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267 Ervin Lane

267 Ervin Lane, Covington, TN 38019
House in Ervin Ln
Sold May 03, 2023
$144,000
$139,194 by Mortgage Investors Group
Mortgage Due May 01, 2053
Sold May 09, 2007
$43,000
267 Ervin Lane has been categorized by the local assessors in Covington, TN as a residential type of property. The building on the property was first built in 1988 and is 36 years old. However, we must point out that the home was most recently renovated and altered in 2000. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 267 Ervin Lane has 1,108 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,200 ft and across the front of the lot is 950 ft. The area measurement of the land has been determined as 20,909 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C- by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of unknown. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 267 Ervin Lane was last sold in Apr 27, 2023 for $144,000. According to our calculations, that's $129.96 per sqft. Prior to that sales transaction, the property was sold for $43,000 in Jan 1, 1970. Current property owners are expected to pay $531 in taxes per year. The property on 267 Ervin Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $27,750. To break that down further, the land itself was valued at $4,250. While improvements to the property were assessed at a total of $23,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C-
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 20,909
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 950
  • Total Building Area: 1,108
  • Building Area: 1,108
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,108
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ERVIN LN
  • Land Acres: 0.48
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: C40

Ownership

  • Current Owner : LEDBETTER SHAWN O
  • Previous Owner : KALMON NATHAN S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Tipton County School District
  • School Tax School District: 84171
  • Census Tract: 040601

Geography

  • Assessors Map Reference: 018F
  • District: 01
  • Parcel: 084018E A 00300
  • Lot: 3
  • Municipality: COVINGTON
  • Latitude: 35.6048
  • Longitude: -89.6406

    Address

  • Full Address: 267 Ervin Ln
  • Address - House Number: 267
  • Address - Street Name: Ervin
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Covington
  • Carrier Code: R007
  • 4-Digit Zip Code: 1504
  • Zip Code: 38019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $531
  • Tax Rate Code Area: 84A04

    Appraisal Valuation

  • Standard Deviation: 0.0959
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 91
  • Final Value: 131,891
  • High Value: 144,548
  • Low Value: 119,234

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $145,194
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP
  • First Open Lien Mortgage Recording Date: May 03, 2023
  • First Open Lien Mortgage Loan Amount: $139,194
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2053
  • Second Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP
  • Second Open Lien Mortgage Recording Date: May 03, 2023
  • Second Open Lien Mortgage Loan Amount: $6,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $111,000
  • Market Land Value: $17,000
  • Market Improvement Value: $94,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,750
  • Assessed Land Value: $4,250
  • Assessed Improvements Value: $23,500

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: May 03, 2023
  • Current Sale Transaction ID: 11905977320
  • Current Sale Price: $144,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 265919
  • Previous Sale Recording Date: May 09, 2007
  • Previous Sale Amount: $43,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP
  • First Mortgage Transaction Date: May 03, 2023
  • First Mortgage Loan Amount: $139,194
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2053
  • Second Mortgage Lender: MORTGAGE INVESTORS GROUP
  • Second Mortgage Transaction Date: May 03, 2023
  • Second Mortgage Loan Amount: $6,000
  • Second Mortgage Terms: 30
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: May 01, 2053

About Ervin Ln



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Frequently Asked Questions

What neighborhood is 267 Ervin Lane located in?
The 267 Ervin Lane is a house located in the neighborhood of Ervin Ln in Ervin Ln, Covington.
What is the average sales price for listings in 267 Ervin Lane?
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