NOT LISTED FOR SALE

3725 Ravenstrace Ln Franklin, TN 37064

Estimated Value: $1,777,000 - $2,459,000

10.5 Acres
$201,882 Price per Acre
457,380 Sq Ft Lot

Last Sold February 19, 2016

Last sale price $165,000

Est. 1,185% increase in value since last sale

Current estimated payment $11,682/month

Highlights

  • Paved or Partially Paved Lot
  • Lot Has A Rolling Slope
  • No Heating
  • Walnut Grove Elementary School Rated A

About This Lot

As of February 2016

10.5 ACRES LOCATED IN THE RAVENSTRACE GATED COMMUNITY - BACKS TO NATCHEZ TRACE - SCENIC MOUNTAIN TOP VIEW - LOCATED OFF HWY 96 NEAR NATCHEZ TRACE BRIDGE - NEW PAVED ROAD JUST COMPLETED - NO ASSESSMENT ADDED - SEPTIC SITE HAS BEEN APPROVED AND RECORDED

Last Agent to Sell the Property

Terry DeSelms

License #241060 Listed on: 01/08/2016

Co-Listed By

Jay Toms

Southern Life Real Estate License # 304196

Last Buyer's Agent

Gigi Spires

Benchmark Realty, LLC License #333204

Benchmark Realty, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,164

Lot Details

  • 10.5 Acre Lot
  • Property fronts a private road
  • Paved or Partially Paved Lot
  • Lot Has A Rolling Slope

Schools

  • Walnut Grove Elementary School
  • Grassland Middle School
  • Franklin High School

Community Details

  • Ravenstrace Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 094039 00503 00006039

Property Details

Property Type

Land

Est. Annual Taxes

$1,164

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: Private Road
  • Road Surface Type: Paved
  • Topography: ROLLI
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: RESIDENTIA
  • Lot Size Acres: 10.5
  • Lot Size Units: Acres
  • Parcel #: 094039 00503 00006039
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1164
  • Tax Lot: 5

MLS Schools

  • Elementary School: Walnut Grove Elementary
  • High School: Franklin High School
  • Middle Or Junior School: Grassland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2020
Sold by
Spaulding Michael A and Spaulding Margaret W
Bought by
Wright Chad C and Wright Jill L
Current Estimated Value
$2,119,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Outstanding Balance
$184,586
Interest Rate
2.9%
Mortgage Type
Closed End Mortgage
Estimated Equity
$1,935,179

Purchase Details

Listed on
Jan 8, 2016
Closed on
Feb 19, 2016
Sold by
Slemp Margaret S and Case Margaret S
Bought by
Spaulding Michael A and Spaulding Margaret W
Seller's Agent
Terry DeSelms
Buyer's Agent
Gigi Spires
Benchmark Realty, LLC
List Price
$535,000
Sold Price
$165,000
Premium/Discount to List
-$370,000
-69.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.32%

Purchase Details

Closed on
May 30, 2001
Sold by
Ravenstrace Llc
Bought by
Slemp James Lee and Case Margaret S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.11%
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
Wright Chad C $260,000 None Available
Spaulding Michael A $165,000 --
Slemp James Lee $166,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Chad C $208,000
Previous Owner Slemp James Lee $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2018 06/10/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $535,000 +224.2% --
02/19/2016 02/19/16 Sold $165,000 -- --
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 $4,793 $254,950 $67,575 $187,375
2023 $2,450 $67,575 $67,575 $0
2022 $1,270 $67,575 $67,575 $0
2021 $1,270 $67,575 $67,575 $0
2020 $909 $40,950 $40,950 $0
2019 $909 $40,950 $40,950 $0
2018 $880 $40,950 $40,950 $0
2017 $880 $40,950 $40,950 $0
2016 $0 $40,950 $40,950 $0
2015 -- $50,400 $50,400 $0
2014 -- $50,400 $50,400 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Terry DeSelms

  • Jay Toms

    Seller Co-Listing Agent in 2016

    Jay Toms

    Southern Life Real Estate

    (615) 364-4885

    75 Total Sales

    Jay Toms
    Section Image
  • Gigi Spires

    Buyer's Agent in 2016

    Gigi Spires

    Benchmark Realty, LLC

    (615) 406-5395

    43 Total Sales

    Gigi Spires
    Section Image
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Map

Source: Realtracs

MLS Number: 1694915

Realtracs

APN: 039-005.03

Tennessee Williamson County Franklin 37064

3725 Ravenstrace Ln, Franklin, TN

This home is located at 3725 Ravenstrace Ln, Franklin, TN 37064 since 08 January 2016 and is currently estimated at $2,119,765. 3725 Ravenstrace Ln is a home located in Williamson County with nearby schools including Walnut Grove Elementary School, Grassland Middle School, and Franklin High School.

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