NOT LISTED FOR SALE

531 W Liberty Ave Covington, TN 38019

Estimated Value: $93,000 - $183,000

19 Beds
2 Baths
1,191 Sq Ft
$105/Sq Ft Est. Value

Last Sold January 29, 2020

Last sale price $405,000 $340 Per Sq Ft

Current estimated payment $729/month

37 Days on Market

About This Home

As of January 2020

Excellent opportunity to own income producing properties. 2 apartment buildings with 4 apartments each for a total of 8 apartments containing 2 bedrooms and 1.5 baths. One 3 bedroom 1 bath home on property as well. Properties have been well maintained and rented.

Last Agent to Sell the Property

Steve Heathman

Hometown Realty License #300789 Listed on: 11/13/2019

Co-Listed By

Pamela Brewi

Five Star Real Estate Services License #277697

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $567

Year Built

  • Built in 1995

Lot Details

  • 0.89 Acre Lot

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 2-Story Property
  • Ceiling height between 8 to 10 feet
  • Washer and Dryer Hookup

Flooring

  • Partially Carpeted
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 9 Units

Listing and Financial Details

  • Tenant pays for all utilities, security deposit

Home Details

Home Type

Single Family

Est. Annual Taxes

$567

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 623C
  • Freestanding: Yes
  • Number Of Stories: 2
  • Price Per Sq Ft: 455056.18
  • Year Built: 1995
  • Construction: Vinyl Siding
  • List Price Per Unit: 50000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor, Partial Carpet, Plaster, 8 Feet

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical, Public Water, Public Sewer
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Lot Info

  • Acreage: 0.89
  • Lot Size: 0.89
  • Price Per Acre: 505618

Rental Info

  • Tenant Pays: All Utilities, Security Deposit
  • Type Of Leases: Year

Multi Family

  • Total Number Of Units: 9
  • Number2 Bedroom Units: 8
  • Number3 Bedroom Units: 1
  • Type of Unit: 2 BR - 1+ Baths, 3 BR - 1+ Baths, Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2005
Sold by
Sanford Jeffery H
Bought by
Wedwick Nathan W
Current Estimated Value
$125,370

Purchase Details

Closed on
Feb 5, 2001
Sold by
Owen Trustee
Bought by
Sanford Jeffery H

Purchase Details

Closed on
Aug 14, 1995
Bought by
Brown Marilyn G

Purchase Details

Closed on
May 11, 1953
Bought by
Baskin Baskin L and Baskin Pearl
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wedwick Nathan W $415,500 --
Sanford Jeffery H $359,000 --
Brown Marilyn G $60,000 --
Baskin Baskin L -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2020 01/29/20 Sold $405,000 -10.0% $340 / Sq Ft
12/20/2019 12/20/19 Pending -- -- --
11/13/2019 11/13/19 For Sale $450,000 0.0% $378 / Sq Ft
02/28/2013 02/28/13 Rented $650 -7.1% --
02/28/2013 02/28/13 Under Contract -- -- --
08/13/2012 08/13/12 For Rent $700 -- --
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 $567 $22,375 $7,525 $14,850
2023 $340 $22,375 $7,525 $14,850
2022 $521 $15,875 $5,525 $10,350
2021 $521 $15,875 $5,525 $10,350
2020 $521 $15,875 $5,525 $10,350
2019 $479 $12,775 $4,250 $8,525
2018 $479 $12,775 $4,250 $8,525
2017 $479 $12,775 $4,250 $8,525
2016 $479 $12,775 $4,250 $8,525
2015 $479 $12,775 $4,250 $8,525
2014 $479 $12,783 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Heathman

    Hometown Realty

    (901) 831-1394

    36 Total Sales

    Steve Heathman
    Section Image
  • Pamela Brewi

    Seller Co-Listing Agent in 2020

    Pamela Brewi

    Five Star Real Estate Services

    (901) 497-9467

    46 Total Sales

    Pamela Brewi
    Section Image

  • N

    Buyer's Agent in 2020

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • D

    Buyer Co-Listing Agent in 2020

    Dana Diana

    Prudential Collins-Maury, Inc.

  • C

    Seller's Agent in 2013

    Christine Christmas

    Covington Realty & Auction LLC

    (901) 299-2204

    73 Total Sales

    Christine Christmas
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10066156

Memphis Area Association of REALTORS®

APN: 041B-I-001.00

Tennessee Tipton County Covington 38019

531 W Liberty Ave, Covington, TN

This home is located at 531 W Liberty Ave, Covington, TN 38019 since 13 November 2019 and is currently estimated at $125,370, approximately $105 per square foot. This property was built in 1995. 531 W Liberty 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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