NOT LISTED FOR SALE

540 Payne Ave Covington, TN 38019

Estimated Value: $186,000 - $209,000

2 Beds
2 Baths
1,200-1,399 Sq Ft
$142/Sq Ft Est. Value

Sale Details

Date Sold: November 12, 2020

Last sale price $125,000 $89 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,251 / mo

34 Days on Market

Highlights

  • Traditional Architecture
  • Separate Outdoor Workshop
  • Brick Veneer
  • Separate Formal Living Room
  • Porch
  • Patio

About This Home

As of November 2020

This little (but not so little at 1,300+/- square feet) cutie is solid and has a great layout. Perfect for roommates, a single family, or empty nesters! The backyard is fenced and has a detached garage, the rooms are very spacious, and there are two full baths! At this price, this one won't last long! Call today to schedule your private showing. NOTE: Homeowner is making a few exterior repairs over the Labor Day weekend. Priced to sell, will be making lender required repairs only.

Last Agent to Sell the Property

Kathryn McGowan

Covington Realty & Auction LLC License #335102 Listed on: 09/03/2020

Last Buyer's Agent

Jane Riggen

MidSouth Residential, LLC License #271584

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 85 x125
  • Wood Fence
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,289 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Ceiling Fan
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • 1 Car Garage
  • Workshop in Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Patio
  • Separate Outdoor Workshop
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • Mclennan Payne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041J 041J E01400

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

10,629 Sq Ft Lot

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: 93
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1289
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Master Bedroom, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Master Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Vinyl Floor, Sprayed Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Washer/Dryer Connections
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1, Full Bath, Carpet
  • Master Bedroom Dimensions: 17X11
  • Misc Interior: All Window Treatments, Pull Down Attic Stairs, Smoke Detector(s)
  • Other Rooms: Laundry Closet

Exterior Features

  • Misc Exterior: Porch, Patio, Wood Fence, Workshop
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1
  • Parking Storage: Driveway/Pad, Workshop(s), Garage Door Opener(s)

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Wood Fenced
  • Lot Number: 4
  • Lot Size: 85 X125

Tax Info

  • Assessor Parcel Number: 041J 041J E01400

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
Sep 3, 2020
Closed on
Nov 12, 2020
Sold by
Bought by
Seller's Agent
Kathryn McGowan
Covington Realty & Auction LLC
Buyer's Agent
Jane Riggen
MidSouth Residential, LLC
List Price
$119,900
Sold Price
$125,000
Premium/Discount to List
$5,100
4.25%
Current Estimated Value
$198,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,493
Avg. Annual Appreciation
8.69%
Original Mortgage
$122,313
Outstanding Balance
$108,343
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$90,150

Purchase Details

Listed on
Jul 26, 2016
Closed on
Dec 29, 2016
Sold by
Bought by
Seller's Agent
Kaye Smith
Property Place
Buyer's Agent
Melinda Lewis
Right Way Realty, LLC
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.26%
Original Mortgage
$80,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 1973
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
$125,000 None Available
$80,000 --
$71,900 --
-- --
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 $122,313
Previous Owner $80,000
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
11/12/2020 11/12/20 Sold $125,000 +4.3% $104 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $119,900 +49.9% $100 / Sq Ft
01/03/2017 01/03/17 Sold $80,000 -11.0% $67 / Sq Ft View Prior Sale
11/11/2016 11/11/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $89,900 -- $75 / 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 -- $43,400 $5,025 $38,375
2024 -- $43,400 $5,025 $38,375
2023 $1,100 $43,400 $5,025 $38,375
2022 $997 $30,400 $3,700 $26,700
2021 $998 $30,400 $3,700 $26,700
2020 $997 $30,400 $3,700 $26,700
2019 $764 $20,375 $2,850 $17,525
2018 $764 $20,375 $2,850 $17,525
2017 $764 $20,375 $2,850 $17,525
2016 $764 $20,375 $2,850 $17,525
2015 $763 $20,375 $2,850 $17,525
2014 $763 $20,369 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathryn McGowan

    Seller's Agent in 2020

    Kathryn McGowan

    Covington Realty & Auction LLC

    (901) 485-8454

    49 Total Sales

    Kathryn McGowan
    Section Image
  • Jane Riggen

    Buyer's Agent in 2020

    Jane Riggen

    MidSouth Residential, LLC

    (901) 674-3642

    60 Total Sales

    Jane Riggen
    Section Image

  • K

    Seller's Agent in 2017

    Kaye Smith

    Property Place

    (800) 395-2232

    Kaye Smith
    Section Image

  • M

    Buyer's Agent in 2017

    Melinda Lewis

    RE/MAX

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10084235

Memphis Area Association of REALTORS®

APN: 041J-E-014.00

Tennessee Tipton County Covington 38019

540 Payne Ave, Covington, TN

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