NOT LISTED FOR SALE

63 Stout Cove Covington, TN 38019

Estimated Value: $129,000 - $159,000

4 Beds
2 Baths
1,200-1,399 Sq Ft
$103/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $105,000 $75 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $831/month

18 Days on Market

About This Home

As of October 2023

What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 08/12/2023

Last Buyer's Agent

Ali Spoon

Covington Realty & Auction LLC License #363231

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $869

Year Built

  • Built in 2007

Lot Details

  • 0.36 Acre Lot

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,248 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Stout Subd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 018L 018L F01300

Home Details

Home Type

Single Family

Est. Annual Taxes

$869

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 623C
  • MAAR Subdivision Name: STOUT
  • Number Of Stories: 1
  • Price Per Sq Ft: 84.13
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1248
  • Year Built: 2007
  • List Price/ Sq Ft: 79
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Lot Info

  • Lot Number: 13
  • Acreage: 0.36
  • Lot Size: 0.27
  • Price Per Acre: 272222

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 018L 018L F01300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Mccullough Properties Llc
Bought by
Edmondson Rentals Ii Llc
Current Estimated Value
$144,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,300
Interest Rate
7.02%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 12, 2023
Closed on
Oct 16, 2023
Sold by
Crestcore Ii Llc
Bought by
Mccullough Randy
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Ali Spoon
Covington Realty & Auction LLC
List Price
$98,000
Sold Price
$105,000
Premium/Discount to List
$7,000
7.14%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.10%
Original Mortgage
$84,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2014
Sold by
Stout Paul
Bought by
Your Home Llc
Source: Public Records

Range of Values:

Collateral Analytics

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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
Edmondson Rentals Ii Llc $1,775,000 Medlock Title And Escrow
Mccullough Randy $105,000 None Listed On Document
Your Home Llc $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edmondson Rentals Ii Llc $529,300
Previous Owner Mccullough Randy $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2023 10/16/23 Sold $105,000 +7.1% $88 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/12/2023 08/12/23 For Sale $98,000 -- $82 / 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 $869 $34,300 $4,875 $29,425
2023 $869 $34,300 $4,875 $29,425
2022 $788 $24,025 $3,575 $20,450
2021 $788 $24,025 $3,575 $20,450
2020 $788 $24,025 $3,575 $20,450
2019 $862 $22,975 $2,750 $20,225
2018 $862 $22,975 $2,750 $20,225
2017 $862 $22,975 $2,750 $20,225
2016 $862 $22,975 $2,750 $20,225
2015 $861 $22,975 $2,750 $20,225
2014 $861 $22,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2023

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    1,438 Total Sales

    Dean Harris
    Section Image
  • Ali Spoon

    Buyer's Agent in 2023

    Ali Spoon

    Covington Realty & Auction LLC

    (901) 355-9503

    59 Total Sales

    Ali Spoon
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10154300

Memphis Area Association of REALTORS®

APN: 018L-F-013.00

Tennessee Tipton County Covington 38019

63 Stout Cove, Covington, TN

This home is located at 63 Stout Cove, Covington, TN 38019 since 12 August 2023 and is currently estimated at $144,667, approximately $103 per square foot. This property was built in 2007. 63 Stout Cove 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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