NOT LISTED FOR SALE

8651 Franklin Rd Murfreesboro, TN 37128

Estimated Value: $428,000 - $3,259,420

40 Acres
$53,837 Price per Acre
1,742,400 Sq Ft Lot

Last Sold April 12, 2023

Last sale price $2,400,000 $1,481 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $12,080/month

3 Days on Market

Highlights

  • 40 Acre Lot
  • Paved or Partially Paved Lot
  • Farm
  • Rockvale Elementary School Rated A-
  • No Heating

About This Lot

As of April 2023

Conveniently located to Murfreesboro, this 1620 SqFt, Brick Ranch home on 40 beautiful acres offers 3 BR, 1 bath, and was built in 1964. One owner home. 1362’ road frontage at Franklin Rd. (Hwy 96), and 985’ road frontage at Coleman Hill Rd. Buyer to conduct their due diligence in regard to zoning, subdivision, developing, and land use codes, and what buyer deems important to the sale. All info is believed to be accurate but not guaranteed. Buyer or Buyer's Agent to Verify any Pertinent Information.

Last Agent to Sell the Property

Connie Williams

East Realty Company License #322643 Listed on: 12/09/2022

East Realty Company

Co-Listed By

Sheila Tidwell

East Realty Company License # 319279

Last Buyer's Agent

Jeramie Taber

Exit Realty Bob Lamb & Associates License #290589

Exit Realty Bob Lamb & Associates

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,715

Year Built

  • Built in 1963

Lot Details

  • 40 Acre Lot
  • Property fronts a highway
  • Paved or Partially Paved Lot
  • Property is zoned Agricultur

Home Design

  • Farm

Schools

  • Rockvale Elementary School
  • Blackman Middle School
  • Rockvale High School

Additional Features

  • Property has 3 Levels
  • Septic Tank

Community Details

  • None Listed Subdivision

Listing and Financial Details

  • Assessor Parcel Number 094 06100 R0059098

Property Details

Property Type

Land

Est. Annual Taxes

$1,715

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Farm
  • Year Built: 1963
  • Habitable Residence: No
  • Inclusions: LDBLG
  • Unit Levels: Three Or More
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • Road Frontage Type: Highway
  • Road Surface Type: Asphalt, Paved
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No

Lot Info

  • Zoning: Agricultur
  • Lot Size Acres: 40
  • Lot Size: 1,742,393sf
  • Lot Size Units: Acres
  • Parcel #: 094 06100 R0059098
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1715

MLS Schools

  • Elementary School: Rockvale Elementary
  • High School: Rockvale High School
  • Middle Or Junior School: Blackman Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
8651 Franklin Rd Development Llc
Bought by
8651 Franklin Rd Tn Development Llc
Current Estimated Value
$2,153,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,932,500
Outstanding Balance
$5,911,492
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
-$3,758,019

Purchase Details

Listed on
Dec 9, 2022
Closed on
Apr 25, 2023
Sold by
Hesson Jerry Chad
Bought by
8651 Franklin Development Llc
Seller's Agent
Connie Williams
East Realty Company
Buyer's Agent
Jeramie Taber
Exit Realty Bob Lamb & Associates
List Price
$2,400,000
Sold Price
$2,400,000
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.18%
Original Mortgage
$1,922,500
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 9, 2022
Closed on
Apr 12, 2023
Sold by
I-Iesson Jerry Chad
Bought by
8651 Franklin Development Llc
Seller's Agent
Connie Williams
East Realty Company
Buyer's Agent
Jeramie Taber
Exit Realty Bob Lamb & Associates
List Price
$2,400,000
Sold Price
$2,400,000
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,922,500
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2022
Sold by
Eaton Wilson Jean Margaret
Bought by
Hesson Jerry

Purchase Details

Closed on
Dec 1, 2003
Sold by
Wilson J E
Bought by
Jean Wilson Margaret

Purchase Details

Closed on
Apr 4, 2001
Sold by
Excel Builders
Bought by
Consolidated Utility Dist

Purchase Details

Closed on
Aug 18, 1997
Sold by
Wilson J E
Bought by
Excel Builders
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
8651 Franklin Rd Tn Development Llc -- None Listed On Document
8651 Franklin Rd Tn Development Llc -- None Listed On Document
8651 Franklin Development Llc -- None Listed On Document
8651 Franklin Development Llc $2,400,000 None Listed On Document
Hesson Jerry -- --
Jean Wilson Margaret -- --
Consolidated Utility Dist -- --
Excel Builders $14,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8651 Franklin Rd Tn Development Llc $5,932,500
Closed 8651 Franklin Rd Tn Development Llc $5,932,500
Previous Owner 8651 Franklin Development Llc $1,922,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2023 04/12/23 Sold $2,400,000 0.0% $1,481 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
12/09/2022 12/09/22 For Sale $2,400,000 -- $1,481 / 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 $9,429 $502,550 $441,800 $60,750
2024 $9,429 $502,550 $441,800 $60,750
2023 $9,429 $145,800 $85,050 $60,750
2022 $1,613 $99,775 $39,025 $60,750
2021 $1,715 $77,275 $29,900 $47,375
2020 $1,715 $77,275 $29,900 $47,375
2019 $1,715 $77,275 $29,900 $47,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2465642

Realtracs

APN: 094-061.00-000