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Lawrence 38468
408 Rabbit Trail Rd
Photo of 408 Rabbit Trail Rd
Sold on Sep 29, 2025

30

Map

Photo of 408 Rabbit Trail Rd
Photo of 408 Rabbit Trail Rd
$280,000
↑ $15K (5.3%)
● House - Off Market

408 Rabbit Trail Rd

Leoma, TN 38468
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,530 Ft²
$1,452
Est. Monthly
9.20%
Cap Rate

About This Property

Beautiful new home! Three bedrooms, 2 bath, spacious utility room!  Paneled trey ceilings in living room and master bedroom. Custom cabinets and quartz countertops! Open concept living area! Two car attached carport! This is a must see! Call for your tour today!
Unit Size
1,530 Ft²
Days on Market
224 days
Land Size
0.62 acres
Price per sqft
$193
Property Type
House
Property Taxes
$3
HOA Dues
-
Year Built
1990

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 6 months ago (Realtracs #RTC2785225)

Price History

Date / Event Date Event Price
May 29, 2026 Price Increased $294,900
↑ $15K (5.3%)
Price Increased
Sep 29, 2025 Sold
Premium
Sold
Jan 28, 2025 Listed by Crye-Leike, Inc., REALTORS $329,900
Listed by Crye-Leike, Inc., REALTORS

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,510,500
  • Total Building Area: 924
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000080590
  • Standard Land Use Code: 8008
  • County Land Use Code: 11
  • Legal Description 1: DISTRICT: 3

Neighborhood

  • School District Name: Lawrence County School District
  • Census Tract: 960900

Geography

  • Assessors Map Reference: 143
  • District: 03
  • Parcel: 050143 03700
  • Latitude: 35.104
  • Longitude: -87.3329

    Address

  • Full Address: 408 Rabbit Trail Rd
  • Address - House Number: 408
  • Address - Street Name: Rabbit Trail
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Leoma
  • Carrier Code: R001
  • 4-Digit Zip Code: 5666
  • Zip Code: 38468

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $50,400
  • Tax Rate Code Area: 50A00

    Market Valuation

  • Market Total Value: $213,400
  • Market Land Value: $213,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,050
  • Assessed Land Value: $25,050

    Sales

  • Current Sale Recording Date: Oct 01, 2013
  • Current Sale Document Type: 55
  • Previous Sale Recording Date: Jan 22, 1980
  • 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 Lawrence

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$186

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2007 ft²

Average Home Age

37.7 years

Currently For Sale

182 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: Tiffany S. Cope, Vice Pres., CRS, Crye-Leike, Inc., REALTORS
Last Updated: 6 months ago
Data Source: Realtracs, MLS# RTC2785225
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 408 Rabbit Trail Road built and last sold?
The property at 408 Rabbit Trail Road was built in 1990 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 408 Rabbit Trail Road is $0.
What are some comparable homes to 408 Rabbit Trail Road?
There are currently no comparable homes to 408 Rabbit Trail Road.
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