NOT LISTED FOR SALE

3229 Old State Highway 28 Dunlap, TN 37327

Estimated Value: $566,000 - $3,645,000

1,470 Acres
$1,618 Price per Acre
64,033,200 Sq Ft Lot

Last Sold December 17, 2021

Last sale price $3,650,000 $825 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $13,870/month

465 Days on Market

Highlights

  • Water Views
  • 1,470 Acre Lot
  • No Heating

About This Lot

As of December 2021

Merri Acres Farm has been in the same family for 100 years. Features include three miles of Cumberland Plateau bluff in the back of the property that drops down to its's lush green fields of the Sequatchie Valley, fenced and cross fenced for cattle, five named creeks/branches that cascade down from the bluff, 4500 square foot home, well established dove field, pond, barn, pole barn, concrete outbuilding and numerous planted and natural tree species. Development Potential In Opportunity Zone

Last Listed By

William Sullivan

Covey Rise Properties LLC License # 344830 Listed on: 05/14/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,516

Year Built

  • 1986

Lot Details

  • 1,470 Acre Lot
  • Property fronts a state road
  • Property is zoned AGRI

Property Views

  • Water
  • Bluff

Schools

  • Cecil B Rigsby Elementary School
  • Bledsoe Co Middle School
  • Bledsoe Co High School

Additional Features

  • Property has 3 Levels
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 109 01500 000

Property Details

Property Type

Land

Est. Annual Taxes

$6,516

Year Built

1986

Lot Details

0

Listing Details

  • Prop. Type: Farm
  • Habitable Residence: No
  • Inclusions: LDBLG
  • Unit Levels: Three Or More
  • ResoPropertyType: Farm
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built: 1986

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • Road Frontage Type: State Road
  • Road Surface Type: Asphalt
  • View: Bluff, Water
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

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

Lot Info

  • Zoning: AGRI
  • Lot Size Acres: 1470
  • Lot Size Units: Acres
  • Parcel #: 109 01500 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 6516

MLS Schools

  • Elementary School: Cecil B Rigsby Elementary
  • High School: Bledsoe Co High School
  • Middle Or Junior School: Bledsoe Co Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Dec 16, 2021
Sold by
Merri Acres Farms Inc
Bought by
The Fields At Fall Creek Llc
Seller's Agent
William Sullivan
Covey Rise Properties LLC
Buyer's Agent
William Sullivan
Covey Rise Properties LLC
List Price
$3,650,000
Sold Price
$3,650,000
Total Days on Market
465
Current Estimated Value
$2,378,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,271,600
Avg. Annual Appreciation
-22.14%
Original Mortgage
$2,372,500
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2017
Sold by
Tennessee Cons Coal Co
Bought by
Lexington Coal Company Llc

Purchase Details

Closed on
Apr 29, 2016
Sold by
Merri Acres Farms Inc
Bought by
Bethel Church Of Christ

Purchase Details

Closed on
Mar 12, 2001
Sold by
Merri Acres Farms
Bought by
Staggs James M

Purchase Details

Closed on
Mar 2, 2001
Sold by
Merri Acre Farms Inc
Bought by
Bethel Church Of Christ

Purchase Details

Closed on
May 5, 2000
Sold by
Smith Charles and Smith Robin
Bought by
Smith Billy G and Smith Fonda C

Purchase Details

Closed on
Mar 10, 2000
Sold by
Songer Robbie
Bought by
Smith Charles and Smith Robin

Purchase Details

Closed on
Oct 22, 1999
Sold by
Weldon James H and Weldon Yonna
Bought by
Songer Robbie

Purchase Details

Closed on
Jul 17, 1998
Sold by
Whited Kimberly P
Bought by
Weldon James H and Weldon Yonna

Purchase Details

Closed on
May 8, 1998
Sold by
Pope Lonnie
Bought by
Whited Kimberly P

Purchase Details

Closed on
Apr 4, 1998
Sold by
Songer Garry and Songer Sharlyn
Bought by
Jpope Lonnie D and Jpope Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500
Interest Rate
7.07%

Purchase Details

Closed on
Jan 9, 1998
Sold by
Pope Jimmy
Bought by
Songer Garry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500
Interest Rate
7.07%

Purchase Details

Closed on
Jun 13, 1997
Sold by
George James
Bought by
Pope Jimmy

Purchase Details

Closed on
May 24, 1997
Sold by
Merri Acres Farms Inc
Bought by
George James

Purchase Details

Closed on
May 1, 1996
Sold by
Smith Sharon M
Bought by
Smith Sharon M

Purchase Details

Closed on
May 29, 1995

Purchase Details

Closed on
Dec 20, 1994
Bought by
Merri Acres Farms

Purchase Details

Closed on
Nov 19, 1991

Purchase Details

Closed on
Mar 3, 1990
Bought by
Staggs W B

Purchase Details

Closed on
Jan 8, 1977
Bought by
Staggs W B

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
The Fields At Fall Creek Llc $3,576,379 None Available
Lexington Coal Company Llc $390,800 --
Bethel Church Of Christ $8,000 --
Staggs James M $2,000 --
Bethel Church Of Christ $7,800 --
Smith Billy G $111,925 --
Smith Charles $7,000 --
Songer Robbie $17,735 --
Weldon James H $4,400 --
Whited Kimberly P $6,600 --
Jpope Lonnie D $3,900 --
Songer Garry $12,000 --
Pope Jimmy $2,500 --
George James $15,000 --
Smith Sharon M $10,000 --
-- -- --
Merri Acres Farms -- --
-- -- --
Staggs W B -- --
Staggs W B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fields At Fall Creek Llc $2,500,000
Closed The Fields At Fall Creek Llc $2,372,500
Previous Owner Songer Garry E $78,000
Previous Owner Songer $6,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $3,650,000 0.0% $825 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
05/14/2020 05/14/20 For Sale $3,650,000 -- $825 / 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 $6,696 $324,575 $265,700 $58,875
2023 $6,696 $324,575 $265,700 $58,875
2022 $6,079 $324,575 $265,700 $58,875
2021 $6,516 $273,100 $220,775 $52,325
2020 $6,516 $273,100 $220,775 $52,325
2019 $6,516 $273,100 $220,775 $52,325
2018 $6,025 $273,100 $220,775 $52,325
2017 $6,039 $273,100 $220,775 $52,325
2016 $5,135 $226,600 $178,500 $48,100
2015 $5,022 $226,600 $178,500 $48,100
2014 $5,022 $226,600 $178,500 $48,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2149864

Realtracs

APN: 109-015.00