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Meigs 37322
318 Ford Road
Photo of 318 Ford Road
Sold on Jun 4, 2021

51

Map

Photo of 318 Ford Road
Photo of 318 Ford Road
$376,500
● House - Off Market

318 Ford Road

Decatur, TN 37322
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$409,398
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Green acres is the place to be....!! Come check out this adorable 3BR/2BA home on 11.58 acres with barn! Kitchen offers attractive cabinetry and stainless steel appliances. Relax in front of the adorable fireplace in the living room. The home beams with gorgeous hardwood floors in all the rooms and ceramic tile in bathrooms. The full basement offers lots of possibilities, you could use it for storage or renovate it and create extra room, recreation room, etc. Sit on your back deck and enjoy the sound of the babbling creek and the crickets and frogs at night. Bring your farm animals and house them in the barn and let them graze in the pasture. If you want to get away from the hustle and bustle of city live, this place might become your own private oasis! Make your appointment today before it is gone!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
11.58 acres
Price per sqft
$260
Property Type
House
Property Taxes
$76
HOA Dues
-
Year Built
1976

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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 #RTC2955957)

Price History

Date / Event Date Event Price
Jun 4, 2021 Sold
Premium
Sold
Apr 14, 2021 Listed by Coldwell Banker Pryor Realty $349,900
Listed by Coldwell Banker Pryor Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 2008
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 1,344
  • Garage Type: 25
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 504,425
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JACK PADGETT HEIRS PROP
  • Land Acres: 0000011580
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 02, COUNTY AREA: E01

Neighborhood

  • School District Name: Meigs County School District
  • Census Tract: 960200

Zoning

  • Zoning: FAR

Geography

  • Assessors Map Reference: 051
  • District: 02
  • Parcel: 061051 02202
  • Latitude: 35.4775
  • Longitude: -84.8342

    Address

  • Full Address: 318 Ford Rd
  • Address - House Number: 318
  • Address - Street Name: Ford
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Decatur
  • Carrier Code: R004
  • 4-Digit Zip Code: 7641
  • Zip Code: 37322

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $110,100
  • Tax Rate Code Area: 61A00

    Appraisal Valuation

  • Standard Deviation: 0.4585
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 8
  • Final Value: 365,991
  • High Value: 533,829
  • Low Value: 198,152

    Market Valuation

  • Market Total Value: $260,900
  • Market Land Value: $48,200
  • Market Improvement Value: $212,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,225
  • Assessed Land Value: $12,050
  • Assessed Improvements Value: $53,175

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jun 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 40472
  • Previous Sale Recording Date: Apr 25, 2013
  • Previous Sale Contract Date: Apr 18, 2013
  • Previous Sale Amount: $189,000
  • 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 Meigs

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$226

Below Asking

0.03%

Average Days on Market

89

Average Home Size

2223 ft²

Average Home Age

30.4 years

Currently For Sale

48 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: Anneke Wilkey, Coldwell Banker Pryor Realty
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC2955957
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 318 Ford Road built and last sold?
The property at 318 Ford Road was built in 1976 and last sold on Jun 4, 2021 for $376,500.
How much is this home worth?
The estimated value of the home located at 318 Ford Road is $355,966.
What are some comparable homes to 318 Ford Road?
There are currently no comparable homes to 318 Ford Road.
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