Sold
Last Sold Price
904 sqft$111/sqft
507 Silver Cove, Ripley, TN 38063
Multi FamilyProperty Type
8,600 sq ftLot Size
1996Year Built
$111/sq ftPrice per sq ft

Description

Great investment opportunity or addition to your rental portfolio! Seller prefers to sell as Package deal of (2) houses. 507 Silver Cv, and 145 Peach St, Ripley, TN. Properties are all occupied. Each property is 2BR/1BA with Laundry room, and 1-car carport, vinyl siding, HVAC, good roof. Do not approach or disturb tenants. No showings without an accepted offer. No sign. Call today!Great investment opportunity or addition to your rental portfolio! Seller prefers to sell as Package deal of (2) houses. 507 Silver Cv, and 145 Peach St, Ripley, TN. Properties are all occupied. Each property is 2BR/1BA with Laundry room, and 1-car carport, vinyl siding, HVAC, good roof. Do not approach or disturb tenants. No showings without an accepted offer. No sign. Call today!
  • Listed by: Keith Kirkpatrick • Crye-Leike, Inc., REALTORS
Listing closed: 09/22/2022 12:00 AM • Source: MAARMLS, MLS#: 10122156

Recent comparable sales

Median sold price

$182,000

Avg days on market

62

Sale-to-list ratio

87.1%

Ripley, TN

9 comparable properties found

front view of a house with a yard
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Sold 08/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres
a front view of a house with a garden
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Sold 09/23/25

Unavailable
Bedrooms
Unavailable
Bathrooms
13,000
Square Feet
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Acres
a view of a car parked on the side of the road
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Unavailable
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Sold 03/21/25

Unavailable
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Sold 12/19/24

Unavailable
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Unavailable
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Square Feet
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an aerial view of a house with swimming pool and green space
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Sold 01/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
7.6
Acres
$6,000 | 326 Robin Drive, Ripley, TN 38063
1/6
7

$6,000

Sold 03/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.33
Acres
a view of an ocean
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8

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Sold 12/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
62.66
Acres
$12,500 | 0 South Washington Street, Ripley, TN 38063
1/5
9

$12,500

Sold 03/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres

Location

Listing Courtesy of Crye-Leike, Inc., REALTORS

Sold By Unique Properties

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$1,829 per month

30 year fixed, 6.55% Interest

Principal and Interest

$508

Property Taxes

$1,321

HOA Dues

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Property Information for 507 Silver Cove

Property Details
  • Taxes: $15,852 / year
  • MLS Type: Multi-Family / Other (See REMARKS)
  • Area: 691R
  • MAAR Subdivision Name: Multiple
  • Legal Subdivision Name: .
Building Information
  • Stories: 1
  • Residences: 2
  • Year Built: 1996
  • Lot Size: 0.20 AC / 8,600 SF
Summary
Location and General Information
  • Address: 507 SILVER CV
  • Address Search Number: 507
  • Directions: From Highway 19E, exit onto Washington St S to left on Silver Cv, home on L. Take Washington St N to R on Jefferson, R on Highland, Left on E End, R on Peach. House on Left
  • Map Coordinate: R
  • MLS Map Num: Lauderdale County
Taxes and HOA Information
  • Hot Water: Electrical, Public Sewer, Public Water
  • LVT Date: 04-21-2022
Property
Lot Information
  • Lot Size: 8600
  • Parcel ID: 094L 032.00, 094L 033.00
Property and Assessments
  • Amenities: Cable T.V.
  • Foundation: Conventional/Crawl Space
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Freestanding), Exhaust Fan/Vent Hood
  • Floors/Ceilings: 8 Feet, Dry Wall, Partial Carpet, Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 2
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 2
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Vinyl Siding
  • Cooling Systems: 220 Wiring, Central, Electrial
  • Existing Financing: Clear
  • Gross Potential Annl Rent: $14,400
  • Heating Systems: Central, Gas
  • Laundry: Connections
  • Miscellaneous Exterior: Some Landscaping
  • Operating Expenses: Pest Control, Repairs/Maintenance, Taxes
  • Parking Facility: 1 Per Unit, Attached, Covered
  • Possession: At Closing, Tenants Rights
  • Sale Includes: All Appliances, Building and Land
  • Source Of Info: Owner, Rent Roll
  • Tenant Pays: All Utilities, Cable TV, Lawn Maintenance
  • Type Units: 2 BR - 1 Bath

Property History for 507 Silver Cove

DateEvent & SourcePriceAppreciation
Sep 22, 2022

Sold

MAARMLS #10122156

Sep 22, 2022

Contract Signed

MAARMLS #10122156

Sep 20, 2022

Sold

MAARMLS #10122156

$100,000
DateEvent & SourcePrice
09/22/2022

Sold

MAARMLS #10122156

09/22/2022

Contract Signed

MAARMLS #10122156

09/20/2022

Sold

MAARMLS #10122156

$100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 507 Silver Cove

Taxable ValueLand$1,600Additions$13,850Total$15,450
Tax Record2024$392 ($33 / month)
Home Facts
Beds0Total Finished SqFt904 SqFtAbove Grade Finished SqFt904 SqFtStories1Lot Size14,670 SqFtStyleSingle Family ResidenceYear Built1994Year Renovated2001ZoningR2CountyLAUDERDALEAPN101D F 00400

Schools near 507 Silver Cove

This home is within Lauderdale County School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Ripley Primary School
PublicPK to 2

Ripley Elementary School
Public3 to 5

Ripley Middle School
Public6 to 8

Ripley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 507 Silver Cove, Ripley, TN 38063
$100,000
904
8,600
1
1,008
13,040
1
939
14,670
3
1,396
12,720
1
1,034
12,220
$65,000
2
1,248
11,960

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike, Inc., REALTORS

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.