NOT LISTED FOR SALE

5989 Prospect Rd Prospect, TN 38477

Estimated Value: $320,000 - $437,000

3 Beds
2 Baths
1,384 Sq Ft
$262/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $145,000 $105 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $2,007/month

Highlights

  • Deck
  • 1 Fireplace
  • Log Cabin
  • Wood Flooring
  • Covered Patio or Porch
  • Cooling Available

About This Home

As of July 2017

16+/- acres with 1,384 SqFt Log Cabin style home in Prospect TN. Property has approximately 1,857 feet of road frontage & 1,496 feet of frontage on Richland Creek.

Last Agent to Sell the Property

Janice Duncan

Peoples Choice Realty, LLC License #284065 Listed on: 05/24/2017

Co-Listed By

Seth Duncan

Peoples Choice Realty, LLC License #305547

Last Buyer's Agent

Nadia Bridges

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,040

Year Built

  • Built in 2000

Lot Details

  • 16.32 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Log Cabin
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,384 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • 1 Fireplace
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Elkton Elementary
  • Giles Co High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Community Details

  • Potts Estate Auction Subdivision

Listing and Financial Details

  • Assessor Parcel Number 028143 02000 00002143

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,040

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Log
  • Year Built: 2000
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Finished Wood, Vinyl
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1384
  • Building Area Units: Square Feet
  • Living Area: 1384
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Construction Type: Frame
  • Patio And Porch Features: Deck, Covered Porch
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Gravel

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time
  • Senior Community: No

Lot Info

  • Lot Size Acres: 16.32
  • Lot Size Units: Acres
  • Parcel #: 028143 02000 00002143
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1040

MLS Schools

  • Elementary School: Elkton Elementary
  • High School: Giles Co High School
  • Middle Or Junior School: Elkton Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2017
Closed on
Jul 18, 2017
Sold by
Lane Erica and Lane Donald
Bought by
Bridges Robert E
Seller's Agent
Janice Duncan
Peoples Choice Realty, LLC
Buyer's Agent
Nadia Bridges
List Price
$269,900
Sold Price
$145,000
Premium/Discount to List
-$124,900
-46.28%
Current Estimated Value
$362,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,886
Avg. Annual Appreciation
11.40%
Original Mortgage
$130,500
Outstanding Balance
$108,160
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$254,726

Purchase Details

Closed on
Jul 9, 2012
Sold by
Clem Dural
Bought by
Clem Dural and Lane Erica

Purchase Details

Closed on
May 14, 1999
Sold by
Gerlach Betty Ann Potts
Bought by
Clem Dural Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,568
Interest Rate
6.84%

Purchase Details

Closed on
Sep 3, 1996
Bought by
Gerlach Betty Ann Potts
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Bridges Robert E $145,000 Rudy Title And Escrow Llc
Clem Dural -- --
Clem Dural Janice $28,900 --
Gerlach Betty Ann Potts $26,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bridges Robert E $130,500
Previous Owner Gerlach Betty Ann Potts $24,568
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Pending -- -- --
01/15/2020 01/15/20 Price Changed $259,900 -3.7% $188 / Sq Ft
12/28/2019 12/28/19 For Sale $269,900 0.0% $195 / Sq Ft
11/09/2019 11/09/19 Pending -- -- --
10/27/2019 10/27/19 For Sale $269,900 +86.1% $195 / Sq Ft
07/18/2017 07/18/17 Sold $145,000 -- $105 / 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
2025 $1,309 $56,775 $0 $0
2024 $1,128 $56,775 $20,300 $36,475
2023 $1,128 $56,775 $20,300 $36,475
2022 $1,128 $56,775 $20,300 $36,475
2021 $1,017 $36,000 $11,700 $24,300
2020 $1,017 $36,000 $11,700 $24,300
2019 $1,017 $36,000 $11,700 $24,300
2018 $1,017 $36,000 $11,700 $24,300
2017 $1,017 $36,000 $11,700 $24,300
2016 $1,040 $35,000 $12,150 $22,850
2015 $970 $35,000 $12,150 $22,850
2014 $985 $35,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1830477

Realtracs

APN: 143-020.00