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Fayette 38028
1625 CHERRY RD
Photo of 1625 CHERRY RD
Sold on Feb 10, 2020

21

Map

Photo of 1625 CHERRY RD
Photo of 1625 CHERRY RD
$302,000
● House - Off Market

1625 CHERRY RD

Eads, TN 38028
bedrooms
4 Beds
bathrooms
3 Baths
$460,519
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Close to everything yet secluded for privacy! LONG driveway up because this 5 acre property is set way off road! Single story with 4 BRs or 3 and option for home office plus 3 FULL baths! Large eat in kitchen w/ granite, nice built in coffee bar, stainless appliances, and row of windows to view sprawling backyard. Good size master with private master bath and good closet space. Home has very open floor plan with great views of sprawling property both front and back!
Unit Size
-
Days on Market
-
Land Size
5.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$84
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #RTC3504383)

Price History

Date / Event Date Event Price
Feb 10, 2020 Sold
Premium
Sold
Nov 4, 2019 Listed by Crye-Leike Realtors $319,000
Listed by Crye-Leike Realtors
Jul 30, 2017 Listed $299,000
Listed
Serenity and privacy, along with low Fayette County taxes, just 19 minutes from Wolfchase Galleria! This single level house is set back off the road, affording a welcome buffer from the "busyness" of life. Out here, enjoy deer sightings, owl calls in the evening, and a vacation from city life despite easy access to the real world. Property is being sold with 5.04 acres at this price. An additional 5.7 acre flag lot, adjoining this property, is available for $75,000. Owner / Agent.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 219,542
  • Total Building Area: 2,966
  • Gross Building Area: 2,966
  • Building Area: 2,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,438
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PART/LE DICKEY PROP
  • Land Acres: 0000005040
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: DISTRICT: 07, COUNTY AREA: P50

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 060401

Geography

  • Assessors Map Reference: 083
  • District: 07
  • Parcel: 083-023.04
  • Lot: 14
  • Latitude: 35.2382
  • Longitude: -89.6158

    Address

  • Full Address: 1625 Cherry Rd
  • Address - House Number: 1625
  • Address - Street Name: Cherry
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Eads
  • Carrier Code: R005
  • 4-Digit Zip Code: 3103
  • Zip Code: 38028

Valuation

    Tax

  • Total Area: 2,438
  • Tax Year: 2023
  • Tax Amount: $92,300
  • Tax Rate Code Area: 24A00

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 424,431
  • High Value: 527,663
  • Low Value: 321,199

    Market Valuation

  • Market Total Value: $286,000
  • Market Land Value: $90,800
  • Market Improvement Value: $195,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $71,500
  • Assessed Land Value: $22,700
  • Assessed Improvements Value: $48,800

    Sales

  • Current Sale Contract Date: Feb 10, 2020
  • Current Sale Recording Date: Feb 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20000983
  • Previous Sale Recording Date: Sep 05, 2017
  • Previous Sale Contract Date: Sep 01, 2017
  • Previous Sale Amount: $280,751
  • 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 Fayette

Stats & Trends

Median Asking:

$555,000

Sale Price/ft²

$199

Below Asking

0.02%

Average Days on Market

88

Average Home Size

2453 ft²

Average Home Age

9.3 years

Currently For Sale

10 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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Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3504383
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 1625 Cherry Road built and last sold?
The property at 1625 Cherry Road was built in 1988 and last sold on Feb 10, 2020 for $302,000.
How much is this home worth?
The estimated value of the home located at 1625 Cherry Road is $322,190.
What are some comparable homes to 1625 Cherry Road?
There are currently no comparable homes to 1625 Cherry Road.
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