$16,000,000
PENDING $4M PRICE DROP

1243 Sparta Pike Lebanon, TN 37090

Estimated payment $88,888/month

Total Views 12,504
56 Acres
$286,430 Price per Acre
2,433,262 Sq Ft Lot

Highlights

  • 55.86 Acre Lot
  • Wooded Lot
  • No Heating

About This Lot

Amazing 'farm' with over 55 acres, 2 houses, 3 barns, and 3 ponds. Approximately 400' from exit 239, so super easy access to Interstate 40 and side road access on Phelan Drive. Buyer will want to have zoning changed to desired category....the possibilities are endless! This farm has never been on the market. Family owned and operated since 1940. Electricity and City water on property, city sewer is on Sparta Pike.

Listing Agent

Kay Cook

Compass RE Brokerage Phone: 6154901574 License #231634 Listed on: 06/22/2024

Compass RE

Co-Listing Agent

Camille Burdine

Capital Real Estate Services Brokerage Phone: 6154901574 License #355748

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,198

Lot Details

  • 55.86 Acre Lot
  • Property fronts a state road
  • Wooded Lot
  • Property is zoned Ag

Schools

  • Watertown Elementary School
  • Watertown Middle School
  • Watertown High School

Additional Features

  • Property has 3 Levels
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 082 07700 000

Property Details

Property Type

Land

Est. Annual Taxes

$3,198

Lot Details

0

Listing Details

  • Prop. Type: Farm
  • Habitable Residence: No
  • Inclusions: LDBLG
  • Unit Levels: Three Or More
  • ResoPropertyType: Farm
  • Attribution Contact: 6154901574
  • Special Features: UnderContract
  • Property Sub Type: LotsLands

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • Road Frontage Type: State Road
  • Road Surface Type: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No
  • Utilities: Water Available

Lot Info

  • Zoning: Ag
  • Lot Features: Cleared, Wooded
  • Lot Size Acres: 55.86
  • Lot Size Units: Acres
  • Parcel #: 082 07700 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3198

MLS Schools

  • Elementary School: Watertown Elementary
  • High School: Watertown High School
  • Middle Or Junior School: Watertown Middle School

Map

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

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 $2,551 $115,600 $42,975 $72,625
2022 $3,199 $110,600 $42,975 $67,625
2021 $3,198 $188,425 $120,800 $67,625
2020 $2,703 $110,600 $42,975 $67,625
2019 $617 $71,900 $38,050 $33,850
2018 $2,523 $71,900 $38,050 $33,850
2017 $2,523 $71,900 $38,050 $33,850
2016 $2,523 $71,900 $38,050 $33,850
2015 $2,608 $71,900 $38,050 $33,850
2014 $1,737 $47,884 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Pending -- -- --
01/13/2025 01/13/25 Price Changed $16,000,000 0.0% --
01/13/2025 01/13/25 For Sale $16,000,000 -20.0% --
01/01/2025 01/01/25 Off Market $20,000,000 -- --
06/22/2024 06/22/24 For Sale $20,000,000 -- --
Source: Realtracs

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $50,000 Commercial
Source: Public Records

Source: Realtracs

MLS Number: 2670634

Realtracs

APN: 082-077.00