NOT LISTED FOR SALE

525 Payne Ave Covington, TN 38019

Estimated Value: $188,000 - $244,490

3 Beds
2 Baths
1,400-1,599 Sq Ft
$134/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $169,900 $106 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,301/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Porch
  • 1 Fireplace
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of September 2021

This home is located at 525 Payne Ave, Covington, TN 38019 since 23 July 2021 and is currently estimated at $213,873, approximately $152 per square foot. This property was built in 1974. 525 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: 07/23/2021

Last Buyer's Agent

Shelly Haywood

Crye-Leike, Inc., REALTORS License #310934

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,013

Year Built

  • Built in 1974

Lot Details

  • Lot Dimensions are 92 x125 x90 x125
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,595 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Separate Formal Living Room
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Mclennan Payne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041J 041J F00400

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,013

Year Built

Built in 1974

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: 107
  • Number Of Stories: 1
  • Price Per Sq Ft: 106.52
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1595
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition

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: 9
  • Lot Size: 92 X125 X90 X125

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 041J 041J F00400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Aug 27, 2021
Sold by
Fussell Jason and Fussell Jasmine
Bought by
Fore Jamie Travis
Seller's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
Buyer's Agent
Shelly Haywood
Crye-Leike, Inc., REALTORS
List Price
$169,900
Sold Price
$169,900
Current Estimated Value
$222,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,422
Avg. Annual Appreciation
6.14%
Original Mortgage
$171,616
Outstanding Balance
$157,850
Interest Rate
2.8%
Mortgage Type
USDA
Estimated Equity
$57,026

Purchase Details

Listed on
Mar 19, 2012
Closed on
Apr 13, 2012
Sold by
Us Bank National Associati
Bought by
Fussell Jason and Fussell Jasmine
Seller's Agent
Randy Lankford
Lankford Realty Co.
Buyer's Agent
Randy Lankford
Lankford Realty Co.
List Price
$44,900
Sold Price
$40,000
Premium/Discount to List
-$4,900
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.65%

Purchase Details

Closed on
Feb 17, 2012
Sold by
Stowers Keon
Bought by
American General Mtg Trust

Purchase Details

Closed on
Mar 21, 2007
Bought by
Stowers Keon and Stowers Jaclyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
6.18%

Purchase Details

Closed on
May 9, 2001
Bought by
Lackey Kimberly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,640
Interest Rate
6.98%

Purchase Details

Closed on
May 7, 2001
Sold by
Joey Vandergrift
Bought by
Kimberly Lackey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,640
Interest Rate
6.98%

Purchase Details

Closed on
Sep 23, 1996
Sold by
Vandergrift Richard F
Bought by
Vandergift Joey R

Purchase Details

Closed on
Aug 5, 1991
Bought by
Vandergrift Richard F

Purchase Details

Closed on
Jun 10, 1988
Bought by
Vandergrift Richard F and Doyle Debbi

Purchase Details

Closed on
Nov 11, 1985
Bought by
Vandergrift Richard F

Purchase Details

Closed on
Dec 7, 1984
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
Fore Jamie Travis $169,900 None Available
Fussell Jason $40,000 --
American General Mtg Trust $60,000 --
Stowers Keon $99,900 --
Lackey Kimberly L $89,000 --
Kimberly Lackey $88,000 --
Vandergift Joey R $60,000 --
Vandergrift Richard F -- --
Vandergrift Richard F -- --
Vandergrift Richard F -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fore Jamie Travis $171,616
Previous Owner Not Available $99,900
Previous Owner Not Available $86,640
Previous Owner Not Available $86,640
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2021 09/07/21 Sold $169,900 0.0% $121 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $169,900 +324.8% $121 / Sq Ft
04/19/2012 04/19/12 Sold $40,000 -10.9% $29 / Sq Ft
03/30/2012 03/30/12 Pending -- -- --
03/19/2012 03/19/12 For Sale $44,900 -- $32 / 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 $1,013 $39,950 $5,450 $34,500
2023 $1,013 $39,950 $5,450 $34,500
2022 $918 $27,975 $4,000 $23,975
2021 $918 $27,975 $4,000 $23,975
2020 $917 $27,975 $4,000 $23,975
2019 $680 $18,150 $3,075 $15,075
2018 $680 $18,150 $3,075 $15,075
2017 $680 $18,150 $3,075 $15,075
2016 $680 $18,150 $3,075 $15,075
2015 $680 $18,150 $3,075 $15,075
2014 $680 $18,144 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • Shelly Haywood

    Buyer's Agent in 2021

    Shelly Haywood

    Crye-Leike

    (901) 840-1181

    49 Total Sales

    Section Image
  • Randy Lankford

    Seller's Agent in 2012

    Randy Lankford

    Lankford Realty Co.

    (731) 635-5511

    193 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10110194

Memphis Area Association of REALTORS®

APN: 041J-F-004.00

Tennessee Tipton County Covington 38019

525 Payne Ave, Covington, TN

This home is located at 525 Payne Ave, Covington, TN 38019 since 23 July 2021 and is currently estimated at $213,873, approximately $133 per square foot. This property was built in 1974. 525 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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