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521 South Tipton Street

521 South Tipton Street, Covington, TN 38019
House in Tipton
Sold Jun 13, 2019
$164,000
$161,029 by Community Mortgage
Mortgage Due Jan 01, 2049
Sold Jul 27, 2017
$129,000
$130,303 by Guaranty Trust
Mortgage Due Aug 01, 2041
521 South Tipton Street in Covington, TN was first built in 1949 and is 75 years old. Although, the building on the property was most recently renovated and altered in 1982. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 521 South Tipton Street has 2,001 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 750 ft and the linear feet between the front and back of the lot is 900. In total, the area measurement of the land is 6,750 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 carport. 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 brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a 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. The property was last sold in May 24, 2019 for $164,000. That's $81.96 per sqft. Prior to that sales transaction, the property was also sold in Jul 25, 2017 for $129,000. 521 South Tipton Street was last assessed in 2023. The total value of the property was assessed at $50,425. Specifically, the land the property is located on was valued at $3,000. While improvements on the property were assessed at a total of $47,425. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,153. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1982
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,750
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,001
  • Building Area: 2,001
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 2,001
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: C43

Ownership

  • Current Owner : GALBREATH BENJAMIN YOUNG
  • Previous Owner : DUPUY DEBORAH E
  • Owner Before Previous Owner: WHALEY LARRY W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: 041F
  • District: 01
  • Parcel: 084041F C 02100
  • Municipality: COVINGTON
  • Latitude: 35.56
  • Longitude: -89.6442

    Address

  • Full Address: 521 S Tipton St
  • Address - House Number: 521
  • Street Direction: S
  • Address - Street Name: Tipton
  • Address - Suffix Type: St
  • State: TN
  • City Name: Covington
  • Carrier Code: C002
  • 4-Digit Zip Code: 2845
  • Zip Code: 38019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,153
  • Tax Rate Code Area: 84A04

    Appraisal Valuation

  • Standard Deviation: 0.4721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 5
  • Final Value: 185,280
  • High Value: 272,766
  • Low Value: 97,793

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $161,029
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 13, 2019
  • First Open Lien Mortgage Loan Amount: $161,029
  • 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: Jan 01, 2049

    Market Valuation

  • Market Total Value: $201,700
  • Market Land Value: $12,000
  • Market Improvement Value: $189,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,425
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $47,425

    Sales

  • Current Sale Contract Date: May 24, 2019
  • Current Sale Recording Date: Jun 13, 2019
  • Current Sale Transaction ID: 11619275727
  • Current Sale Price: $164,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 223877
  • Previous Sale Recording Date: Jul 27, 2017
  • Previous Sale Contract Date: Jul 25, 2017
  • Previous Sale Amount: $129,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE
  • First Mortgage Transaction Date: Jun 13, 2019
  • First Mortgage Loan Amount: $161,029
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTY TRUST
  • Previous Mortgage Transaction Date: Jul 27, 2017
  • Previous Mortgage Loan Amount: $130,303
  • Previous Mortgage Term: 288
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2041

About Covington



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Frequently Asked Questions

What neighborhood is 521 South Tipton Street located in?
The 521 South Tipton Street is a house located in the neighborhood of Tipton in Covington, Covington.
What is the average sales price for listings in 521 South Tipton Street?
The average sales price for units in 521 South Tipton Street is $0 currently.

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