NOT LISTED FOR SALE

509 Payne Ave Covington, TN 38019

Estimated Value: $224,000 - $245,019

3 Beds
2 Baths
2,000-2,199 Sq Ft
$106/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $138,900 $63 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,311/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Outdoor Storage
  • 1 Fireplace
  • Den
  • Central Heating and Cooling System

About This Home

As of August 2020

This home is located at 509 Payne Ave, Covington, TN 38019 since 13 July 2020 and is currently estimated at $233,255, approximately $116 per square foot. This property was built in 1978. 509 Payne Ave is a home located in Tipton County with nearby schools including Crestview Elementary School, Crestview Middle School, and Covington High School.

Last Agent to Sell the Property

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE Listed on: 07/13/2020

Last Buyer's Agent

Stephanie Arender

Crye-Leike, Inc., REALTORS License #352197

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,248

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 127.5'x125'
  • Few Trees

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,104 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • Mclennan Payne Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041J 041J F00600

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,248

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 623C
  • MAAR Subdivision Name: MCLENNAN-PAYNE
  • List Price Per Sq Ft: 66
  • Number Of Stories: 2
  • Price Per Sq Ft: 66.02
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2104
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Storage Building
  • Exterior Windows: Vinyl Siding

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 13
  • Lot Size: 127.5'X125'

Multi Family

  • Number Of Rooms: 10

Tax Info

  • Assessor Parcel Number: 041J 041J F00600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 12, 2020
Sold by
Voss Jonathan S and Voss Hannah G
Bought by
Hall Amy M
Seller's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
Buyer's Agent
Stephanie Arender
Crye-Leike, Inc., REALTORS
List Price
$139,000
Sold Price
$138,900
Premium/Discount to List
-$100
-0.07%
Current Estimated Value
$220,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,658
Avg. Annual Appreciation
9.66%
Original Mortgage
$140,303
Outstanding Balance
$125,850
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$93,972

Purchase Details

Listed on
Nov 2, 2015
Closed on
Dec 31, 2015
Sold by
Lavelle Timothy
Bought by
Voss Jonathan S and Voss Hannah G
Seller's Agent
Laurie McClerkin
MidSouth Residential, LLC
Buyer's Agent
Laurie McClerkin
MidSouth Residential, LLC
List Price
$109,000
Sold Price
$105,000
Premium/Discount to List
-$4,000
-3.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$107,969
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1978
Bought by
Atkins George Neal and Atkins Peggy O

Purchase Details

Closed on
Jan 1, 1978

Purchase Details

Closed on
May 24, 1973

Purchase Details

Closed on
Jan 1, 1973
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
Hall Amy M $138,900 None Available
Voss Jonathan S $105,000 --
Atkins George Neal -- --
-- $53,000 --
-- -- --
-- $34,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Amy M $140,303
Previous Owner Voss Jonathan S $107,969
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $138,900 -0.1% $69 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $139,000 +32.4% $70 / Sq Ft
12/31/2015 12/31/15 Sold $105,000 -3.7% $66 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $109,000 -- $68 / 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 $1,248 $49,225 $7,475 $41,750
2023 $1,248 $49,225 $7,475 $41,750
2022 $1,132 $34,500 $5,500 $29,000
2021 $1,132 $34,500 $5,500 $29,000
2020 $1,368 $34,500 $5,500 $29,000
2019 $996 $26,550 $4,250 $22,300
2018 $996 $26,550 $4,250 $22,300
2017 $996 $26,550 $4,250 $22,300
2016 $996 $26,550 $4,250 $22,300
2015 $995 $26,550 $4,250 $22,300
2014 $995 $26,547 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • Stephanie Arender

    Buyer's Agent in 2020

    Stephanie Arender

    Crye-Leike, Inc., REALTORS

    (901) 574-2330

    79 Total Sales

    Section Image
  • Laurie McClerkin

    Seller's Agent in 2015

    Laurie McClerkin

    MidSouth Residential, LLC

    (901) 493-2278

    119 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10087732

Memphis Area Association of REALTORS®

APN: 041J-F-006.00

Tennessee Tipton County Covington 38019

509 Payne Ave, Covington, TN

This home is located at 509 Payne Ave, Covington, TN 38019 since 13 July 2020 and is currently estimated at $233,255, approximately $106 per square foot. This property was built in 1978. 509 Payne Ave is a home located in Tipton County with nearby schools including Crestview Elementary School, Crestview Middle School, and Covington High School.

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