NOT LISTED FOR SALE

2938 Melvin Rd Hermitage, TN 37076

Estimated Value: $81,000 - $461,000

0.75 Acre
$264,396 Price per Acre
32,670 Sq Ft Lot

Last Sold November 22, 2023

Last sale price $80,250 $48 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $1,116/month

8 Days on Market

Highlights

  • 0.75 Acre Lot
  • No HOA
  • No Heating
  • Springdale Elementary School Rated A
  • Level Lot

About This Lot

As of November 2023

Beautiful infill lot sitting on .76 acres. Home was destroyed in the 2020 tornado, but was a 3 bedroom 2 bathroom home- water and electric are available. Previous home was on septic. Septic may need to be repaired or replaced. Nice level lot! Zoned for Wilson County Minutes to I-40, Summit Hospital, and the grocery, and a short drive to BNA!

Last Agent to Sell the Property

Ralph Harvey

ListWithFreedom.com License # 338742 Listed on: 11/06/2023

ListWithFreedom.com

Last Buyer's Agent

Nam Luu

Synergy Realty Network, LLC License #365977

Synergy Realty Network, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $454

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 105 x 315
  • Level Lot

Schools

  • Springdale Elementary School
  • West Wilson Middle School
  • Mt. Juliet High School

Utilities

  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 075 01500 000

Property Details

Property Type

Land

Est. Annual Taxes

$454

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Inclusions: LAND
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Pool Private: No
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Topography: LEVEL
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R-1
  • Current Use: Residential
  • Lot Size Acres: 0.75
  • Lot Size: 105 X 315
  • Lot Size Units: Acres
  • Parcel #: 075 01500 000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 454

MLS Schools

  • Elementary School: Springdale Elementary School
  • High School: Mt. Juliet High School
  • Middle Or Junior School: West Wilson Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2023
Closed on
Nov 21, 2023
Sold by
Mckinney Glenda H and Mckinney Bradford S
Bought by
Luu Tham and Luu Hoa
Seller's Agent
Ralph Harvey
ListWithFreedom.com
Buyer's Agent
Nam Luu
Synergy Realty Network, LLC
List Price
$105,000
Sold Price
$80,250
Premium/Discount to List
-$24,750
-23.57%
Views
26
Current Estimated Value
$198,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,047
Avg. Annual Appreciation
66.71%

Purchase Details

Closed on
Oct 2, 2001
Sold by
Abbott Roy D and Abbott Rhonda
Bought by
Mckinney Glenda H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,900
Interest Rate
6.87%

Purchase Details

Closed on
Oct 9, 1998
Bought by
Abbott Roy D

Purchase Details

Closed on
Mar 15, 1996
Sold by
Faye Payne Linda
Bought by
Clairday James R

Purchase Details

Closed on
Mar 19, 1979
Bought by
Payne Linda Faye
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
Luu Tham $80,250 Rudy Title & Escrow
Mckinney Glenda H $99,900 --
Abbott Roy D $105,000 --
Clairday James R $85,000 --
Payne Linda Faye -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckinney Glenda H $116,758
Previous Owner Mckinney Glenda H $11,000
Previous Owner Payne Linda Faye $94,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $80,250 -23.6% $48 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/06/2023 11/06/23 For Sale $105,000 -- $62 / Sq Ft
Source: Realtracs

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 $454 $23,775 $23,525 $250
2022 $454 $23,775 $23,525 $250
2021 $454 $23,775 $23,525 $250
2020 $403 $23,775 $23,525 $250
2019 $834 $33,125 $12,225 $20,900
2018 $834 $33,125 $12,225 $20,900
2017 $834 $33,125 $12,225 $20,900
2016 $834 $33,125 $12,225 $20,900
2015 $851 $33,125 $12,225 $20,900
2014 $823 $32,012 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2590749

Realtracs

APN: 075-015.00