NOT LISTED FOR SALE

285 Thompson Gap Rd Cherokee, AL 35616

Estimated Value: $580,000 - $624,000

4 Beds
2 Baths
1,800-1,999 Sq Ft
$300/Sq Ft Est. Value

Sale Details

Date Sold: November 27, 2024

Last sale price $575,000 $288 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,335 / mo

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

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

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

Year Built

Built in 1980

Lot Details

0.41 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: Thompson Gap
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1900
  • Year Built: 1980
  • 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

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

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
Apr 13, 2024
Closed on
Nov 21, 2024
Sold by
Bought by
Seller's Agent
Derrick Tapp
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
$600,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,567
Avg. Annual Appreciation
2.83%
Original Mortgage
$356,000
Outstanding Balance
$344,368
Interest Rate
0.68%
Mortgage Type
New Conventional
Estimated Equity
$256,199

Purchase Details

Closed on
Jul 3, 2014
Sold by
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
$575,000 First American Mtg Solutions
$430,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $356,000
Previous Owner $64,500
Previous Owner $344,000
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
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

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 $1,086 $34,520 $17,720 $16,800
2024 $1,336 $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

  • Derrick Tapp

    Seller's Agent in 2024

    Derrick Tapp

    Tapp Realty, LLC

    (662) 424-2267

    88 Total Sales

    Derrick Tapp
    Section Image
  • Duane Wright

    Buyer's Agent in 2024

    Duane Wright

    Duane Wright Realty

    (731) 607-3076

    164 Total Sales

    Duane Wright
    Section Image
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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

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