NOT LISTED FOR SALE

1550 Fayette Corner Dr Somerville, TN 38068

Estimated Value: $422,911 - $672,000

3 Beds
3.5 Baths
3,200-3,399 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $630,000 $185 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,143/month

35 Days on Market

Highlights

  • Water Views
  • Vaulted Ceiling
  • Wood Flooring
  • Lake On Lot
  • Traditional Architecture
  • Sun or Florida Room

About This Home

As of July 2023

Step onto this property and feel the peacefulness of 20 acres of country life. 3200+ sf home with 3 BR, 3.5 BA, laundry room, sunroom and office. Lge great room, kitchen, and breakfast open and flow for entertaining. Spacious breakfast bar island, gas cooktop, double oven, warming drawer. Split bedroom. Primary BR features a large salon bath with walk thru shower, tub with jets, 2 vanities.Fenced for horses! Its a short drive: 15 to Somerville, 13 to Brownsville, 30 to Cordova, 30 to Jackson.

Last Agent to Sell the Property

Paul Morris

Morris and Morris License #292517 Listed on: 03/21/2023

Co-Listed By

Cheryl Morris

Morris and Morris License #223277

Last Buyer's Agent

Paul Morris

Morris and Morris License #292517 Listed on: 03/21/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $802

Year Built

  • Built in 1969

Lot Details

  • 20 Acre Lot
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 3,200-3,399 Sq Ft Home
  • 3,217 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Factory Built Fireplace
  • Gas Log Fireplace
  • Den with Fireplace
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Water Views
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathtub With Separate Shower Stall

Parking

  • 3 Car Attached Garage
  • Carport
  • Workshop in Garage

Outdoor Features

  • Lake On Lot
  • Covered Patio or Porch
  • Separate Outdoor Workshop

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Fayette Corner Dr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 009 009 01303 , 20 acres only

Home Details

Home Type

Single Family

Est. Annual Taxes

$802

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: hwy 76
  • MLS Map #: 654A
  • MAAR Subdivision Name: FAYETTE CORNER DR
  • Number Of Stories: 1
  • Price Per Sq Ft: 195.83
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3217
  • Year Built: 1969
  • List Price/ Sq Ft: 202
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Sun Room, Office
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, Split Bedroom Plan, Luxury Primary Bath, Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 3200-3399
  • Bedroom 2 Description: Level 1, Private Full Bath, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Prefabricated, In Den/Great Room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, Vaulted/Coff/Tray Ceiling
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Equipment: Double Oven, Cooktop, Gas Cooking, Disposal, Dishwasher
  • Living Dining Kitchen: Eat-In Kitchen, Breakfast Bar, Island In Kitchen
  • Misc Interior: Walk-In Closet(s), Pull Down Attic Stairs
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Sun Room, Office/Sewing Room, Storage Room
  • Total Bathrooms: 3.1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Vaulted/Coffered Ceiling, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Covered Patio, Workshop
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 3
  • Parking Display: C3A
  • Parking Storage: More than 3 Coverd Spaces, Workshop(s)

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Electric Water Heater, Well Water, Septic Tank

Lot Info

  • Lot Description: Some Trees, Level, Lake/Pond on Property, Water View
  • Acreage: 20
  • Lot Size: 20 acres
  • Price Per Acre: 32500

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 009 009 01303 , 20 acres only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Jul 14, 2023
Sold by
Massey Craig B and Massey Nichole T
Bought by
Kulow Christopher Allen and Kulow Crystal Lynn
Seller's Agent
Paul Morris
Morris and Morris
Buyer's Agent
Paul Morris
Morris and Morris
List Price
$899,000
Sold Price
$630,000
Premium/Discount to List
-$269,000
-29.92%
Views
85
Current Estimated Value
$564,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,522
Avg. Annual Appreciation
-10.27%
Original Mortgage
$320,000
Outstanding Balance
$313,923
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$186,200
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kulow Christopher Allen $630,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kulow Christopher Allen $320,000
Previous Owner Massey Craig B $184,770
Previous Owner Massey Craig B $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $630,000 -3.1% $197 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/25/2023 04/25/23 Price Changed $650,000 -27.7% $203 / Sq Ft
03/21/2023 03/21/23 For Sale $899,000 -- $281 / Sq Ft
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
2024 $802 $62,125 $7,525 $54,600
2023 $713 $62,125 $0 $0
2022 $713 $55,225 $3,925 $51,300
2021 $713 $55,225 $3,925 $51,300
2020 $744 $55,225 $3,925 $51,300
2019 $744 $49,350 $3,925 $45,425
2018 $744 $49,350 $3,925 $45,425
2017 $744 $49,350 $3,925 $45,425
2016 $739 $46,050 $3,925 $42,125
2015 $739 $46,050 $3,925 $42,125
2014 $739 $46,050 $3,925 $42,125
Source: Public Records

Agents Affiliated with this Home

  • Paul Morris

    Seller's Agent in 2023

    Paul Morris

    Morris and Morris

    (901) 497-6994

    87 Total Sales

    Paul Morris
    Section Image
  • Cheryl Morris

    Seller Co-Listing Agent in 2023

    Cheryl Morris

    Morris and Morris

    (901) 497-6998

    38 Total Sales

    Cheryl Morris
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10144244

Memphis Area Association of REALTORS®

APN: 009-013.03

Tennessee Fayette County Somerville 38068

1550 Fayette Corner Dr, Somerville, TN

This home is located at 1550 Fayette Corner Dr, Somerville, TN 38068 since 21 March 2023 and is currently estimated at $564,478, approximately $166 per square foot. This property was built in 1969. 1550 Fayette Corner Dr is a home located in Fayette County with nearby schools including Buckley-Carpenter Elementary School, East Junior High School, and Fayette Ware Comprehensive High School.

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.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes