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505 North College Street

505 North College Street, Covington, TN 38019
Property in Tipton
Sold Jul 05, 2023
$1,557,900
Sold Nov 02, 2021
$555,000
$764,400 by Bank Of Ripley
Mortgage Due Nov 01, 2024
505 North College Street in Covington, TN was first built in 1943 and is 81 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 505 North College Street has 1,870 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 920 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 9,200 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 288 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of C-. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of paneling. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a radiant heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 505 North College Street was last sold in May 25, 2023 for $1,557,900. According to our calculations, that's $833.10 per sqft. Prior to that sales transaction, the property was sold for $555,000 in Nov 1, 2021. Current property owners are expected to pay $566 in taxes per year. The property on 505 North College Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $24,700. To break that down further, the land itself was valued at $3,175. While improvements to the property were assessed at a total of $21,525. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C-
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 9,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 920
  • Total Building Area: 1,870
  • Building Area: 1,870
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Radiant
  • Heated Square Feet: 1,870
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.211
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: C80

Ownership

  • Current Owner : H & H HOLDINGS 1 LLC
  • Previous Owner : EDMONDSON RENTALS LLC
  • Owner Before Previous Owner: CROMWELL & SCOTT LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tipton County School District
  • School Tax School District: 84171
  • Census Tract: 040700

Geography

  • Assessors Map Reference: 025N
  • District: 01
  • Parcel: 084025O E 01600
  • Municipality: COVINGTON
  • Latitude: 35.5702
  • Longitude: -89.6485

    Address

  • Full Address: 505 N College St
  • Address - House Number: 505
  • Street Direction: N
  • Address - Street Name: College
  • Address - Suffix Type: St
  • State: TN
  • City Name: Covington
  • Carrier Code: C004
  • 4-Digit Zip Code: 2005
  • Zip Code: 38019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $566
  • Tax Rate Code Area: 84A04

    Appraisal Valuation

  • Standard Deviation: 0.4721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 5
  • Final Value: 137,725
  • High Value: 202,756
  • Low Value: 72,693

    Market Valuation

  • Market Total Value: $98,800
  • Market Land Value: $12,700
  • Market Improvement Value: $86,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,700
  • Assessed Land Value: $3,175
  • Assessed Improvements Value: $21,525

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: Jul 05, 2023
  • Current Sale Transaction ID: 11908972300
  • Current Sale Price: $1,557,900
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 267378
  • Previous Sale Recording Date: Nov 02, 2021
  • Previous Sale Contract Date: Nov 01, 2021
  • Previous Sale Amount: $555,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF RIPLEY
  • Previous Mortgage Transaction Date: Nov 02, 2021
  • Previous Mortgage Loan Amount: $764,400
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2024

About Covington



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Frequently Asked Questions

What neighborhood is 505 North College Street located in?
The 505 North College Street is a located in the neighborhood of Tipton in Covington, Covington.
What is the average sales price for listings in 505 North College Street?
The average sales price for units in 505 North College Street is $0 currently.

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