NOT LISTED FOR SALE

3145 Lane Farm Rd Cookeville, TN 38501

Estimated Value: $292,000 - $439,000

7 Beds
5 Baths
739 Sq Ft
$481/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $151,500 $205 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,983/month

About This Home

As of July 2020

Option 1: INVESTORS! 8.2 Acres with 3 rental units on a dead end road in Putnam County near TTU and CRMC. 1. Farmhouse that rents for $400.00 a month. 2. Single-wide that rents for $350.00 a month. 3. Double-Wide with detached garage that rents for $600.00 a month. Room For additional grown on the acreage. Farmhouse vacant and clean clean with fresh paint. Other 2 units are rented. Option 2: BUILD your custom home and receive rental income or use for M-I-L or for adult children that need to be close by. Remove rentals as you reach your $ goals!

Last Agent to Sell the Property

Gina Key

American Way Real Estate Brokerage Phone: 9315269581 License #290006 Listed on: 06/02/2020

Last Buyer's Agent

Gina Key

American Way Real Estate Brokerage Phone: 9315269581 License #290006 Listed on: 06/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1955

Lot Details

  • 8.2 Acre Lot

Home Design

  • 739 Sq Ft Home
  • Frame Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $1,350
  • Assessor Parcel Number 003.00

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • No Pets Allowed

Building Details

  • 2 Vacant Units
  • Gross Income $1,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,107

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Attribution Contact: 9315269581
  • Directions: From PCCH: W. on Spring St., N. on Willow, left on Allen Rd., right on Lane Farm Rd., 3 units on right.
  • Prop. Type: Residential Income
  • Year Built: 1955
  • Property Sub Type: Other Multi-Family
  • Lot Size Acres: 8.2
  • Lot Size: See Ac.
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Total Bedrooms: 7
  • Living Area: 739

Exterior Features

  • Construction Type: Frame

Utilities

  • Electric: UCEMC
  • Sewer: Septic Tank
  • Gas Company: N/A
  • Water Source: Utility District, Gainesboro Grade

Condo/Co-op/Association

  • Pets Allowed: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 357192
  • Farm Land Area Units: Square Feet
  • Parcel #: 003.00

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Annual Gross Income: 1350
  • Number Of Units Vacant: 2
  • Total Actual Rent: 1350

Tax Info

  • Tax Annual Amount: 1106.76
  • Tax Map Number: 027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2010
Sold by
Bean Joyce Farr
Bought by
Wilson Charles
Current Estimated Value
$355,622

Purchase Details

Closed on
Mar 15, 2005
Sold by
Sharon Hulsey
Bought by
Farr Bean Joyce

Purchase Details

Closed on
Oct 9, 2003
Sold by
Farr and Joyce Bean Joyce
Bought by
Sharon Hulsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.45%

Purchase Details

Closed on
Oct 18, 1996
Sold by
Farr Everett D
Bought by
Farr Joyce E

Purchase Details

Closed on
Sep 21, 1994
Sold by
Morris William C
Bought by
Farr Everett D

Purchase Details

Closed on
Aug 14, 1972
Bought by
Morris William C and Morris Virginia L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wilson Charles $150,000 --
Farr Bean Joyce $133,710 --
Sharon Hulsey $145,000 --
Farr Joyce E -- --
Farr Everett D -- --
Morris William C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morris William C $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2020 07/06/20 Sold $151,500 0.0% $205 / Sq Ft
01/01/1970 01/01/70 Off Market $151,500 -- --
Source: Upper Cumberland 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 $1,302 $48,950 $14,425 $34,525
2023 $1,302 $48,950 $14,425 $34,525
2022 $1,210 $48,950 $14,425 $34,525
2021 $1,230 $48,950 $14,425 $34,525
2020 $1,107 $49,775 $14,425 $35,350
2019 $1,107 $37,825 $14,425 $23,400
2018 $1,033 $37,825 $14,425 $23,400
2017 $1,033 $37,825 $14,425 $23,400
2016 $1,033 $37,825 $14,425 $23,400
2015 $1,033 $37,825 $14,425 $23,400
2014 $1,093 $38,979 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gina Key

    Seller's Agent in 2020

    Gina Key

    American Way Real Estate

    (931) 267-3271

    169 in this area

    274 Total Sales

    Gina Key
    Section Image
See All Agents

Map

Source: Upper Cumberland Association of REALTORS®

MLS Number: 197869

Upper Cumberland Association of REALTORS®

APN: 027-003.00

Tennessee Putnam County Cookeville 38501

3145 Lane Farm Rd, Cookeville, TN

Not Listed for Sale

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.

Upper Cumberland Association of REALTORS® Copyright 2025 Upper Cumberland Board of Realtors. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Upper Cumberland Board of Realtors.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Nearby Homes