1551 Buck Smith Rd Palmyra, TN 37142
Estimated payment $3,849/month
Total Views
3,326
55
Acres
$11,818
Price per Acre
2,395,800
Sq Ft Lot
Highlights
- Home fronts a creek
- Bluff View
- Spring water is a source of water for the property
- 55 Acre Lot
- Property is near a spring
- Paved or Partially Paved Lot
About This Lot
Approximately 55 Acres of Expansive Farm Land, with an Historic Log Home on it, located in Palmyra. This property offers multiple building spots, plenty of pasture, woods and water—making it an ideal location for farming, livestock, or recreational use. Enjoy excellent hunting opportunities right on your land. This listing represents a proposed separation of approximately 55 acres from a fully operational 273-acre cattle farm. The acreage could be more or it could be less; all of which is open to negotiation. The property has not been surveyed yet, and the survey details are open to negotiation, offering flexibility to the buyer. The estimated road frontage of 350 feet may qualify for subdividing for multiple homes to be built. Also, this absolutely beautiful property features a lovely log home built in the late 1890s, offering a blend of rustic charm and potential. The 2-bedroom, 1-bathroom home is livable with major repairs, providing a living room, kitchen, laundry room and an upstairs. There is a natural spring on the property that supplies water to the house. Don’t miss the chance to own this historic home and beautiful land. Contact us today for more information and to schedule a showing!
Listing Agent
Crye-Leike, Inc., REALTORS Brokerage Phone: 9318018556 License # 273888 Listed on: 03/20/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,730
Lot Details
- 55 Acre Lot
- Home fronts a creek
- Property fronts a county road
- Paved or Partially Paved Lot
- Lot Has A Rolling Slope
- Property is zoned AG
Interior Spaces
- Property has 3 Levels
- Bluff Views
Outdoor Features
- Property is near a spring
Schools
- Montgomery Central Elementary School
- Montgomery Central Middle School
- Montgomery Central High School
Utilities
- Spring water is a source of water for the property
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 063134 00600 00018134
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,788 | $132,746 | $0 | $0 |
| 2023 | $2,788 | $88,192 | $0 | $0 |
| 2022 | $2,637 | $88,192 | $0 | $0 |
| 2021 | $2,637 | $91,290 | $0 | $0 |
| 2020 | $2,730 | $91,290 | $0 | $0 |
| 2019 | $2,730 | $91,290 | $0 | $0 |
| 2018 | $1,895 | $66,739 | $0 | $0 |
| 2017 | $1,895 | $61,724 | $0 | $0 |
| 2016 | $1,895 | $61,724 | $0 | $0 |
| 2015 | $1,836 | $61,724 | $0 | $0 |
| 2014 | $1,883 | $63,300 | $0 | $0 |
| 2013 | $1,649 | $52,525 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Price Changed | $650,000 | -11.8% | -- |
| 03/20/2025 03/20/25 | For Sale | $737,000 | +70.6% | -- |
| 03/04/2021 03/04/21 | For Sale | $432,000 | +41.9% | $249 / Sq Ft |
| 12/09/2018 12/09/18 | Sold | $304,433 | -- | $175 / Sq Ft |
Source: Realtracs
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $558,000 | Construction | |
| Closed | $90,000 | New Conventional | |
| Previous Owner | $300,000 | Commercial |
Source: Public Records
Similar Property in Palmyra, TN
Source: Realtracs
MLS Number: 2806574
APN: 134-006.00
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