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Parsons 38363
40 Pine Cv
Photo of 40 Pine Cv

56

Map

Photo of 40 Pine Cv
Photo of 40 Pine Cv
$499,900
↓ $24K (4.6%)
● House - For Sale

40 Pine Cv

Parsons, TN 38363
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,752 Ft²
$2,616
Est. Monthly

About This Property

Beautiful brick home located in Parsons, TN, offering space, privacy, and flexibility. The main level features a desirable split floor plan with 3 bedrooms and 3.5 baths, plus a stunning sunroom perfect for enjoying your morning coffee and relaxing year-round. Situated on a quiet dead-end street, the home sits on a spacious 2-acre lot that provides both privacy and convenience to town. The basement includes a private apartment with its own bedroom and full bath, making it ideal for extended family or guests. Storage is abundant with an attached two-car garage, a detached two-car garage/workshop, and an additional storage garage on the property. This home is perfectly suited for a large family or anyone needing an in-law suite, all while enjoying a peaceful setting just minutes from town.
Unit Size
2,752 Ft²
Days on Market
242 days
Land Size
2.00 acres
Price per sqft
$182
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1999

Listed By

Lori Yarbro

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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 #RTC3135132)

Price History

Date / Event Date Event Price
Aug 25, 2026 Price Decreased $499,900
↓ $24K (4.6%)
Price Decreased
Aug 9, 2026 Price Decreased $524,000
↓ $10K (1.9%)
Price Decreased
Feb 14, 2026 Listed by Evans Real Estate $534,000
Listed by Evans Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Attached
Garage Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Ceiling Fan(s)
Appliances: Built-In Electric Range, Dishwasher
Flooring Type: Laminate
Has Fireplace
Fireplaces: 1
Basement: Finished, Full
Exterior Details
Square Footage: 2752
Square Footage Source: $0
Year Built: 1999
Building Area Total: 2752
Levels: Two
Building Area Units: Square Feet
Construction Materials: Brick
Lot Size Area: 2
Lot Size Units: Acres
Lot Size Acres: 2
Lot Size Square Feet: 87120
Water Source: Public
Financial Details
Tax Annual Amount: $1,929
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 1
  • 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: 6
  • Basement Area: 475
  • Garage Type: 24
  • Garage Square Area: 841
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 2,470
  • Lot Size Frontage Feet: 1,180
  • Total Building Area: 1,602
  • Building Area: 1,602
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,602
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 06, COUNTY AREA: A03

Neighborhood

  • School District Name: Decatur County School District
  • School Tax School District: 20572
  • Census Tract: 955004

Geography

  • Assessors Map Reference: 052L
  • District: 06
  • Parcel: 020052L B 00100
  • Municipality: PARSONS
  • Latitude: 35.6331
  • Longitude: -88.122

    Address

  • Full Address: 40 Pine Cv
  • Address - House Number: 40
  • Address - Street Name: Pine
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Parsons
  • Carrier Code: R011
  • 4-Digit Zip Code: 3234
  • Zip Code: 38363

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $174,600
  • Tax Rate Code Area: 20A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 452,234
  • High Value: 659,870
  • Low Value: 244,597

    Market Valuation

  • Market Total Value: $203,600
  • Market Land Value: $4,300
  • Market Improvement Value: $199,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,900
  • Assessed Land Value: $1,075
  • Assessed Improvements Value: $49,825

    Sales

  • Current Sale Contract Date: Jul 15, 2014
  • Current Sale Recording Date: Aug 11, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14068875
  • Previous Sale Recording Date: Jul 25, 2003
  • Previous Sale Amount: $12,000
  • 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 Parsons

Stats & Trends

Median Asking:

$197,000

Sale Price/ft²

$125

Below Asking

0.04%

Average Days on Market

143

Average Home Size

2154 ft²

Average Home Age

33.8 years

Currently For Sale

6 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: Lori D Yarbro, Evans Real Estate
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3135132
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 40 Pine Cove built and last sold?
The property at 40 Pine Cove was built in 1999 and last sold on Jul 15, 2014 for $191,500.
How much is this home worth?
The estimated value of the home located at 40 Pine Cove is $522,727.
What are some comparable homes to 40 Pine Cove?
There are currently no comparable homes to 40 Pine Cove.
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