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Olivet 38372
341 Somerset Loop
Photo of 341 Somerset Loop

61

Map

Photo of 341 Somerset Loop
Photo of 341 Somerset Loop
$179,000
● House - Off Market

341 Somerset Loop

Savannah, TN 38372
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,628 Ft²
$944
Est. Monthly

About This Property

Welcome home to this spacious 3-bedroom, 2-bath home nestled in a beautiful, quiet, well-established neighborhood in Savannah, Tennessee. Offering plenty of room to make your own, this property would be a wonderful choice for a first-time homebuyer, growing family, or investment property.

Inside, you'll find a comfortable and spacious layout designed for everyday living. A large 2-car attached garage provides plenty of room for vehicles, storage, or hobbies. Step outside onto the large back deck, the perfect place to relax, entertain, or simply enjoy the peaceful surroundings.

Conveniently located just minutes from schools, shopping, dining, and other Savannah amenities, this home offers the quiet neighborhood setting you've been looking for without sacrificing convenience.
Unit Size
1,628 Ft²
Days on Market
-
Land Size
0.78 acres
Price per sqft
$110
Property Type
House
Property Taxes
$65
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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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: 20 days ago (Realtracs #RTC3515104)

Price History

Date / Event Date Event Price
Oct 19, 2026 No longer available -
No longer available
Sep 16, 2026 Price Decreased $179,000
↓ $16K (8.2%)
Price Decreased
Aug 18, 2026 Listed by United Country-Terry Realty $195,000
Listed by United Country-Terry Realty
Oct 31, 2023 No longer available -
No longer available
Oct 27, 2023 Listed by 2 CRANES REALTY $155,000
Listed by 2 CRANES REALTY
3BD/ 2BA HOME W/2 CAR GARAGE NICE HOUSE, BUT STILL NEEDS A LITTLE TLC HERE AND THERE. SUNKEN LIVING ROOM WITH FIREPLACE, DINING ROOM, GALLEY STYLE KITCHEN AND BACK DECK. SITS ON ¾ ACRE AND LOCATED IN THE OLIVET COMMUNITY PRICED WAY BELOW TAX VALUE FOR A FAST SALE! READY FOR YOU! CALL TODAY!

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 18
  • 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: 25
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,977
  • Total Building Area: 1,628
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000780
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 04, COUNTY AREA: S30

Neighborhood

  • School District Name: Hardin County School District
  • Census Tract: 920501

Geography

  • Assessors Map Reference: 082
  • District: 04
  • Parcel: 036082 07409
  • Latitude: 35.2094
  • Longitude: -88.1962

    Address

  • Full Address: 341 Somerset Loop
  • Address - House Number: 341
  • Address - Street Name: Somerset
  • Address - Suffix Type: Loop
  • State: TN
  • City Name: Savannah
  • Carrier Code: R009
  • 4-Digit Zip Code: 7715
  • Zip Code: 38372

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $78,100
  • Tax Rate Code Area: 36A00

    Appraisal Valuation

  • Standard Deviation: 0.1211
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 86
  • Final Value: 147,794
  • High Value: 165,701
  • Low Value: 129,888

    Market Valuation

  • Market Total Value: $178,400
  • Market Land Value: $7,600
  • Market Improvement Value: $170,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,600
  • Assessed Land Value: $1,900
  • Assessed Improvements Value: $42,700

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Oct 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 170827
  • Previous Sale Recording Date: Jun 29, 2018
  • Previous Sale Contract Date: Jun 27, 2018
  • Previous Sale Amount: $95,000
  • 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 Olivet

Stats & Trends

Median Asking:

$269,000

Sale Price/ft²

$157

Below Asking

0.04%

Average Days on Market

95

Average Home Size

2453 ft²

Average Home Age

26.8 years

Currently For Sale

4 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: Brandi Bundrant, United Country-Terry Realty
Last Updated: 20 days ago
Data Source: Realtracs, MLS# RTC3515104
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 341 Somerset Loop built and last sold?
The property at 341 Somerset Loop was built in 1978 and last sold on Aug 30, 2023 for $81,000.
How much is this home worth?
The estimated value of the home located at 341 Somerset Loop is $202,693.
What are some comparable homes to 341 Somerset Loop?
There are currently no comparable homes to 341 Somerset Loop.
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