owner Ashford Theresa L $53,762
Closed Ashford Theresa L $2,832
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $70,500 -6.0% $59 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $75,000 +36.4% $63 / Sq Ft
03/18/2021 03/18/21 Sold $55,000 -17.9% $46 / Sq Ft
11/17/2020 11/17/20 Price Changed $67,000 -10.7% $56 / Sq Ft
10/06/2020 10/06/20 For Sale $75,000 -- $63 / 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 $474 $33,160 $2,120 $31,040
2024 $474 $13,975 $1,325 $12,650
2023 $851 $13,975 $1,325 $12,650
2022 $851 $13,975 $1,325 $12,650
2021 $482 $13,975 $1,325 $12,650
2020 $810 $11,175 $1,325 $9,850
2019 $357 $11,175 $1,325 $9,850
2018 $357 $11,175 $1,325 $9,850
2017 $366 $11,175 $1,325 $9,850
2016 $302 $6,900 $0 $0
2014 $302 $6,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Mansour

    Seller's Agent in 2022

    Stephen Mansour

    KAIZEN Realty, LLC

    (901) 758-1200

    3 in this area

    63 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Scott Day

    KAIZEN Realty, LLC

    (901) 221-4041

    2 in this area

    6 Total Sales

    Section Image
  • Joseph Doughton

    Seller's Agent in 2021

    Joseph Doughton

    KAIZEN Realty, LLC

    (901) 412-4502

    2 in this area

    32 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10121031

Memphis Area Association of REALTORS®

APN: 08-1070-0-0058

Tennessee Shelby County Memphis 38119 Shady Grove

2975 Kin Cove Unit 2975, Memphis, TN

This home is located at 2975 Kin Cove Unit 2975, Memphis, TN 38119 since 05 April 2022 and is currently estimated at $99,226, approximately $70 per square foot. This property was built in 1975. 2975 Kin Cove Unit 2975 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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