NOT LISTED FOR SALE

5740 Yum Yum Rd Somerville, TN 38068

Estimated Value: $311,914 - $355,000

24.5 Acres
$13,610 Price per Acre
1,067,220 Sq Ft Lot

Last Sold September 14, 2022

Last sale price $290,000

Est. 15% increase in value since last sale

Current estimated payment $1,778/month

About This Lot

As of September 2022

Back on the market due to previous buyer's inability to close. 24.5 Acres of farmland less than 20 minutes from the new Blue Oval City in Stanton! Seller prefers to sell this land with adjacent 24.5 acres (totaling 49 acres) plus home (See 5700 Yum Yum Listing). If buyer does not want to purchase the adjacent land/home then offers must be contingent upon the owner selling 5700 Yum Yum. Land is currently income producing with owner receiving 25% of the net profits from the sale of farmed crops.

Last Agent to Sell the Property

Julianne Carney

Keller Williams License #338432 Listed on: 06/15/2022

Keller Williams

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $117

Lot Details

  • 24.5 Acre Lot
  • Rural Setting
  • Level Lot
  • Property is zoned Agricu

Farming

  • Crops

Listing and Financial Details

  • Assessor Parcel Number 024 00811 000024

Property Details

Property Type

Land

Est. Annual Taxes

$117

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Location: Rural
  • MLS Map #: 654A
  • Price Per Sq Ft: 11836.73
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Lot Info

  • Acreage: 24.5
  • Lot Size: 24.5
  • Price Per Acre: 12245
  • Zoning: Agricu
  • Improvements: Graded
  • Present Usage: Row Crops
  • Shape: Regular, Deep/Narrow
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Agriculture

Tax Info

  • Assessor Parcel Number: 024 00811 000024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Oct 27, 2022
Sold by
Utley Michael and Utley Brittany
Bought by
Bast Randy D
Seller's Agent
Julianne Carney
Keller Williams
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$300,000
Sold Price
$290,000
Premium/Discount to List
-$10,000
-3.33%
Views
21
Current Estimated Value
$333,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,457
Avg. Annual Appreciation
4.65%
Original Mortgage
$559,200
Outstanding Balance
$538,183
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
-$204,726

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 14, 2022
Sold by
Utley Michael and Utley Brittany
Bought by
Richardson Nicky
Seller's Agent
Julianne Carney
Keller Williams
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$300,000
Sold Price
$290,000
Premium/Discount to List
-$10,000
-3.33%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Outstanding Balance
$538,183
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
-$204,726

Purchase Details

Closed on
Nov 22, 2021
Sold by
Mcintosh David
Bought by
Utley Brittany and Utley Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,650
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2002
Bought by
Mcintosh David
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
Bast Randy D $699,000 --
Richardson Nicky $290,000 None Listed On Document
Utley Brittany $649,000 Fayette County Title Company
Mcintosh David $126,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bast Randy D $559,200
Previous Owner Richardson Nicky $206,581
Previous Owner Utley Brittany $551,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2022 09/14/22 Sold $290,000 -3.3% --
08/10/2022 08/10/22 For Sale $300,000 0.0% --
07/21/2022 07/21/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $300,000 -- --
Source: Memphis Area 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 $117 $9,050 $9,050 --
2023 $117 $9,050 $0 $0
2022 $117 $9,050 $9,050 $0
2021 $1,560 $120,825 $20,175 $100,650
2020 $1,572 $120,825 $20,175 $100,650
2019 $1,572 $104,300 $17,900 $86,400
2018 $1,572 $104,300 $17,900 $86,400
2017 $1,572 $104,300 $17,900 $86,400
2016 $1,560 $97,200 $18,425 $78,775
2015 $1,560 $97,200 $18,425 $78,775
2014 $1,560 $97,200 $18,425 $78,775
Source: Public Records

Agents Affiliated with this Home

  • Julianne Carney

    Seller's Agent in 2022

    Julianne Carney

    Keller Williams

    (901) 412-1080

    105 Total Sales

    Julianne Carney
    Section Image

  • N

    Buyer's Agent in 2022

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10126441

Memphis Area Association of REALTORS®

APN: 024-008.11

Tennessee Fayette County Somerville 38068

5740 Yum Yum Rd, Somerville, TN

This home is located at 5740 Yum Yum Rd, Somerville, TN 38068 since 15 June 2022 and is currently estimated at $333,457. 5740 Yum Yum Rd is a home located in Fayette County with nearby schools including Buckley-Carpenter Elementary School, East Junior High School, and Fayette Ware Comprehensive High School.

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