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Waynesboro 38485
287 Michael Dr
Photo of 287 Michael Dr

98

Map

Photo of 287 Michael Dr
Photo of 287 Michael Dr
$1,075,000
↓ $25K (2.3%)
● House - For Sale

287 Michael Dr

Waynesboro, TN 38485
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
6,785 Ft²
$5,829
Est. Monthly

About This Property

This is a must-see home! So many extras!! Entering the circle drive, you arrive with a big welcome at the front door entrance. You'll have privacy and tranquility among the shaded lot. This home features both attached and detached garages. Screened porch and deck! Wainscotting, and trey ceilings! Built in cabinetry, and lots of storage.  Basement opens up to the beautiful and secluded backyard. This could be your dream! Come take a private tour today!
Unit Size
6,785 Ft²
Days on Market
136 days
Land Size
3.36 acres
Price per sqft
$158
Property Type
House
Property Taxes
$550
HOA Dues
-
Year Built
1996

Listed By

David James Walker
[email protected]
Crye-Leike, Inc., REALTORS

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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: 2 months ago (Realtracs #RTC3242744)

Price History

Date / Event Date Event Price
Sep 9, 2026 Price Decreased $1,075,000
↓ $25K (2.3%)
Price Decreased
Apr 20, 2026 Listed by Crye-Leike, Inc., REALTORS $1,100,000
Listed by Crye-Leike, Inc., REALTORS

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached
Garage Spaces: 3
Interior Details
Half Bathrooms: 2
Full Bathrooms: 4
Appliances: Built-In Electric Oven
Flooring Type: Wood, Other
Basement: Finished
Exterior Details
Square Footage: 6785
Square Footage Source: $0
Year Built: 1996
Building Area Total: 6785
Levels: Three Or More
Building Area Units: Square Feet
Construction Materials: Brick
Lot Size Area: 3.36
Lot Size Units: Acres
Lot Size Acres: 3.36
Lot Size Square Feet: 146361.6
Water Source: Public
Financial Details
Tax Annual Amount: $6,598
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 6
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 24
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 1,272
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 146,362
  • Total Building Area: 5,248
  • Building Area: 5,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 5,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003360
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: W04

Neighborhood

  • School District Name: Wayne County School District
  • School Tax School District: 91764
  • Census Tract: 950200

Geography

  • Assessors Map Reference: 066K
  • District: 01
  • Parcel: 091066L C 00105
  • Municipality: WAYNESBORO
  • Latitude: 35.3314
  • Longitude: -87.7518

    Address

  • Full Address: 287 Michael Dr
  • Address - House Number: 287
  • Address - Street Name: Michael
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Waynesboro
  • Carrier Code: R005
  • 4-Digit Zip Code: 3025
  • Zip Code: 38485

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $318,800
  • Tax Rate Code Area: 91A04

    Appraisal Valuation

  • Standard Deviation: 0.2262
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 68
  • Final Value: 750,425
  • High Value: 920,172
  • Low Value: 580,679

    Market Valuation

  • Market Total Value: $665,100
  • Market Land Value: $40,300
  • Market Improvement Value: $624,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $166,275
  • Assessed Land Value: $10,075
  • Assessed Improvements Value: $156,200

    Sales

  • Current Sale Contract Date: Jun 22, 2015
  • Current Sale Recording Date: Jun 23, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 69912
  • Previous Sale Recording Date: Jan 03, 2006
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: 27
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 Waynesboro

Stats & Trends

Median Asking:

$197,450

Sale Price/ft²

$153

Below Asking

0.02%

Average Days on Market

80

Average Home Size

2157 ft²

Average Home Age

57.6 years

Currently For Sale

15 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: Tiffany S. Cope, Vice Pres., CRS, Crye-Leike, Inc., REALTORS
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3242744
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 287 Michael Drive built and last sold?
The property at 287 Michael Drive was built in 1996 and last sold on Jun 22, 2015 for $400,000.
How much is this home worth?
The estimated value of the home located at 287 Michael Drive is $1,076,965.
What are some comparable homes to 287 Michael Drive?
There are currently no comparable homes to 287 Michael Drive.
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