NOT LISTED FOR SALE

7388 Prospect Rd Prospect, TN 38477

Estimated Value: $853,403 - $967,000

5 Beds
4.5 Baths
4,749 Sq Ft
$191/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $587,000 $124 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,009/month

113 Days on Market

Highlights

  • Barn
  • Wood Flooring
  • Covered Patio or Porch
  • 27 Acre Lot
  • 2 Fireplaces
  • Walk-In Closet

About This Home

As of January 2021

Full Brick Home on 27 Acres! This 4,749 SF home w/ 5 BR/5 BA features wood flooring, vaulted ceiling & gas log fireplace in the living room, eat in kitchen w/ cherry cabinets & tile backsplash, & separate dining room w/ crown molding & wood flooring. The master features crown molding,gas log fireplace , & a glamour bath w/ a garden tub, double vanity, & a 6x15 walk in closet. BRs 2, 3, & 4 are located on the 2nd level & all feature carpet & ceiling fans. House also features awalk out basement.

Last Agent to Sell the Property

Jay Butler

Butler Realty Brokerage Phone: 2565274412 License # 277362 Listed on: 08/20/2020

Last Buyer's Agent

April Gardner

William Wilson Homes License #337776

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,335

Year Built

  • Built in 2005

Lot Details

  • 27 Acre Lot
  • Chain Link Fence

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,749 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • 2 Fireplaces
  • Interior Storage Closet
  • Home Security System
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Minor Hill Elementary And Middle School
  • Giles Co High School

Farming

  • Barn

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 156 02900 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,335

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2005
  • Unit Levels: One
  • Building Stories: 3
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Interior Amenities: Ceiling Fan(s), Extra Closets, Storage, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Fireplace: Yes
  • Fireplaces: 2
  • Flooring: Carpet, Finished Wood, Laminate, Tile
  • Total Bedrooms: 5
  • Main Level Bedrooms: 1
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 4749
  • Building Area Units: Square Feet
  • Living Area: 4749
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Barn(s), Garage Door Opener, Storage
  • Construction Type: Brick
  • Fencing: Chain Link
  • Patio And Porch Features: Covered Patio, Covered Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached - Side
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 27
  • Lot Size Units: Acres
  • Parcel #: 156 02900 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3335

MLS Schools

  • Elementary School: Minor Hill School
  • High School: Giles Co High School
  • Middle Or Junior School: Minor Hill School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Jan 15, 2021
Sold by
Gray Thomas G and Gray Terri L
Bought by
Light John K and Light Terry N
Seller's Agent
Jay Butler
Butler Realty
Buyer's Agent
April Gardner
William Wilson Homes
List Price
$599,900
Sold Price
$587,000
Premium/Discount to List
-$12,900
-2.15%
Current Estimated Value
$906,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,801
Avg. Annual Appreciation
9.28%
Original Mortgage
$498,950
Outstanding Balance
$444,294
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$462,507

Purchase Details

Closed on
Jan 28, 2005
Sold by
Sanders James Steve
Bought by
Gray Thomas G

Purchase Details

Closed on
Aug 12, 2004
Bought by
Gray Thomas G Terri

Purchase Details

Closed on
Jan 7, 1993
Bought by
Sanders Brothers

Purchase Details

Closed on
Nov 12, 1986
Bought by
Sanders Brothers

Purchase Details

Closed on
Nov 29, 1985
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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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
Light John K $587,000 Lenders Title Company
Gray Thomas G $60,000 --
Gray Thomas G Terri $60,000 --
Sanders Brothers $10,000 --
Sanders Brothers -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Light John K $498,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $587,000 -2.2% $124 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $599,900 -- $126 / 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 $3,048 $153,450 $0 $0
2024 $3,048 $153,450 $9,450 $144,000
2023 $3,048 $153,450 $9,450 $144,000
2022 $3,048 $153,450 $9,450 $144,000
2021 $3,303 $116,925 $6,500 $110,425
2020 $3,303 $116,925 $6,500 $110,425
2019 $3,335 $118,075 $6,500 $111,575
2018 $3,335 $118,075 $6,500 $111,575
2017 $3,335 $118,075 $6,500 $111,575
2016 $3,425 $115,275 $5,425 $109,850
2015 $3,194 $115,275 $5,425 $109,850
2014 $3,194 $115,272 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2181689

Realtracs

APN: 156-029.00