NOT LISTED FOR SALE

3197 Covington Pike Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $208,662 - $222,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$120/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2019

Last sale price $124,900 $69 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,235 / mo

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Tile Flooring

About This Home

As of November 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1,125 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 09/11/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 85 x 148.68
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,680 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Raleigh Ridge Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 087053 A00011

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0.28 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: RALEIGH RIDGE PARK
  • List Price Per Sq Ft: 74
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1680
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 11
  • Acreage: 0.28
  • Lot Size: 85 X 148.68

Tax Info

  • Assessor Parcel Number: 087053 A00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2020
Sold by
Harry Dierckx Heiki Jan and Raeymaekers Kelly
Bought by
Jura Protect Llc and Covington Pike Trust
Current Estimated Value
$215,916

Purchase Details

Listed on
Sep 11, 2019
Closed on
Nov 6, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Dierckx Heiki Jan Harry
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$124,900
Sold Price
$124,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Original Mortgage
$99,920
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2019
Sold by
Kiner Marilyn Bland and Bland Marilyn Thomas
Bought by
Memphis Investment Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 3, 2004
Sold by
Gordon Margaret Carolyn
Bought by
Kiner Aarion and Kiner Marilyn Bland

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jura Protect Llc -- None Available
Dierckx Heiki Jan Harry $124,900 Delta Title Services Llc
Memphis Investment Properties Ii Llc $78,000 Close Trak Closing & Ttl Svc
Kiner Aarion $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dierckx Heiki Jan Harry $99,920
Previous Owner Memphis Investment Properties Ii Llc $108,000
Previous Owner Kiner Aarion $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2019 11/08/19 Sold $124,900 0.0% $78 / Sq Ft
09/11/2019 09/11/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $124,900 -- $78 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $1,080 $55,900 $6,250 $49,650
2024 $1,080 $31,850 $5,225 $26,625
2023 $1,940 $31,850 $5,225 $26,625
2022 $1,940 $31,850 $5,225 $26,625
2021 $1,963 $31,850 $5,225 $26,625
2020 $1,458 $20,125 $5,225 $14,900
2019 $643 $20,125 $5,225 $14,900
2018 $643 $20,125 $5,225 $14,900
2017 $658 $20,125 $5,225 $14,900
2016 $835 $19,100 $0 $0
2014 $835 $19,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    17 in this area

    290 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    17 in this area

    305 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10061718

Memphis Area Association of REALTORS®

APN: 08-7053-A0-0011

Tennessee Shelby County Memphis 38128 Raleigh

3197 Covington Pike, Memphis, TN

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