3725 Ravenstrace Ln Franklin, TN 37064
Estimated Value: $428,294 - $1,582,000
11
Acres
$95,728
Price per Acre
457,380
Sq Ft Lot
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 201610.5 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
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,164
Year Built
- 2023
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
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
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
Interest Rate
2.9%
Mortgage Type
Closed End Mortgage
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
10.59%
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%
Similar Properties in Franklin, TN
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
Average Home Value in this Area
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 | $2,198,124 | |
| Closed | Wright Chad C | $208,000 | |
| Previous Owner | Slemp James Lee | $138,335 | |
| Previous Owner | Slemp James Lee | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
77 Total Sales
-
Gigi Spires
Buyer's Agent in 2016
Gigi Spires
Benchmark Realty, LLC
(615) 406-5395
40 Total Sales
Map
Source: Realtracs
MLS Number: 1694915
APN: 039-005.03
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