NOT LISTED FOR SALE

2040 Cherry Rd Hickory Withe, TN 38028

Estimated Value: $552,000 - $788,000

2.52 Acres
$266,597 Price per Acre
109,771 Sq Ft Lot

Sale Details

Date Sold: June 6, 2023

Last sale price $150,000

Est. 348% increase in value since last sale

Current estimated payment $4,279 / mo

64 Days on Market

Highlights

  • Home fronts a pond
  • Level Lot
  • Livestock Allowed
  • Lake, Pond or Stream

About This Lot

As of June 2023

Build your dream home in the most desirable part of west Fayette Co- highly sought after Cherry Road location, its rare to find a new buildable lot among these established custom homes!! Cleared with some woods; Nice road frontage; Property adjoins private 20 acre stocked Salmon Lake- perfect spot! Build your own dock! Perc test has been done for septic; Public utilities at the road. Ready to build! Minutes to Arlington or quick Access to I-269 - fantastic location.

Last Agent to Sell the Property

Billy Groome

Groome & Co. License #284950 Listed on: 02/28/2023

Last Buyer's Agent

Ginny Tibbels

REMAX Experts License #355096

REMAX Experts

Property Details

Property Type

  • Land

Lot Details

  • 2.52 Acre Lot
  • Home fronts a pond
  • Rural Setting
  • Level Lot

Additional Features

  • Lake, Pond or Stream
  • Livestock Allowed

Property Details

Property Type

Land

Lot Details

2.52 Acres

Listing Details

  • Class: Land
  • Type: Land
  • Location: Rural
  • MAAR Subdivision Name: UNKNOWN
  • Miscellaneous: Pond/Lake (Stocked), Pond/Lake Frontage, Livestock Allowed
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Association/Amenities

  • Amenities: Waterfront

Lot Info

  • Acreage: 2.52
  • Lot Size: 2.52
  • Zoning: R
  • Lots Available: 1 Only
  • Present Usage: None/Vacant
  • Shape: Pie Shaped
  • Topographic Feature: Level, Rolling
  • Zoning Of Adjacent Area: Single Family

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
Jun 5, 2023
Sold by
Bought by
Seller's Agent
Billy Groome
Groome & Co.
Buyer's Agent
Ginny Tibbels
REMAX Experts
List Price
$195,000
Sold Price
$150,000
Premium/Discount to List
-$45,000
-23.08%
Views
83
Current Estimated Value
$671,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,824
Avg. Annual Appreciation
62.45%

Purchase Details

Closed on
Jul 11, 2022
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$150,000 Erickson Title & Closing
$130,000 New Title Company Name
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/06/2023 06/06/23 Sold $150,000 -23.1% --
05/03/2023 05/03/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $195,000 -- --
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 -- $178,575 $39,150 $139,425
2024 -- $27,600 $27,600 --
Source: Public Records

Agents Affiliated with this Home

  • Billy Groome

    Seller's Agent in 2023

    Billy Groome

    Groome & Co.

    (901) 461-5445

    119 Total Sales

    Billy Groome
    Section Image
  • Ginny Tibbels

    Buyer's Agent in 2023

    Ginny Tibbels

    RE/MAX

    (901) 626-3369

    168 Total Sales

    Ginny Tibbels
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10142805

Memphis Area Association of REALTORS®

APN: 082-043.32

Tennessee Fayette County 38028

2040 Cherry Rd, TN

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