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Fentress 38574
1197 Ashburn Rd E/O Road
Photo of 1197 Ashburn Rd E/O Road
Sold on Apr 5, 2024

25

Map

Photo of 1197 Ashburn Rd E/O Road
Photo of 1197 Ashburn Rd E/O Road
$14,900
● Land - Off Market

1197 Ashburn Rd E/O Road

Monterey, TN 38574
bedrooms
Studio
bathrooms
0 Bath
$80
Est. Monthly

About This Property

Are you looking for a great piece of land in Monterey to build your new home? Or maybe you're looking to build a holiday home to enjoy what Tennessee offers? This 2.73-acre lot could be exactly what you need!

Located on a dead-end road, this land is heavily wooded and provides privacy and the ultimate getaway from city life.

Access to the land is currently through the front, and the right of way is on the newly recorded deed. However, there is also a road on the back end of the property that just about reaches the edge of the property line. The previous owner did not approve this second access, but it can be easily done if required.

This piece of land is perfect, providing privacy and easy access to Monterey, Cookeville, and Crossville if you want to go shopping or head to a restaurant.
Unit Size
-
Days on Market
-
Land Size
2.73 acres
Price per sqft
-
Property Type
Land
Property Taxes
$7
HOA Dues
-
Year Built
1992

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC3340183)

Price History

Date / Event Date Event Price
Apr 5, 2024 Sold
Premium
Sold
Apr 25, 2023 Listed by ListWithFreedom.com $14,900
Listed by ListWithFreedom.com
Nov 8, 2022 No longer available -
No longer available
Oct 1, 2022 Price Decreased $95,900
↓ $9K (8.6%)
Price Decreased
Sep 23, 2022 Price Decreased $104,900
↓ $5K (4.6%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Building Condition: 4
  • Building Quality: 13
  • Construction Type: 0
  • Building Style: 45
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Lot Size Depth Feet: 919
  • Lot Size Frontage Feet: 1,919
  • Total Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000420
  • Standard Land Use Code: 1006
  • County Land Use Code: MH2
  • Mobile Home Indicator: T
  • Legal Description 1: DISTRICT: 04, COUNTY AREA: C01

Neighborhood

  • School District Name: Fentress County School District
  • Census Tract: 965300

Geography

  • Assessors Map Reference: 154
  • District: 04
  • Parcel: 025154 01808
  • Latitude: 36.163
  • Longitude: -85.0515

    Address

  • Full Address: 1197 Ashburn Rd
  • Address - House Number: 1197
  • Address - Street Name: Ashburn
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Monterey
  • Carrier Code: R002
  • 4-Digit Zip Code: 5007
  • Zip Code: 38574

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,500
  • Tax Rate Code Area: 25A00

    Appraisal Valuation

  • Standard Deviation: 0.1288
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 85
  • Final Value: 88,035
  • High Value: 99,374
  • Low Value: 76,695

    Market Valuation

  • Market Total Value: $14,900
  • Market Land Value: $9,300
  • Market Improvement Value: $5,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,725
  • Assessed Land Value: $2,325
  • Assessed Improvements Value: $1,400
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Fentress

Stats & Trends

Median Asking:

$327,450

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

104

Average Home Size

2043 ft²

Average Home Age

21.6 years

Currently For Sale

173 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Ralph Harvey, ListWithFreedom.com
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3340183
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1197 Ashburn Road built and last sold?
The property at 1197 Ashburn Road was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1197 Ashburn Road is $15,049.
What are some comparable homes to 1197 Ashburn Road?
There are currently no comparable homes to 1197 Ashburn Road.
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