NOT LISTED FOR SALE

1520 Gulf Rd Spencer, TN 38585

Estimated Value: $159,000 - $187,000

3 Beds
1 Bath
900 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $149,900 $167 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $954/month

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Wood Siding
  • 1-Story Property

About This Home

As of August 2022

ADORABLE MOVE-IN-READY COTTAGE JUST OUTSIDE OF FALL CREEK FALLS STATE PARK. This 3 bedroom, 1 bath home sits on a, unrestricted 1.5+/- acre lot. Home currently primary residence but perfect for AirB&B, and enough room to put another cabin or manufactured home for more income potential. Nice pasture view from back yard. Fall Creek Falls is TN's largest most visited state park. New wiring, HVAC 2.5 years old, large laundry/pantry, storage shed, Fiber Optic, convenient to Hwy 30, great neighborhood, across from Grand View Village (gated community with many vacation rentals). This affordable home will go FHA and VA too! Buyer to verify information to make an informed offer.

Last Agent to Sell the Property

Melissa Harmon

RE/MAX Finest Brokerage Phone: 9314844003 License #341941 Listed on: 08/03/2022

RE/MAX Finest

Last Buyer's Agent

Melissa Harmon

RE/MAX Finest Brokerage Phone: 9314844003 License #341941 Listed on: 08/03/2022

RE/MAX Finest

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $418

Year Built

  • Built in 1960

Lot Details

  • 1.5 Acre Lot

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 005.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$418

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Attribution Contact: 9314844003
  • Directions: From State Route 30 turn right onto Gulf Rd, first home on left with sign.
  • Unit Levels: One
  • Prop. Type: Residential
  • Year Built: 1960
  • Property Sub Type: Site Built w/Acreage
  • Lot Size Acres: 1.5
  • Lot Size: irreg
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Electric Range, Refrigerator
  • Has Basement: Crawl Space
  • Flooring: Pergo Style
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 900

Exterior Features

  • Roof: Metal
  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, caney fork
  • Heating: Central, Electric
  • Sewer: Septic Tank
  • Gas Company: none
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Not Available
  • Water Source: Public, Utility District, public utility

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: none
  • Lot Size Sq Ft: 65340
  • Farm Land Area Units: Square Feet
  • Parcel #: 005.00
  • Irrigation Water Rights: No

Tax Info

  • Tax Annual Amount: 418.2
  • Tax Book Number: 105
  • Tax Map Number: 048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2020
Closed on
Jun 30, 2020
Sold by
Jimerson Paul G
Bought by
Gildelatorre Alejandro
Seller's Agent
Melissa Harmon
RE/MAX Finest
Buyer's Agent
Melissa Harmon
RE/MAX Finest
Sold Price
$89,000
Current Estimated Value
$172,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,210
Avg. Annual Appreciation
13.01%
Original Mortgage
$87,387
Outstanding Balance
$78,347
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$89,983

Purchase Details

Closed on
Aug 29, 2016
Sold by
Guy Gladys
Bought by
Jimerson Paul G

Purchase Details

Closed on
Dec 10, 1960
Bought by
Green Eli
Source: Public Records

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 Buyer Sale Price Title Company
Gildelatorre Alejandro $89,000 None Available
Jimerson Paul G $25,000 --
Green Eli $200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gildelatorre Alejandro $1,885
Open Gildelatorre Alejandro $9,244
Open Gildelatorre Alejandro $87,387
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2022 08/25/22 Sold $149,900 +68.4% $167 / Sq Ft
06/30/2020 06/30/20 Sold $89,000 0.0% $99 / Sq Ft
01/01/1970 01/01/70 Off Market $89,000 -- --
01/01/1970 01/01/70 Off Market $149,900 -- --
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 $442 $18,400 $3,100 $15,300
2023 $442 $18,400 $3,100 $15,300
2022 $418 $17,425 $3,100 $14,325
2021 $418 $17,425 $3,100 $14,325
2020 $234 $17,425 $3,100 $14,325
2019 $196 $8,475 $3,325 $5,150
2018 $127 $8,475 $3,325 $5,150
2017 $127 $6,600 $3,325 $3,275
2016 $113 $5,850 $2,575 $3,275
2015 $113 $5,850 $2,575 $3,275
2014 $104 $5,850 $2,575 $3,275
2013 $104 $5,674 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Harmon

    Seller's Agent in 2022

    Melissa Harmon

    RE/MAX

    (931) 256-5364

    257 Total Sales

    Melissa Harmon
    Section Image
  • Beth Miller

    Buyer Co-Listing Agent in 2022

    Beth Miller

    Crye-Leike Realtors

    (931) 316-0258

    64 Total Sales

    Beth Miller
    Section Image
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Map

Source: Upper Cumberland Association of REALTORS®

MLS Number: 213294

Upper Cumberland Association of REALTORS®

APN: 048-005.00

Tennessee Van Buren County Spencer 38585

1520 Gulf Rd, Spencer, TN

This home is located at 1520 Gulf Rd, Spencer, TN 38585 since 03 August 2022 and is currently estimated at $172,210, approximately $191 per square foot. This property was built in 1960. 1520 Gulf Rd is a home located in Van Buren County with nearby schools including Spencer Elementary School and Van Buren 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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