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Carroll 38321
16 Thundercraw Point (Lot 90)
$89,149*
● Land - Off Market

16 Thundercraw Point (Lot 90)

CEDAR GROVE, TN 38321
bedrooms
Studio
bathrooms
0 Bath
$80,000 - $90,000
Reference Base Price*
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Beautiful partially cleared 1.6 acre lakefront lot in the gated community of Indian Lake. This lot has a gentle slope down to the water where there's a panoramic open water view. This is a perfect place to build your dream home on a professionally managed fishing lake where you can catch trophy bass! This is a great community to raise a family, retire or just build a nice fishing cabin. Come check out this wonderful community that's 20 minutes to Huntingdon, 30 minutes to Jackson & less than 2 hours from Memphis or Nashville. If you're looking to get away from the hustle & bustle of the city, you've found it. Call Shane Bowen for a private tour at .
Unit Size
-
Days on Market
-
Land Size
1.60 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$49
Year Built
-

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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.

Price History

Date / Event Date Event Price
Jun 2, 2023 No longer available -
No longer available
Nov 16, 2022 Listed $89,000
Listed
Jan 26, 2021 No longer available -
No longer available
Nov 10, 2020 Relisted $45,000
Relisted
Nov 6, 2020 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 69,696
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: INDIAN LAKE
  • Land Acres: 0000001600
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • Legal Description 1: DISTRICT: 06, COUNTY AREA: G70

Neighborhood

  • School District Name: West Carroll Special District
  • Census Tract: 962400

Geography

  • Assessors Map Reference: 154
  • District: 06
  • Parcel: 009154 00705
  • Lot: 90
  • Latitude: 35.85
  • Longitude: -88.5255

    Address

  • Full Address: 16 Thundercraw Pt
  • Address - House Number: 16
  • Address - Street Name: Thundercraw
  • Address - Suffix Type: Pt
  • State: TN
  • City Name: Cedar Grove
  • Zip Code: 38321

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $50,900
  • Tax Rate Code Area: 09B00

    Market Valuation

  • Market Total Value: $77,200
  • Market Land Value: $77,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,300
  • Assessed Land Value: $19,300

    Sales

  • Current Sale Contract Date: Feb 10, 2021
  • Current Sale Recording Date: Feb 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 186622
  • Previous Sale Recording Date: Apr 21, 2017
  • Previous Sale Contract Date: Apr 18, 2017
  • Previous Sale Amount: $24,750
  • Previous Sale Document Type: 71
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 Carroll

Stats & Trends

Median Asking:

$269,500

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2568 ft²

Average Home Age

42.6 years

Currently For Sale

35 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

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Frequently Asked Questions

When was property at 16 Thundercraw Point built and last sold?
The property at 16 Thundercraw Point was built in and last sold on Feb 10, 2021 for $35,000.
How much is this home worth?
The estimated value of the home located at 16 Thundercraw Point is $89,890.
What are some comparable homes to 16 Thundercraw Point?
There are currently no comparable homes to 16 Thundercraw Point.
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