NOT LISTED FOR SALE

1241 Cr 331 Falkner, MS 38629

Estimated Value: $172,000 - $206,000

40 Acres
$4,691 Price per Acre
1,742,400 Sq Ft Lot

Last Sold August 27, 2024

Current estimated payment $1,061/month

44 Days on Market

Highlights

  • 40 Acre Lot
  • Wooded Lot
  • No HOA

About This Lot

As of August 2024

This 40-acre +/- tract with a home located on CR 311 just ¼ mile from the Holly Springs National Forest would make a perfect hunting camp or your country home or great investment property. The timber stand is mixed pine of different size classes with a beautiful hardwood bottom on the west side. There are also 3 acres of open pasture for your horses or cattle. Large deer are harvested each year in the hardwood stand. The one-story frame house contains 1,184 sf of heated area with 3 bedrooms and 2 baths. It is in good condition. The metal roof is 8 years old. Vinyl plank flooring has been installed throughout recently. The property features two sheds for storage, a dog pen, a chicken pen, a garden spot, pear and chestnut trees. The house is currently rented for $800/month with a HUD month to month lease. This lease can be assumed by the purchaser or cancelled.

Last Agent to Sell the Property

Tom Wiseman

Tom Smith Land & Homes, Llc License #11543 Listed on: 04/03/2024

Last Buyer's Agent

Tanner Hernandez

Kitchens Realty Group License #S-55995

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $775

Lot Details

  • 40 Acre Lot
  • Wooded Lot

Utilities

  • Septic Tank

Community Details

  • No Home Owners Association
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1-423-17-007.02

Property Details

Property Type

Land

Est. Annual Taxes

$775

Lot Details

0

Listing Details

  • Property Sub Type: Acreage (more than 10 acres)
  • Prop. Type: Land
  • Lot Size Acres: 40.0
  • Subdivision Name: Metes And Bounds
  • Directions: From Walnut, MS: Take Hwy 72 west of Hwy 15 5.9 miles to CR 323. Turn left and travel 3 miles to CR 331. Turn right and travel 0.6 miles to the property on both sides of CR 331.
  • New Construction: No
  • General Property Information:New Construction: No
  • Special Features: None

Interior Features

  • Possible Use: Hunting, Investment, Recreational, Residential, Timber

Exterior Features

  • Lot Features: Wooded, See Remarks
  • WaterfrontFeaturesWaterfront: No
  • Lot Features:See Remarks39: Yes
  • Lot Features:Wooded: Yes

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Community
  • Sewer Septic Tank: Yes

Association/Amenities

  • HorseAmenitiesHorseAmenities: No
  • Tax and Financial Information:Association: No

Lot Info

  • Current Use: Recreational, Residential, Timber
  • Parcel #: 1-423-17-007.02
  • Lot Size Sq Ft: 1742400.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 774.68
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Aug 27, 2024
Sold by
Sims Perry and Sims Judy
Bought by
Gibson Caleb L and Gibson Leah Marie
Seller's Agent
Tom Wiseman
Tom Smith Land & Homes, Llc
Buyer's Agent
Tanner Hernandez
Kitchens Realty Group
List Price
$175,000
Views
90
Current Estimated Value
$187,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$156,937
Outstanding Balance
$155,414
Interest Rate
6.77%
Mortgage Type
VA
Estimated Equity
$32,214

Purchase Details

Closed on
May 13, 2022
Sold by
Sims and Judy
Bought by
Sims Rentals Llc
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
Gibson Caleb L -- None Listed On Document
Sims Perry -- Select Title
Sims Rentals Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Caleb L $156,937
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 Sold -- -- --
05/18/2024 05/18/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $175,000 -- --
Source: MLS United

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 $787 $5,539 $0 $0
2023 $787 $5,539 $0 $0
2022 $832 $5,819 $0 $0
2021 $833 $5,852 $0 $0
2020 $834 $5,885 $0 $0
2019 $807 $5,921 $0 $0
2018 $792 $5,869 $0 $0
2017 $753 $5,849 $0 $0
2016 $704 $5,775 $0 $0
2015 $568 $4,898 $0 $0
2014 $585 $4,792 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Wiseman

    Seller's Agent in 2024

    Tom Wiseman

    Tom Smith Land & Homes, Llc

    (662) 317-0467

    33 Total Sales

    Tom Wiseman
    Section Image

  • T

    Buyer's Agent in 2024

    Tanner Hernandez

    Kitchens Realty Group

    (901) 494-8459

    37 Total Sales

    Tanner Hernandez
    Section Image
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Map

Source: MLS United

MLS Number: 4075380

MLS United

APN: 1-423-17-007.00

Mississippi Tippah County Falkner 38629

1241 Cr 331, Falkner, MS

This home is located at 1241 Cr 331, Falkner, MS 38629 since 03 April 2024 and is currently estimated at $187,628. 1241 Cr 331 is a home located in Tippah County.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS United Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.

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