$575,000
SOLD NOV 27, 2024

285 Thompson Gap Rd Cherokee, AL 35616

4 Beds
2 Baths
1,800-1,999 Sq Ft
0.41 Acres

Recently Sold

$288 Per Sq Ft

11% Below List Price

227 Days on Market

Highlights

  • Docks
  • Waterfront
  • Traditional Architecture
  • Lake On Lot
  • Deck
  • Separate Formal Living Room

About This Home

As of November 2024

4BR, 2BA Waterfront resort home with beautiful views of Pickwick Lake overlooking Bear Creek and convenient to Iuka. Semi-private location with upper and lower decks, paved parking, very nice floorplan and great location on the water.

Last Agent to Sell the Property

Derrick Tapp - Pickwick Lake

Tapp Realty, LLC License #311367 Listed on: 04/13/2024

Last Buyer's Agent

Duane Wright

Duane Wright Realty License #318263

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,057

Year Built

  • Built in 1980

Lot Details

  • Waterfront
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,900 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room
  • Storage Room
  • Tile Flooring
  • Water Views

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Docks
  • Lake On Lot
  • Deck
  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Thompson Gap Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,057

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 320C
  • MAAR Subdivision Name: Thompson Gap
  • Number Of Stories: 2
  • Price Per Sq Ft: 302.63
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1900
  • Year Built: 1980
  • List Price/ Sq Ft: 326
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Floors/Ceilings: Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch, Patio, Deck, Boat Dock

Garage/Parking

  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Water Frontage, Water View, Water Access
  • Geo Subdivision: AL

Multi Family

  • Number Of Rooms: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2024
Closed on
Nov 21, 2024
Sold by
Smith Kirby L and Smith Priscilla
Bought by
Ward John
Seller's Agent
Derrick Tapp - Pickwick Lake
Tapp Realty, LLC
Buyer's Agent
Duane Wright
Duane Wright Realty
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%
Views
119
Current Estimated Value
$574,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$656
Avg. Annual Appreciation
-2.14%
Original Mortgage
$356,000
Outstanding Balance
$350,642
Interest Rate
0.68%
Mortgage Type
New Conventional
Estimated Equity
$214,877

Purchase Details

Closed on
Jul 3, 2014
Sold by
Neelly Ed C and Neely Claudia
Bought by
Smith Kirby L and Smith Priscilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
4.2%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $575,000 First American Mtg Solutions
Warranty Deed $430,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $356,000 New Conventional
Previous Owner $64,500 Unknown
Previous Owner $344,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $575,000 -7.1% $319 / Sq Ft
09/06/2024 09/06/24 Price Changed $619,000 -3.1% $344 / Sq Ft
07/29/2024 07/29/24 Price Changed $639,000 -1.5% $355 / Sq Ft
04/13/2024 04/13/24 For Sale $649,000 -- $361 / 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 $1,057 $33,580 $17,240 $16,340
2023 $1,057 $32,320 $0 $0
2022 $995 $31,500 $0 $0
2021 $956 $30,200 $0 $0
2020 $886 $27,880 $0 $0
2019 $834 $26,140 $0 $0
2018 $834 $26,140 $0 $0
2017 $786 $24,540 $0 $0
2016 $439 $12,980 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Duane Wright

    Buyer's Agent in 2024

    Duane Wright

    Duane Wright Realty

    (731) 607-3076

    193 Total Sales

    Duane Wright
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10170014

Memphis Area Association of REALTORS®

APN: 04-05-16-0-001-007.003

Alabama Colbert County Cherokee 35616

285 Thompson Gap Rd, Cherokee, AL

This home is located at 285 Thompson Gap Rd, Cherokee, AL 35616 and is currently priced at $575,000, approximately $287 per square foot. This property was built in 1980. 285 Thompson Gap Rd is a home located in Colbert County with nearby schools including Cherokee Elementary School and Cherokee 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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