NOT LISTED FOR SALE

1000 Karcher Rd Somerville, TN 38068

Estimated Value: $509,000

235 Acres
$2,168 Price per Acre
10,227,890 Sq Ft Lot

Last Sold December 11, 2020

Last sale price $1,250,000 $744 Per Sq Ft

Current estimated payment $2,850/month

20 Days on Market

Highlights

  • 234.8 Acre Lot
  • Level Lot
  • Crops

About This Lot

As of December 2020

This beautiful farm offers nearly 6,000’ of road frontage with +/-173 acres on the West side and +/-62 acres the East of Karcher Rd, 2 residential dwellings that provide rental income, large pond, 2 old barns, excellent topography, and approximately 200 acres of prime income producing row crop! All conveniently located just outside the Somerville City Limits. Opportunities like this don’t come around often, prime location, the possibilities are endless! List price is $1.4 million.

Last Agent to Sell the Property

Will Bowling

Fayette Realty, LLC License #244119 Listed on: 08/21/2020

Co-Listed By

Justin Wilburn

Fayette Realty, LLC License #340816

Last Buyer's Agent

Justin Wilburn

Fayette Realty, LLC License #340816

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $926

Lot Details

  • 234.8 Acre Lot
  • Rural Setting
  • Level Lot

Farming

  • Crops

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 078 078 02200

Property Details

Property Type

Land

Est. Annual Taxes

$926

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Location: Rural
  • MLS Map #: 653A
  • Price Per Sq Ft: 5323.68
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Well, Septic Tank

Lot Info

  • Acreage: 234.8
  • Lot Size: 234.8 acres
  • Price Per Acre: 5963
  • Zoning: R-1
  • Present Usage: Row Crops
  • Shape: Irregular
  • Topographic Feature: Level, Rolling
  • Zoning Of Adjacent Area: Single Family, Agriculture, Greenbelt, Park

Tax Info

  • Assessor Parcel Number: 078 078 02200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2021
Sold by
Mkm Properties Llc
Bought by
Williams Scott S and Williams Courtney Brooke
Current Estimated Value
$509,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,937
Outstanding Balance
$98,834
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$410,166

Purchase Details

Closed on
Oct 29, 2021
Sold by
Mkm Properties Llc
Bought by
Carter Katrina Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,937
Outstanding Balance
$98,834
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$410,166

Purchase Details

Closed on
Sep 29, 2021
Sold by
Mkm Properties Llc
Bought by
Likert Winston J and Likert Katrina J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,937
Outstanding Balance
$98,834
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$410,166

Purchase Details

Listed on
Aug 21, 2020
Closed on
Dec 10, 2020
Sold by
Mkm Properties Llc and Montague Andrew L
Bought by
B & B Nashville Llc and B&B Nashville Llc
Seller's Agent
Will Bowling
Fayette Realty, LLC
Buyer's Agent
Justin Wilburn
Fayette Realty, LLC
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.43%
Original Mortgage
$0
Interest Rate
2.7%
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 Buyer Sale Price Title Company
Williams Scott S $108,000 None Available
Carter Katrina Faye $118,000 None Available
Putt Lola H $65,500 None Available
Likert Winston J $400,000 Memphis Title Company
B & B Nashville Llc $1,267,089 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Scott S $106,937
Previous Owner B & B Nashville Llc $0
Previous Owner Montague Andrew $13,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $1,250,000 -10.7% $744 / Sq Ft
08/21/2020 08/21/20 For Sale $1,400,000 -- $833 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $926 $71,725 $71,725 --
2023 $926 $71,725 $0 $0
2022 $926 $71,725 $71,725 $0
2021 $1,315 $71,725 $71,725 $0
2020 $1,601 $101,800 $97,675 $4,125
2019 $1,601 $106,200 $91,475 $14,725
2018 $1,601 $106,200 $91,475 $14,725
2017 $1,601 $106,200 $91,475 $14,725
2016 $1,745 $108,700 $94,475 $14,225
2015 $1,745 $108,700 $94,475 $14,225
2014 $1,745 $108,700 $94,475 $14,225
Source: Public Records

Agents Affiliated with this Home

  • Will Bowling

    Seller's Agent in 2020

    Will Bowling

    Fayette Realty, LLC

    (901) 465-6560

    24 in this area

    96 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Justin Wilburn

    Fayette Realty, LLC

    (901) 412-6460

    32 in this area

    146 Total Sales

    Section Image

  • U

    Buyer Co-Listing Agent in 2020

    User54 Train

    TN_MAAR

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10083362

Memphis Area Association of REALTORS®

APN: 078-022.00

Tennessee Fayette County Somerville 38068

1000 Karcher Rd, Somerville, TN

This home is located at 1000 Karcher Rd, Somerville, TN 38068 since 21 August 2020 and is currently estimated at $509,000, approximately $302 per square foot. 1000 Karcher Rd is a home located in Fayette County with nearby schools including Buckley-Carpenter Elementary School, East Junior High School, and Fayette Ware Comprehensive High School.

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