NOT LISTED FOR SALE

509 Payne Ave Covington, TN 38019

Estimated Value: $224,000 - $231,000

3 Beds
2 Baths
2,000-2,199 Sq Ft
$103/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2020

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

Est. 64% increase in value since last sale

Current estimated payment $1,434 / mo

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 $227,382, approximately $113 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

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

Year Built

Built in 1978

Lot Details

0.36 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: MCLENNAN-PAYNE
  • List Price Per Sq Ft: 66
  • Number Of Stories: 2
  • 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

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'

Tax Info

  • Assessor Parcel Number: 041J 041J F00600

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 12, 2020
Sold by
Bought by
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
$227,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,482
Avg. Annual Appreciation
8.92%
Original Mortgage
$140,303
Outstanding Balance
$123,897
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$103,485

Purchase Details

Listed on
Nov 2, 2015
Closed on
Dec 31, 2015
Sold by
Bought by
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

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$138,900 None Available
$105,000 --
-- --
$53,000 --
-- --
$34,700 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $140,303
Previous Owner $107,969
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $49,225 $7,475 $41,750
2024 -- $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

    82 Total Sales

    Stephanie Arender
    Section Image
  • Laurie McClerkin

    Seller's Agent in 2015

    Laurie McClerkin

    MidSouth Residential, LLC

    (901) 493-2278

    107 Total Sales

    Laurie McClerkin
    Section Image
See All Agents

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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.