$47,000
SOLD FEB 22, 2016

2987 Lin Cove Unit 16 Memphis, TN 38119

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

Recently Sold

$39 Per Sq Ft

6% Below List Price

122 Days on Market

Highlights

  • 12.82 Acre Lot
  • Great Room
  • Laundry closet
  • Traditional Architecture
  • Porch
  • Tile Flooring

About This Home

As of June 2019

STOP RENTING NOW!!! Owner-agent selling as-is...move-in condition! Nice 2 bedroom, 1 1/2 bath condo with a 1 car garage in a great East Memphis location. New interior paint, new carpet, upgraded bathroom counter tops & sinks; granite countertops in kitchen, stainless appliances. Priced to sell immediately. Convenient to interstate, neighborhood grocery, shopping, etc. Don't miss this opportunity for a great family home or income property.

Last Agent to Sell the Property

Jimmie Tapley

Crye-Leike, Inc., REALTORS License #209672 Listed on: 10/10/2015

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Kweilyn Wiseman

Divine Destiny Realty License #327921

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $465

Year Built

  • Built in 1975

Lot Details

  • Wood Fence
  • Few Trees

Home Design

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

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,048 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Great Room
  • Den with Fireplace
  • Pull Down Stairs to Attic
  • Laundry closet

Kitchen

  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 1 Car Garage
  • Side Facing Garage

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Porch
  • Ground Level

Community Details

  • Property has a Home Owners Association
  • $185 Maintenance Fee
  • Association fees include exterior maintenance
  • 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: 48
  • Number Of Stories: 1
  • Price Per Sq Ft: 44.85
  • 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, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: In Den/Great Room
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher
  • Living Dining Kitchen: Great Room
  • Misc Interior: All Window Treatments, Pull Down Attic Stairs
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1.1
  • Primary Bathroom Description: Carpet
  • P R I M A R Y B E D R O O M: Level 1, Half Bath, Carpet

Exterior Features

  • Misc Exterior: Porch, Wood Fence
  • Exterior Windows: Vinyl Siding
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Side-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Electric
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Fees Include: Exterior Maintenance
  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 185

Lot Info

  • Lot Description: Some Trees, Wood Fenced
  • Lot Number: UNIT 16
  • Acreage: 12.82
  • Price Per Acre: 3892

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
122
Current Estimated Value
$96,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,873
Avg. Annual Appreciation
10.37%

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $50,000 Fidelity Title & Escrow Inc
Warranty Deed $50,000 Fidelity Title & Escrow Inc
Warranty Deed $47,000 None Available
Special Warranty Deed $9,200 Us Title
Trustee Deed $44,490 None Available
Deed $45,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $43,205 VA
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
2025 $465 $17,250 $1,325 $15,925
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

    13 Total Sales

    Section Image
  • ?? ?

    Buyer's Agent in 2019

    ?? ?

    Reliable Realty & Property Mgt

    (901) 848-1695

    1 in this area

    47 Total Sales

    Section Image
  • Jimmie Tapley

    Seller's Agent in 2016

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    1 in this area

    276 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9962967

Memphis Area Association of REALTORS®

APN: 08-1070-0-0050

Tennessee Shelby County Memphis 38119 Shady Grove

2987 Lin Cove Unit 16, Memphis, TN

This home is located at 2987 Lin Cove Unit 16, Memphis, TN 38119 and is currently priced at $47,000, approximately $39 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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