Homes for sale - 8 Phillips Rd, Lebanon, TN 37087

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Allen Perry

allen@nashvilleonthemove.com +1(615) 738-1550

Listed by Bob Sorey • Best Real Estate Advisors

$ 325,000

Est. payment | -/mo

5.23 Acres Lot

Save

$ 325,000

Est. payment | -/mo

Save

5.23 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Connie Colbert Property

MLS Listing ID 3002567

HOA Y/N No

Annual Tax Amount $435

Lot Size 5.230 Acres

Acres 5.23

Property Description

Are you looking to purchase property that has an ability to build two homes upon it? For the record, finding land with the ability to follow established laws is extremely difficult to find. This 5.23 acres has enough soils to build one 5 bedroom house plus the road frontage which allows it to be subdivided. Wilson County requires that each land tract have its own 50 ft of public road access plus be a specific size lot before it can be subdivided. Considering this parcel's asking price and the minimal cost to subdivide it, you may want to look into this tract because it's very rare to find any building lots that can be subdivided and at this reasonable price. Deed restrictions are very minimal with requirements for size of the house, construction materials on the exterior and other reasonable requirements to protect your investment can be found in the media section. Notice that there is no HOA requirement. The rear of the property has a creek but FEMA does not show the property being listed on flood map which would require potentially expensive and mandatory flood insurance IF a mortgage was needed. With 190 feet of paved county road frontage and the tract has just over 1200 ft in depth not only meets the subdivision requirements but also shows the potential to build two single family houses at a reasonable cost for the land which typically is why most tracts of land cannot accomplish your goal of two houses being built on the lot beside each other. Subdivision into two building lots will require a surveyor to process the property and submit it to planning. Assistance by the listing broker to accomplish this subdivision process, step by step is not required but available to make the process easier for you. Meetings are held monthly and submission dates are published online in the media links for Wilson County planning department. Don't buy anything that hasn't been vetted as reasonable to subdivide and not take 6 or more months and lots of money to achieve the goal.

Location

State TN

County Wilson County

Zoning A1

Interior

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Private Pool false

Building

Lot Description Wooded

Sewer Septic Tank Available

Water Private

Schools

Elementary Schools Tuckers Crossroads Elementary

Middle Schools Tuckers Crossroads Elementary

High Schools Watertown High School

Others

Senior Community false

Special Listing Condition Standard

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1033 Demonbreun St Suite 300, Nashville, TN, 37203, USA

8 Phillips Rd Lebanon, TN 37087