$1,150,000
SOLD AUG 15, 2025

224 Graves Ln Buchanan, TN 38222

3 Beds
5 Baths
3,115 Sq Ft
1.46 Acres

Recently Sold

$369 Per Sq Ft

18% Below List Price

197 Days on Market

Highlights

  • Private Water Access
  • Traditional Architecture
  • 2 Fireplaces
  • Lake Privileges
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage

About This Home

As of August 2025

KENTUCKY LAKE DREAM HOME with COVERED 2 SLIP PRIVATE DOCK. CUSTOM built in 2016, this beautiful lake home offers splendid FRONT PORCH lake views and flows with luxurious but timeless designer touches throughout that include SOLID WOOD floors, CUSTOM kitchen cabinets, stainless appliances, ENERGY EFFICIENT DETAILS, ENCAPSULATED CRAWLSPACE, DETACHED WOODWORKING SHOP with water PLUS a 200AMP electrical panel. Relax at OUTDOOR FIREPLACE AND SPA, and you're sure to enjoy the SPACIOUS SECOND LIVING AREA (34x22) UPSTAIRS and 2 additional bedrooms. PLUS HUGE FLEX ROOM above garage with PRIVATE BATH and KITCHENETTE can serve well as OFFICE, GYM, MEDIA ROOM or GUEST SUITE. A gentle walk to the private covered dock leads to the perfect place to launch summertime boating & fishing fun as well as a late day sunset while you cast a line and hope for the best catch of the day. Wonderful memories have been made here, and now it's your turn. You're gonna love this Kentucky Lake dream home.

Last Agent to Sell the Property

Belinda Bowers

Tennessee Home & Farm Real Estate Brokerage Email: 7314074107, HomesbyBelinda@gmail.com License #358174 Listed on: 01/17/2025

Co-Listed By

Johnathon Bowers

Tennessee Home & Farm Real Estate Brokerage Email: 7314074107, HomesbyBelinda@gmail.com License #366302

Last Buyer's Agent

Non-TVAR Agent

Non-TVAR Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,855

Year Built

  • Built in 2016

Lot Details

  • 1.46 Acre Lot
  • Wood Fence
  • Garden

Parking

  • 2 Car Detached Garage
  • Open Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,115 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Gas Log Fireplace
  • Living Room
  • Crawl Space
  • Property Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 5 Full Bathrooms

Outdoor Features

  • Private Water Access
  • Lake Privileges
  • Screened Patio
  • Outdoor Storage
  • Front Porch

Schools

  • Lakewood Elementary And Middle School
  • Henry County High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Iris Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 004.00 & 002.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,855

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Co List Office Mls Id: 200
  • Co List Office Phone: 731-407-4107
  • Subdivision Name: Iris Cove
  • Architectural Style: Traditional
  • Fireplace: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 2016
  • Kitchen Level: Main
  • Attribution Contact: 7314074107, HomesbyBelinda@gmail.com
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Dishwasher, Microwave, Range/Oven-Gas
  • Basement: Crawl Space
  • Full Bathrooms: 5
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 2
  • Main Level Bedrooms: 1
  • Room Bedroom2 Level: Second
  • Living Room Living Room Level: Main
  • Room Bedroom3 Area: 244.3264
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 152
  • Room Living Room Area: 335.4167
  • Room Bedroom3 Level: Second
  • Room Kitchen Area: 308
  • Master Bedroom Master Bedroom Width: 12.8333
  • Room Master Bedroom Area: 275.9167

Exterior Features

  • Fencing: Wood
  • Acres: 1.46
  • View: Yes
  • Waterfront Features: Lake Privileges, Private
  • Construction Type: Hardboard Siding
  • Exterior Features: Garden, Storage
  • Patio And Porch Features: Front Porch, Rear Porch, Side Porch, Screened, Patio

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Detached, Asphalt
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Fireplace(s), Zoned, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Henry County
  • Middle Or Junior School: Lakewood

Lot Info

  • Lot Dimensions: 63,597.60
  • Lot Size Sq Ft: 63597.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 004.00 & 002.00

Tax Info

  • Tax Annual Amount: 1854.96
  • Tax Book Number: 52
  • Tax Map Number: 042K

MLS Schools

  • Elementary School: Lakewood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Aug 13, 2025
Sold by
Cathey Marty L and Cathey Amy S
Bought by
Underwood Clinton B and Underwood Kimberly J
Seller's Agent
Belinda Bowers
Tennessee Home & Farm Real Estate
Buyer's Agent
Non-TVAR Agent
Non-TVAR Agency
List Price
$1,395,000
Sold Price
$1,150,000
Premium/Discount to List
-$245,000
-17.56%
Views
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-43.90%
Original Mortgage
$860,000
Outstanding Balance
$860,000
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$238,033

Purchase Details

Closed on
Sep 12, 2001
Sold by
Graves Richard F and Graves Marion
Bought by
Cathey Marty L
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 Type Sale Price Title Company
Warranty Deed $1,150,000 Reality Title
Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $860,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Sold $1,150,000 -11.2% $369 / Sq Ft
08/02/2025 08/02/25 Pending -- -- --
04/16/2025 04/16/25 Price Changed $1,295,000 -7.2% $416 / Sq Ft
01/17/2025 01/17/25 For Sale $1,395,000 -- $448 / Sq Ft
Source: Tennessee Valley 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 $1,512 $78,225 $4,975 $73,250
2023 $1,481 $78,225 $4,975 $73,250
2022 $1,481 $78,225 $4,975 $73,250
2021 $1,481 $78,225 $4,975 $73,250
2020 $1,481 $78,225 $4,975 $73,250
2019 $1,422 $67,975 $4,975 $63,000
2018 $1,422 $67,975 $4,975 $63,000
2017 $1,422 $67,975 $4,975 $63,000
2016 $103 $4,975 $4,975 $0
2015 $109 $4,975 $4,975 $0
2014 $109 $4,975 $4,975 $0
2013 $109 $4,973 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee Valley Association of REALTORS®

MLS Number: 133567

APN: 042K-C-004.00