NOT LISTED FOR SALE

580 Payne Ave Covington, TN 38019

Estimated Value: $222,000 - $262,000

4 Beds
2 Baths
2,200-2,399 Sq Ft
$99/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $200,000 $83 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,372/month

51 Days on Market

Highlights

  • Deck
  • Separate Formal Living Room
  • Den
  • 1 Fireplace
  • Corner Lot
  • Some Wood Windows

About This Home

As of May 2024

Don't miss this spacious 4 bedroom 2 bath home on corner lot just mins away from the historical downtown square in Covington with lots of shopping. This home features a HUGE 28x24 livingroom as well as a spacious den, 2 car garage, laminate flooring, fireplace, 2 storage sheds and more! Call for your personal tour!

Last Agent to Sell the Property

Laurie McClerkin

MidSouth Residential, LLC License #295389 Listed on: 03/08/2024

Last Buyer's Agent

Brittney Jasper

Tiger Realty License #360740

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 85 x130
  • Corner Lot
  • Level Lot
  • Few Trees

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,308 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Front Facing Garage

Outdoor Features

  • Deck
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Mclennan Payne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041J 041J E01500

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: MCLENNAN-PAYNE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2308
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Split Bedroom Plan
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Equipment: Cooktop, Dishwasher
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room

Exterior Features

  • Misc Exterior: Storage Building, Porch, Deck
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level, Corner
  • Lot Number: 3
  • Lot Size: 85 X130

Tax Info

  • Assessor Parcel Number: 041J 041J E01500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
May 13, 2024
Sold by
Witham James H
Bought by
Caldwell James and Caldwell Susan
Seller's Agent
Laurie McClerkin
MidSouth Residential, LLC
Buyer's Agent
Brittney Jasper
Tiger Realty
List Price
$219,900
Sold Price
$200,000
Premium/Discount to List
-$19,900
-9.05%
Views
184
Current Estimated Value
$238,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,532
Avg. Annual Appreciation
11.49%
Original Mortgage
$196,377
Outstanding Balance
$193,261
Interest Rate
6.88%
Mortgage Type
FHA
Estimated Equity
$45,271

Purchase Details

Listed on
Aug 22, 2012
Closed on
Jan 14, 2013
Sold by
Secretary Of Housing And U
Bought by
Witham James H
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Carolyn Whaley
REMAX Experts
List Price
$104,500
Sold Price
$65,696
Premium/Discount to List
-$38,804
-37.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$49,272
Interest Rate
3.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2012
Sold by
Tennessee Housing Developm
Bought by
Secretary Of Housing And Urban and C/O Mcb Oklahoma Mcm Office

Purchase Details

Closed on
Jun 5, 2012
Sold by
Cross Charles W
Bought by
Tennessee Housing Development

Purchase Details

Closed on
Oct 31, 2008
Sold by
Allen Mitchell D
Bought by
Cross Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,187
Interest Rate
6.11%

Purchase Details

Closed on
Dec 13, 2007
Sold by
Nationwide Trustee Service
Bought by
U S National Association

Purchase Details

Closed on
Jun 7, 2006
Sold by
Ricky Elrod
Bought by
James Jones

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,640
Interest Rate
9.45%

Purchase Details

Closed on
Apr 2, 1991
Bought by
Elrod Rickey and Elrod Donna

Purchase Details

Closed on
May 27, 1986
Bought by
Connell Monte and Connell Nelda

Purchase Details

Closed on
Nov 30, 1982
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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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
Caldwell James $200,000 None Listed On Document
Witham James H $65,696 --
Secretary Of Housing And Urban $131,997 --
Tennessee Housing Development $131,997 --
Cross Charles W $135,000 --
U S National Association $114,750 --
James Jones $163,300 --
Elrod Rickey -- --
Connell Monte -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caldwell James $196,377
Previous Owner Witham James H $49,272
Previous Owner Not Available $127,187
Previous Owner Not Available $130,640
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2024 05/14/24 Sold $200,000 -9.0% $91 / Sq Ft
04/28/2024 04/28/24 Pending -- -- --
03/23/2024 03/23/24 For Sale $219,900 0.0% $100 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $219,900 +234.7% $100 / Sq Ft
01/14/2013 01/14/13 Sold $65,696 -37.1% $27 / Sq Ft View Prior Sale
12/17/2012 12/17/12 Pending -- -- --
08/22/2012 08/22/12 For Sale $104,500 -- $43 / 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
2025 -- $56,350 $0 $0
2024 $1,428 $56,350 $5,100 $51,250
2023 $1,428 $56,350 $5,100 $51,250
2022 $1,301 $39,650 $3,750 $35,900
2021 $1,301 $39,650 $3,750 $35,900
2020 $1,301 $39,650 $3,750 $35,900
2019 $922 $24,575 $2,900 $21,675
2018 $922 $24,575 $2,900 $21,675
2017 $922 $24,575 $2,900 $21,675
2016 $922 $24,575 $2,900 $21,675
2015 $921 $24,575 $2,900 $21,675
2014 $920 $24,551 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laurie McClerkin

    Seller's Agent in 2024

    Laurie McClerkin

    MidSouth Residential, LLC

    (901) 493-2278

    119 Total Sales

    Laurie McClerkin
    Section Image

  • B

    Buyer's Agent in 2024

    Brittney Jasper

    Tiger Realty

    Section Image
  • Jimmie Tapley

    Seller's Agent in 2013

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    217 Total Sales

    Jimmie Tapley
    Section Image

  • C

    Buyer's Agent in 2013

    Carolyn Whaley

    RE/MAX

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10167519

Memphis Area Association of REALTORS®

APN: 041J-E-015.00

Tennessee Tipton County Covington 38019

580 Payne Ave, Covington, TN

Not Listed for Sale

Detached

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