NOT LISTED FOR SALE

2987 Lin Cove Unit 16 Memphis, TN 38119

Shady Grove Neighborhood

Estimated Value: $72,000 - $125,689

2 Beds
1.5 Baths
1,000-1,199 Sq Ft
13 Acres

Last Sold June 28, 2019

Last sale price $53,000 $44 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $571/month

3 Days on Market

Highlights

  • 12.82 Acre Lot
  • Wood Flooring
  • Great Room
  • Traditional Architecture
  • 1 Fireplace
  • Central Heating and Cooling System

About This Home

As of June 2019

PLEASE DO NOT DISTURB TENANT. AWESOME investment opportunity. This unit has been completed renovated. Stainless steel appliances. Upgraded bathroom countertops & granite countertops in the kitchen. New privacy fence. No interior access until accepted contract. Tenant has been in place for the past 3 years. Seller is extremely motivated. Priced to sell. Bring all offers. Do not let this one get away!

Last Listed By

Kweilyn Wiseman

Divine Destiny Realty License #327921 Listed on: 06/07/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $465

Year Built

  • Built in 1975

Lot Details

  • 13

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,048 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Great Room
  • Iron Doors

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 1 Car Garage
  • Garage Door Opener

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • $170 Maintenance Fee
  • Colony 1 Of 5 Colonies 1 63 Int 15'257 A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 081070 00050

Property Details

Home Type

Condominium

Est. Annual Taxes

$465

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • MLS Map #: 783I
  • MAAR Subdivision Name: COLONY 1 OF 5 COLONIES
  • Condo: Yes
  • List Price Per Sq Ft: 51
  • Number Of Stories: 1
  • Price Per Sq Ft: 50.57
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1048
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Great Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1.1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1
  • Parking Storage: Garage Door Opener(s)

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 170

Lot Info

  • Lot Number: UNIT 16
  • Acreage: 12.82
  • Price Per Acre: 4134

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 081070 00050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jun 29, 2019
Sold by
Chism Clara
Bought by
Zhang Shi Yingfel and Qinghua Zhang And Yingfei Shi Fmtr
Seller's Agent
Kweilyn Wiseman
Divine Destiny Realty
Buyer's Agent
?? ?
Reliable Realty & Property Mgt
List Price
$53,000
Sold Price
$53,000
Total Days on Market
3
Current Estimated Value
$95,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,672
Avg. Annual Appreciation
10.17%

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jun 28, 2019
Sold by
Chism Clara
Bought by
Zhang Zhang Qinghua Qinghua and Qinghua Zhang And Yingfei Shi Fmtr
Seller's Agent
Kweilyn Wiseman
Divine Destiny Realty
Buyer's Agent
?? ?
Reliable Realty & Property Mgt
List Price
$53,000
Sold Price
$53,000

Purchase Details

Listed on
Oct 10, 2015
Closed on
Feb 22, 2016
Sold by
Tapley Jmmie L
Bought by
Chism Clara
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Kweilyn Wiseman
Divine Destiny Realty
List Price
$49,900
Sold Price
$47,000
Premium/Discount to List
-$2,900
-5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.65%

Purchase Details

Closed on
Jun 19, 2009
Sold by
Secretary Of Veterans Affairs
Bought by
Chiang G A

Purchase Details

Closed on
Apr 17, 2009
Sold by
Farr William G
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Jun 15, 1995
Bought by
Farr William G

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
Zhang Shi Yingfel $50,000 Fidelity Title & Escrow Inc
Zhang Zhang Qinghua Qinghua $50,000 Fidelity Title & Escrow Inc
Chism Clara $47,000 None Available
Chiang G A $9,200 Us Title
Secretary Of Veterans Affairs $44,490 None Available
Farr William G $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farr William G $43,205
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2019 06/28/19 Sold $53,000 0.0% $53 / Sq Ft
06/07/2019 06/07/19 For Sale $53,000 +12.8% $53 / Sq Ft
02/22/2016 02/22/16 Sold $47,000 -5.8% $47 / Sq Ft
02/09/2016 02/09/16 Pending -- -- --
10/10/2015 10/10/15 For Sale $49,900 -- $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
2024 $465 $13,725 $1,325 $12,400
2023 $836 $13,725 $1,325 $12,400
2022 $836 $13,725 $1,325 $12,400
2021 $474 $13,725 $1,325 $12,400
2020 $853 $11,775 $1,325 $10,450
2019 $376 $11,775 $1,325 $10,450
2018 $376 $11,775 $1,325 $10,450
2017 $385 $11,775 $1,325 $10,450
2016 $273 $6,250 $0 $0
2014 $273 $6,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kweilyn Wiseman

    Divine Destiny Realty

    (901) 315-4399

    1 in this area

    15 Total Sales

    Kweilyn Wiseman
    Section Image
  • ?? ?

    Buyer's Agent in 2019

    ?? ?

    Reliable Realty & Property Mgt

    (901) 848-1695

    1 in this area

    49 Total Sales

    ?? ?
    Section Image
  • Jimmie Tapley

    Seller's Agent in 2016

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    1 in this area

    290 Total Sales

    Jimmie Tapley
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054493

Memphis Area Association of REALTORS®

APN: 08-1070-0-0050

Tennessee Shelby County Memphis 38119 Shady Grove

2987 Lin Cove Unit 16, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 2987 Lin Cove Unit 16, Memphis, TN 38119 since 07 June 2019 and is currently estimated at $95,672, approximately $79 per square foot. This property was built in 1975. 2987 Lin Cove Unit 16 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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