NOT LISTED FOR SALE

1318 New Salem Rd Gainesboro, TN 38562

Estimated Value: $250,000 - $425,886

86.17 Acres
$4,019 Price per Acre
3,753,565 Sq Ft Lot

Last Sold August 18, 2016

Last sale price $125,000

Est. 177% increase in value since last sale

Current estimated payment $1,993/month

Highlights

  • Barn
  • Home fronts a creek
  • Property is near a spring
  • Horse Property
  • 86.17 Acre Lot
  • No HOA

About This Lot

As of August 2016

Excellent SW Jackson County location, between Gainesboro and Cookeville, TN. 87.85 surveyed acres consisting of about 14 acres of open pasture and the balance in woods. Wet weather creek at bottom, plus a small pond. Owner says there is a year round spring in the hollow. Convenient to town , I-40 and the lakes for fishing and boating. Electric already on the property, city water available. Good road frontage and access. Multiple home site options. Priced below recent tax appraisal. Old home and shed but not live able. Loaded with deer and other wildlife. Listing consists of 3 parcels being sold together.

Last Agent to Sell the Property

Hannah Horseman

Horseman Real Estate, Llc Brokerage Phone: 9316446590 License #297619 Listed on: 02/14/2016

Last Buyer's Agent

Hannah Horseman

Horseman Real Estate, Llc Brokerage Phone: 9316446590 License #297619 Listed on: 02/14/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $314

Lot Details

  • 86.17 Acre Lot
  • Home fronts a creek
  • Home fronts a pond
  • Property fronts a county road

Farming

  • Barn

Utilities

  • Natural Gas Not Available
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 015.00

Community Details

Overview

  • No Home Owners Association

Recreation

  • Property is near a spring
  • Horse Property

Property Details

Property Type

Land

Est. Annual Taxes

$314

Lot Details

0

Listing Details

  • Attribution Contact: 9316446590
  • Directions: From I-40 exit #280, Baxter TN exit, go north on Hwy 56 about 12 miles and turn left on New Salem Rd. Go 2.8 miles and turn left onto gravel road into property.
  • Prop. Type: Land
  • Property Sub Type: Unrestricted
  • Horses: Yes
  • Lot Size Acres: 86.17
  • Lot Size: see survey
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Special Features: None

Interior Features

  • Possible Use: Single Family, Farm

Exterior Features

  • Topography: Level,Steep,Rolling,Slopes Below Road
  • Lot Features: Horse Property
  • Waterfront Features: Creek, Pond, Spring
  • Other Structures: Barn(s)

Utilities

  • Electric: Public
  • Sewer: Septic Tank
  • Gas Company: none
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Natural Gas Not Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 3753565.2
  • Farm Land Area Units: Square Feet
  • Wooded Area: 3049200
  • Parcel #: 015.00
  • Irrigation Water Rights: No

Tax Info

  • Tax Annual Amount: 314.21
  • Tax Book Number: 71
  • Tax Map Number: 068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2016
Closed on
Aug 18, 2016
Sold by
Allen Keith Bryant
Bought by
Vaughn Daniel R and Vaughn Carolyn L
Seller's Agent
Hannah Horseman
Horseman Real Estate, Llc
Buyer's Agent
Hannah Horseman
Horseman Real Estate, Llc
Sold Price
$125,000
Current Estimated Value
$346,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,295
Avg. Annual Appreciation
15.20%

Purchase Details

Closed on
Nov 17, 2000
Sold by
Keith Allen
Bought by
Taylor Phillip W

Purchase Details

Closed on
Nov 8, 2000
Bought by
Bryant Allen Keith

Purchase Details

Closed on
Sep 16, 1963

Purchase Details

Closed on
Nov 29, 1957
Bought by
Huff Nettie
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
Vaughn Daniel R $125,000 --
Taylor Phillip W $24,000 --
Keith Allen $108,150 --
Bryant Allen Keith $108,200 --
-- -- --
Huff Nettie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allen Keith Bryant $10,000
Previous Owner Allen Keith Bryant $37,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2016 08/18/16 Sold $125,000 0.0% --
01/01/1970 01/01/70 Off Market $125,000 -- --
Source: Upper Cumberland 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 $1,316 $51,625 $19,550 $32,075
2023 $1,316 $51,625 $19,550 $32,075
2022 $1,161 $51,625 $19,550 $32,075
2021 $1,161 $51,625 $19,550 $32,075
2020 $403 $51,625 $19,550 $32,075
2019 $403 $14,450 $14,450 $0
2018 $403 $14,450 $14,450 $0
2017 $403 $14,450 $14,450 $0
2016 $393 $14,450 $14,450 $0
2015 $401 $14,075 $14,075 $0
2014 $314 $11,025 $11,025 $0
Source: Public Records

Agents Affiliated with this Home

  • Hannah Horseman

    Seller's Agent in 2016

    Hannah Horseman

    Horseman Real Estate, Llc

    (931) 644-6590

    60 Total Sales

    Hannah Horseman
    Section Image

  • O

    Buyer Co-Listing Agent in 2016

    Other Other Non Realtor

    Other Non Member Office

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Map

Source: Upper Cumberland Association of REALTORS®

MLS Number: 174073

Upper Cumberland Association of REALTORS®

APN: 068-015.00

Tennessee Jackson County Gainesboro 38562

1318 New Salem Rd, Gainesboro, TN

This home is located at 1318 New Salem Rd, Gainesboro, TN 38562 since 14 February 2016 and is currently estimated at $346,295. 1318 New Salem Rd is a home located in Jackson County with nearby schools including Jackson County High School.

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Upper Cumberland Association of REALTORS® Copyright 2025 Upper Cumberland Board of Realtors. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Upper Cumberland Board of Realtors.
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