$477,000
SOLD OCT 4, 2024

285 Fairoaks Dr Oakland, TN 38060

5 Beds
3 Baths
2,400-2,599 Sq Ft
0.33 Acres

Recently Sold

$184 Per Sq Ft

1% Below List Price

44 Days on Market

Highlights

  • On Golf Course
  • Traditional Architecture
  • Central Heating and Cooling System
  • New Construction
  • Double Vanity
  • Dining Room

About This Home

As of October 2024

CONTRACT FAILED Back on market Golf Course Living at It's Finest. This house has all the amenities you could ask for. You have to see it in person but be sure to check out the tour.

Last Agent to Sell the Property

Jeff Price

Brunswick Homes & Realty, LLC License #290784 Listed on: 06/08/2024

Last Buyer's Agent

Robert Anderson

Grace Realty Company License #223186

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,360

Year Built

  • Built in 2024 | New Construction

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 2,400-2,599 Sq Ft Home
  • 2,448 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms
  • Double Vanity

Parking

  • 2 Car Garage
  • Side Facing Garage

Additional Features

  • On Golf Course
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 087A 087A A01800

Community Details

Overview

  • Fairoaks Planned Develop Subdivision
  • Mandatory Home Owners Association

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,360

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 653A
  • MAAR Subdivision Name: FAIROAKS PH3
  • Number Of Stories: 2
  • Price Per Sq Ft: 194.85
  • Prop Construction Status: New Construction (Never Occupied)
  • Estimated Sq Ft: 2448
  • Year Built: 2024
  • List Price/ Sq Ft: 196
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: Double Vanity Bath
  • Estimated Heated Sq Ft Range: 2400-2599
  • Bedrooms: 5
  • Bedrooms Down: 2
  • Fireplace: Gas Logs
  • Full Bathrooms: 3
  • Living Dining Kitchen: Separate Dining Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 3

Exterior Features

  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Side-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water

Association/Amenities

  • Neighborhood Amenities: Golf Course
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Golf Course Frontage
  • Lot Number: 168
  • Lot Size: 14;261 SQ FT
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 087A 087A A01800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Sep 30, 2024
Sold by
Priceco Llc
Bought by
Mcduffie Dominique Derice
Seller's Agent
Jeff Price
Brunswick Homes & Realty, LLC
Buyer's Agent
Robert Anderson
Grace Realty Company
List Price
$479,867
Sold Price
$477,000
Premium/Discount to List
-$2,867
-0.6%
Views
77
Current Estimated Value
$462,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,470
Avg. Annual Appreciation
-4.23%
Original Mortgage
$468,360
Outstanding Balance
$465,710
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
-$8,092

Purchase Details

Closed on
Jan 30, 2024
Sold by
Lewis Thomas Michael and Lewis Jacqueline B
Bought by
Priceco Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.61%
Mortgage Type
Construction
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 $477,000 Medlock Title And Escrow
Warranty Deed $50,000 Realty Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,360 FHA
Previous Owner $376,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold $477,000 -0.6% $199 / Sq Ft
09/13/2024 09/13/24 For Sale $479,867 0.0% $200 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/10/2024 07/10/24 Price Changed $479,867 -4.0% $200 / Sq Ft
06/28/2024 06/28/24 Price Changed $499,900 -8.4% $208 / Sq Ft
06/08/2024 06/08/24 For Sale $545,900 -- $227 / 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 $1,360 $52,625 $12,500 $40,125
2023 $322 $12,500 $0 $0
2022 $214 $12,500 $12,500 $0
2021 $214 $12,500 $12,500 $0
2020 $170 $12,500 $12,500 $0
2019 $229 $11,250 $11,250 $0
2018 $235 $11,250 $11,250 $0
2017 $201 $11,250 $11,250 $0
2016 $177 $9,250 $9,250 $0
2015 $176 $9,250 $9,250 $0
2014 $176 $9,250 $9,250 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jeff Price

    Brunswick Homes & Realty, LLC

    (901) 277-4777

    17 Total Sales

    Jeff Price
    Section Image

  • R

    Buyer's Agent in 2024

    Robert Anderson

    Grace Realty Company

    (901) 502-9761

    16 Total Sales

    Robert Anderson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10174190

Memphis Area Association of REALTORS®

APN: 087A-A-018.00

Tennessee Fayette County Oakland 38060

285 Fairoaks Dr, Oakland, TN

This home is located at 285 Fairoaks Dr, Oakland, TN 38060 and is currently priced at $477,000, approximately $183 per square foot. This property was built in 2024. 285 Fairoaks Dr is a home located in Fayette County with nearby schools including Oakland Elementary School, West 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.

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