$87,000
SOLD JUL 15, 2021
2.5 Acres
$34,800 Price per Acre
108,900 Sq Ft Lot

Recently Sold

8% Below List Price

8 Days on Market

Highlights

  • Home fronts a pond
  • 2.5 Acre Lot
  • Level Lot

About This Lot

As of December 2021

This is the perfect land for your custom! Imagine all the beautiful memories you and your family will create here. Utilities have been ran to the property. Minimum 4000 sqft, and mandatory HOA ($300/yr).

Last Agent to Sell the Property

Ashley Edwards

Keller Williams License #342812 Listed on: 05/12/2021

Keller Williams

Co-Listed By

Randall Edwards

Keller Williams License #360013

Last Buyer's Agent

Francyetta Seward

C21 Patterson & Assoc. Real Es License #275634

C21 Patterson & Assoc. Real Es

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,366

Year Built

  • 2023

Lot Details

  • 2.5 Acre Lot
  • Home fronts a pond
  • Level Lot

Utilities

  • Septic Tank

Community Details

  • Spring Mill Ph 1 & 2 Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$5,366

Year Built

2023

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Location: Subdivision
  • MLS Map #: 799A
  • MAAR Subdivision Name: ESTATES OF SPRING MILL (THE)
  • Price Per Sq Ft: 34800
  • Miscellaneous: Pond/Lake Frontage
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2023

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Public Water, Septic Tank

Lot Info

  • Acreage: 2.5
  • Lot Size: 107332 SF 253 X 480
  • Price Per Acre: 38000
  • Zoning: RES
  • Lots Available: 1 Only
  • Present Usage: None/Vacant
  • Shape: Irregular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Single Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Dec 15, 2021
Sold by
Batchelor Marcus
Bought by
Knight Gathion and Knight Chandra
Seller's Agent
Francyetta Seward
C21 Patterson & Assoc. Real Es
Buyer's Agent
Raelynn Dorsey
Adaro Realty, Inc.
List Price
$145,000
Sold Price
$95,000
Premium/Discount to List
-$50,000
-34.48%
Total Days on Market
8
Current Estimated Value
$919,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$824,681
Avg. Annual Appreciation
92.00%
Original Mortgage
$500,000
Interest Rate
3.09%
Mortgage Type
Construction

Purchase Details

Listed on
May 12, 2021
Closed on
Jul 12, 2021
Sold by
Patton James Alex and Patton Brandy Nicole
Bought by
Batchelor Marcus
Seller's Agent
Ashley Edwards
Keller Williams
Buyer's Agent
Francyetta Seward
C21 Patterson & Assoc. Real Es
List Price
$95,000
Sold Price
$87,000
Premium/Discount to List
-$8,000
-8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.30%
Original Mortgage
$350,000
Interest Rate
2.96%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 14, 2019
Closed on
Feb 19, 2020
Sold by
Prewitt Dana
Bought by
Patton James Alex and Patton Brandy Nicole
Seller's Agent
Monica Yarbrough
KAIZEN Realty, LLC
Buyer's Agent
Tony Vuong
Keller Williams Realty
List Price
$55,000
Sold Price
$54,000
Premium/Discount to List
-$1,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.59%
Original Mortgage
$45,900
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2014
Sold by
Vintage Homes Llc
Bought by
Independent Bank
Source: Public Records

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Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $95,000 Erickson Title & Closing Llc
Warranty Deed $87,000 Multiple
Warranty Deed $54,000 Saddle Creek Title
Deed In Lieu Of Foreclosure $650,000 Fntg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $756,000 VA
Closed $600,000 VA
Closed $500,000 Construction
Previous Owner $350,000 Construction
Previous Owner $45,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $95,000 -12.8% --
11/04/2021 11/04/21 Pending -- -- --
10/15/2021 10/15/21 Price Changed $109,000 -5.2% --
09/10/2021 09/10/21 Price Changed $115,000 -4.2% --
08/27/2021 08/27/21 Price Changed $120,000 -11.1% --
08/24/2021 08/24/21 Price Changed $135,000 -6.9% --
08/17/2021 08/17/21 For Sale $145,000 +66.7% --
07/15/2021 07/15/21 Sold $87,000 -8.4% --
05/12/2021 05/12/21 For Sale $95,000 +75.9% --
02/20/2020 02/20/20 Sold $54,000 -1.8% --
02/13/2020 02/13/20 Pending -- -- --
07/14/2019 07/14/19 For Sale $55,000 +10.0% --
02/28/2018 02/28/18 Sold $50,000 0.0% --
10/22/2017 10/22/17 Pending -- -- --
09/12/2016 09/12/16 For Sale $50,000 -- --
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
2025 $5,366 $230,225 $37,200 $193,025
2024 $5,366 $152,200 $23,550 $128,650
2023 $3,499 $53,450 $23,550 $29,900
2022 $798 $23,550 $23,550 $0
2021 $954 $23,550 $23,550 $0
2020 $506 $12,500 $12,500 $0
2019 $506 $12,500 $12,500 $0
2018 $506 $12,500 $12,500 $0
2017 $968 $23,550 $23,550 $0
2016 $568 $13,000 $0 $0
2014 $568 $13,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10099103

Memphis Area Association of REALTORS®

APN: D0-216G-C0-0011