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Spencer 38585
209 Spencer Dr
Photo of 209 Spencer Dr
Sold on Jun 26, 2026

58

Map

Photo of 209 Spencer Dr
Photo of 209 Spencer Dr
$399,999
● House - Off Market

209 Spencer Dr

Spencer, TN 38585
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,008 Ft²
$2,000
Est. Monthly

About This Property

Lake front stunner with over 3000 square feet is priced to sell!! With a 0.88 acre lot, you will love the space this home offers! Remodeled with updates from top to bottom, there is nothing left to do and everything is new! With its cozy atmosphere and desirable location, this home is perfect for those seeking a peaceful retreat in a beautiful setting.
Unit Size
3,008 Ft²
Days on Market
214 days
Land Size
0.88 acres
Price per sqft
$133
Property Type
House
Property Taxes
$36
HOA Dues
-
Year Built
1983

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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: 4 months ago (Realtracs #RTC3050167)

Price History

Date / Event Date Event Price
Jun 26, 2026 Sold
Premium
Sold
Nov 23, 2025 Listed by Angela Fowler Real Estate, LLC $399,999
Listed by Angela Fowler Real Estate, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 432
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,375
  • Lot Size Depth Feet: 3,070
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,584
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPENCER ADDITION
  • Land Acres: 0000000881
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 01 GIS 2000 1-30I-29.00, COUNTY AREA: S01

Neighborhood

  • School District Name: Van Buren County School District
  • School Tax School District: 88690
  • Census Tract: 925200

Geography

  • Assessors Map Reference: 030I
  • District: 01
  • Parcel: 088030I A 06300
  • Lot: 29
  • Municipality: SPENCER CITY
  • Latitude: 35.7395
  • Longitude: -85.4751

    Address

  • Full Address: 209 Spencer Dr
  • Address - House Number: 209
  • Address - Street Name: Spencer
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Spencer
  • Carrier Code: R002
  • 4-Digit Zip Code: 3211
  • Zip Code: 38585

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $61,000
  • Tax Rate Code Area: 88A01

    Appraisal Valuation

  • Standard Deviation: 0.4482
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 10
  • Final Value: 169,217
  • High Value: 245,076
  • Low Value: 93,357

    Market Valuation

  • Market Total Value: $101,700
  • Market Land Value: $12,000
  • Market Improvement Value: $89,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,425
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $22,425

    Sales

  • Current Sale Recording Date: Sep 03, 1998
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 01, 1983
  • Previous Sale Amount: $34,500
  • 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 Spencer

Stats & Trends

Median Asking:

$289,900

Sale Price/ft²

$142

Above Asking

0.00%

Average Days on Market

200

Average Home Size

1710 ft²

Average Home Age

48.6 years

Currently For Sale

8 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: Angela Fowler, Angela Fowler Real Estate, LLC
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3050167
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 209 Spencer Drive built and last sold?
The property at 209 Spencer Drive was built in 1983 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 209 Spencer Drive is $407,094.
What are some comparable homes to 209 Spencer Drive?
There are currently no comparable homes to 209 Spencer Drive.
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