$399,000
SOLD SEP 24, 2019
Last list price
-- Bed
-- Bath
959 Sq Ft
1 Acres

Recently Sold

$416 Per Sq Ft

23 Days on Market

Highlights

  • Corner Lot
  • Covington Elementary School Rated A-
  • Property has 1 Level

About This Home

As of September 2019

Beautiful double lot in Historic Downtown Covington! Corner of Lee Lane & Walker Alley. Zoned Commercial - with room for expansion and parking! Potential to be subdivided or re-developed. Buyer to verify zoning changes allowable. Adorable cottage currently used as a well-lit retail space, 1 bathroom, and 2 dressing rooms. Private showings, by appt only; please do not disturb the business tenant.

Last Agent to Sell the Property

Lisa Shedlock

FQR Realtors License #995689421 Listed on: 08/01/2019

Last Buyer's Agent

Lisa Shedlock

FQR Realtors License #995689421 Listed on: 08/01/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,626

Lot Details

  • Lot Dimensions are 80x120
  • Corner Lot
  • Rectangular Lot
  • Zoning described as Comm

Parking

  • 3 Parking Spaces

Interior Spaces

  • 959 Sq Ft Home
  • Property has 1 Level
  • Living Quarters

Location

  • City Lot

Community Details

  • Covington Subdivision

Listing and Financial Details

  • The owner pays for all utilities, insurance
  • Assessor Parcel Number 70433827WALKERALLEYNO

Property Details

Property Type

Other

Est. Annual Taxes

$2,626

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 80x120
  • Subdivision Name: Covington
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Mixed Use, None, Retail
  • Year Built Details: 80
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1

Interior Features

  • Owner Pays: All Utilities, Insurance
  • Living Area: 959.0

Exterior Features

  • Lot Features: Corner Lot, City Lot, Rectangular Lot
  • Other Structures: Living Quarters
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 70433827WALKERALLEYNO
  • Zoning Description: Comm
  • Zoning: Comm
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2019
Closed on
Sep 24, 2019
Sold by
Viguetproperties Llc
Bought by
Binola Properties Llc
Seller's Agent
Lisa Shedlock
FQR Realtors
Buyer's Agent
Lisa Shedlock
FQR Realtors
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%
Current Estimated Value
$424,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,597
Avg. Annual Appreciation
3.70%
Original Mortgage
$272,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 21, 2018
Closed on
Nov 5, 2018
Sold by
Lanter Llc
Bought by
Viguetproperties Llc
Seller's Agent
Lisa Shedlock
FQR Realtors
Buyer's Agent
Lisa Shedlock
FQR Realtors
List Price
$349,000
Sold Price
$290,000
Premium/Discount to List
-$59,000
-16.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.81%
Original Mortgage
$232,000
Interest Rate
4.7%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Cash Sale Deed $340,000 First American Title
Cash Sale Deed $290,000 Crescent Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $404,000 Commercial
Closed $272,000 Commercial
Previous Owner $232,000 Commercial
Previous Owner $50,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2019 09/24/19 Sold -- -- --
08/25/2019 08/25/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $399,000 +14.3% $416 / Sq Ft
11/05/2018 11/05/18 Sold -- -- --
10/06/2018 10/06/18 Pending -- -- --
08/21/2018 08/21/18 For Sale $349,000 -- $364 / Sq Ft
Source: ROAM MLS

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 $2,626 $4,746 $0 $4,746
2023 $2,626 $23,946 $19,200 $4,746
2022 $283,426 $23,946 $19,200 $4,746
2021 $2,830 $23,946 $19,200 $4,746
2020 $2,838 $23,946 $19,200 $4,746
2019 $2,955 $23,946 $19,200 $4,746
2018 $2,551 $20,650 $12,540 $8,110
2017 $2,576 $20,650 $12,540 $8,110
2016 $2,589 $20,650 $12,540 $8,110
2015 $2,542 $19,760 $12,000 $7,760
2014 $2,517 $19,760 $12,000 $7,760
2013 -- $19,760 $12,000 $7,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 2217333

APN: 17884