NOT LISTED FOR SALE

2885 Laconia Rd Somerville, TN 38068

Estimated Value: $571,163

137.45 Acres
$4,155 Price per Acre
5,987,322 Sq Ft Lot

Last Sold July 29, 2022

Last sale price $535,000

Est. 7% increase in value since last sale

Current estimated payment $3,114/month

32 Days on Market

Highlights

  • 137.45 Acre Lot
  • Wooded Lot
  • Fenced
  • Lake, Pond or Stream
  • Creek or Stream
  • Lot Has A Rolling Slope

About This Lot

As of July 2022

Perfect location for hunting or building on 137 acres. Property includes Loosahatchie River frontage, a 24’x36’ shop on a concrete slab with underground electric, wood burning stove, water well, firepit area, shooting range, multiple trails, 4 shooting houses, 4 potential building sites or food plots, and a large duck hole. $100K of timber/clearing work done in the past year. Soil test complete on potential home site. Conveniently located less than 30 minutes to I-269 via Hwy 64.

Last Agent to Sell the Property

Mary Grodsky

Crye-Leike, Inc., REALTORS License #353372 Listed on: 06/18/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Sarah King

Crye-Leike, Inc., REALTORS License #357246

Crye-Leike, Inc., REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $310

Lot Details

  • 137.45 Acre Lot
  • Creek or Stream
  • Rural Setting
  • Fenced
  • Lot Has A Rolling Slope
  • Wooded Lot

Additional Features

  • Lake, Pond or Stream
  • Well

Listing and Financial Details

  • Assessor Parcel Number 070 070 03900

Property Details

Property Type

Land

Est. Annual Taxes

$310

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Location: Rural
  • MLS Map #: 654B
  • Price Per Sq Ft: 3892.32
  • Miscellaneous: Pond/Lake, Stream/Creek
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Electricity, Well

Lot Info

  • Acreage: 137.45
  • Lot Size: 137.45 acres
  • Price Per Acre: 4001
  • Zoning: R-1
  • Improvements: Fenced, Graded
  • Present Structure: Concrete Slab/Pad
  • Present Usage: None/Vacant
  • Shape: Irregular
  • Topographic Feature: Low, Rolling, Wooded
  • Zoning Of Adjacent Area: Agriculture, Flood Plain, Rural, Single Family

Tax Info

  • Assessor Parcel Number: 070 070 03900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Jul 29, 2022
Sold by
Parker Ray J and Parker Casey E
Bought by
Choate Christopher and Choate Cynthia L
Seller's Agent
Mary Grodsky
Crye-Leike, Inc., REALTORS
Buyer's Agent
Sarah King
Crye-Leike, Inc., REALTORS
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Current Estimated Value
$571,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,163
Avg. Annual Appreciation
2.13%
Original Mortgage
$454,750
Outstanding Balance
$197,758
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$373,405

Purchase Details

Listed on
Jul 14, 2020
Closed on
Sep 9, 2020
Sold by
Cook Charles Alan and Cook Amy
Bought by
Parker Ray J and Parker Casey E
Seller's Agent
Justin Wilburn
Fayette Realty, LLC
Buyer's Agent
Debbie Stephens
Crye-Leike, Inc., REALTORS
List Price
$398,500
Sold Price
$398,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.96%

Purchase Details

Closed on
May 29, 2012
Sold by
Maley David
Bought by
Helmuth Anthony and Helmuth Amber

Purchase Details

Closed on
Feb 10, 2012
Sold by
Maley David
Bought by
Fayette County Tennessee

Purchase Details

Closed on
Aug 21, 2006
Bought by
Maley David and Maley Amy
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 Buyer Sale Price Title Company
Choate Christopher $535,000 None Listed On Document
Parker Ray J $398,500 Realty Title
Helmuth Anthony $32,000 --
Fayette County Tennessee $1,700 --
Maley David $275,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choate Christopher $454,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $535,000 -2.7% --
06/18/2022 06/18/22 For Sale $550,000 +38.0% --
09/10/2020 09/10/20 Sold $398,500 0.0% --
09/08/2020 09/08/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $398,500 -- --
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 $310 $24,025 $24,025 --
2023 $310 $24,025 $0 $0
2022 $310 $24,025 $24,025 $0
2021 $310 $24,025 $24,025 $0
2020 $300 $24,025 $24,025 $0
2019 $300 $19,900 $19,900 $0
2018 $300 $19,900 $19,900 $0
2017 $300 $19,900 $19,900 $0
2016 $312 $19,450 $19,450 $0
2015 $312 $19,450 $19,450 $0
2014 $312 $19,450 $19,450 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mary Grodsky

    Crye-Leike

    Section Image
  • Sarah King

    Buyer's Agent in 2022

    Sarah King

    Crye-Leike

    (901) 827-3459

    31 Total Sales

    Sarah King
    Section Image

  • J

    Seller's Agent in 2020

    Justin Wilburn

    Fayette Realty, LLC

    (901) 412-6460

    147 Total Sales

    Justin Wilburn
    Section Image

  • D

    Buyer's Agent in 2020

    Debbie Stephens

    Crye-Leike, Inc., REALTORS

    (901) 351-6860

    14 Total Sales

    Debbie Stephens
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10126711

Memphis Area Association of REALTORS®

APN: 070-039.00

Tennessee Fayette County Somerville 38068

2885 Laconia Rd, Somerville, TN

This home is located at 2885 Laconia Rd, Somerville, TN 38068 since 18 June 2022 and is currently estimated at $571,163. 2885 Laconia Rd is a home located in Fayette County with nearby schools including Buckley-Carpenter Elementary School, East Junior High School, and Fayette Ware Comprehensive High School.

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